HSBC Trials NFC Payment Pilot
Feb 1, 2007, 12:42 PM by (staff)
In what appears to be the first large-scale trial in the U.S., more than 200 HSBC employees loaded their credit card information onto their mobile phones via ViVOtech's over-the-air process with the intent to test contactless payment systems through near field communications (NFC). The NFC equipped phones will allow the employees to make contactless payments at some 36,000 retail locations around the world served by MasterCard's PayPass program. For purchases of less than $25, customers can tap their phones to the PayPass reader and make instant payments that don't require a signature.
Microsoft Wallet Gains Tap-to-Pay Functionality
Microsoft today updated its Microsoft Wallet app and gave Lumia smartphone owners the ability to make mobile payments at supporting retailers. Windows Mobile has long included a Wallet app, but until today it was reserved for loyalty cards and other retail programs.
Mastercard Adds Retail Mobile Payments to Bank Apps
Android owners will soon be able to use their own mobile banking app — rather than Android Pay or Samsung Pay — to make tap-and-go payments in stores. Mastercard has expanded its Masterpass program to mobile devices so consumers can make contactless payments at various retailers.
Capital One Adds NFC-Based Payments to Android App
Capital One today added tap-and-go mobile payment powers to its Android application, independent of services such as Android Pay or Samsung Pay. Capital One cardholders can add their debit card or credit card to the Capital One Android mobile app and make secure payments anywhere contactless payments are accepted.
CVS, Rite Aid Shut Out Apple Pay
CVS and Rite Aid have disabled the NFC-based payment systems within their stores, effectively preventing consumers from using Apple Pay to make tap-and-go payments. Spokesperson Ashley Flower said Rite Air "does not currently accept Apple Pay" and that Rite Aid is "still in the process of evaluating out mobile payment options." CVS did not provide a comment, but Apple Pay worked in CVS stores when the service launched on October 20 and and ceased to work over the weekend.
You know what the next logical step is...
It will never catch on... nice thought though.
This might catch on better than you think.
Another thing...why do people have such a problem with having to show their id in order to use a cc or check. It is really meant for their protection. It's scary to know how easy it is to steal someones money. I hope this never happens to me.
DIY Contactless Phone Payment...
Then take that down to your local 7-11 and impress everyone at the register!