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NFC-based mobile payments still years from mass adoption Network World Reiterating a 2009 Forrester prediction that "mobile contactless payments wouldn't hit the mass market for another decade," analyst Thomas Husson, writing in "NFC: What Lies Beyond Contactless Payments," says, "That prediction still holds despite ... See all stories on this topic »
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| Meet Franc: An Effective Mobile Payments Solution For iPhone AppAdvice Though it might not provide an NFC-powered mobile payments solution, fans using the Franc will find that they rarely leave an important card at home. As outlined on the accessory's Kickstarter page: The franc snaps onto the back of the iPhone 4/4s ... See all stories on this topic » | ||
| GustPay dreams of zero queues at festivals with NFC wristband trial Memeburn The event called Grim Furdango, was South Africa's first music festival to combine NFC (Near-Field Communication) wristband payments with mobile phone payments. Held at the Klein Libertas Theatre, the event featured local act Black Handed Kites who ... See all stories on this topic » |
Friday, August 3, 2012
NFC-based mobile payments still years from mass adoption
Partnerships Key to Successful Strategy in Mobile Payment Market, Says Frost & Sullivan
LONDON, -- Frost and Sullivan issued the following news release:
Near Field Communication (NFC), the promising mobile (m)-payment technology, has not created the revenue-generating opportunities the telecom industry expected. New marketing strategies are crucial to accelerate wide consumer adoption. Recently established partnerships between telecom operators and major financial institutions too are an effective way to deploy m-payment offerings.
"The industry seems to be reaching a tipping point," says Jean-Noel Georges, Global Program Director for ICT in Financial Services at Frost & Sullivan. "A number of factors like more NFC-ready mobile devices and new market participants are favouring the development of the European m-payments market -- especially NFC-based payments. Market players are forging cooperation, where a telecom-financial services partnership is one of the most compelling strategies."
Component vendors, mobile device manufacturers, and mobile operators have plans for introducing more NFC-enabled mobile devices to the market. Moreover, the m-payments sector is becoming more dynamic with the entrance of software providers, payment platform providers, and over-the-top companies such as Google.
"The entrance of new market participants has had a twofold effect," comments Mr. Georges. "It constituted a first step in modifying the market's structure with innovative and disruptive technologies and business models, and it incentivised financial institutions and mobile operators to push ahead with strategies for m-payments or risk being left out."
PayPal's entrance into the m-payments market is a noteworthy example, from Frost & Sullivan's perspective. The cornerstone of PayPal's offerings, which include m-payments, is to bring together the online and offline payment worlds. Closing the gap between online and offline commerce is not only attractive from a business standpoint but also a compelling value proposition to end users. After PayPal launched its digital wallet, major payment schemes launched similar services.
Starting this year, companies involved in the m-payment market have demonstrated a marked changed in their strategies for commercial NFC rollout. Market participants are forming partnerships that will accelerate the deployment of m-payment offerings.
Last month, DT and MasterCard signed a partnership agreement to bring m-payments to DT's 93 million customers in Europe. DT will issue MasterCard's branded products through its subsidiary ClickandBuy, which owns an e-money license. The partnership envisions the launch of m-wallet service in Poland during the second half of this year, followed by the launch of the m-wallet in Germany during the first half of 2013.
"DT was wise to select Poland - where 20 percent of Point-of-Sale terminals are contactless enabled and that percentage is expected to increase to 40 to 50 percent by the end of 2013 - as the initial focus of its wallet," notes Jean-Noel Georges.
"This type of partnership is cost-effective: the partners involved avoid 'reinventing the wheel' by using the capabilities and know-how of their counterparts, which may result in a compelling offering," advices Jean-Noel Georges. "More importantly, telecom-financial services partnerships deliver a positive signal to the market: different industries are finally finding a way to promote a payment solution. This market is steadily moving towards maturity through partnerships and merger and acquisition activity."
If you would like to learn more about the European m-payment market and/or obtain more information on the recent Frost & Sullivan report "Mobile Financial Services--A Technology and Market Analysis", please contact Joanna Lewandowska, Corporate Communications, at Joanna.lewandowska@frost.com. Please include your full contact details in the query.
