Tag: nfc technology

UnionPay and China Mobile have come together and have now launched the latest system into the country.

According to the Xinhua News Agency in China, the latest reports from China Mobile and China UnionPay include the launch of a new mobile payments system that will be based on NFC technology.

This near field communication form of system has experienced significant struggles taking off in the West.

However, this latest system to enter the massive Chinese marketplace will be based on NFC technology for the transition of data from the smartphone of a consumer to a reader at the point of sale. Trusted Service Manager services for the management and provisioning of the system will be offered through a partnership in which both companies will cooperate.

This is considerable NFC technology news as UnionPay is the exclusive Chinese domestic bank card.

The NFC technology platform from UnionPay is the only domestic bank card that is available within the country. Furthermore, China Mobile is the biggest carrier in the country. At the moment, it boasts over 700 million subscribers.

A number of other Chinese banks will be taking part in this effort to introduce and broaden the use of NFC technology for mobile payments in the country. These participants include the Bank of China, China Minsheng, Everbright, CITIC, Shanghai Bank, GF, and Beijing Bank, according to the official news report.

The report also indicated that the NFC technology mobile payments system was ready for immediate launch and would be available right away in a number of cities across China. It indicated that the first cities in which this payment option would become available to smartphone consumers include Shanghai, Shenzhen, Beijing, Guangzhou, and Nanjing.

If this system is successful, this could be an extremely meaningful shot in the arm for NFC technology that has struggled to gain adoption in a number of other large markets, particularly in the West. There are a number of hurdles still standing in the way of the success of the transaction method, but the two companies in this partnership have remained confident that they will be able to overcome those challenges.

Mobile commerce security takes top priority with SoftBank

Gemalto, a leading digital security firm, has announced that it will be providing services to SoftBank Mobile in Japan. SoftBank has a keen interest in mobile commerce and engaging consumers that are becoming more heavily reliant on smartphones and tablets. To this end, SoftBank Mobile aims to provide these consumers with new mobile commerce services. The issue of security, however, has been a major concern for SoftBank, which is why it has turned to Gemalto.

Gemalto aims to address digital threats in mobile commerce

Gemalto has a great deal of experience when it comes to digital security. The firm has been involved in the mobile space for some time, providing comprehensive services that have helped make mobile platforms and services more secure against the threats that exist in the digital space. Mobile commerce receives a great deal of interest from hackers and malicious groups from around the world, which is why Gemalto is also beginning to see more attention from companies that are involving themselves in mobile commerce.

NFC technology to be made more secure

SoftBank Mobile aims to bring NFC-based mobile payments to more people throughout Japan. NFC technology will be used to facilitate payments being made from mobile devices, but the technology itself has received criticism in the past for its lack of security features. The security concerns that consumers have when it comes to NFC technology could drive them away from SoftBank’s mobile commerce endeavors. Gemalto will be providing services to the organization in order to help dispel some of the security threats that are associated with NFC.

Gemalto may help boost consumer confidence in mobile commerce

Mobile commerce is growing very quickly in Japan. While consumers do have concerns regarding security, these concerns are outweighed by the convenience that consumers find when participating in mobile commerce. Gemalto may be able to help put some of the security concerns that some people have to rest, allowing them to join in on the mobile commerce trend.