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March 25, 2019
Cnet

Apple Pay hits 10 billion transactions in 2019

Apple customers have used Apple Pay for 10 billion transactions this year, Apple said it at its event Monday at the Steve Jobs Theater on its new campus, called Apple Park. CEO Tim Cook announced the number while promoting new Apple payment services. What’s more, 1 billion people downloaded games from App Store, and more than half a billion people visit the App Store each week, said Ann Thai, who heads products for the App Store.

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March 20, 2019
Nasdaq

The New Tamper Detection NTAG 424 DNA Tag Makes Identiv the First Tag Manufacturer to Achieve Certification in the NFC Forum Certification Program

Identiv, Inc. (NASDAQ:INVE) today announced that the company has launched Identiv NTAG® 424 DNA Tags, its new family of labels that leverage NXP® (NASDAQ:NXPI) NTAG® 424 DNA chips, strengthening Identiv’s radio-frequency identification (RFID) offerings that provide security for the Internet of Things (IoT). With the new Tamper Detection NTAG 424 DNA Tag (utilizing NXP’s TagTamper chip), Identiv has successfully become the first tag manufacturer to receive certification in the NFC Forum Certification Program.

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March 18, 2019
The Nielson Report

NFC Specification Alternative to QR Codes

The NFC Forum has released its NFC Money Transfer Candidate Technical Specification (NMT) for all NFC-enabled devices, including smartphones, readers, and tags. The specification is compatible with existing open-loop and closed-loop NFC-based payments. The NMT operates by holding a smartphone in proximity to a reader or other NFC-enabled device without preselection of a payment app by the user, a task required when making QR code-based payments. In addition, there is no need to open a camera, aim the camera, and scan a QR code.

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March 12, 2019
GlobeNewswire

Wearable Payments Devices Market To Reach USD 1121.01 Billion By 2026

The major contributing factor for the growth of the market for Wearable Payments Devices can convergence of wearable devices and e-banking, by deploying NFC technology in devices.

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March 11, 2019
QR Code Press

NFC Forum introduces NFC payments solution alternative to QR codes.

NFC Money Transfer Candidate Specification allows for simple and secure NFC-based payment solutions. The NFC Forum, a Massachusetts-based non-profit industry association and advocate of Near Field Communication (NFC) technology has launched an NFC payments solution. The solution, known as the NFC Money Transfer Candidate Specification (NMT) has been designed as an alternative to QR code-based payments that gives payment service providers and consumers the chance to take advantage of simple and secure NFC-based payment systems that already exist worldwide.

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March 7, 2019
Kiplinger

A New Way to Tap and Pay

For years, Apple Pay and other mobile wallets have offered customers the ability to “tap to pay” at the register. Now, U.S. credit- and debit-card issuers are hopping on the bandwagon. Contactless payments are typically speedier than transactions in which you insert a card into a chip reader. To use a contactless card, you hold it within a few inches of any terminal that accepts near-field communication (NFC) payments—look for a symbol with four vertical curves.

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March 7, 2019
CNBC

Coming soon: A world without cash

The U.S. is finally embracing contactless payments, which will likely accelerate the move away from cash in favor of credit, debit and mobile wallets. And it’s largely thanks to hurried commuters. As early as this spring, New York City subways and buses will enable riders to tap a contactless bank card or their mobile wallet at turnstiles, according to the Metropolitan Transportation Authority, which runs America’s largest urban transportation network.

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March 6, 2019
Verdict

NFC Forum unveils payment specification as QR code alternative

Massachusetts-based NFC Forum, a non-profit industry association that advocates NFC technology, has launched its NFC Money Transfer Candidate Specification (NMT) that aims to break the dominance of QR code technology.  The new offering is touted as a quicker and more secure alternative to QR codes. In order to use NMT, users need to tap by holding the smartphone near a reader or other NFC-enabled devices. Unlike the case with QR codes, NMT users will not have to select a payment app or use a camera or scanner.

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March 5, 2019
PYMNTS

NFC Forum Shares Specs For QR Codes Alternative

The NFC Forum, the standards and advocacy association for Near-Field Communication (NFC) technology, released its NFC Money Transfer Candidate Specification (NMT) on Tuesday (March 5), giving payment service providers and consumers the chance to use available NFC payment solutions as an alternative to QR codes.

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March 5, 2019
Digital Journal

NFC Money Transfer Specification Alternative To QR Codes Announced

The NFC Forum, the world’s leading standards and advocacy association for Near Field Communication (NFC) technology, released its NFC Money Transfer Candidate Specification (NMT) today. NMT gives payment service providers and consumers the opportunity to take advantage of the simple and secure NFC-based payment solutions already in use worldwide as an alternative to QR code-based solutions.

