NFC World

News from the NFC World journal

Survey finds US consumers would switch to mobile payments to save money

“Of the 61% of survey respondents who have used their phones to make an in-store purchase, 63% are motivated by payment methods that offer rewards, rebates and cash back, while 55% would be inclined to adopt mobile payments if the solutions saved them money… More than half (52%) of these shoppers say they feel overwhelmed […]

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MTA to expand Omny open loop ticketing to all New York bus services and subway stations

New York’s Omny contactless fare system is to undergo “a blitz phase of installations that will bring the popular new contactless fare payment system to all 472 stations as well as all MTA bus routes by the end of next year,” the city’s Metropolitan Transportation Authority (MTA) has announced. The move follows adoption rates that

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Bank of America adds face recognition to mobile banking app

“Release notes for version 8.3.11 of Bank of America for Android prominently mentions the ‘Ability to sign in with face unlock (Pixel 4 only)’… After updating, you’ll need to enter your password one more time, and select the ‘Set up biometric sign-in’ checkbox. After completing BofA’s process, Pixel 4 face unlock will work on all

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GlobalPlatform reports secure element shipment numbers

More than 6.2bn GlobalPlatform-compliant secure elements were deployed in 2018, an increase of over 750m from the previous year, the standards organisation has revealed. In all, over 35bn secure elements based on GlobalPlatform technology have been deployed since 2010, it adds. Read the rest of GlobalPlatform reports secure element shipment numbers at NFCW.

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Google details its plan to offer free US bank accounts via Google Pay

US consumers will be able to start signing up for checking accounts from within Google Pay in mid-2020, Google has told the Credit Union National Association (CUNA). Google plans to make the accounts available free of charge, in partnership with credit unions and other financial institutions, and to generate revenues from debit card transaction fees.

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