NTT DoCoMo and KT Pair Up on NFC Payments
NTT DoCoMo and Korea Telecom today announced a joint initiative to enable near-field communications (NFC)-based payments in a system that is supported in both Japan and Korea. Both companies offer their own, branded mobile payment services in their respective markets. The goal of this effort is to expand the availability of mobile payments on an international scale. DoCoMo noted that the first things to support NFC-based payments would be things such as transit services and retail locations. NTT DoCoMo said that it will submit its technology plans to worldwide standards bodies in hopes that they will be adopted and deployed around the globe. The companies have already forged business relationships with Visa, Samsung, Gemalto and several other companies to help move the program forward. They hope to have the system operational by the second half of 2012.
LG to Jump Into Mobile Payments Fray
LG has indicated it plans to offer a mobile payment service called LG Pay. The company has signed agreements with the largest credit card issuers in South Korea, Shinhan Card and KB Bookman Card.
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.
SoftBank Looking to Raise $18B with Wireless Unit IPO
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
Microsoft May Give Windows 10 Mobile Payments
Microsoft is weighing what to do with the mobile wallet app that's part of the Windows 10 Mobile platform. The operating system already has a basic wallet app (since Windows Phone 8) for storing credit card and loyalty card data, but it stops short of making mobile payments.