New findings from Juniper Research claim that the value of digital and physical goods purchased through mobile “OS-Pay” platforms will increase by fifteen times in the next two years. A combination of in-app purchases and website retail payments is projected to drive annual spend via Apple Pay and Android Pay to $8 billion in 2018, up from $540 million this year.Read more »
Panasonic Automotive & Industrial Systems Europe is launching a new short-range, Bluetooth low energy and NFC combo module for implementing Bluetooth functionality into various electronic devices. Based on a leading edge Toshiba SoC, the cost-effective PAN1761 Series supports both Bluetooth low energy functionality v4.1 and NFC through a NFC Forum Type 3 compliant tag.Read more »
Convenience. Better security. Energy savings. Healthcare and fitness tracking. The internet of things is already providing these benefits to those who have invested in wearables, connected security systems, thermostats, lighting and a growing number of commercial applications. According to Juniper Research, over 38 billion connected devices will be in use three years from now.Read more »
In the Internet of Things, anything that can be connected will be connected
That now even holds true for bottles of rum.
Absolut Vodka, which ships around 100 million bottles a year, was experimenting with connecting bottles last year, as I wrote about here at the time (‘Agency Of Things’ Aims To Connect Brands).Read more »
Next generation iPhone owners in Japan may soon be able to use their smartphones to pay for train, subways, and bus rides. Bloomberg reports that Apple is planning to add FeliCa technology — the wireless standard used by Japan’s mass transit systems to accept payments — to its next iPhone, allowing users to store virtual pay-as-you-go passes in their Wallet app, and touch their phone to station barriers to travel.Read more »
It was exactly a year ago today that Samsung Pay launched. Of course, it only launched in South Korea and then the US, now it is available in a few more countries. Samsung Pay has seen some pretty impressive success over its first year of being around. The biggest reason for that is the marketing that Samsung has, as well as the ease of use for Samsung Pay. The company bought LoopPay before they launched Samsung Pay. And in that purchase they got their hands on some MST technology. This allows Samsung to be able to use their contactless payment service just about anywhere, without merchants needing to upgrade their terminals. Meaning that just about every store, or restaurant were immediately compatible with Samsung Pay.Read more »
The EMV Technical body EMVCo has announced that it has implemented a formal approval process to confirm that contactless mobile payment-enabled devices can operate seamlessly with EMV Level 1-approved payment acceptance terminals.
According to a press release, this is the first time that EMVCo has provided formal certification for contactless mobile payment devices.
The new approval process incorporates Level 1 tests traditionally managed by the individual payment systems, bringing efficiencies to the process and reducing time to market, the release said.
Read more »
EMVCo has introduced a formal industry testing and certification process for contactless mobile payment devices. The new process “incorporates Level 1 tests traditionally managed by the individual payment systems,” the payments standards body says, “bringing efficiencies to the process and reducing time to market”.Read more »
More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals. 72% expect to be equipped to accept NFC mobile payments by the end of the same year, with 68% planning to accept only one or “very few” types of digital wallets.Read more »
Increasing Adoption of NFC to Create Opportunities for the Global Mobile Wallet Market until 2020, Reports Technavio
LONDON–(BUSINESS WIRE)–Technavio analysts forecast the global mobile wallet market to grow at a CAGR of 34.58% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global mobile wallet market for 2016-2020. The report considers the total revenue generated from retail transactions sourced through mobile wallets. These transactions, include m-commerce, mobile ticketing and coupons, money transfer, and micropayments.Read more »
While pundits have been promising for years that we’ll soon be able to leave our wallets at home and pay for everything via our cell phones, mass adoption of mobile, digital payment systems hasn’t yet taken hold. But the numbers are improving every year, and a new report from Park Associates finds that more than 25 percent of U.S. smartphone owners use payment apps at least once a month.Read more »
A new version of Android Pay seems to be en route to devices at the moment, version 1.5. However, on the face of it, there does not seem to be too much included at the end user level. Although, buried in the app are some nice indications of one particular feature which will likely be on its way to Android Pay in the future. Information on where your device’s NFC antenna is located.Read more »
Rather than adopt Apple Pay or some other NFC-based payment service, CVS just launched a mobile payment solution of its own. “It’s aptly called CVS Pay, and it shows a barcode on the phone screen that the pharmacy can then scan to ring up your purchases, so long as you link a credit or a debit card to it,” Engadget reports.Read more »
Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), continues to give workers the competitive edge necessary to increase productivity and improve workflow while saving time, energy and resources with the introduction of the multifunction printer bizhub C658 series.Read more »
Samsung Pay users are being offered rewards via a new introductions promotion called the High Five Referral program, which credits their account with US$5 every time a customer they referred to the mobile payment app makes a first qualifying purchase.Read more »
Hampshire, UK – 8th August 2016: A new study from Juniper Research has found that the global value of contactless POS (point of sale) terminal transactions, conducted in-store via cards, mobile and wearables, will approach $500 billion annually by 2017; this is up from an estimated $321 billion this year.
However, the low value nature of contactless payments means that it will only represent just 5% of the total value of all POS transactions in 2017Read more »
The NFC Forum announced today the release of a fun, fast-moving animated 80 second video titled “What is NFC?” The educational and shareable video shows how, with one tap of an NFC-enabled mobile device, NFC can make daily life easier and more connected. https://www.youtube.com/watch?v=8q9iISSRx7kRead more »
WAKEFIELD, Mass., USA – July 20, 2016 – The NFC Forum announced today the release of a fun, fast-moving animated 80 second video titled “What is NFC?” The educational and shareable video shows how, with one tap of an NFC-enabled mobile device, NFC can make daily life easier and more connected. The video can be used in presentations and shared directly from YouTube: https://www.youtube.com/watch?v=8q9iISSRx7kRead more »