A new study from Juniper Research forecasts that NFC will drive mobile transactions to $74 billion by 2015 – a threefold increase from 2011. In the “Mobile Commerce Markets” report, Juniper attributes this growth to the increasing use of NFC for in-store payments and transport ticketing applications, two of the fastest growing segments of the […]

Apple has filed a new patent for an “iWallet” mobile payments application powered by an embedded NFC chip, according to Patently Apple. The patent reveals where the embedded NFC-chip would be positioned in the iPhone, outlines credit transaction rules and details how credit card companies can send statements directly to the user’s iTunes account. The […]

Qatar National Bank (QNB) and local teleco Qtel have teamed up to launch Qatar’s first commercially available NFC payments service. Powered by MasterCard and Oberthur Technologies, the service enables QNB and Qtel customers to make everyday purchases of up to QR100 ($27.50) with just a tap of their NFC-enabled mobile phone. QNB customers can use […]

GuestLogix has launched its Global Payment Services to provide airlines and travel operators the ability to transact onboard, or at any travel touch point, while adhering to growing payment certification requirements. GuestLogix’ Global Payment Services supports multiple currencies and payment methods including EMV transactions (both Chip & PIN and Chip & Signature), non-EMV (swipe) transactions, […]

Thales and Aconite have integrated their solutions to support the secure personalization of smart cards, secure elements on mobile phones and other chip-based tokens, as well as the processing of smart transactions. According to the partners, the new offering integrates Aconite’s smart chip issuance and management technology with Thales’ payShield 9000 hardware security modules (HSMs) […]

Research firm NPD In-Stat has released a new report predicting that total mobile payment transactions – mobile payments made via NFC or bar code – will reach 9.9 billion globally in 2016, up from 1.1 billion in 2012. According to NPD, the proximity mobile payments market is still in its infancy, with “weak” infrastructure on […]

In soft drink business, Coke and Pepsi might look the same, but consumers know that these two colas have different flavors. The market for contactless smart cards isn’t much different. The four players that dominate the industry – HID, NXP, Sony and LEGIC – have subtle differences that create the different contactless flavors. In addition […]

E-security products provider Cryptomathic has released the Cryptomathic Cloud Wallet, which enables secure mobile payments through the cloud. Rather than using payment applications that are delivered through EMV chips located in payment cards or on smart phones, the Cloud Wallet links a user’s payment methods and mobile devices to a secure networked platform. To use […]

Smart Packaging Solutions (SPS) announced that its SPS EBooster technology has been recognized with 15 additional Visa and MasterCard certifications obtained in 2011. SPS EBooster technology enables smart card manufacturers to deliver dual-interface cards – contact & contactless – to financial institutions issuing banking cards. This ensures smart card manufacturers are able to adapt to […]

GlobalPlatform, the organization that standardizes the management of applications on secure chip technology, has published a new white paper detailing its vision to create a “consumer centric” ecosystem in which the consumer have ultimate control over which secure applications they want to use on their device. The white paper, “A New Model: The Consumer-Centric Model […]