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Gemalto NFC Services Go Live in Singapore
Gemalto NFC Management Service Goes Live for Singapore
Multi-industry partners set to launch NFC Services powered by Gemalto’s Allynis TSM Solution
AMSTERDAM--()--Regulatory News:
“As part of IDA’s iN2015 Masterplan, the Next Generation e-Payments Programme promotes technology adoption that realizes the vision of Singapore as a leading e-payments nation”
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced the official go-live of NFC services management in Singapore, powered by its Allynis Trusted Services Manager (TSM) solution, hosted in Gemalto’s local TSM data center. Supported by the Infocomm Development Authority (IDA) of the nation, the project to bring NFC to Singapore consumers lines up a consortium of local partners including mobile operators, banks and service providers. This is the first time that the mobile operators and a range of other service providers join forces to launch nation-wide NFC services to the general public using a unified, comprehensive TSM solution.
With the upcoming commercial rollout, consumers will have the freedom to tap and pay using their NFC-enabled mobile devices at over 20,000 retail points such as convenience stores, fast food outlets, retailers and even a fleet of taxis. Additional and innovative services are expected to join over the coming months when consortium partners launch their NFC services and consumers will be notified on how they can adopt NFC services as part of these launch plans.
All this is enabled by Gemalto’s secure, interoperable and inclusive TSM infrastructure, which manages over-the-air provision of confidential payment credentials to users’ NFC devices, offering dependable flexibility by leveraging cellular data, SMS or Wi-Fi channels in real time. Gemalto’s TSM data center in Singapore is MasterCard and VISA certified. This full-time and 24/7-available service enables highly-sensitive payment applications, while enabling easy on-boarding of new applications with smooth integration for service providers to be connected any time to the NFC ecosystem. In addition, Gemalto provides a SIM-based mobile wallet application that ensures a common user experience across compatible NFC handsets.
“As part of IDA’s iN2015 Masterplan, the Next Generation e-Payments Programme promotes technology adoption that realizes the vision of Singapore as a leading e-payments nation,” comments Mr Ronnie Tay, CEO of the national Infocomm Development Authority of Singapore. “The open access model for NFC infrastructure allows businesses to deploy innovative payment and other secured services, providing convenience to both consumers and merchants, and enabling commerce for all.”
“This pioneer launch of an all-inclusive platform allows mobile operators, financial institutions and all the other service providers in Singapore to easily plug into and get on board to offer secure NFC services. The NFC capable SIM cards are already being deployed, the NFC infrastructure is ready and with our MasterCard and VISA certified TSM data center we are able to support customers as they ramp up their large-scale deployment of mobile NFC services,” said Tan Teck Lee, Chief Innovation & Technology Officer and Asia President at Gemalto. “We are happy to see this landmark program go live as planned, appreciate the benefits it contributes to the country’s economy, and want to thank our customers for their trust and for their confidence in the future.”
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2011 annual revenues of €2 billion and more than 10,000 employees operating out of 74 offices and 14 Research & Development centers in 43 countries.
We are at the heart of our rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, everywhere – in ways that are convenient, enjoyable and secure. Gemalto delivers on their expanding needs for personal mobile services, payment security, identity protection, authenticated online services, cloud computing access, eHealthcare and eGovernment services, modern transportation solutions, M2M communication.
Gemalto develops secure software that runs on trusted devices which we design and personalize. We manage these devices, the confidential data they contain and the services they enable, throughout their life cycle. We innovate so that our clients can offer more ways of enhancing the convenience and security of their end-users’ digital lives.
Gemalto is thriving with the growing number of people using its software and secure devices to interact in the digital and wireless world.
For more information visit www.gemalto.com, www.justaskgemalto.com, blog.gemalto.com, or follow @gemalto on Twitter.
