Valyou NFC technology based mobile payments is packing it in

Mobile Payments NFC Technology

The smartphone based wallet which is headquartered in Norway has now decided to call it quits. The Norwegian mobile payments service called Valyou will now be shutting its doors as its owners, DNB, Telenor and SpareBank1 have agreed that there simply are not enough NFC technology enabled terminals at merchant checkout counters to make the effort worthwhile. The owners have also agreed that other telcos and banks have not offered the support they had expected. The contactless mobile payments service used NFC technology to allow consumers to be able to…

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NFC technology lets Android users collect Greggs loyalty rewards

NFC Technology mobile payments

The company’s app gives its users the chance to tap their smartphones at the point of sale for rewards. Greggs, a very popular bakery in the United Kingdom, has now updated its mobile app to function with the NFC technology in certain Android smartphones so that customers can collect and redeem loyalty rewards at the checkout counter. This mobile app update makes it possible for the entire process to take no longer than a tap at the checkout counter. In order to make this happen, Greggs chose to use NFC…

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Apple Pay is preparing to get started outside the US

iOS 8 iphone 6 apple mobile security

The mobile wallet is now getting itself ready to make its first moves in countries outside of the United States. Apple Pay is now getting itself ready to send its mobile wallet services outside of the United States, where it has been exclusively available until now, as it makes its way into the first countries outside of the U.S. borders. Reports have indicated that online, offline, and mobile marketing materials are being prepared for March. This indicates that the launch of Apple Pay in other countries could be coming very…

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NFC technology enabled devices rise in popularity

NFC Technology - card reader

This technology is starting to build confidence in security and its usability makes it practical for the Internet of Things. NFC technology has how been available in several generations of smartphone – though it is only just now being added to the next Apple device, the iPhone 6 – and now it is starting to become more popular among consumers, as well. Recent research has suggested that it is coming out on top when it comes to the mobile payment market. The research was conducted by Frost & Sullivan. That…

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NFC technology based system unveiled for the London Underground

NFC Technology in transportation - Mobile Payments London

As of mid-September, the Transport for London (TFL) will accept contactless payments on all lines. It has now been announced that, beginning on September 16, the TFL will be accepting payments through NFC technology for all London Underground, DLR, and Overground trains. This was announced as the EE mobile operator revealed its intentions to support near field communication payments on London Undergound. The NFC technology will make it possible for customers to simply tap their contactless payment card against the reader device in order to pay for their fares. This…

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