Near Field Communications Handsets and Tags, NFC Pilots and Projects

Stickers: the intermediate step to handset-based mobile payments

Wednesday, May 27, 2009


There’s a number of things holding back near field communication, the lack of devices being number one or two on that list followed by the lack of a business case for mobile providers and financial institutions.

But some are moving past those obstacles. Major players in the payments industry are promoting near field communication stickers linked to prepaid accounts as an intermediate step toward paying with mobile phones.

MasterCard Worldwide has announced a deal with Alameda, Calif.-based Blaze Mobile Inc. to market the stickers, and Visa USA is working with Greenwood, Colo.-based First Data Corp. to popularize the GO-Tags that can take the form of stickers, pins, key fobs or wristbands.

There are 994 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%.

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Multicard, a business unit of Identive Group, announced that it has been selected by Rabobank to provide personalization and fulfillment services for the Dutch bank’s latest application of its MiniTix cashless e-payment solution.

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Oberthur Technologies has reported an increase in demand for its FlyBuy contactless stickers with banks and issuers throughout the United States, including Citi, as well as internationally in Switzerland, Poland, England and Korea.

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Reportlinker.com has released a market research report on the use of contactless payment stickers in place of built-in NFC phones to make mobile payments.

The report,”Making Contactless Payments Sticky with Stickers,” identifies the key market drivers for contactless stickers and the issues that must be overcome to make them a real, viable solution in the hands of consumers.

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Citibank has begun offering customers contactless stickers that can turn mobile phones into payment devices, says finextra.com.

The stickers link directly to the user’s Citi credit card account to perform purchases of up to $50 at MasterCard PayPass points of sale.

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Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

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