More than half a billion mobile phones worldwide will have Near Field Communication (NFC) technology by 2014, ABI Research predicts. A new partnership between C-SAM and TrustNordics enables organisations of all types to target that installed base by developing and launching NFC-enabled wallets quickly and cost-effectively.
The partnership’s initial solution is a turnkey wallet platform featuring C-SAM’s pioneering, NFC-based transactions technology and TrustNordics’ Service of a Trusted Execution Environment Service to enable mobile applications for the latest smartphones such as Android, BlackBerry, iOS and Windows Phone. TrustNordics will serve as the wallet’s Trusted Service Manager and offer the wallet under its own brand or on a white-label basis to merchants, financial institutions, non-payment service providers and other organisations. The wallet includes features that enable applications such as payment, access management, loyalty programs and ticketing.
TrustNordics will use C-SAM’s successful Mobile Transaction Platform to enable NFC, QR and Barcode solutions for payment, loyalty, and couponing; as well as various other mobile wallet related use cases for vertical applications. Supported by widgets and applets, the solution can be adapted to meet the needs of various service providers to enable unique services and user experiences on mobile devices.
“This partnership is the latest example of C-SAM’s leadership in providing enterprises and governments in Europe, as we have in other parts of the world, the ability to bridge to and meet the demand for NFC-enabled products and services,” said Felix Marx, C-SAM CEO. “When companies want to develop highly secure NFC-enabled wallets, they turn to C-SAM.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.