Motorola Invests in Contactless Payment Company
Motorola's venture capital arm has invested an undisclosed sum in Inside Contactless. Inside develops contactless payment chips and near field communications technologies for mobile devices that allow people to make instant point of sale purchases by waving their phones over NFC readers. Several other companies, including Visa and Nokia, have also invested in Inside. There is no word on when or if Motorola will begin incorporating NFC systems into its phones, but Sprint and HSBC, for example, are trialling NFC systems in major U.S. cities.
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.
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.
MTA Approves $573M for Contactless Fare System
New York City's Metropolitan Transit Authority plans to do away with the aging MetroCard fare system in favor of one that supports contactless payments, reports the New York Times. The agency has approved a $573 million contract to update the system's turnstiles with new wireless readers that can accept smartphones and certain types of credit/debit cards.
Samsung Pay Expands to Mexico
Samsung today said its Samsung Pay mobile payment service is now available in Mexico. According to Samsung, its touch-and-go payment tool is accessible in 20 markets around the world, including the U.S.
NFC Forum Adopts New Spec for Payments, Public Transit
The NFC Forum today said it has ratified and adopted a new specification that will ensure compatibility between a wider range of devices. The NFC Analog Technical Specification Version 2.0 targets the analog portions of the RF interface in NFC devices.