Pointing to how near field communication mobile payments continue to grow, Toys “R” Us recently reported that it has seen 23,000 individual transactions in the first three month since becoming an Isis merchant.
Articles Tagged ‘NFC’
Sberbank, the largest bank in Russia, will soon begin testing Host Card Emulation for mobile payments, making it the largest bank so far to embrace the burgeoning solution for making tap-and-go payments more widely available.
While mobile-enabled contactless payments have been lagging, this could soon change, with more than 50 percent of wallets in developed markets – and more than a third globally – expected to rely on contactless technology by 2018, according to a new report from Juniper Research.
TD Canada Trust gets a leg-up on competitors as the first North America bank to offer mobile payments across all three of Canada’s carriers.
Apple is reportedly introducing a new mPOS system in its own retail stores, possibly signaling its intention to introduce a solution more broadly in the market.
During the 2014 Tribeca Film Festival in New York, an out-of-home promotional campaign using near-field communication technology saw fans seeking free tickets tap promotional posters 8,195 times with 1,156 unique mobile devices.
The battle is on to transform the in-store shopping experience leveraging mobile technology, with host card emulation-enabled near field communications and Bluetooth Low Energy beacons at the forefront.
Google Wallet users will now be able to access Google Wallet Instant Buy via Sionic Mobile’s ION Rewards application, getting rid of the wallet’s dependence on near-field communication and switching over to bar codes.
Best Buy and 7-Eleven have announced that they will be shutting down their near-field communications capabilities in their retail locations, pointing to further struggles for NFC-based mobile payments.
Following Target’s recent data breach, the retailer announced plans to speed up its transition to the chip-based payment standard called EMV, a move that could give mobile payments a boost.