Transport for London’s Lucrative Sponsorship Deal with Google Shows Value of ‘Point of Sale’ Real Estate at Fare Gates

By:  Dan Balaban NFC TIMES Exclusive insight – Transport for London’s recent deal with Google to put the Google Pay Logo on more than 5,600 contactless gate readers across the large London Underground network is not the first time that the London transit authority has rented out its prime payments real estate to sponsors. Nor is […]

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HID Global adopts Cilab NFC test equipment to standardise worldwide labs

PARTNER NEWS: HID Global is using Cilab’s ci230 high-speed testing suite to reduce testing bottlenecks and standardise its NFC test results across its labs around the world — and is gaining a positive return on its investment in the equipment in less than a year, engineering director Hans-Juergen Pirch has told NFC World. HID Global

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EMVCo adds support for IoT payments

Payments standards body EMVCo has extended its security evaluation methodologies and processes to include support for IoT products and solutions, “enabling emerging solutions and devices to be evaluated quickly and efficiently”. “Device hardware evaluations are playing an increasingly important role in IoT assessments across various IoT payment use cases, security frameworks and emerging compliance models,”

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Access Bank to launch face recognition payments in Nigeria

Nigeria’s Access Bank is to introduce a payments system that uses a combination of facial recognition and artificial intelligence to let customers make purchases at retail stores, Ventures Africa reports. The new FacePay platform “enables more convenient payments in merchant locations and faster (withdrawals and transfers) in Access Bank branches,” the publication explains. Read the

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Digital wallets to account for 52% of global ecommerce sales by 2023

Digital wallets will be used to pay for ecommerce transactions valued at more than US$3tn a year by 2023, a new study has found. Overall, the global eCommerce market will grow to US$5.9tn by 2023, the Worldpay from FIS 2020 Global Payments Report predicts, with digital/mobile wallets “set to be the online payment method of

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TfL signs £2m payments promotion deal with Google Pay

Google has agreed to pay Transport for London (TfL) £2m (US$2.56m) for the right to place Google Pay branding on all of London Underground’s 5,686 tap in/out card readers for a year. “Under the contract, TfL’s ‘obligations’ include removing the existing yellow covers on all 5,686 readers across the network, swapping them with Google’s labels

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