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NFC
TM Forum Tag List
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From the middle of 2012, Singapore consumers will be able to ‘tap’ and pay for their purchases at more than 20,000 retail points and taxis using their Near Field Communication (NFC) enabled mobile phones. Businesses will also be able to provide interactive and targeted content to consumers through NFC-enabled digital signage located at more than 600 locations in major shopping malls and office buildings throughout Singapore. This will be made possible through a Call-for-Collaboration... -
It’s not often that leading figures from one industry care to enter the inner sanctum of another to lay out some home truths. It happened twice this week in Dublin at TM Forum’s Management World and it got The Insider thinking. Uber-successful serial entrepreneur, Nick Ogden , when discussing how the payments and banking world were addressing mobile market, suggested that telcos may have ‘missed the boat.’ Apart from a limited number of scattered initiatives at national level... -
Just after publication of my prediction that war was breaking out between the major players in the NFC and mobile payments world, three mobile operators and three banks in the Netherlands announced collaboration on a unified m-payments system. The announcement came after the parties had conducted research that proved it was both ‘technically and commercially feasible’ to create a shared national infrastructure. It seems amazing that something so obvious should have required research or would come... -
NFC, or near field communications technology, should be a raging success outside of Korea and Japan, but it simply is not. Despite efforts by the GSMA to get the ball rolling with CSPs worldwide and the finance and transport industries agreeing on the profound benefits of having multiple payment methods ensconced in mobile devices. It’s like world’s colliding. The traditional payment handlers such as banks and credit card issuers have the credit and distribution channels sown up as well as the all... -
A fascinating report from Cards International confirms what most retail merchants have been saying for years - banks are ripping them off with charges! What’s even more concerning is that retailers feel that they are suffering ‘unjustifiably’ high fees on credit and debit card sales and that these will become the norm for emerging contactless and mobile phone payment methods, according to the British Retail Consortium (BRC). As if we haven’t had enough issues already raised by lack of Near Field... -
This week I attended a conference in Singapore devoted to mobile financial services. So what you may ask? Well, when I asked some speakers if anything had changed in three years they admitted, very little. Sure, we have those amazing success stories emanating from Africa about the banking of ‘the great un-banked’ and the awesome payment transfer systems that some Asian operators have introduced but, in general, revenues from mobile financial transactions have eluded most. I’m talking here about mBanking...
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