In-Depth: Persistent Consumer Security Fears about Mobile Payments Prove Difficult to Dislodge

By:  Dan Balaban NFC TIMES Exclusive Insight – Results of yet another survey has shown that a significant percentage of U.S. consumers continue to harbor security fears about using their smartphones for payments, a stubborn problem that has hindered growth of mobile payments from the beginning. Related stories, automatically selected:  Research Firm Projects Use of NFC…

Mobile Suica Still Accounts for Disappointing Share of Suica Users and Transactions in Japan

By:  Dan Balaban NFC TIMES Exclusive – While Apple Pay next month will mark the 5th anniversary since its launch in the U.S., there is another contactless-mobile payments service that is three times as old as Apple Pay–Japan’s Osaifu-Keitai, or wallet phones, which this year turned 15.  Related stories, automatically selected:  Launch of Apple Pay in…

Rome Latest Transit System to Launch Open-Loop Fare Collection; also Enables Monthly Passes with EMV Cards

By:  Dan Balaban NFC TIMES Exclusive Insight – Rome has become the second major city in Italy–and one of a small but growing number of large cities globally–to enable riders to pay transit fares with EMV contactless credit, debit and prepaid cards and NFC devices. Related stories, automatically selected:  In-Depth: NFC Wallet Use for Open-Loop Transit…

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…

In-Depth: Fit Pay’s Troubles Indicate Difficult Business Case for Provisioning to Wearables

Sep 5 2019 By:  Dan Balaban NFC TIMES Exclusive Insight –  Given the poor financial results of U.S.-based Fit Pay, it’s becoming clear that the business case for provisioning of payment cards to wearable devices remains difficult. Related stories, automatically selected:  In-Depth: Garmin Pay Provisioning Company Fit Pay Hopes to Build on Early Lead with Spin-Off,…

UK Tram Riders Take to Tapping with NFC phones to Pay for Fares, According to Early Results

By:  Dan Balaban NFC TIMES Exclusive – Transport for Greater Manchester, which last month launched open-loop payments on its large Metrolink tram network, said Thursday that contactless credit and debit cards and NFC wallets accounted for a combined 170,000 rides during the first four weeks of the service. Related stories, automatically selected:  In-Depth: Five Years…

In-Depth: Despite New York’s Skewed Early Figures, NFC Wallets Still Make Up Relatively Small Share of Open-Loop Transit Payments

By:  Dan Balaban NFC TIMES Exclusive – When New York City transit officials announced Tuesday that the 1 millionth ride paid for through their new OMNY open-loop payments service had arrived ahead of schedule, they also proudly noted that 80% of the contactless payments had come from NFC wallets, not physical bank cards.  Related stories, automatically…

In-Depth: NFC Wallet Use for Open-Loop Transit Grows but Still Makes Up Relatively Small Share of Contactless Payments

By:  Dan Balaban NFC TIMES Exclusive – When New York City transit officials announced Tuesday that the 1 millionth ride paid for through their new OMNY open-loop payments service had arrived ahead of schedule, they also proudly noted that 80% of the contactless payments had come from NFC wallets, not physical bank cards.  Related stories, automatically…