NFC Times Exclusive: Australia’s Commonwealth Bank has disclosed plans to put a MasterCard PayPass application onto an embedded secure element in selected Android NFC phones, the first major bank to disclose plans for launching commercial NFC payments on embedded chips since Google Wallet.
The bank is expected to launch the PayPass application first in the Samsung Galaxy S4, and the service would be part of a set of enhancements the bank announced late last week to its popular CommBank financial services app.
The bank said it would launch the enhancements during the remainder of this year and into 2014. If it launches the PayPass application before the end of the year, it would likely push MasterCard ahead of Visa in introducing contactless-mobile payments on embedded secure elements in Samsung phones.
That is despite a high-profile partnership between Visa and Samsung announced last February that preloads a Visa payWave contactless application on Samsung’s embedded chips.
Visa has yet to launch an embedded payWave service with Samsung and a payments issuer, but a Visa representative said last month that plans call for the first embedded payWave service to launch at the end of the year in “Asia.” That may refer to Asia-Pacific–since NFC Times has learned that Visa is also working with at least one major bank in Australia, Westpac, to launch payWave on embedded chips in Samsung phones.
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Among Topics Covered:
•Planned launch of PayPass application on embedded secure element in Samsung Galaxy S4 phones
•Visa versus MasterCard on first to launch on Samsung embedded chips
•Australian banks interested in embedded secure elements
•Other key target market for embedded chips
Among companies and organizations mentioned:
Commonwealth Bank
MasterCard Worldwide
Visa
Samsung Electronics
Westpac
Sberbank
HTC
Sony
Tinkoff Credit Systems
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