The UK’s Financial Conduct Authority (FCA) has agreed to give card issuers and merchants an extra 18 months to implement Strong Customer Authentication (SCA), the new customer identity verification regulation which forms part of the EU’s revised Payment Services Directive II (PSD2). The move follows the European Banking Authority’s June 2019 decision to allow EU […]
Students at an additional 12 US universities will be able to use their iPhone or Apple Watch “to get into dorms, buy lunch and more” in the coming school year, Apple has announced. The expansion will bring the number of students able to use their iPhone or Apple Watch as a contactless student ID to
Apple expands NFC student IDs to 12 more universities Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – As Japan continues to fight what to date has been a losing battle against cash, an announcement by the joint venture behind QR code-based payments service PayPay offers a little bit of encouragement. Related stories, automatically selected: Japanese Payments Players Expand Support for QR Code-Based Payments Japanese Megabank
Three-quarters of Apple Pay users are attracted to the Apple Card — and so are 60% of eligible non-users, a US consumer survey conducted by Auriemma Group has found. “Those who are not attracted to the card most often say it is because they don’t make frequent Apple purchases or they don’t use Apple Pay
Three in four US Apple Pay users ‘are attracted to the Apple Card’ Read More »
52% of Apple Pay users say they are likely to apply for an Apple Card in the next 12 months, a JD Power survey of US consumers has found. To date, roughly 11% of adults report using Apple Pay for purchases in-store, and that number rises to 20% among people who use an iPhone, JD
Half of US Apple Pay users set to apply for an Apple Card Read More »
Mumbai bus operator BEST is to begin a pilot of India’s ‘One Nation One Card’ national transit card system in November this year. Announced in March 2019, the service is based on the National Common Mobility Card (NCMC) — a bank-issued contactless debit/credit/prepaid card that runs on India’s domestic RuPay payments network. Passengers will be
Mumbai bus passengers to pilot India’s new national transit ticketing system Read More »
Daimler Trucks has announced the successful completion of a proof-of-concept pilot of Truck Wallet, a machine-to-machine (M2M) payments service designed to enable vehicles to automatically pay for road tolls, electric charging and other services — without involving or interacting with the driver. The system works by assigning vehicles their own digital identity, known as a
Daimler pilots Truck Wallet that lets vehicles make their own payments Read More »
China’s central bank has completed a five-year project to develop a digital currency that can be processed at a speed which is fast enough for it to be used in a retail environment, a senior People’s Bank of China (PBOC) official has revealed. The Central Bank Digital Currency (CBDC) “can now be said to be
China sets out plans for two-tier digital currency Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – As Apple Pay approaches the fifth anniversary of its launch in the U.S., there is more research showing that most American consumers simply don’t see the value of tapping to pay with NFC-based payments services. Related stories, automatically selected: Report: Will Deployment of Contactless EMV Cards in U.S.
The US Army is looking to replace its current smartcard-based Common Access Card (CAC) with “wireless, lightweight, flexible and rugged” wearable contactless identity tokens that can be inserted into a soldier’s pocket, attached to a sleeve or integrated into a wristband. “The US Army Combat Capabilities Development Command, or CCDC, is researching and developing authentication
US Army to issue soldiers with wearable contactless IDs Read More »
