Showing posts with label NFC Mobile Payments. Show all posts

Monday, June 6, 2011

NFC Payments Europe June 13-14 in London

Overcome barriers to commercial rollout at Europe’s first ever event focused on successful and scalable NFC payment solutions

The NFC payments space is hotting up, key deals between financial institutions and MNO’s are being made, standards are set, and with large tech players such as Google and Apple are making announcements, It’s clear now is the time to move…

NFC Payments Europe conference and Exhibition has been developed to offer you a clear path to develop NFC payments as a commercial proposition and to provide you with the contacts your business needs to do this.

The event will:

Unravel interoperability between banks and MNOS’s - hear frank discussions on who has the power and how these two key parties can work together to move the market forward
Move beyond the pilot, and gain real case studies - examine how MNO’s and banks have worked together to actually deliver NFC payment services on a commercial level, avoid pitfalls and map out successful strategies.
Look across country divides - see how European counterparts have successfully signed agreements and rolled out initial stages of commercial payment schemes
Get to grips with the business case for each player in the ecosystem - see how all players can carve out strong profit strategies and map out a workable and profitable roadmap for 2011 and beyond

And more key insights on who owns the consumer, SIM vs Handset, NFC security, international transfers and the future benefits and possible NFC rollouts.

The event will launch in earlier 2011 so check this website again soon for updated information. Or to be the first to receive the full conference brochure and benefit from special early bird discounts Request more information now!

This is the only event in Europe to unite Banks, Payments, Mobile Operators, Handsets providers and chip providers all intent on unleashing the industry’s rich profit potential.

We’re currently working on the agenda for this event and we’d be keen to hear your ideas for topics and speakers. Get in contact now and you’ll be able to play a part in shaping of this unique event. Please email david@nfcinsight.com with your ideas for topics and speakers.

Click here to request more information

Friday, May 20, 2011

NFC Resources: White Papers, Analyst Reports and Videos

White Papers

Alternatives for Banks to Offer Secure Mobile Payments

Mobey Forum has released a white paper which examines the role of the secure element in advancing the mobile financial services ecosystem.

Executive Summary
Security is one of the fundamental elements of any payment solution. Financial Institutions increasingly seek to mitigate the risk of fraud in order to protect their customers and hence their own payment franchise. Enhanced security on plastic cards requires a so-called "Secure Element (SE)" - like a chipcard - to store the bank's payment credentials (security keys) and other critical data. One example is the introduction of "Chip and PIN" (EMV chip-based security) on cards in Europe to replace magstripe-based systems. While the direction for plastic cards seems clear, the Industry is looking for ways to secure Mobile Payments at a comparable level. The question is then, which SE in the mobile handset is available to facilitate the mass-market introduction of secure
mobile payments? Mobey Forum has taken this topic as a subject of the current White Paper. It elaborates on the question how different Secure Elements (SEs) can enable Financial Institutions (FIs) to offer Mobile Financial Services (MFS) and hence empower the take-off of the MFS ecosystem. It is targeted at business managers in Financial Institutions. For them, it strives to clarify the business implications of the various technical SE alternatives.

The Benefits of Mobile NFC for Air Travel

GSMA and IATA have joined forces to develop this initial common understanding of the opportunities that mobile NFC could bring to the air-traveler.

This document identifies the benefits that Universal Integrated Circuit Card (UICC, also known as the “SIM card”)-based, mobile Near Field Communications (NFC) services can bring to the airline industry, airport authorities and the air-traveller. GSMA and IATA have joined forces to develop this initial common understanding of the opportunities that mobile NFC could bring to the air-traveler. This forms the basis for future collaboration to
develop the ideas and concepts presented in this document. Six different use cases have been defined where mobile NFC can bring great benefits to the airlines, airport authorities and the airtraveller, namely:

 Passenger check-in
 Baggage check-in
 Security check-point
 Lounge access
 Boarding
 Post-flight

Each use case is introduced and the benefits to each party defined.This will form the basis of further, more detailed, collaborative work to be conducted by GSMA and IATA. The primary focus of the white paper is on the improvements brought by mobile NFC to airline and airport operations and the benefits that innovative services can bring to the customer’s journey

Trusted Service Management: The Key to Accelerating Mobile Commerce
As major players struggle to define their roles in the emerging mobile commerce ecosystem, how they enable one critical service will make all the difference between slow and rapid acceptance of mobile commerce by consumers.
NFC (Near Field Communication) chip: NFC chips enable mobile devices to send account information to contactless payment readers at customer check-outs and other points of sale. These NFC chips can also read
information stored in contactless-enabled tags placed on objects such as advertising collateral and consumer products
Secure element: The secure element is a smart card module (USIM, embedded secure element or separate secure element like a secure SD memory card) used for storing and accessing applications and data in a
secure manne

Mobile payments – Keep Moving
Capgemini presents an approach for financial institutions to seize the opportunities presented by emerging mobile payment technologies.

