Payments News

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Tech

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. The NFC […]
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Tech

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

“NMT “enables the transfer of money either between two persons or between a person and a merchant,” STMicroelectronics’ Daniel Orsatti adds. “The idea is to have a very simple way to do it by just using an app. “The starting point was to define an NFC solution able to replace existing QR code solutions in Asia which […]
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Tech

Apple to Unlock IPhone NFC to Read Secure Data From Passports

“The UK Home Office has been in talks with Apple to extend the capability of the NFC chip to reading passports so that a smartphone app used to verify the identity of EU citizens applying to continue to live in the UK after it leaves the EU can be used on iPhones.”
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Tech

Mexico Pilots National NFC and QR Mobile Payments System

“Mexico’s central bank Banxico has begun trials of its cashless QR and NFC Cobro Digital (CoDi) electronic payment system with employees of financial institutions including BBVA Bancomer , Citibanamex , Santander , Banorte , Banregio and Fincomun . The system works by using QR codes to make electronic transfers through mobile phones which are linked […]
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On The Wires

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Tech

ST Announces New NFC Reader for Contactless Capability

“Our new component will officially launch early next year, but we are already previewing it during the event because the upcoming protocol will bring serious changes to the way manufacturers certify their terminals and vendors accept payments. It was thus important for us to put our partners at ease by demonstrating how we already tackled […]