The West Yorkshire Combined Authority is on track to kick off a trial run that will see a select group of train passengers use their smartphones as tickets. Rail services between Huddersfield and Leeds stations will participate in the trial, as both stations are equipped with ticket gates that support NFC technology.
Security
Rethink Technology Research talks CryptoMedia
DishTV India recently selected Rambus’ CryptoMedia Security Platform for use in its Pay TV satellite system. Essentially, CryptoMedia ensures secure distribution of premium content for cable and satellite operators with a hardware root-of-trust embedded in the set-top-box (STB) chipset that is resistant to side-channel attacks.
Rambus inks license agreement with Xilinx
Rambus has signed a license agreement with Xilinx that covers Rambus’ patented memory controller, SerDes and security technologies.
In addition, the two companies have agreed to evaluate potential collaboration on the use of Rambus’ CryptoManager platform, with Rambus also exploring the use of Xilinx FPGAs in its Smart Data Acceleration (SDA) research program.
Video: The future of mobile payments
Mobile payments offer a plethora of benefits for consumers, retailers and financial institutions. For consumers, mobile wallets provide a convenient, “tap and go” frictionless commerce experience that seamlessly integrates loyalty cards, boarding passes, ID cards, coupons, event tickets, alerts and notifications. For retailers, mobile wallets offer businesses the ability to engage users with an immersive, in-app experience that starts at the beginning of a retail journey and continues indefinitely with notifications, reminders of upcoming expiration dates, archived digital receipts and a real-time tally of current loyalty bonus points. For banks, digital wallets, which are far more secure than credit or debit cards, has fast become a strategic focus as consumer interest ramps up.
Cash, card or mobile wallet?
A new survey conducted by Moneris finds that 25% of Canadians between the ages of 18-34 prefer paying with a mobile wallet over cash or card.
“Of Canadians aged 18-34, 46% said they would be more likely to use a mobile wallet if it were available for the kind of credit card they used,” Moneris stated in a recent press release. “[Meanwhile], 47% said they would use a mobile wallet if it were available for the kind of phone they used – responses collected prior to the full rollout of Apple Pay.”
Global NFC transaction market to grow at a CAGR of 55.23%
A new report published by Research & Markets states that the global NFC transaction market will grow at a CAGR of 55.23% during 2016-2020. The report also names host card emulation (HCE) as one of the “latest trends” leading to market growth.
