Near Field Communications Handsets and Tags, NFC Pilots and Projects

Report: 'Sticky' mobile payment a 2010 reality

Friday, July 16, 2010

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.


According to the report, contactless stickers offer a way for card associations, issuing banks and merchants with stored value programs to eliminate mobile network operators and handset manufacturers from the distribution chain, which will help free up the logjam currently keeping NFC technology from widespread commercialization.

Although certain business model issues still exist, contactless stickers’ ability to eliminate strong players in the value chain makes them a 2010 reality, according to the report. [end] 

DeviceFidelity and SpringCard have unveiled moneto, a multiplatform mobile wallet solution for iPhone and Android users.

Much like DeviceFidelity’s In2Pay solution, moneto relies on a protective iPhone case equipped with an NFC-enabled microSD card. The moneto mobile wallet is powered by MasterCard PayPass technology and linked to a reloadable MasterCard prepaid card to enable contactless mobile purchases wherever PayPass is accepted.

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The Auriemma Consulting Group (ACG) has announced the launch of its new Mobile Payments Report, a market research service that examines the mobile phone as a payments device, financial managing tool, marketing channel and as a method of engaging with consumers.

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Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

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Research and Markets announced the addition of a report concerning the latest state of the Polish contactless payment market.

Entitled “Polish Contactless Payments Market 2011: Issuance, Transactions and Innovations” the report presents detailed analysis based on surveys carried out among all banks issuing contactless payment instruments and acquirers that operated contactless payments on the Polish market.

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PayPal has announced that it will launch its first-ever pilot of NFC retail payments in Sweden for the holidays, according to Mobile Payments Today.

The company has partnered with Swedish mobile banking and payments provider Accumulate to deliver PayPal Instore, a new mobile payments app for Apple and Android smart phones.

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Visa Europe has announced that NFC-enabled smart phones from Samsung, LG and Research In Motion have been certified for use with Visa payWave, Visa’s mobile application for payments at the point-of-sale.

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