NFC Times

News from NFC Times journal

With E-Commerce Skyrocketing, Tokenized Transactions Expected to Soar, as Well

By:  Dan Balaban NFC TIMES Exclusive Insight – As more consumers buy online, and to a lesser extent use mobile wallets for in-store purchases, because of the coronavirus pandemic, tokenized card transactions are expected to increase dramatically.   Related stories, automatically selected:  In-Depth: Tokenization Figures Demonstrate Majority of Mobile Payments Conducted Online Major U.S. Networks Promote […]

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Software-as-Service Platforms for Transit Agencies Begin to Support Open-Loop Payments

By:  Dan Balaban NFC TIMES Exclusive Insight – In what is believed to be a first, a transit agency in Europe plans to accept contactless credit and debit cards using a third-party software-as-a-service platform this summer, UK-based platform provider Masabi told NFC Times, although the company declined to name the agency. The project is expected to begin

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Apple Launches Overdue Octopus Payments Service in Hong Kong, as It Continues to Seek More Transit Applications for Wallet

By:  Dan Balaban NFC TIMES Exclusive Insight – Apple today finally launched its Octopus transit payments service in Hong Kong on Apple Pay, nearly a year after the service was originally announced and more than two years after rival Samsung introduced a similar service in the market. Related stories, automatically selected:  Samsung Pay Launches Octopus in

Apple Launches Overdue Octopus Payments Service in Hong Kong, as It Continues to Seek More Transit Applications for Wallet Read More »

Mastercard: Contactless Payments in Europe Approach 80% of Card Transactions; Pandemic Causes More Consumers to Shun Cash

By:  Dan Balaban NFC TIMES Exclusive Insight – While contactless payments in Europe were already commonplace and continue to grow, the Covid-19 pandemic has created even more interest in the technology among consumers, according to a report released Thursday by Mastercard. The report includes a survey showing that consumers in eight major European markets say they

Mastercard: Contactless Payments in Europe Approach 80% of Card Transactions; Pandemic Causes More Consumers to Shun Cash Read More »

Ohio-Based Transit Agency Group Planning to Enable Mobile Ticketing Through Uber App

By:  Dan Balaban NFC TIMES Exclusive – A consortium of 13 small and mid-tier transit agencies in Ohio and Northern Kentucky plans to enable customers to buy public transit tickets directly in the Uber app as early as this summer, following two other U.S. transit agencies, in Denver and Las Vegas, which have already integrated with

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UPDATED: Ohio-Based Transit Agency Group Planning to Enable Mobile Ticketing Through Uber App

Jun 3 2020 By:  Dan Balaban NFC TIMES Exclusive – A consortium of 13 small and mid-tier transit agencies in Ohio and Northern Kentucky plans to enable customers to buy public transit tickets directly in the Uber app as early as this summer, following two other U.S. transit agencies, in Denver and Las Vegas, which have

UPDATED: Ohio-Based Transit Agency Group Planning to Enable Mobile Ticketing Through Uber App Read More »

Samsung Details Planned Mobile-Money Service as It Seeks to Keep Pace with Rival Apple Pay

By:  Dan Balaban NFC TIMES Exclusive Insight – Samsung offered more details today about its Samsung Money debit card and “mobile-first” money management service for its Samsung Pay app, which it plans to launch in the U.S. this summer with personal finance fintech SoFi. Samsung had disclosed plans for the new service earlier this month. Related

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In-Depth: As Covid-19 Causes Transit Ridership to Plummet, Third-Party Mobile-Ticketing Vendors Hope to Help Bring Riders Back

By:  Dan Balaban NFC TIMES Exclusive Insight – As the Covid-19 crisis sows fear among mass transit customers and causes ridership on buses, trains and trams to crash, there is heightened interest in mobile ticketing and other electronic fare payments as a way to ease the concerns and help coax wary riders to return.   Related

In-Depth: As Covid-19 Causes Transit Ridership to Plummet, Third-Party Mobile-Ticketing Vendors Hope to Help Bring Riders Back Read More »

Networks: Contactless Transactions Soar as Pandemic Takes Toll on Cash

By:  Dan Balaban NFC TIMES Exclusive Insight – In announcing their respective quarterly results this week, both Visa and Mastercard, as expected, discussed the major disruption that Covid-19 is wreaking on the payments business. But they also noted that there is one unexpected victim of the pandemic: cash. Related stories, automatically selected:  Prompted by Pandemic Fears,

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Prompted by Pandemic Fears, Last of Australia’s Big Four Banks Ends Apple Pay Holdout

By:  Dan Balaban NFC TIMES Exclusive Insight – Citing the increased demand for cashless payments because of the Covid-19 pandemic, Westpac today became the last of Australia’s big four banks to adopt Apple Pay, ending a four-year holdout that had lasted months, even years longer than its major rivals. Related stories, automatically selected:  As Their Resistance

Prompted by Pandemic Fears, Last of Australia’s Big Four Banks Ends Apple Pay Holdout Read More »