Wells Fargo contactless credit cards rollout to bank customers

Wells Fargo Contactless Credit Cards - Visa Contactless Card

Wells Fargo & Co. has announced the tap-to-pay technology for its credit and debit cards. Wells Fargo contactless credit cards are now being rolled out to its new customers. The San Francisco-based American multinational financial services company is joining its rivals JPMorgan Chase & Co. and Bank of America Corp – among other US banks – who have already adopted this NFC (near field communications) tech for their credit and debit cards. Wells Fargo customers will be able to tap their credit cards to make payments instead of swiping them.…

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NFC Forum introduces NFC payments solution alternative to QR codes.

NFC payments - woman with Android phone

NFC Money Transfer Candidate Specification allows for simple and secure NFC-based payment solutions. The NFC Forum, a Massachusetts-based non-profit industry association and advocate of Near Field Communication (NFC) technology has launched an NFC payments solution. The solution, known as the NFC Money Transfer Candidate Specification (NMT) has been designed as an alternative to QR code-based payments that gives payment service providers and consumers the chance to take advantage of simple and secure NFC-based payment systems that already exist worldwide. The NMT solution eliminates the need for a camera or a…

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NFC labels could send rotten food warning to mobile phones

NFC Labels - Moldy Food - Rotten Food

Scientists have invented a new technology that may help with food poison prevention. A team of researchers from China and the US have created unique NFC labels designed to be attached to food packaging that can send out a rotten food warning to smartphones, reported the Daily Mail. Every year, 3,000 people die from foodborne illness. According to the US Centers for Disease Control and Prevention, every year, 48 million people in the nation get sick from foodborne illness. Of this vast number, approximately 125,000 people are hospitalized for food…

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The iPhone NFC chip could soon unlock your car door

iPhone NFC chip - Woman using iPhone

Apple’s near-field communication chip to gain new unique features with huge update. Forgot your keys? That may no longer be a problem for Apple mobile phone users in the future as the iPhone NFC chip could soon have the power to unlock home and car doors. The secure wireless chip is set to expand beyond payments. The possible changes to the iPhone NFC chip could result in Apple users utilizing the NFC tech in their mobile phones beyond making mobile payments via Apple Pay, The Information reported. The changes could…

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Bangladeshi Visa QR code payment solution launching in October

Visa QR code payment - Visa Cards

The credit card giant will be rolling out transactions via quick response code and contactless tech. Visa QR code payment solutions are slated to roll out in Bangladesh by October. The global payment provider has also announced that it will simultaneously roll out contactless payments. Almost 20 banks have already submitted their applications to be able to participate. The Visa QR code payment and contactless payment service have proven to be highly popular among banks. There have already been nearly 20 banks applying to be able to incorporate the new…

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