Contactless Smart Cards, RFID, Payment, Transit and Security

Valley National Bank signs with Bling Nation for mobile payments

Friday, June 18, 2010

Valley National Bank, a community bank with branches in Kansas and Colorado, is offering mobile payments to its customers and community with Bling Nation.

Customers with a checking account at Valley National Bank can sign up for a BlingTag, a quarter-sized microchip sticker that adheres to the back of their mobile phone to enable debit transactions directly from their account. Each time a purchase is made using a BlingTag, the consumer receives a transaction confirmation and account balance via text message.

There is also a rewards program when using the BlingTag. Valley National Bank customers receive 5% cash back with every Bling transaction up to $100. [end] 

Superdrug, one of Britain’s largest beauty and health retailers, has introduced contactless payment for its in-store customers, according to Retail Gazette.

Created by Streamline and Visa Europe, the contactless system will enable customers to make payments of up to £15 (approx. USD $23) by simply waving their contactless bank card at the more than 50 participating Superdrug stores in London and Liverpool.

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Australia’s Commonwealth Bank has officially launched its Kaching mobile payments app for the iPhone, reports ZD Net.

Kaching enables Commbank customers to make contactless payments powered by MasterCard PayPass, as well as transfer funds to friends via Facebook and perform a number of mobile banking tasks.

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MTN Irancell, one of Iran’s mobile operators, has teamed up with Etick Pars Intelligent Technologies and Bank Pasargad to develop a mobile wallet solution for the Iranian Market.

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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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German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.

Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.

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Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

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