Mobile Retail Initiative
In order to help retailers adapt to the new technology, the National Retail Federation has launched its Mobile Retail Initiative to offer best practices and learning opportunities for retailers entering the mobile space.

Proximity Mobile Payments: Leveraging NFC and the Contactless Financial Payments Infrastructure
Smart Card Alliance: Now, virtually every industry group involved in the transaction chain is investigating the use of mobile payments. And mobile payment will soon be a standard transaction method for payment in many North American merchant locations.

European Payments Council (EPC) publishes NFC white paper
EPC has published a white paper which examines the ways in which NFC technology could be used to deliver compatible mobile phone-based payments services across the 32 countries of the Single Euro Payments Area (SEPA).

Near Field Communication Forum’s White Paper on Use of NFC in Public Transport
Produced by NFC Forum members who are involved in the transport ecosystem, the 33-page illustrated White Paper will be of interest to transport operators, transport authorities and other stakeholders, offering an introduction to the potential uses, benefits, and setup of NFC technology in public transport programs.

Analyst Reports

Mobile Payments: 2010 to 2014

The 110-page report explores how stakeholders can unite to exploit this growth market and substantially increase revenues in the coming years.

U.S. Mobile Payments: The Time Has Come
A new report from Aite Group provides a roadmap to mobile payments in the United States.

Lessons from the Mobile Payments Leader: What the World Can Learn from the Japanese Market
Using the Japanese model, Celent identifies ways for the US and other countries to learn how to lay the groundwork for faster, more successful implementations of mobile NFC payment solutions.

Cell Phone Mobile Payment Market Set for Take Off
Global usage of near field communication (NFC) technology in cell phones is expected to begin an explosive growth phase starting next year, paving the way for a boom in the mobile payments business.

Case study: Mobile payments – Keep moving
Mobile payments are a hot topic of conversation right now. One of the major international card providers, Visa Europe, has added its significant weight to the discussion by announcing a tie-up with mobile payments specialist, Monitise.

Videos

iPhone 5 & NFC

Tapped-In: PayPal Aces Mobile Payments

VeriFone CEO on Securing Mobile Payments

Starbucks Mobile Payment Live Demonstration

Tuesday, April 19, 2011

Payments News Roundup April 1-15th

ONLINE AND MOBILE PAYMENT SYSTEMS

NFC Data Introduces Encrypted NFC Reader/Writer and Viewer
The anticipated proliferation of Near Field Communication technology has prompted a fledging company to create a device that features contactless functionality consumers would use to make payments, store loyalty cards, and communicate with NFC-enabled smartphones and posters. NFC Data Inc.’s Sqwizz device is a key fob that looks similar to popular small MP3 music players. The front of the device features a light-emitting diode screen and scroll buttons to navigate a menu. The back has a secure PIN pad consumers would use as a security measure to access and use the device’s multiple areas.
Isis outlines US contactless m-payments pilot; Sprint preps rival service. AT&T, Verizon and T-Mobile say their mobile commerce joint venture will begin piloting its contactless payments technology in Salt Lake City in early 2012. Meanwhile, Sprint Nextel, which is not part of the JV, hopes to beat its rival telcos to the punch by rolling out a similar service by the end of the year.

With Payfone, AmEx Bolsters Its Mobile-Payments Initiative. Displaying its newfound mobile-payments fervor for the second time in just over a fortnight, American Express Co. on Wednesday announced it was investing in a startup called Payfone Inc. and would integrate Payfones technology with its new Serve mobile-pay platform. Founded in 2008, New York City-based Payfone uses a consumers mobile-phone number to authorize purchases. Its system potentially could make it easier for AmEx to capture more payment transactions and expand abroad, especially where conventional payment cards are scarce.

