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 […]

Starting this summer, the Toronto Transit Commission (TTC) will pilot a system that would enable riders to pay their transit fares with their mobile device or contactless credit and debit card, according to The Toronto Star. Metrolinx, who is under pressure to launch similar technology in Ottawa, will begin to test the new open payments […]

The Board of Directors of Cubic Corporation has reported the passing of Walter J. Zable, age 97, the corporation’s founder, chairman, president and CEO. Zable had guided Cubic since he founded the company in 1951, leading it to global prominence in providing defense systems, mission support services and transportation systems and services to customers worldwide. […]

China Mobile and China UnionPay have signed an agreement to jointly develop an array of mobile payments products and services, according to Marbridge Consulting. Under the details of the agreement, the partners will collaborate on SIM-based payments for online shopping, bill payments and long distance mobile payments as well as NFC payments at the point […]

The global card market reached $17 billion in 2011, jumping almost 14% from 2010, according to the 2011 International Card Manufacturers Association Global Card Market Statistics Report. Higher value chip-based cards used in mobile phones and other electronic transactions as well as expanded production in the Asia-Pacific region led market growth as more than 30 […]

Oberthur Technologies has completed its acquisition of Boston-based mobile payments company MoreMagic. Announced in February 2012, the acquisition will enable Oberthur and MoreMagic to build a comprehensive suite of mobile commerce and financial services solutions, including a secure mobile wallet infrastructure and an end-to-end NFC system. According to Oberthur, these offers will enable mobile operators, […]

Korean smart card solutions provider DUALi announced that its Dragon NFC reader has been certified for NFC Forum Digital Conformance by the Korean certification laboratory KTC. DUALi’s Dragon is a USB-based reader that can support multiple NFC and contactless smart card functions, including payments, loyalty and automatic fare collection. The Dragon can be used as […]

GlobalPlatform has released a new technical specification that prevents unauthorized applications from communicating with the secure element on a mobile device. According to GlobalPlatform, the Secure Element Access Control mechanism ensures that only legitimate secure mobile services, such mobile payments and ticketing applications, are able to connect with the secure element and access the user’s […]

Microsoft has revealed that its forthcoming Windows Phone 8 OS will come with an NFC-enabled mobile wallet app called Wallet Hub. Introduced today at a Windows 8 sneak peek event in San Francisco, Wallet Hub promises to be “the most complete wallet experience,” according to the company. The service will include NFC payments at the […]

Absa Group announced it plans to begin trials expanding its contactless payment network at the bank’s rugby fan park in Cape Town, according to ITWeb. The first trial of the new Springbok Supporters Club tap-and-go card will be piloted at the Absa Boktown fan park, where fans will be able to tap the card to […]