Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
15th November 2011
Credit Agricole / Visa microSD NFC contactless payment
Crédit Agricole and Visa Europe are to operate a NFC contactless payments experiment in Caen. The experiment is specifically for iPhone owners who will be provided with a special iPhone case that includes a built in MicroSD card which has the NFC and related software included. An App must then be downloaded from the iPhone store. The trial is to take place between December 2011 and June 2012.
Bringing the phone within 5cms of the payment terminals will allow payments of up to €20 without further authentication. Cedicam is the local Crédit Agricole subsidiary involved in the pilot. Gemalto customised the MicroSD cards and the dedicated iPhone case is provided by DeviceFidelity.
This pilot follows different contactless pilots in Nice last year and in Strasbourg earlier this year. The bank and Visa emphasise that all communications and data stored are encrypted and the user is guaranteed against fraud in the same way as card users enjoy.