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45 "Mobile Payment" News Stories for August 3rd, 2012
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 CNN NEW YORK (CNNMoney) -- Google just took your phone a step closer to replacing your wallet in the mobile payment revolution. The company expanded its mobile payments platform, Google Wallet, to accept multiple credit cards. Users can now connect their ... See all stories on this topic » | ||
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| Now book rail tickets using your mobile phones Times of India MUMBAI: State Bank of India will be able to pay for online train bookings through mobile banking using the Interbank Mobile Payment System (IMPS) that is available to all depositors. After selecting their tickets on the IRCTC(Indin railway catering ant tourism ... See all stories on this topic » | ||
| SBI launches rail ticket booking through mobile payment service Hindu Business Line The State Bank Mobile Banking Service has launched a mobile payment service where customers can now book railway tickets over the IRCTC (Indian Railways Catering and Tourism Corporation) Web site and pay through SBI. Customers can pay through ... See all stories on this topic » | ||
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| Google Wallet Starts Carrying More Plastic TechNewsWorld The mobile payment system Google Wallet now works with all major credit cards and will begin transitioning to a cloud-based model. The service allows users to tap their smartphones to pay at a retail checkout location, rather than having to swipe a credit ... See all stories on this topic » | ||
| 'Strong willingness' to adopt mobile payment methods Voxy New Zealanders are early adopters of technology that makes our lives easier. According to the results of the latest MasterCard Mobile Payments Readiness Index (MPRI), there is strong willingness amongst Kiwis to adopt mobile payment methods with New ... See all stories on this topic » | ||
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| Cocoa Beach Adds Paid Parking to Downtown – but No meters or Pay Stations ... Virtual-Strategy Magazine Everyone else can pay for parking only using ParkNOW! mobile Payment or they park at a meter. For many years beachgoers have avoided paying to park at meters by grabbing the free parking spaces on A1A and elsewhere in downtown, just blocks off the ... See all stories on this topic » | ||
| Now buy online rail tickets without cards or net banking Times of India An SBI official said that the bank expects the Interbank Mobile Payment System gain in popularity as a payment mechanism and expects the volume of transactions to growth because of the convenience and security it offers. IMPS is a remittance facility that ... See all stories on this topic » | ||
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| You can soon tap your phones to pay for shopping, transport Channel News Asia Some 72 per cent out of an estimated four million Singapore's mobile phone subscribers use smartphones. Industry watchers believe the trend is rising and with more tech savvy users, such mobile payment tools may come in handy. - CNA/ck ... See all stories on this topic » | ||
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| American Express Does Not Support Google Wallet Benzinga At the time, Verizon was in the process of developing a mobile payment platform with T-Mobile and AT&T (NYSE: T). The platform was expected to receive help from Discover Financial Services to process payments and Barclays PLC (NYSE: BCS), which ... See all stories on this topic » | ||
| Will Google Wallet take off now? MSN Money The king of search just opened up its mobile payment system, Google Wallet, which had been limited to Citibank cards, to all credit and debit cards, including Visa, MasterCard, American Express, and Discover. That means you can now sync any credit card ... See all stories on this topic » | ||
| Kiwis keen to use mobile payment tech NZ City Kiwis keen to use mobile payment tech. A new survey shows New Zealanders are keen to get on board with new mobile payment technology, but need brushing up on exactly how to use it. 3 August 2012. A new survey shows New Zealanders are keen to get ... See all stories on this topic » | ||
| Scvngr's LevelUp raises additional $9m for mobile payments Digital Media Wire Mobile payment services startup LevelUp said today it has raised an additional $9 million from T-Venture, Deutsche Telekom's investment arm, and other individual investors. This brings LevelUp's current round to $21 million, including the previously ... See all stories on this topic » | ||
