Tag: NFC payments

NFC technology added to a mobile payments solution from Sweden

| April 11, 2013

NFC Technology SwedenThe SEQR service will be using near field communication tech according to the company’s announcement.

An SEQR mobile payments service company based in Stockholm, Seamless, has just announced that its product will now include the use of NFC technology for more transaction options.

The latest predictions from the company say that it will be implementing the contactless tech any day now.

The company has said that the solution is ready and that consumers should expect to start seeing the NFC technology in stores any time now. At the moment, it uses SEQR, which is a method that applies QR codes that are affixed to the terminals at the point of sale in a store. This allows smartphone users to scan the barcodes in order to be able to complete a purchase transaction.

As with the former version of the service, the company’s app is required to use the NFC technology.

In order to make payments using the NFC technology, smartphone users must have an enabled device in which they have downloaded the Seamless app. From there, they can choose to either scan the QR code or they can tap the device to the NFC stickers, which will produce the same results. This action automatically uses funds from the user’s account to pay for the purchase.

Though the QR codes should still be available, the new solution will allow NFC technology stickers to be used instead by devices that are capable of using them. According to the president and CEO of Seamless, Peter Fredell, “This will make us a completely technology-independent option for retailers and users.”

Fredell also pointed out that “It still costs the retailer nothing to introduce SEQR, and no expensive hardware or complicated installation is needed. With the Seamless NFC solution, we have also solved the big security problems that were previously associated with NFC technology.”

The company has stated that its new mobile payments solution has allowed it to become the leading smartphone transaction service in Sweden. It has already been adopted by McDonald’s restaurants as well as by the grocery retailer, Axfood group, which has allowed it to become widespread throughout Sweden. Now, it will be bringing NFC technology to each of these locations, as well.

NFC technology introduced in new McDonald’s trial

| April 7, 2013

McDonald's NFC Technology CanadaThe debit and mobile payments pilot program has now begun at a Canadian location.

McDonald’s is making mobile commerce news headlines with its brand new NFC technology based transaction system, which is being introduced on a trial basis at a Canadian restaurant location.

This would allow customers of the fast food giant to be able to pay for their meals using smartphones.

The NFC technology system is being provided by Interact Flash, a contactless solution from the Interac Association. It allows people to use their enabled debit cards and smartphones to tap-to-pay for their purchases. This functionality is currently limited only to certain specific cards and devices.

Also part of this NFC technology payments partnership is RBC Royal Bank, through their mobile app.

RBC has integrated the NFC technology into their application which can be downloaded and used through BlackBerry smartphones that are enabled with a near field communication chip. Together, RBC and Interac have made it possible for McDonald’s to offer these mobile payments to its customers.

According to Interac, this is the first time in Canada – as well as the only one currently operating – that contactless debit and mobile payments are accepted through NFC technology. The president and CEO of Acxsys Corporation and the Interac Association, Mark O’Connell, said that “This achievement in mobile debit innovation helps solidify our role in the mobile payments space in Canada.”

He also added that it will soon be possible for people in Canada to be able to use their smartphones to “pay with Interac Flash quickly, conveniently and securely” when they are making their typical purchases in stores and restaurants. He explained that this will bring additional value for consumers, but also for partner financial institutions and for the merchants, themselves.

The Interac Association debit card and payments services currently offers funds access to people in Canada at approximately 60,000 different cash points, as well as 766,000 point of sale terminals country wide. They have already led the way in the country for online debit payments and intend to use NFC technology to help to ensure a position as a leader in mobile payments, as well.