Secure Vault Payments Will Go Mobile Later This Year with Bar Codes, Exec Says. The new application will rely on so-called Quick Response (QR) bar codes to interact with users handsets. Users will then be able to pay from their checking accounts using SVP, a system that lets consumers pay billers or merchants by authorizing automated clearing house transactions. Once the user has scanned a QR code for SVP displayed on a bill or on a screen, his handset will take him to an authentication page, says Brierley-Jones. This method mimics the existing SVP flow for e-commerce transactions, in which consumers selecting SVP at checkout are directed to a page where they enter their online-banking credentials and then authorize a transaction they want to do with an online merchant.

Visa Boosts Spending Visibility and Makes Compliance Easier for Businesses. Visa IntelliLink Compliance Management converts commercial card transaction data into information that card program managers at government agencies and private sector enterprises can use to minimize and deter commercial card misuse, such as using cards for personal expenses. A complement to the Visa IntelliLink product suite, this new service gives organizations a more detailed view of commercial payment program data, complementing existing card management and issuer reporting systems for a 360 degree view of commercial payment solution activity.

BANKS AND BANKING

La Caixa introduces contactless ATMs. Instead of inserting their cards in a slot in the ATMs, customers tap their contactless plastic against a reader and enter their PIN.
CREDIT, DEBIT, GIFT & PREPAID CARDS
Bridge2 Solutions Adds Virtual Gift Card Delivery Giftango Selected to Power Solution. Giftango Corporation, a virtual eGift card company, will power virtual gift card delivery for Bridge2 Solutions. Giftango fulfills virtual gift cards through incentive and loyalty channels.
How POS Cash Back on Debit Is Crimping ATM Transaction Growth. The Fed, which asked respondents for data for 2006 to 2009, says point-of-sale debit transactions, both of the signature and PIN variety, grew at a compounded annual rate of 14.8% in the study period. PIN debit, which accounts for the overwhelming majority of cash-back transactions at the point of sale, grew 15.6% to 14.5 billion transactions in 2009. About one in 38 total debit transactions included cash back.
Prepaid Programs Reshape Healthcare. The Centers for Medicare and Medicaid Services (CMS) does allow health plans to issue payment cards to seniors for the purchase of OTC items at drug and grocery stores, but only if the retailer can identify the eligible items and limit the payment card to those items. Retailers have a significant interest in working with the health plans and in most cases have point-of-sale systems capable of identifying and netting out the eligible products, but until recently no such card solution existed.
E-Gift Cards Breathe Life Into Closed-Loop Market. In recent years, the open loop gift card market has grown swiftly while its closed loop counterpart has been stagnant. Last year, the Mercator Advisory group said the closed loop card market would grow at a compound annual rate of 26.7 percent over three years, but over the past few years that segment has seen only about 1 to 2 percent growth annually.
Wells Fargo to Pilot EMV Chip Technology for International Travelers. Wells Fargo & Company (NYSE:WFC) is piloting the Visa Smart Card, which includes the traditional magnetic stripe along with EMV chip technology, helping increase card acceptance worldwide. The pilot is the industrys first chip program by a national bank and includes 15,000 Wells Fargo consumer credit card customers who travel internationally.

SECURITY BREACH

Legal eagles present a relatively soft target with troves of valuable corporate intelligence that cyberspies crave. Attackers find law firms an attractive and relatively soft target for gathering the intelligence they want on a new weapons system or software, for example. Firms that represent clients in mergers and acquisitions, or civil litigation, are getting hit, including when their clients are involved with deals involving Chinese companies.

Better Business Bureau Warns Of First Phishing Attacks In Wake Of Epsilon Breach. If you are a customer of one of the companies that had email data stolen, the BBB is warning you to be on the lookout for phishing emails. An email sent from a fake “Chase Bank,” one of the companies whose data was compromised, warns that “your account will be deactivated or deleted if you do not update your profile immediately.” The email instructs you to update your account by clicking on the link provided. “Although the email sounds urgent since it appears to be from your bank, do not click on the link and input your bank account number or social security number.

Phishing email titled ’2011 Recruitment Plan’ hit RSA user inboxes, stole user credentials — but no word on exactly what the attackers grabbed. Turns out the targeted attack that exposed RSA’s SecurID technology started with one of the oldest tricks in the book: a phishing email with an infected attachment, according to new details revealed today by RSA and security analysts.