Contactless Smart Cards, RFID, Payment, Transit and Security

Credit unions opting for contactless

Monday, July 27, 2009

Two credit unions have started to offer contactless cards, according to the Credit Union Times. The Novartis Federal Credit Union, East Hanover, N.J., has converted all its debit cards to the contactless technology and has seen a subsequent 9% bump in debit card usage. The California Coast Credit Union in San Diego is also jumping on the contactless bandwagon.

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MasterCard and mFoundry have announced a partnership to enable more banks and credit unions around the world to offer customers contactless mobile payments.

The collaboration will combine MasterCard’s PayPass technology with mFoundry’s mobile financial services platform, which is used by more than 560 U.S. banks and credit unions. The resulting service will allow customers to make payments by simply tapping their NFC-enabled phone on any PayPass terminal at a merchant check-out.

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A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

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Credit Agricole, a retail banking group based in Paris, is teaming up with Gemalto to launch a large-scale deployment of contactless EMV banking cards in France.

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The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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Blackpool, a seaside town situated along England’s west coast, has installed a number of Parkeon contactless-enabled parking pay stations.

For the installation, Blackpool Council opted for the Parkeon Strada pay station terminal. This new, solar-powered terminal is equipped with contactless card readers, accepting contactless payment-enabled mobile phones and various wave and pay bank cards.

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Datacard Group, a provider of secure ID and card personalization solutions, has announced an equity investment and strategic partnership with DeviceFidelity, makers of the In2Pay mobile payments solution.

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