Mobile wallets using NFC technology need new regulations, says Dutch market authority

NFC technology - mobile wallet payments

The Netherlands Authority for Consumers and Markets wants updates to contactless technology access regulations. Dutch market authority Netherlands Authority for Consumers and Markets (ACM) is calling for new rules to control anticompetitive practices in NFC technology using mobile payments apps such as Apple Pay. The ACM is seeking changes to the rules following an access investigation it recently conducted. The ACM issued a media release in which it stated its concerns regarding NFC technology mobile payments apps access and making a call for a change in regulations. “The Netherlands Authority…

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Researchers use phone NFC technology to hack ATMs

NFC technology - person using ATM

A security firm consultant also used card reader tech flaws to mess around with point-of-sale systems. Security issues with ATMs aren’t anything new for cybercriminals and security researchers, but recently readily available phone NFC technology was used to hack into an ATM. The researcher found bugs letting him use near field communication technology as a quick hack. The bugs in the systems let the researcher use his phone’s NFC technology to simply wave the device over ATMs and point-of-sale terminals to hack them. By using the contactless credit card readers…

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Harnessing the Power of Contactless Payments for Your Retail Business

Harnessing the Power of Contactless Payments for Your Retail Business

The COVID-19 pandemic has majorly affected many industries and the retail industry is no exception. Retail businesses heavily rely on cash transactions and other payment methods that involve physical contact. Social distancing and other restrictions created big trouble for both consumers and retailers. Thanks to the latest technology of contactless payment that made it easier for retailers to offer a safe and advanced payment solution to their customers.  The trend of mobile payments is gaining popularity and has now become an important part of the retail industry. Businesses that are…

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GM begins phase-out of NFC mobile device pairing in 2022 model year

NFC mobile - Image of Cadillac

This will affect Cadillac cars, in which this had been a standard feature for 2021 models. GM will start to phase out the NFC mobile pairing feature that had been standard in its 2021 Cadillac models. The 2022 model year vehicles will no longer have the near field communication standard. The near field communication tech was used for data transfer between compatible devices and the vehicle. The NFC mobile pairing made it possible for the data to be transferred while the compatible device and the vehicle were very near to…

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Canadian capital pilots tap-to-pay tickets on its light rail network

Tap to pay tickets Google Pay on phone

Ottawa is testing out a contactless system for its single ride tickets at one of its stations. Passengers taking the light rail train in Ottawa, Canada, can use tap-to-pay tickets for contactless rides in a pilot program. The mobile wallet-based payments are available for single rides starting at one pilot station along the network. Passengers purchasing their single ride fares at Rideau Station can participate in the system test. The single ride adult fares on the light rail transit network throughout Canada’s capital uses tap-to-pay. This uses near field communication…

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