NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, near field communication (NFC) and contactless, and beyond Fri, 06 Dec 2019 15:28:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.3 https://www.nfcw.com/wp-content/uploads/2019/07/cropped-nfcw-favicon-white-001-32x32.png NFCW https://www.nfcw.com 32 32 37289602 Canadian credit unions add Google Pay support for domestic debit cards https://www.nfcw.com/2019/12/06/365211/canadian-credit-unions-add-google-pay-support-for-domestic-debit-cards/ Fri, 06 Dec 2019 13:58:38 +0000 https://www.nfcw.com/?p=65211 “The Canadian Credit Union Association (CCUA) announced today that Access Credit Union (MB), Affinity Credit Union (SK), Assiniboine Credit Union (MB), Innovation Credit Union (SK), Prospera Credit Union (BC), Servus Credit Union (AB) and Steinbach Credit Union (MB) are the first credit unions in Canada to launch Interac Debit on Google Pay.”

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JPMorgan Chase to tokenize open banking permissions https://www.nfcw.com/2019/12/06/365209/jpmorgan-chase-to-tokenize-open-banking-permissions/ Fri, 06 Dec 2019 13:51:18 +0000 https://www.nfcw.com/?p=65209 “Envestnet I Yodlee is committing to send 100% of its requests for Chase customer data through the bank’s secure API (application programming interface). This will ensure the apps can receive Chase customer data they need while customers control what’s shared with whom…. Because the secure API uses a token-based approach, customers will no longer need […]

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One in three Canadians make mobile contactless payments ‘on a regular basis’ https://www.nfcw.com/2019/12/06/365207/one-in-three-canadians-make-mobile-contactless-payments-on-a-regular-basis/ Fri, 06 Dec 2019 13:35:31 +0000 https://www.nfcw.com/?p=65207 “Contactless payments grew 30% year over year from 2017-2018 with a total of 4.1bn contactless payments (card and mobile) worth CA$129.9bn (US$98.58bn) at the point of sale (POS)… Mobile devices were used by nearly 35% of Canadians for contactless payments on a regular basis in 2018.”

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WeChat Pay lets users charge in-store mobile payments to their credit card https://www.nfcw.com/2019/12/06/365205/wechat-pay-lets-users-charge-in-store-mobile-payments-to-their-credit-card/ Fri, 06 Dec 2019 13:27:07 +0000 https://www.nfcw.com/?p=65205 “If you don’t have sufficient eWallet balance, you can now pay directly via your assigned credit card… To make a payment at a store, tap on ‘Me’ in the WeChat app and select WeChat Pay > Quick Pay. On the QR code screen, just tap on ‘Balance’ to change your payment mode from your eWallet […]

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TransLink issues Compass Card key fobs https://www.nfcw.com/2019/12/06/365203/translink-issues-compass-card-key-fobs/ Fri, 06 Dec 2019 13:13:20 +0000 https://www.nfcw.com/?p=65203 “The launch of Compass Mini is a part of our commitment to enhance the customer experience,” CEO Kevin Desmond said in a news release. “Compass Wristbands have been a real hit and I’m sure customers will enjoy the convenience and practicality of the new Compass Mini.”

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Merivale to let Sydney diners tap table tags to order food and drinks https://www.nfcw.com/2019/12/05/365196/merivale-to-let-sydney-diners-tap-table-tags-to-order-food-and-drinks/ Thu, 05 Dec 2019 17:30:11 +0000 https://www.nfcw.com/?p=65196 “The app uses a beacon and near field communication technology (NFC) to order and pay for your meal on your phone while you’re at a restaurant, cutting out the process of having to flag down a waiter.”

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Zhengzhou Metro rolls out face scanning across its subway network https://www.nfcw.com/2019/12/05/365194/zhengzhou-metro-rolls-out-face-scanning-across-its-subway-network/ Thu, 05 Dec 2019 15:03:01 +0000 https://www.nfcw.com/?p=65194 “Since the service began trials in September, nearly 200,000 commuters in Zhengzhou have elected to authorise face-scan payments using a local metro service app… While Zhengzhou is among dozens of Chinese cities to introduce such trials, it is the first to deploy the service across its entire subway network.”

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PCI publishes CPoC standard for accepting contactless payments on off-the-shelf NFC devices https://www.nfcw.com/2019/12/05/365189/pci-publishes-cpoc-standard-for-accepting-contactless-payments-on-off-the-shelf-nfc-devices/ Thu, 05 Dec 2019 14:28:03 +0000 https://www.nfcw.com/?p=65189 “The primary elements of a CPoC solution include: a Cots [commercial off-the-shelf] device with an embedded NFC interface to read the payment card or payment device; a validated payment acceptance software application that runs on the merchant Cots device initiating a contactless transaction; and back-end systems that are independent from the Cots device and support […]

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Grab to issue mobile-first numberless Mastercard across SE Asia https://www.nfcw.com/2019/12/05/365187/grab-to-issue-mobile-first-numberless-mastercard-across-se-asia/ Thu, 05 Dec 2019 14:18:22 +0000 https://www.nfcw.com/?p=65187 “The physical version of the card is completely numberless, front and back, thus averting the prospect of theft of personal and financial information… The digital GrabPay Card is available in Singapore starting today… The digital GrabPay Card will be launched in the Philippines in Q1 2020, with other Southeast Asian countries to follow in the […]

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MUFG to use digital currency for mobile payments in Japan https://www.nfcw.com/2019/12/05/365185/mufg-to-use-digital-currency-for-mobile-payments-in-japan/ Thu, 05 Dec 2019 14:09:37 +0000 https://www.nfcw.com/?p=65185 “Users will convert funds from their bank accounts or elsewhere into the digital currency using a smartphone app. The service will use this currency in transactions, which will be handled through QR codes. Money sent via the app can be moved back into an account as cash, allowing for transfers between individuals.”

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