Stafford Masie, entrepreneur and former CEO of Google South Africa, has criticized local banks’ recent efforts to pilot NFC payments as “farcical,” asserting that NFC payments are “complex and unnecessary” and will remain a niche technology, reports TechCentral. Masie cites several reasons that NFC will fail as a payment technology. First, handset makers will likely […]

By Sarah Ledwith, Marketing Manager, Colleges & Universities, The CBORD Group Inc. 2012 will be a year for re-examining our definition of a card office. As credentials expand from cards to phones, increased adoption of mobile features and near field communications will change the way we think of credential management on college campuses and beyond. […]

KT Corporation, Korea’s largest teleco, is predicting that 20 million NFC-enabled phones will be in the hands of South Koreans by the end of 2012 – accounting for nearly 40% of the country’s total population, according to NFC World. Some 5 million South Koreans own NFC-enabled phones, which have become a popular form of payment […]

VeriFone Systems has completed its acquisition of Point, Northern Europe’s largest provider of payment and gateway services and solutions for retailers. According to VeriFone, Stockholm-based Point has operations in 11 European countries and serves a network encompassing nearly 475,000 merchant contracts. Through this network, Point offers retailers a range of multi-channel services and solutions, including […]

GlobalPlatform and SIMalliance have signed a Memorandum of Understanding to improve application security on mobile devices. Through the formal partnership, the associations say they will work together to develop an end-to-end solution that will enable a mobile device application to communicate with an application loaded in a secure element. According to GlobalPlatfrom, SIMalliance released its […]

By David Worthington, principle consultant for Payment and Chip Technology at Bell ID Most consumers are comfortable with the concept of a mobile phone as a secure, multifunctional device. It is this consumer acceptance, coupled with technological advancement, which make the 2012 market conditions ripe for greater expansion in mobile services. The rich user interface […]

Turkcell, Turkey’s largest mobile operator, has expanded its Cep-T Cüzdan mobile wallet application to accept payments made with Akbank’s Axess credit cards. Turkcell customers can now load their Akbank credit cards onto an NFC-enabled phone to make contactless purchases wherever Cep-T Cüzdan is accepted. “We have initiated a new era with the Cep-T Cüzdan, which […]