Campus Cards, College and University Identification and Security

One year after nationwide launches, big three U.S. payment card brands remain bullish on contactless

Wednesday, August 23, 2006


After two-plus years of pilots in various parts of the U.S., each of the big three credit card providers rolled out their own contactless payment version last year. So, after a year in operation how are things going?

Actually, since the pat answer from all three is “very well, better than expected, etc.” the better question would be, what’s next? A lot, as it turns out, from different form factors, including watches, to use of mobile phones as a payment medium, to tapping and going your way through the New York Metro turnstile.

There are 1616 words in the rest of this article …

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MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

read more »

The STAR Network announced the release of STAR CertiFlash, a new PIN debit application designed to improve point-of-sale security using one-time card number technology. When programmed onto a contactless payment device, STAR CertiFlash encrypts each individual transaction, transmitting a card number that is good for only a single use.

read more »

Silicon Valley-based Cimbal has announced the public launch of its software-based NFC payment network. The network, which the company claims is the first of its kind in the world, enables secure payment and peer-to-peer transactions using a smart phone instead of a plastic card.

read more »

China’s GYRFID has announced the release of its new ISO14443A Mifare 1K/ Mifare 4K/ Mifare Ultralight multi-function contactless card.

The 13.56Mhz, 512bit contactless card is suitable for public transportation, payment systems, logistics, e-ticketing and more, according to GYRFID, and measures 86mm by 54mm, with a thickness of 0.84mm.  

read more »

Singapore’s CITY Tours has introduced a new contactless smart card that allows tourists to tap into various city attractions, according to asiaone.com.

In addition to speeding up lines, the card also gives visitors up to a 45% discount at popular attractions such as Underwater World and the Singapore Zoo.

read more »

The Co-operative Food is partnering with Barclaycard to become the UK’s first major grocery retailer to introduce contactless payment in its stores nationwide. The roll-out will begin next year with a pilot in 100 Co-op stores, allowing customers to speed through checkout lines with tap & go purchases of £15 or less.

read more »

Cardsmith