The mobile device hardware security market is projected to jump from $430 million in 2012 to $1.9 billion by 2017, according to a new report from ABI Research. The bulk of the market is attributed to embedded chip security technology, such as ARM’s TrustZone and other semiconductor companies’ security solutions. Revenues generated by secure elements […]

Placecast has announced the launch of ShopAlerts Wallet, a white label mobile wallet solution that combines location-based offers with mobile payments. With ShopAlerts, customers can receive, save and use offers via their mobile phone. Users can search manually for offers based on location, keyword or category, or receive them automatically through SMS or push notifications […]

Chase Paymentech, a subsidiary of JPMorgan Chase, has launched its new “Future Proof” all in one terminal for EMV, contactless and NFC payments. The Future Proof terminal is available through Chase’s 5,300 bank branch network and on the company’s website. According to Chase, it is designed for a wide variety of merchants and offers support […]

Paydiant, a provider of cloud-based mobile payment solutions, has announced that its mobile payments platform has earned appSecure certification from viaForensics. The certification was issued following an evaluation of the methods used within Paydiant’s mobile wallet solution to prevent the exposure of sensitive data used in processing mobile payments. According to Paydiant, the appSecure certification […]

On Track Innovations (OTI) has been awarded two U.S. patents for its NFC hardware and applications technology. The first patent, titled “Retrofit Contactless Smart SIM Functionality in Mobile Communicators” (U.S. Patent No. 8,195,236), concerns the addition of NFC and contactless payment capabilities to existing mobile handsets through a phone’s existing SIM card. According to OTI, […]

Code retrieved from two Apple iPhone 5 prototypes suggest that the next iPhone will comes with embedded NFC, according to 9to5Mac. The addition of NFC to the iPhone would likely complement Apple’s recently revealed Passbook mobile wallet app, finally pitting Apple against Google, Isis and now Microsoft for control of the mobile payments market. NFC […]

The Association Francaise du Sans Contact Mobile (AFSCM) has announced that more than one million NFC-enabled handsets have been sold to date in France. Spurred on by the country’s Cityzi NFC services platform, the number of NFC phones is expected to continue its upward climb to 2.5 million handsets by the end of the year, […]

Discovery News‘ Mark Peroraro recently took Google Wallet for a spin in the Bay Area and came away less than thrilled with the “future of mobile payments.” Peroraro first tried the app at a San Francisco coffee shop, where he swiped his phone only to be told the reader wasn’t working. He then went on […]

A new mobile app for NFC smart phones has been created that enables thieves to steal sensitive data from contactless payment cards, according to SC Magazine. Built by security researcher Thomas Skora, the “paycardreader” app skims payment card information, including card numbers, dates, transactions and merchant IDs. The app was built to reveal the dangers […]

Canada-based advertising company Astral Out-of-Home has announced that it will deploy NFC-enabled ads in transit shelters across Toronto. Over the summer months, some 80 NFC-enabled Scotiabank Scene posters will be displayed in Astral transit shelters located near movie theaters in downtown Toronto. Users can tap their NFC phones against the posters to enter a Facebook […]