Why IoT Apps are Eating Device Interfaces This post is part of a series on NFC here on ReadWriteMobile which will serve to get you up to speed on what NFC is, what notable developments are underway and what commercial programs using NFC will arrive this year. You can follow this series by clicking the tag (or bookmarking the tag) “NFC 2011.”This post assumes you are familiar with the term NFC as well as the technology’s use in mobile payments. If you’re just starting to learn about NFC, you should begin here with the first post in the series to get caught up.NFC-Enabled Mobile Banking Apps What it Takes to Build a Highly Secure FinTech … Tags:#mobile#Trends sarah perez Also involved in the pilot program is payments processing provider FIS and the payments specialist Monitise, which the bank credited with the development of the mobile banking application. Actually, there are two mobile apps involved – one written for BlackBerry smartphones, while the other is an iPhone app. Both offer similar functionality, Venturo says.Using the apps, customers can perform balance inquiries, pay their bills, see their transaction history, and even switch on or off the NFC functionality. The balance inquiry, specifically, is updated in real-time, reflecting the transactions that were just made at checkout.Ironically, the on/off switch is provided to address customers’ fears regarding this new technology’s security, despite the fact that NFC, in truth, provides more security than the mag stripe standard used on credit cards today. That feature may or may not arrive in the commercial product, if one is to launch.Once enabled, these mobile phones can be used anywhere Visa has its contactless payment terminals in place. Merchants accepting these transactions exist in locations that range from pharmacies to fast food restaurants and even some convenience stores.How the System WorksCustomers participating in the pilot program receive the microSD card or iPhone case in the mail at the same time as their new credit card arrives. Included in the package are instructions as to how to insert the chip into the phone (or use the case), plus how to enable and use the mobile application.At point-of-sale, customers can switch on the NFC functionality within the mobile application (if it was not on already), then simply wave their phone in front of the Visa payWave terminal in order to complete the transaction.So far, the testers have found the process easy. “We’re really happy with the pilot program’s progress,” Venturo told us in March, while noting that U.S. Bank continues to refine the overall experience.Commercial Plans?The pilot was set to wrap up by the end of March 2011, after which U.S. Bank will determine what plans it has for making the program more widely available to non-employee customers. As of yet, the company has not made any announcements about its commercial plans.While the pilot program itself may have performed well, Venturo believes that there needs to be more than mobile payments alone before NFC technology really takes off. There needs to be more of value driver, he said, where customers receive other items, like coupons or loyalty discounts, when they perform mobile transactions.Right now, NFC technology is only popular among a highly mobile group of early adopters – a group which is not necessarily the youth market, Venturo explained. Meanwhile, others, when offered the ability to make payments with their phone ask “why would I do that?” He also said that adoption of NFC by merchants will ramp up at different levels across the U.S., noting especially there’s a lot interest in certain spots on the East Coast and west of Colorado.Image credit: Mobilecrunch The Rise and Rise of Mobile Payment Technology U.S. Bank has been testing an NFC-enabled mobile payments service in 20 different markets, spanning several U.S. states, according to Dominic Venturo, Chief Innovation Officer for U.S. Bank Payment Services. The program was being trialed by bank employees who were also bank customers. However, the company won’t disclose the exact number of personnel involved.Like similar services from Wells Fargo, Bank of America and Chase, U.S. Bank’s payment solution lets customers make purchases with their mobile phone simply by waving their phone at select payment terminals at the point-of-sale. The service debuted in November 2010 in partnership with Visa, whose payWave technology is being used in the new solution. Using hardware made by DeviceFidelity, customers can NFC-enable their smartphones either by inserting a microSD card into their device, or by using a specially designed iPhone case which also includes a microSD card slot. Related Posts Role of Mobile App Analytics In-App Engagement
This image was purchased by the MFLN from iStock.com on 11 January 2019 under member ID 18347305. By Molly HerndonJoin the Military Families Learning Network’s Personal Finance team this month in saving $100 in just 30 days. From February 1 through March 2, the MFLN Personal Finance team is supporting financial professionals in their efforts to encourage students and clients to save $100. Return to article. Long DescriptionIn sync with Military Saves’ message to “save for the unexpected” in the 2019 campaign our hope is that savers will use the $100 to supplement or start an emergency savings fund.The 30 Days of Savings Challenge takes the guesswork out of how to start a savings plan. Registered participants follow a daily savings chart that lists the amount needed to save daily throughout the 30 days to reach $100 by March 2.Need ideas of how to save these small daily amounts? Watch Dr. Michael Gutter deliver 30 ideas for how to save money from our last challenge in 2017.Registered participants of the challenge receive weekly emailed messages that give ideas, activities and events that support their saving efforts. We also encourage participants to join the conversation happening on Twitter by following and contributing to #30DaysofSaving on Twitter.Sign up and join us in saving $100!
The war of words between the BJP and Opposition over management of the floods continues with the Congress and its senior leadership being accused of politicising the rescue and relief operation. This follows former chief minster Prithviraj Chavan’s allegation last week that the government was biased against the flood-hit western Maharashtra and may have responded differently if it had affected Vidarbha, a BJP stronghold and home to Chief Minister Devendra Fadnavis. State unit BJP spokesperson Madhav Bhandari pointed out that the CM had cancelled his Vidarbha tour and returned to Mumbai to hold an emergency cabinet meeting. “He then went to New Delhi to participate in the last rites of Sushma Swaraj only to come back and visit Kolhapur the same day. This CM is 24×7 focussed. He even cancelled a tour to Russia,” said Mr Bhandari. Comparing the relief work to that during the 2005 floods, Mr. Bhandari said while over a thousand people had died then, not everyone was adequately compensated by the then government. Not everyone benefited from the State’s schemes and the Congress should ponder over the fact that it left Mumbai to fend for itself under the watch of its then leader from western Maharashtra, he said. “Mr. Chavan should be concerned about the work done by his party’s government during the 2005 floods,” Mr. Bhandari said.
Click here to EnlargeKenannakin’s 1962 war film The Longest Day had 13 heroes. Back home, Border director J.P. Dutta seems to have come close.For his next war film Tiger Hills – a post-Kargil spiel – Dutta has roped in not one, not three, but eight heroes to fortify the cast.Sunil Shetty, Ajay,Click here to EnlargeKenannakin’s 1962 war film The Longest Day had 13 heroes. Back home, Border director J.P. Dutta seems to have come close.For his next war film Tiger Hills – a post-Kargil spiel – Dutta has roped in not one, not three, but eight heroes to fortify the cast.Sunil Shetty, Ajay Devgan, Arbaaz Khan, Abhishek Bachchan, Sanjay Dutt, Jackie Shroff, Saif Ali Khan and Akshaye Khanna willstar. There’seven talk of a ninth – Shah Rukh Khan.Dutta has reportedly asked his heroes to sport crew cuts and is believed to have said, “Border was a trailer. This will be bigger.”Question: Will Tiger Hills boast nine heroines and 18 songs too?