MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015. According to the report, “Mobile Payment – Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in […]

Singapore’s CITY Tours has introduced a new contactless smart card that allows tourists to tap into various city attractions, according to asiaone.com. In addition to speeding up lines, the card also gives visitors up to a 45% discount at popular attractions such as Underwater World and the Singapore Zoo. According to asiaone.com, the card is […]

The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca. Ontario’s Technology Strategies International predicts Canadian stores will see $5.6 billion in contactless transactions by 2014. MasterCard first rolled out PayPass in 2005 in […]

The Southeastern Pennsylvania Transportation Authority (SEPTA) is applying for a $29.3 million TIGER II grant from the U.S. Department of Transportation to fund a contactless smart card fare system, according to progressiverailroading.com. SEPTA hopes to use the grant along with $48 million in agency funding to migrate from tickets and tokens to a fare system […]

Despite recent moves into mobile payment by giants such as Bank of America and Visa, US merchants may be hesitant to adopt the new technology, according to analysts at Reuters. First, there’s the issue of cost. According to Reuters, merchants pay banks nearly $50 billion a year for processing transactions on credit or debit cards, […]

SEPTA’s (Southeastern Pennsylvania Transit Authority) proposed smart card fare system has met some resistance from passenger advocates, according to The Philadelphia Inquirer. Essentially, the proposition entails railway passengers taking a free train into the Philadelphia’s Center City station and paying a roundtrip fare on ride home, reports The Inquirer. Mathew Mitchell of the Delaware Valley […]

The STAR Network announced the release of STAR CertiFlash, a new PIN debit application designed to improve point-of-sale security using one-time card number technology. When programmed onto a contactless payment device, STAR CertiFlash encrypts each individual transaction, transmitting a card number that is good for only a single use. With one-time card number technology, the […]

Taiwan’s Ministry of Transportation and Communications (MOTC) has announced that the country’s new integrated transit card system is expected to be fully operational by the end of the year, according to squidcard.com. The new $16.9 million system will allow passengers to use a single smart card for traveling across the country’s bus and rail networks. […]

The Federal Communications Commission (FCC) is reportedly testing a new NFC-enabled Nokia smart phone, according to phonescoop.com. The unnamed phone, which Phone Scoop says could feature mobile payment capabilities, also supports Wideband Code Division Multiple Access (WCDMA) on radio bands used by AT&T and T-Mobile’s 3G networks. According to Phone Scoop, the inclusion of Wi-Fi […]

RF IDeas has announced the release of its new pcProx Enroll reader for physical access control. According to RF IDeas, the reader is compatible with more than 300 million physical access proximity cards, allowing employees to use their building access card for other forms of identification and security throughout the workplace. The plug-n-play reader requires […]