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Tag - Nfc
Apple Pay is now available at two million locations worldwide, according to a new report, in a year that should see rapid expansion of compatibility as US merchants update to point-of-sale (POS) terminals that support both mobile payment options and the new "chip-and-PIN" EMV debit and credit cards. A new Bloomberg article notes that a number of US chain restaurants and retailers will be adding Apple Pay and other NFC-based payment options to their stores, including Au Bon Pain, Chick-Fil-A, and Crate & Barrel.
A new report confirmed by the head of Wells Fargo's ATM division suggests that at least two large US banks are working on adding NFC secure payment functionality to automatic teller machines, giving customers the option of simply waving their smartphone or Apple Watch to use Apple Pay-style authentication rather than the traditional debit card insertion and PIN confirmation entry. The system will also support other mobile wallets, and is being tested with Android Pay currently.
Swatch is releasing an analog watch in the United States, Brazil, and Switzerland that will perform mobile payments, following a launch in China. After making a deal with Visa, the Swatch Bellamy will be less of a smartwatch and more a designer timepiece with NFC built into it, allowing it to perform payments with NFC-equipped mobile terminals, but without requiring the device to be connected to a smartphone.
Apple has become a sponsor member in the NFC Forum association, which puts on the NFC World conference and is the leading trade organization for Near-Field Communication advancement. The group promotes and participates in other related technologies as well, such as QR, iBeacons, Bluetooth Low Energy, digital watermarks, augmented reality, biometrics, acoustics, bio-sensors, and light-based communications.
Google is finally ready to enter the mobile payment arena, today introducing a payment platform known as Android Pay. The platform will be available via an API framework, with support for NFC and biometric authentication, allowing developers to creatively integrate the feature into a wide range of third-party apps. Android Pay appears to offer many of the same capabilities as Google Wallet, but without relying solely on Google's own app and implementation scheme.
An internal memo at bakery cafe chain and Apple Pay launch partner Panera Bread has confirmed that Apple intends to launch the e-payment system on October 20, and that training is underway throughout the chain, which plans a massive promotional campaign to let customers know it can accept mobile payments using Apple Pay or other NFC-based e-wallet systems. A one-minute video and a FAQ sheet are among the training materials front-line Panera employees will need to get up-to-speed on the new system.
Ahead of an expected announcement of an Apple-led mobile payments solution, there have been new reports that prominent retailers such as Disney Stores, McDonald's and Apple's own retail stores have joined the ranks of businesses receiving new, upgraded NFC readers and iBeacon sensors as required. The system, if successful, could offer a future alternative to the planned move to a "chip and PIN" credit- and debit-card system already widely in use in Canada and Europe.
Apple is starting a pilot program that will form partnerships with merchants, possibly involving a rewards program for its mobile payment system, sources say. One of the informers indicates that the InterContinental Hotels Group is one party involved in talks. The sources also remark, however, that Apple has only just begun hiring towards the project, and that while it could be announced tomorrow, it might be postponed until more partners have been signed and media coverage moves beyond iCloud's celebrity photo leaks.
Apple's NFC-based mobile payments system will use tokenization, sources claim. The technology involves substituting debit and credit card numbers with complex, one-time codes. In theory, this ensures that even if transaction data is intercepted, it can't be used again. Tokens also have potential beyond payments, extending to areas like transit passes or physical security.
The Apple iWatch will come in two sizes, and use a curved OLED display, say sources for the Wall Street Journal. The people add that it will also include a variety of health and fitness sensors, and an NFC chip, like the iPhone 6. "NFC wireless is central to Apple's plans to incorporate so-called tap-to-pay into its mobile devices, allowing users to pay for goods and services using credit cards stored with iTunes," the Journal claims.