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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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February 28, 2019
MIT Technology Review

Stick-on sensors will let premature babies get the skin contact they need

Babies born too soon have to be closely monitored, but all that equipment stops parents from getting close. A new wireless sensor could help. More than one in 10 babies are born too early. Small and fragile, they often need to be kept warm and monitored closely, usually in a hospital incubator. It’s a sight that pulls at the heartstrings: a tiny premature baby in a nest of wires, surrounded by equipment. But a new monitoring system could make those wires redundant. It relies on two ultra-thin patches, measuring just a few centimeters across, that are attached to the baby’s chest and foot.

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February 27, 2019
IoT Agenda

Wirelessly charge your IoT devices with your smartphone

According to Gartner, there are over 36 million IoT devices in the world, and soon many of them will be able to be wirelessly charged with the near field communication technology found in smartphones, tablets and any NFC-enabled device. Simply hold an IoT device, like a Bluetooth headset for example, near a smartphone and the headset can be recharged wirelessly. This innovation won’t replace device chargers, which charge more powerfully, but if you’re on the road, at the beach or anywhere you don’t have access to a charger, it is a great alternative.

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February 25, 2019
Future Market Insights

Meeting Advanced Connectivity Demands in Automobiles with NFC Integration

Technology has brought significant changes in the field of communication, which include the development of next-gen communication solutions. This has strengthened the connectivity and the ability to integrate devices in various application sectors. While technology is being incorporated in several end-use industries for the purpose of boosting communications, the ever-growing automotive ecosystem has witnessed increasing adoption of next-generation wireless communication, sensor technology, near-field communication (NFC), automotive radars, and others.

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February 15, 2019
RFID Journal

Electronic Components Firm Releases NFC-enabled Wireless Charging System for Cars

ROHM’s Qi-based wireless charging solution for car manufacturers will come with NFC reader technology from STMicroelectronics, to identify and protect NFC cards or other devices from destructive charging transmissions, while allowing pairing or security functionality with NFC-enabled phones.

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