The rapid roll out of contactless credit cards and NFC-enabled mobile payments in Canada will challenge cash’s dominance by 2016, according to Research and Markets’ new report, “Canadian Payments Forecast – 2012.” According to the report, contactless payments are likely to account for “significant” transaction volumes and values by 2016, with mobile payments following close […]

Worldwide mobile payment transaction values will surpass $171.5 billion in 2012, a 61.9% increase from the $105.9 billion recorded in 2011, according to new research from Gartner. Accordingly, the number of mobile payment users will reach 212.2 million in 2012, up from 160.5 million in 2011, says Gartner. “We expect global mobile transaction volume and […]

Transport for London (TfL) executive Shashi Verma has declared NFC’s read speeds “too slow” for use in the London Underground, reports PCWorld. Speaking at the Open Mobile Summit conference in London, Verma explained that contactless read speeds on the Tube have to be faster than 500 milliseconds, which NFC can’t make under current standards. According […]

A new report from Juniper Research has found that more than one in four mobile phone users in the U.S. and Western Europe will use an NFC-enabled handset to pay for goods in-store by 2017, compared with less than 2% in 2012. According to Juniper, NFC payments will reach $180 billion worldwide by 2017 as […]

The Smart Card Alliance has selected officers for its newly-formed Mobile and NFC Council. Brent Bowen, vice president of business development for INSIDE Secure, will serve as chair of the council, with Chandra Srivastava, business leader at Visa, taking on the position of vice chair. Doug Morgan, chief strategy officer at C-SAM, will serve as […]

The Commonwealth Bank of Australia says it will release an Android version of its Kaching mobile payments app within six weeks – albeit without NFC, according to ZDNet. Andy Lark, chief marketing officer of Commbank, told ZDNet Australia that the Android version of Kaching will not leverage embedded NFC technology because Google and other device […]

SIA Central Europe, an IT systems operator supporting bankcard issuance and transactions, is looking to work with financial institutions in Hungary and other Central European countries to deliver NFC-enabled mobile services, according to QR Code Press. SIA is hoping to create new mobile payment services that are viable for mass adoption among bank customers in […]

Kinetic and JCDecaux have announced positive results for their NFC-enabled outdoor advertising pilot in Reading, UK. Launched this past March, the pilot saw more than 3,000 people scan the NFC-enabled poster sites, which were set up across Reading and in the Oracle shopping mall over a four-week period. According to a survey conducted by the […]

Stagecoach, one of the UK’s largest bus and rail operators, has partnered with mobile operator Everything Everywhere to trial NFC payments in Cambridgeshire, UK. The trial, dubbed “the UK’s first Government-standard commercial deployment of mobile contactless transport ticketing,” enables a small group of bus users to receive, store and validate their bus tickets using their […]

Executives from MasterCard, Sony, Intel and other payments and consumer tech leaders took the stage earlier this week at the Smart Card Alliance’s NFC Solutions Summit 2012 to declare that NFC is coming soon, and when it does, it will enable a broad array of applications that will enhance the consumer experience at the point-of-sale […]