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MasterCard will be bringing mobile payments to Indonesian consumers

10/05/201110/05/2011 Jorge Gonzalez

According an Asia-Pacific region rep for the leading global payment processing service and credit card company, MasterCard, the company has intentions to create a new form of retail systems that will allow payments to be made using smartphones. Group head of emerging payments in the Middle East, Africa, and Asia Pacific for MasterCard Worldwide, Phillip Yen, Indonesia is expected to be one of the top mobile payment markets. They believe that the popularity of this technology could be greater than the standard plastic credit and debit cards, “so we could…

Texas Instruments unveils NFC transceiver with smallest power for better design development and data transfers

08/16/2011 Stephanie Beck

Texas Instruments Incorporated has announced its development of the near field communications (NFC) transceiver with the lowest power, changing the way the industry looks at ultra-low-powered contactless short-range communication. When compared to the competition, this new device, called the TRF7970A, extends the life of the battery up to twice as long. This is because it provides the user with eight power mode options, ranging from The transceivers have software that is easy-to-configure, so that developers can rapidly begin their work. Developers are also capable of accessing all of the control…

Visa’s strategy for mobile payment domination

08/09/201108/09/2011 Sam Lambert

Credit card and other large companies are diving into mobile and digital payment technologies head first, forming aggressive strategies with purchasing and partnerships in order to ensure their space at the top of the game. Both American Express and MasterCard have been making deals and have been choosing the technologies that they believe will lead the way for mobile payments. Visa has also made as series of significant moves recently, which include the assumption of an advisory position in Square (a disruptive startup), the $110 million acquisition of Fundamo (a…

Subway to launch NFC campaign this fall, set to establish itself as a leader in mobile commerce

08/08/201108/08/2011 Stephen Vagus

As mobile commerce continues to gain momentum, Subway Restaurants is poised to set the standard in the industry of contactless payments. The worldwide sandwich company was the first to hop on board Google’s ambitious mobile wallet project. This move made the company the first global franchise to consolidate transactions on a singular mobile platform. Now, Subway is ready to begin putting mobile payments to the test and will be introducing NFC terminals to five markets throughout the world later this year. Subway’s acceptance of NFC-powered payments is one of rationality,…

Nokia opens new online store, hopes to get businesses involved in NFC

07/29/201107/29/2011 L. Green

Nokia is charging ahead with its NFC initiative. The telecom company recently launched a new online store which will offer NFC-enabled marketing materials to businesses around the world. Dubbed the NFC Hub, Nokia is offering to place NFC tags on just about anything, ranging from signboards to business cards. Nokia has been keen to expand the use of NFC technology given the rapid growth of smart phones and the emerging mobile commerce industry. When it comes to NFC, focus is often aimed at the technology’s applications to mobile payments. Several…