NFC News: YesPay, Yes-Wallet.com and Inside Secure

Near-field communication is an exciting technology and it is not a surprise that more and more companies are taking up the technology and incorporating it into their own products and services.  Here are just two of the most recent examples.

YesPay and Yes-Wallet.com just announced that they will be offering a cloud based near-field communication payment platform that works with Visa’s PayWave and Mastercard’s PayPass systems.

The new service is called Pouch, and is the first NFC contactless card emulation service available in the market today.  What this means is that there is another way to conveniently pay using NFC, both for business owners and consumers.

The companies will position Pouch as a digital wallet service that would act as a gift card or prepaid card. Consumers would be able to use these at any PayWave and PayPass terminal.

Business owners, on the other hand, would benefit from using the system by having an NFC-enabled contactless payment solution without investing too much upfront.  They can use their existing PayPass and PayWave terminals to process the transactions.

Meanwhile, Inside Secure has also announced that they will be supplying its near-field communications solutions into a next-gen smartphone that will be launched in the middle of this year.  The company made the announcement without revealing which “leading mobile phone manufacturer” placed the order.

The “advanced smartphone” will be using the company’s MicroRead NFC controller chip and its Open NFC protocol stack software.  This would give the new smartphone a bevy of NFC-enabled features, including wireless payments, information exchange and data transmission, among others.

This deal is only the latest in a long line of transactions involving mobile phones.  Since February last year, the company reported that they have shipped 20 million units of MicroRead and SecuRead near-field communication solutions that were used for various mobile devices, half of which were shipped in the past quarter.

This entry was posted in Mobile Payments, Near-Field Communication, near-field communication companies, NFC banking, NFC Devices, NFC news, NFC Uses. Bookmark the permalink.

One comment on “NFC News: YesPay, Yes-Wallet.com and Inside Secure

  1. Pingback: Megasoft bets big on 'near field communications' Hindu Business … | Near Field Communication (NFC) / Smart mCommerce

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