| Near Field Communication services arrive in Singapore AsiaOne DigitalOne | 03-08-12. 0 comment. Mobile payment services using Near Field Communication (NFC) technology will be launched in Singapore at the end of August. This means consumers can pay for purchases by tapping a reader with their mobile phones, ... See all stories on this topic » | ||
| Google Wallet opens up support for everyone TG Daily Google has released the biggest update yet to its mobile payment platform. Now, users are able to link any of their existing credit or debit cards to their Google Wallet account. "To support all credit and debit cards, we changed our technical approach to storing ... See all stories on this topic » | ||
| Google revamping mobile payments San Francisco Business Times (blog) Google Inc. is making changes to its "Google Wallet" mobile payment system with the aim of making it easier to enroll in and use the system, the Wall Street Journal reports. The changes will allow consumers to put a credit or debit card number into an ... See all stories on this topic » | ||
| LevelUp: Better for biz than Google? Upstart (blog) Seth Priebatsch, founder of LevelUp, says the mobile payment system is seeking to become just the 6th new payment network in U.S history. Kyle Alspach: VC Editor- Boston Business Journal: Email. One year into the rollout of the LevelUp mobile payment ... See all stories on this topic » | ||
| Home Depot fights 'abusive' credit card fees with PayPal system Computerworld In similar fashion, Google's Google Wallet, the ISIS mobile payment consortium of three wireless carriers, and even Apple's App Store could begin encouraging customers to use mobile phones to charge purchases that would be paid to wireless carriers or ... See all stories on this topic » | ||
| LevelUp Raises $9 Million From T-Venture and Other Investors Equities.com LevelUp, the second largest mobile payment network behind Starbucks, recently announced that it has achieved its ambitious goal of lowering its merchant interchange rate to zero. Available at more than 3000 businesses nationwide, LevelUp provides value ... See all stories on this topic » | ||
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| LevelUp raises another $9M Boston Herald LevelUp will use the funding to fuel both product development and the expansion of its "Interchange Zero" mobile payment network. Randeep Wilkhu, senior investment manager at T-Venture, will join the LevelUp board as an observer, the company said. See all stories on this topic » | ||
| QuickPay raises $3.5M in seed funding for m-payment parking solution Mobile Payments Today QuickPay Corp., a provider of mobile payment solutions aimed at parking facilities, announced today it has secured $3.5 million in seed funding. The company also has named Barney Pell as CEO. Investors in this seed round include Fontinalis Partners, ... See all stories on this topic » | ||
| LevelUp adds another $9M to its coffers Mobile Payments Today LevelUp adds another $9M to its coffers. Tags: Mobile Marketing, Mobile/Virtual Wallet, POS, Restaurants, Retail. August 2, 2012. Boston-based mobile payment startup LevelUp has snagged an additional $9 million in funding. The company announced that ... See all stories on this topic » |
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| IBM recommends mobile payment systems for Accra residents ... By emma Technology company, IBM says it has made recommendations to help the country's capital, Accra to maximize income from city services and one of the. Ghana Business News | ||
| Future Growth Potential of Mobile Money in China: Market Profile ... By admin The country is also recording an increasing uptake of contactless mobile payment services with NFC being the primary technology adopted for this implementation of this service.The mobile payment initiative is further driven by initiatives ... Healthcare Store Online | ||
| Near Field Communication (NFC) Services Go Li... « Blog ... By Lester Chan Singapore, 3 Aug, 2012 – The consortium led by Gemalto today announced its readiness to launch mobile payment services using the Near Field Communication (NFC) technology. Supported by the Infocomm Development Authority of ... Lester Chan's Website | ||
| Mobile payment network LevelUp adds $9m from corporate venture ... By Benjamin Chambers Mobile payment network LevelUp adds $9m from corporate venture firm T-Venture. AltAssets Private Equity News | ||
| Mobile wallet makeover positions Google higher in NFC race ... By Rimma Kats Mobile payment advancements. Google decided to make its mobile wallet universal after getting feedback and requests from its users. Google Wallet is currently available on six devices from Sprint and Virgin Mobile, as well as the new Nexus ... Mobile Commerce Daily | ||
