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] 

Companiesandmarkets.com has released a new report providing statistics on market size, competitor market shares and forecasts for the Japanese payment card market.

The report, “Payment Cards in Japan,” also provides an overview of regulation, competitor activities, issuer strategy and product innovation, including developments in contactless, mobile payments, online and prepaid cards up to 2014.

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eNational Payments, a provider of mobile and contactless electronic commerce and payment processing services, has a entered into a strategic partnership with Mocapay, enabling its merchants and retailers access to Mocapay’s secure mobile payments solution and mobile marketing engine to reach customers in real-time.

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Wells Fargo has announced its participation in Visa’s NFC-enabled mobile payments field trial, joining Bank of America and US Bancorp as the third U.S. bank to test Visa’s new technology, according to finextra.com.

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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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Visa is teaming with Turkey’s Akbank and vendor DeviceFidelity to launch a new microSD-based contactless mobile payment system.

Akbank customers will be able to insert DeviceFidelity’s In2Pay microSD into their handsets’ memory card slots, turning them into contactless payments devices that can be used with Visa payWave terminals.

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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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