NFC Times

By:  Dan Balaban NFC TIMES Exclusive Insight –  Banks in the Czech Republic say they are seeing significant and growing use of NFC-enabled smartphones and wearables, although the large majority of consumers continue to tap their contactless cards, not NFC devices, for in-store payments. Related stories, automatically selected:  Study: Apple Pay Dominates Mobile Payments Among Debit […]

Feb 18 2020 By:  Dan Balaban NFC TIMES Exclusive Insight – Banks in the Czech Republic say they are seeing significant and growing use of NFC-enabled smartphones and wearables, ranging from 6% to nearly 25% of all contactless payments–three banks told NFC Times–although a large majority of consumers continue to tap their contactless cards, not NFC

By:  Dan Balaban NFC TIMES Exclusive Insight – The head of information systems for a major European transit operator says he believes public transit agencies should support interoperable fare payments globally, like mobile network operators offer roaming when their customers travel abroad. Related stories, automatically selected:  Insight: Moovit and Cubic Betting that MaaS Can Help U.S.

By:  Dan Balaban NFC TIMES Exclusive Insight –  As more and more transit authorities globally seek to emulate Transport for London’s success in gaining widespread adoption for contactless open-loop fare payments, they should take note that London’s closed-loop Oyster card remains popular, even among visitors to the city. Related stories, automatically selected:  In-Depth: Five Years After

By:  Dan Balaban NFC TIMES Exclusive Insight –  Recent research and forecasts have confirmed what industry observers already knew: Despite concerted efforts by the Pays wallets to gain widespread use of mobile payments in the U.S. at the physical point of sale, the large majority of mobile payments are conducted online, not by tapping NFC phones

By:  Dan Balaban NFC TIMES Exclusive Insight – The heads of the two largest payments networks in the U.S., Visa and Mastercard, predict strong growth for contactless payments in the U.S., with Mastercard CEO Ajay Banga noting that 70% of U.S. Mastercard-branded cards in the U.S. are coming up for reissue over the next 12 to

By:  Dan Balaban NFC TIMES Exclusive Insight – Transport officials in Australia have released figures on use of contactless payments in Sydney and New South Wales, showing that customers tap their contactless credit and debit cards and NFC devices for an average of 1.5 million transactions per week, accounting for a relatively small but respectable number

By:  Dan Balaban NFC TIMES Exclusive Insight – With public transit ridership decreasing in most large U.S. cities over the past five years, transit authorities are more open to becoming part of Mobility-as-a-Service platforms, which could potentially increase ridership for their rail and bus networks while offering customers options for the first and last mile.  Related

By:  Dan Balaban NFC TIMES Exclusive Insight – The Southeastern Pennsylvania Transportation Authority, or SEPTA, in Philadelphia plans to introduce open-loop payments of fares, with a pilot scheduled for around June, a spokesman confirmed to NFC Times. It makes SEPTA part of a small but growing number of U.S. transit agencies that are accepting payments of fares

By:  Dan Balaban NFC TIMES Exclusive – Take-up of open-loop contactless payment of fares in Miami-Dade County, Fla., has been slow so far, more than four months after transit Related stories, automatically selected:  Use of Contactless EMV to Pay Transit Fares Accelerating, According to Two Agencies That Launched Service This Year Miami Latest U.S. City to