Late last year we spoke to, and filmed, Samsung Electronics at CARTES 2011. they were buzzing with the news that they were now looking to support NFC technology past the mobile phone interface. With inputs from both Visa Europe and the Open Source for Public Transportation Alliance (OSPT), here’s what Samsung had to say about […]
News In Brief
20.10.2014Contactless EMV and NFC demand grows; FIME sees need for additional education for VARs, ISOs and ISVs.
The U.S. migration to EMV chip payments is well underway with 120 million chip cards expected in the market by year end. Though the migration has mostly focused on contact EMV payments and acceptance to date, leading payments consultancy FIME anticipates upcoming demand for contactless EMV and NFC payments and advises the industry to consider these technologies in their EMV migration plans.
“The recent announcement of Apple Pay, Apple’s NFC-based mobile wallet, will drive consumer demand for NFC and contactless EMV payment acceptance,” said Xavier Giandominici, director of FIME America. “The question we hear most often is whether the new terminals merchants are installing for EMV will also accept contactless EMV and NFC payments. Most terminals shipped today are flexible and are capable of accepting many forms of payment: magnetic stripe, EMV contact, EMV contactless and NFC payments. However, it is up to each individual merchant to choose if they want to enable acceptance of contactless and NFC payments. These are options they should consider in project plans for EMV migration.” Continue reading...
16.10.2014 PowaTag are running a five day pilot at Tesco's Dean Street store in London.
Users can download the PowaTag and use it to pay for a lunch time meal special at the store between the 13th and 17th October. Further details can be found at their website.
We are always testing new ideas to see how we can make the shopping experience better for our customers,” Tesco is reported as saying, “We are currently conducting a week-long experiment in one store in order to see how we might speed up purchasing and reduce queuing time for customers, and will see how we could apply some [of] these learning's into future store, checkout and technology designs.”
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