Tag Archives: Apple

Canadian Banks bank on NFC


Royal Bank Plaza, Toronto, Canada
Royal Bank Plaza, Toronto, Canada (Photo credit: Francisco Diez)

With RBC launching its Mobile Payment app, there are now 2 horses in the race for Mobile Payment domination. RBC has partnered with Interac to launch Interac flash, which means that this offering is not Telco bound. Theoretically this offering should work for any phone that has an NFC chip, regardless of Telco, allowing consumers to conduct a debit payment from their mobile phone.

Additionally, this offering is not tied to RBC alone; it will be available to other Banks and FIs who want to sign up for this enhanced Interac service. In contrast, the CIBC offering (earlier this year) also using Near Field Communication (NFC) technology, is Telco bound to Rogers, and allows consumers to back their payment with a major credit card either VISA or MasterCard. CIBC and Rogers launched BB10 and Android versions of their app last week.

Interac
Interac (Photo credit: Wikipedia)

With both major bank offerings using the NFC technology for Payments, and a few of the other payment apps using QR code technology, such as Starbucks, and Western Union, it would seem to solidify the notion that the “wait to standardize” on a mobile payment technology is finally over, and the verdict is that a more “flexible” approach is required.
Mobile payment proliferation in Africa, Europe and Asia ahead of North America has chiefly been due to our waiting for a technology standard. Meanwhile the rest of the world has passed us by with a myriad of solutions, so hopefully we can learn from them for a change, and settle on the ones that work. The technology behind the mobile payments platform needs to be flexible enough to allow business owners to pick one that fits their specific needs, but not to the point when interoperability between the different technologies becomes a concern for consumers.

One of the key differences in the technology standard in North America and Europe, as compared to the third world, is that the populace in North America and Europe predominantly have bank accounts where as in the third world the users predominantly don’t. Therefore the technology standard in North America and Europe will more likely be driven via the banking system, which is why both bank offerings in Canada, the Royal Bank and Interac deal, and the CIBC and Rogers deal, are exciting.  We are already used to Interac brokering our other card based debit payments, and this deal is still open to other banks, FIs, Store Cards, etc who want to get in on the Mobile Payments bandwagon.  There is still room for potential disruptors such as Apple using their iTunes account, or Paypal with Paypal Here, to come in and take the glory.  The excitement is yet to begin!

Walmart Mobile


Walmart Mobile Chief Gibu ThomasWal-Mart enters the fray with a Mobile App – I am assuming that once NFC is more prevalent, it will serve to make the check out process even easier. The possibilities coming off this for Big Box and department store apps are endless, taking advantage of the capabilities of to do things like location-based advertizing, competitive comparisons, up-sell, wish-list, shopping list, etc. Canadian Tire, Target, Home Depot, Lowes, and Rona should all be paying attention – this is the sort of convenience that will draw more traffic to your stores. Wal-Mart’s Mobile Chief, Gibu Thomas, is quoted saying “Two weeks after Wal-Mart launched “in-store mode” with its app, roughly 60 percent of its shoppers opted to use it. Moreover, about 12 percent of Wal-Mart’s sales that come through its app are coming from customers who are inside a store and using “in-store mode.” Wired’s Marcus Wohlsen postulates that Wal-Mart is doing this to target Amazon. This is an interesting view-point, as this move seems to bridge both worlds with the convenience of shopping online, and competitive pricing, yet still retaining the tactile sense of being able to see, feel and try on the items before purchase, followed by the instant gratification of not having to pay shipping and wait for delivery.

Related Articles

Gigaom

Walmart(s WMT) is taking the idea of self-checkout to another, more mobile level. The retailer is bringing the “Scan & Go” feature of its Walmart iOS app to 200 stores in the U.S., according to a Reuters report Wednesday. The feature has been in use in some stores already, but at only about 70 near Walmart’s Arkansas headquarters and in Atlanta.

Scan & Go is only available on the iPhone,(s AAPL) though Walmart says an Android(s GOOG) version is “coming soon.”

Shoppers that have the Walmart app can select “in-store mode” and then scan each item’s barcode as they pick up items throughout the store. Users who have also created shopping lists or budgets within the app will see items scanned “checked off” on their lists. Once finished, they need only go to a self-checkout terminal, scan a barcode on the screen — which reads the items they have in…

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Mobile Manufacturers making the “One-Size-Fits-All” decision


In the last 6 months, the top3 smartphone manufacturers have announced moves down the NFC path toward a mobile payments solution.

BB Z10 and BB Q10Blackberry already released a Mobile payment solution with CIBC and Rogers using NFC for SecureTap, and announced another using a Secure Element Manager solution for NFC which is VISA approved. Blackberry have tinstalled he NFC chips on both their new models, the Z10 released earlier this year, and the Q10 due tentatively in May. No word as yet as to when applications will be released for BB10, but rumor has it that all the big banks have one in their pipeline.Samsung Galaxy S4

Samsung announced that the Galaxy S4 will come with a Visa PayWave – Visa payments applet for contactless payments. Samsungs Galaxy S4 will also have Mobeam technology too which will allow mCouponing, mLoyalty, mGiftcards, and mTicketing.

Apple iPhone 5SApple’s new iPhone 5s will have NFC and biometric security solutions developed by Authentec and Chipbond. Rumors have it that the IPhone 5S is slotted for release in July / August 2013. Logically it makes sense  that Apple will integrate the NFC and fingerprint security into the Passbook app, which only has discount coupons, tickets and some low assurance store cards.