JCB, the Japan-based payment card company, says it will trial a Near Field Communication (NFC)-based mobile-phone payment service in Amsterdam beginning this autumn, according to an online article. The company says it is conducting the pilot because it sees payment applications on mobile handsets as a way to convert small-value transactions to its card scheme. Seven other companies are involved in the pilot, providing chip, personalization services, payment terminals, the phones and transaction processing.
The pilot group of approximately 100 people will use Nokia handsets containing an NFC chip from Philips. A separate chip, connected to the NFC chip, will be loaded with a JCB payment application. Users will be able to pay for primarily small purchases by tapping the handset on contactless payment terminals at merchant locations in and around Amsterdam’s World Trade Center, an office and retail complex. Continue>>