Vivo Last of Major Chinese Smartphone Makers to Officially Launch NFC Pays Wallet

By:  Dan Balaban NFC TIMES Exclusive Insight – Vivo, China’s second largest smartphone maker, made it official this week, launching its NFC-enabled “vivo Pay” wallet, the last of the major Chinese phone OEMs to roll out NFC payments–though their use has been disappointing, at least for payments in stores. Related stories, automatically selected:  In-Depth: Chinese Payments […]

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ST explains how NFC tags with digital signatures can provide end-to-end protection against counterfeiting throughout the supply chain

NFC tags that include support for digital signatures can provide protection against counterfeiting and grey market goods right through the supply chain — from the factory, through the distribution chain to the retailer and the consumer — chip maker STMicroelectronics explains in a white paper now available to download from the NFCW Knowledge Centre. Supply

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Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit

UK-based neobank Revolut has implemented a Strong Customer Authentication (SCA) system that lets customers use their mobile banking app to authenticate their contactless card as they get close to reaching the new contactless transaction limit, avoiding the risk of having their card declined when they next attempt to make an in-store purchase. “From 14 September,

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Accenture issues $280bn payments revenue warning to banks

Banks are at risk of losing up to 15% of global payments revenue, valued at US$280bn, due to “the growth of digital payments and competition from non-banks”, Accenture predicts — but they also have the opportunity to capture US$500bn in new payments-related revenues “if they adopt innovative business models”. Global payments revenue will grow at

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Monzo to use app notifications to address Strong Customer Authentication communications issues

UK-based neobank Monzo is to use app notifications to provide customers who have a contactless card transaction declined due to new Strong Customer Authentication (SCA) requirements with the information needed for them to successfully complete their transaction. SCA forms part of the EU’s revised Payment Services Directive II (PSD2). It officially came into force across

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Two in five wrist-worn wearables now come with NFC

While health applications continue to be the main consumer adoption driver for wrist-worn wearables, support for mobile payments “is also starting to become a mainstay,” according to new research from IDC. IDC’s definition of wrist-worn wearables includes smartwatches, basic watches and wristbands. Shipments reached 34.2m units in total during the second quarter of 2019, up

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Apple adds Ultra Wideband communications chip to iPhone 11

Apple’s iPhone 11 smartphones will come with a new chip that supports Ultra Wideband communications, opening up the potential for the devices to support a range of new proximity-based services including item tracking, keyless vehicle entry and mobile payments “The new Apple‑designed U1 chip uses Ultra Wideband technology for spatial awareness — allowing iPhone 11

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