| TSM Qualification enables First Data to support financial institutions ... By krowne "Being one of the first brands to pilot NFC wallets and to issue mobile payment stickers, Discover now has a TSM qualification process that provides our partners with confidence that the platform powering their NFC-based products is ... Contactless Intelligence | ||
| Street Fight Daily: FiveStars, LevelUp Raise Double-Digit Funding ... By The Editors Mobile payment service LevelUp, an off-shoot of Boston-based SCVNGR, announced this morning that it has raised $9 million from T-Venture, the venture capital arm of Deutsche Telekom. LevelUp users can pay with their mobile device of ... Street Fight | ||
| "MDM offers a holistic approach to security" - CXOtoday.com By Pankaj Mishra As the market sees the evolution of concepts such as Bring Your Own Device (BYOD), social networking, mobile payment and e-commerce, mobility has become mainstream for nearly all enterprises. Owing to the complexities in the mobile ... RSS Feed - CXOtoday.com | ||
| Venture capital deals - The Term Sheet: Fortune's deals blog Term ... By Dan Primack SCVNGR, a Boston-based developer of the LevelUp mobile payment system, has raised $9 million in additional Series D funding from T-Venture. VentureWire reports that the valuation was $172 million. The round now stands at $21 million, ... Fortune Finance: Hedge Funds,... | ||
| The Cashless Society By Scott Pape The mobile payment revolution has already begun. According to Google, there are more mobile phones in the world than there are dunnies. And last week a Deloitte report forecast that within five years, two and a half billion people will ... The Barefoot Investor | ||
| LevelUp Raises Additional $9M | FinSMEs By FinSMEs LevelUp, a Boston, MA-based mobile payment network, has raised an additional $9m in venture capital. Backers in the funding, which is the second part of a larger round and brings the total raised to just more than $21m, include T-Venture. FinSMEs |
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| Mobile Payment System Company Secures $9M in Financing ... LevelUp, the world's first "interchange zero" payment network, announced today that it has raised an additional $9 million in venture capital from Deutsche ... www.qsrmagazine.com/.../mobile-payment-system-company-s... | ||
| Google fattens its Wallet and amps up mobile payment rivalry with ... Google has added security features to its Google Wallet, an app that now supports all credit and debit cards from Visa, MasterCard, American Express and ... upstart.bizjournals.com/.../google-wallet-supports-more-plastic... | ||
| Mobile Payment Processing - Aramor Payments Aramor Payments is a Canadian payment solution provider specializing in credit card processing, mobile payments, eCommerce sales, and integrated kiosks. www.aramorpayments.com/mobile-payment-processing.php | ||
| Starbucks Enables Mobile Payment for Canadian Android Users ... If you live in Canada, own an Android phone and have a passion for Starbucks, you're in luck. Starbucks has changed its app to allow Android users to make ... www.omeganetworksolutions.com/starbucks-enables-mobile-p... | ||
| Guest post: Top mobile payment apps | Technology news blog ... Mobile payment apps are here to stay and are an excellent alternative to using cash or credit cards. So which app companies are leaders in the industry right ... technewsarm.com/2012/.../guest-post-top-mobile-payment-ap... | ||
| Partnerships to be Part of Successful Strategy in Mobile Payment ... Near Field Communication (NFC), the promising mobile (m)-payment technology, has not created the revenue-generating opportunities the telecom industry ... www.frost.com/srch/open-ctlg-hit.do?Src=RSS&catId... | ||
| IBM recommends mobile payment systems for Accra residents ... Technology company, IBM says it has made recommendations to help the country's capital, Accra to maximize income from city services and one of the ... www.ghanamma.com/.../ibm-recommends-mobile-payment-sy... |
American Express Did Not Agree to Join Google Wallet
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 Gotta Be Mobile Perhaps, though, the bigger issue with NFC-enabled mobile wallet payments is that American Express is working on its own system and doesn't want its cardholders to be confused with a potential American Express NFC wallet and Google Wallet. For now ... See all stories on this topic »
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| Long Island Rail Road tests NFC posters NFCNews (blog) The pilot kicked off in June with a test phase involving 100 selected Port Washington Branch customers simply making "taps" on the touch points, with no fare payments transacted, according to MTA. Other stations receiving the posters include Great ... See all stories on this topic » |
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