JPMorgan Chase is planning to upgrade its entire fleet of ATMs to enable users to withdraw money via their smartphones, USA Today reported. Customers can use a one-time pin number that will be sent to their phones, then can tap to withdraw cash via an NFC connection.
Merchant Customer Exchange (MCX) will start a limited commercial test of its CurrentC-branded mobile payments service in some U.S. retail stores starting next month, according to a report from Bloomberg that cited unnamed sources familiar with the effort. According to Lowe's, a supporting MCX retailer, the CurrentC mobile payments service will launch commercially in the third quarter of this year.
Samsung Electronics acquired mobile payment company LoopPay and said it will integrate the Boston-based startup's technology into future devices. Samsung is widely expected to announce the next iteration of its flagship Galaxy Android smartphone, likely the S6, at the upcoming Mobile World Congress trade show, and that device may well be the first to integrate LoopPay's technology.
One technology that could take advantage of future 5G networks is Ericsson's Connected Paper, which transfers electrical signals through the human body to glean information from physical objects.
Merchant Customer Exchange CEO Dekkers Davidson said that the exclusive arrangement that bars MCX merchants from using Apple Pay will expire in "months, not years."
The Merchant Customer Exchange (MCX) is willing to use Near Field Communications technology like its rivals, its CEO said. MCX is a consortium of some of the country's largest retailers that is setting up a mobile payments program that will stand as a rival to Apple Pay, Softcard and other mobile payment offerings.
Drug store chains CVS and Rite Aid appear to have decided to stop supporting Apple Pay, the company's new mobile payments platform, as well as other payment methods that use Near Field Communications technology, according to multiple reports.
It appears that NTT DoCoMo's sphere of vendors capable of supplying network functions virtualization is getting bigger. The Japanese service provider announced it has completed proof-of-concept trials using the software and equipment of six vendors: Alcatel-Lucent, Cisco, Ericsson, Huawei, NEC and Nokia Networks.
Following Apple's unveiling of Apple Pay, its mobile payments program that uses Near Field Communications technology, the NFC Forum launched its "Tap Into NFC" Developer Program. FierceDeveloper discussed the overall developer program and the future of NFC with Paula Hunter, the NFC Forum's executive director. Hot Seat
The NFC Forum recently launched its "Tap Into NFC" Developer Program, which includes a website and a Twitter contest running Oct. 16-23. Using #Tapin2NFC, developers are invited to share what they like most about the program and site, including favorite products from the product showcase. A winning tweet will be selected at random and the winner will receive an NFC-enabled wearable device. FierceDeveloper got more details on the program and the future of NFC in this conversation with Paula Hunter, the NFC Forum's executive director. This interview has been edited and condensed.