Near Field Communications Handsets and Tags, NFC Pilots and Projects

Zapa secures funding for its NFC products

Monday, July 6, 2009

Zapa Technology, a Dublin, Ireland company due to launch an NFC-like ZapaTag in the next few months, has received about $3.5 million in funding from venture capital firm Delta Partners.

The infusion of capital will allow Zapa, one of the first companies in Europe to make use of NFC, to roll out a number of applications.

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The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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The National Strategy for Trusted Identities in Cyberspace has received its $16.5 million in funding for the 2012 fiscal year, says Jeremy Grant, senior executive advisor of ID management at the National Institute of Standards and Technology.

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MarketsandMarkets has published a new report predicting that the NFC market will reach over $10 billion by 2016 at a compound annual growth rate (CAGR) of 38% from 2011 to 2016.

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A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

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The National Institute of Standards and Technology announced a competition to award a approximately $10 million for pilot projects to accelerate progress toward improved systems for interoperable, trusted online credentials that go beyond simple user IDs and passwords.

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The French government has shortlisted Paris and 16 other major cities for a €20 million grant that will be used to deliver NFC mobile ticketing solutions for public transportation.

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