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March 5, 2019
MACTech

NFC MONEY TRANSFER SPEC ALTERNATIVE TO QR CODES ANNOUNCED

The NFC Forum, a standards and advocacy association for Near Field Communication (NFC) technology, has released its NFC Money Transfer Candidate Specification (NMT). NMT gives payment service providers and consumers the opportunity to take advantage of the NFC-based payment solutions already in use worldwide as an alternative to QR code-based solutions. The NMT solution improves the speed and efficiency of the payment process by eliminating the need for a camera or scanner used in QR code-based solutions, according to Paula Hunter, executive director, NFC Forum. It provides an open framework which can be easily used by payment service providers to map their already defined data exchange for QR code-based payment solutions with NFC communication.  

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March 5, 2019
Venture Beat

NFC Forum hopes NMT wireless spec will replace QR codes in Asia

QR codes have remained popular in Asia, where the square grids have long enabled smartphone camera users to instantly load websites tied to ads and product packages. Now that QR codes are also being used to facilitate financial transactions in China and Japan, the NFC Forum (via NFC World) has come up with a faster and more secure alternative.

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March 5, 2019
NFC World

NFC Forum bridges the gap between QR mobile payments services and NFC devices

The NFC Forum has released a new candidate specification that makes it easy for mobile payments services based on QR codes to add NFC functionality, giving “payment service providers and consumers the opportunity to take advantage of the simple and secure NFC-based payment solutions already in use worldwide.”

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March 5, 2019
PaymentSource

How a new NFC spec could break QR’s grip on mobile payments

It may take several more months of testing before it is deployed in a payments application, but a new money transfer specification the NFC Forum has developed carries the organization’s promise of becoming an alternative to QR-code technology. In releasing its Near Field Communication-based Money Transfer Candidate Specification, the NFC standards organization is pushing the new coding as a way for banks, merchants and wallet providers to promote a faster and more secure option for mobile payments than using a QR code, which is a popular practice in many regions of the world — including the U.S., where QR is the standard for the likes of Walmart Pay and Chase Pay.

 

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March 5, 2019
RFID Journal

NFC Forum Releases Payment Spec as Alternative to QR Codes in China

The NFC Forum has released a new money-transfer specification candidate for Near Field Communication (NFC) technology. According to the industry organization, the new spec is intended to enable the kinds of contactless-payment solutions now being offered in China and Japan via QR codes.

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March 5, 2019
Digital Transactions

The NFC Forum’s Latest Spec Is Aimed Squarely at QR Codes

Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart Inc. and Kohls Corp.

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March 5, 2019
Mobile Payments Today

NFC Forum releases specification for QR code alternative

The NFC Forum, a body that advocates for the near field communication industry, has issued the NFC Money Transfer Candidate Specification, an alternative to QR code-based payment transactions. NMT is faster and more efficient than a QR code-based transaction because it eliminates the need for a camera or scanner to capture a QR code, a forum press release said.

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March 4, 2019
USA Today

You won’t need a car key anymore with Hyundai’s new ‘digital key’ technology

Auto theft experts say that a rising number of drivers leaving their key fobs inside their vehicles is leading to increased rates of auto theft. So maybe the best solution is to eliminate the key altogether. Hyundai announced Monday that it is introducing a “Digital Key” that “allows users to unlock and start their Hyundai vehicle via their smartphone.” The system can be programmed to work with up to four phones. It will use near-field communication (NFC) technology to detect whether the approved phone is close to the vehicle’s door.

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March 4, 2019
Auto Connected Car News

NFC is the Key for Starting Hyundai Autos from Smartphones

Hyundai Motor Group announced the development of a ‘Digital Key’, which allows users to unlock and start their Hyundai vehicle via their smartphone. Replacing a traditional physical key, the new Digital Key can be downloaded via an app and used by up to four authorized people. The Digital Key can be downloaded via a cell phone application and Near Field Communication (NFC) technology detects the presence of an authorized Digital Key-enabled cellphone in close proximity to the vehicle door.

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March 1, 2019
NXP

NXP drives convenience in Chinese Access Market with “RocketXS”

Whereas 61% of the global mobile payment users are from China, China’s penetration of eLocks is still under 3% (Source: Mobile Payment Conference 2018SM Home 2017). This is partly due to a difficult lock configuration for end users, no remote key distribution and insufficient security. Nevertheless, smart eLocks have now been identified as a starter-product of smart homes to build up the basis of security. Due to China’s rapid growth in housing, a growing demand for secure and convenient products came up and the requests for digital door locks have finally taken off.

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