Near Field Communications Handsets and Tags, NFC Pilots and Projects

Texas community banks deploy Bling Nation's mobile payment stickers

Wednesday, August 18, 2010

American National Bank and Guaranty Bond Bank in Mt. Pleasant, Texas are now offering tap and go mobile payment to their customers and the community through Bling Nation.

Customers with a checking account at either bank can sign up for a BlingTag, a quarter-sized microchip sticker that adheres to the back of their mobile phone to enable debit transactions directly from their account.


Each time a purchase is made using a BlingTag, the consumer receives a transaction confirmation and account balance by text message. Since the BlingTag does not store any personal information, it offers more security than traditional plastic cards and reduces the risk of identity theft and fraud, according to Bling Nation.

“We chose Bling Nation because they offer a win-win-win product—banks and merchants win by reducing costs, consumers win by accumulating rewards each time they use their BlingTags, and community wins when more money is spent locally,” said Martin Bell, executive vice president of Guaranty Bond Bank. [end] 

Bling Nation has temporarily shut down its mobile payments service in order to roll out a new product later this year, reports American Banker.

Since 2009, the Palo Alto-based company has been providing its NFC sticker in areas deemed “underserved” by major card companies. By affixing the NFC stickers to their mobile phones, customers could conduct contactless payments at local merchants through their community bank.

read more »

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.

read more »

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.

read more »

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.

read more »

Be first to comment...
Comment on this article

Your full name and URL will be displayed with your comment.

Your email is not shown or shared, and is used only for your Gravatar image.




characters left.