Mobile


Square Raises $150MM, Yodlee IPO Yields $75MM

Mobile payment provider Square has landed $150 million in new venture capital in a funding round valuing the company at around $6 billion, and financial app developer Yodlee Inc. raised $75 million in its initial public offering last week.

InComm Joins MCX Fold (Sept. 30, 2014)

Prepaid product and technology provider InComm has partnered with Merchant Customer Exchange (MCX), the retailer-led consortium that recently unveiled its new mobile payments network, CurrentC.

EU Lawmakers Propose Tighter Regulations for Mobile Wallets (Sept. 29, 2014)

The Presidency of the Council of Ministers, the European Union law-making body, has recommended tightening regulations regarding customer authentication and protection of sensitive payment data related to mobile wallets, according to its recently released proposal of the revised Payment Services Directive.

Clinkle a Clunker? (Sept. 25, 2014)

After three years in “stealth mode”—and $30 million in venture funding—once-hot mobile payments startup Clinkle has finally launched, but with a drastically scaled back platform.

Citi seeks developers in global mobile banking challenge

Citi has launched a global mobile challenge that it says will help to inspire technology developers to reimagine mobile banking and payments. The bank plans to host a series of events in Miami, New York and Silicon Valley in November, after which finalists will get the chance to bring their product to market with help from Citi.

The brave new world of mobile banking

The digital era is changing your bank rapidly. Is your mobile testing & assurance practice ready? P Venkatesh, director of the product division, and Srivatsan TT, vice president of the solutions group, at Maveric Systems discuss the issues

Reports: Weve Pulls Plug on Mobile Wallet (Sept. 15, 2014)

Weve, the mobile payments joint venture from mobile operators Vodafone UK, Telefónica UK’s O2 and EE, has abandoned plans to develop its own mobile wallet product after the U.K.’s three largest mobile telecom providers failed to agree on how to run the wallet.

The mobile movement driving multi-channel banking

Despite the significant challenges faced by the UK’s banking sector over the last decade, there has been a dramatic evolution in the customer experience following the introduction of online, telephone and mobile banking. While the branch remains an important channel, especially for older customers, mobile technology is rapidly redefining how customers interact with their banks.

Will Apple Pay and Its Backers Ignite Mobile Wallets? (Sept. 11, 2014)

Numerous payments providers, financial institutions and merchants have thrown their support behind Apple Inc.’s new Apple Pay service—and if the tidal wave of early backing is any indication, the Apple and iPhone brands already may have overcome one of the most vexing issues hindering mobile wallet adoption—lack of widespread support by stakeholders in the value chain.

New Skrill App Benefits Consumers, Retailers (Sept. 9, 2014)

Online payments and digital wallet provider Skrill USA Inc. has launched a mobile app enabling its U.S. customers to manage their digital wallets more conveniently and to send and receive payments, whether they are paying for goods and services or transacting on gaming sites.

All Aboard for Apple’s NFC Payments Launch (Sept. 8, 2014)

Apple’s new iPhone 6 to be announced tomorrow is almost certain to shake things up in the fledgling mobile wallets ecosystem, with an NFC-based mobile wallet that will debut with the support of major retailers, payments networks and banks.

Getting ready for mobile payments

With the penetration of mobile devices, such as smartphones and tablets constantly growing, attention is increasingly turning to mobile marketing, mobile commerce and mobile payments. It is still the case, however, that these trends are largely played out in specialised media, and do not influence the actual behaviour of consumers. This is especially true for mobile payments, with consumers very sceptical about this concept

Isis Becomes Softcard (Sept. 3, 2014)

Isis Wallet is now Softcard. The NFC-based mobile payment initiative backed by AT&T Mobility, Verizon Wireless and T-Mobile, was snakebit earlier this year when a jihadist militant group adopted the name Islamic State of Iraq and Syria and the acronym ISIS.

Alliance Sends 20% of Monitise Workforce to IBM (Sept. 2, 2014)

U.K.-based Monitise and technology and consulting giant IBM have announced an alliance they say will improve IBM’s ability to deliver existing and future Monitise-based Mobile Money solutions to clients. The deal also will significantly increase Monitise’s ability to handle larger custom projects worldwide by combining the companies’ mobile banking, payments and e-commerce technology.

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