ABN AMRO, ING, KPN, Rabobank, T-Mobile and Vodafone have signed a letter of intent to jointly introduce point of sale mobile payments in the Netherlands. According to the partners, this marks the first time that major banks and mobile operators in a European country have joined forces to facilitate the adoption of a unified contactless […]

Wells Fargo has announced its participation in Visa’s NFC-enabled mobile payments field trial, joining Bank of America and US Bancorp as the third U.S. bank to test Visa’s new technology, according to finextra.com. The project, which will run until the end of the year, is expected to result in a commercially viable NFC-enabled mobile payment […]

Microelectonica Espanola S.A.U. announces its recent membership into GlobalPlatform. GlobalPlatform works to advance the mobile payment landscape and develop ideas for new competitive leaps in smart card technology. Microelectonica will be working most specifically with GlobalPlatform’s card committee which works with application managements in terms of industry specifications for the cards. Additionally as part of […]

Tyfone, creator of the SideTap MicroSD mobile payment solution, has landed $5 million in Series B funding from several investors, including HDFC Holdings, Polaris Software Lab and Ojas Venture Partners, according to telecomtiger.com. Tyfone says it intends to use the funding to expand its SideTap MicroSD memory card solution, which allows customers to make NFC-enabled […]

Silicon Valley-based Cimbal has announced the public launch of its software-based NFC payment network. The network, which the company claims is the first of its kind in the world, enables secure payment and peer-to-peer transactions using a smart phone instead of a plastic card. For transactions, a Cimbal user creates a payment request on his […]

Netsize has released a new report finding that a majority of survey respondents would use their mobiles to buy big-ticket items. “Unlocking the Value of Mobile Commerce” includes research on the value amounts that people are ready for and willing to pay through their mobile phone for pricey items that go beyond the usual mix […]

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 […]

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, […]

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 […]

Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York. Since the test will use microSD cards, iPhone users will not be able to participate. Other smart phones, such […]