Blog: Not Your Father’s Distribution Strategy
By Charnsin Tulyasathien, epay
The mobile space has changed—from the early, “Wild West” days where subscribers represented land, and service providers represented pioneers grabbing as much as they could.
Mobile
Blog: ‘All in’… ‘Double Down’… ‘Jackpot’…
Why prepaid is a winning play for casinos and their customers
By Alpesh Shah, FIS
PayPal, Braintree Reach $800 Million Purchase Agreement (Sept. 26, 2013)
It’s official; eBay Inc. has announced it will acquire e-commerce processor Braintree Payment Solutions in an $800 million deal that will bring Chicago-based Braintree under eBay’s PayPal business unit. The two companies were reported to be in negotiations for a sale earlier this week. With the purchase agreement in place, PayPal gains Braintree’s more than […]
m-POS Rivals Intuit and Square Announce QuickBooks Integration (Sept. 26, 2013)
Capitalizing on explosive growth in the m-POS arena, Square this week announced an integration with Intuit Inc.’s popular QuickBooks business and financial management software, enabling users of Square’s m-POS solutions to automatically import transactions directly into QuickBooks to streamline their operations.
Zagat, i2c Launch Virtual Gift Card (Sept. 26, 2013)
Zagat, known for its ratings guide for restaurants and nightlife, has launched the Zagat Dining Card, an electronic gift card currently accepted at nearly 230 restaurants in New York City.
Report: Greater Input Helps CFPB Avoid Missteps (Sept. 24, 2013)
The Consumer Financial Protection Bureau (CFPB) is most successful when it solicits wide-ranging input before issuing guidance; when the agency doesn’t is when it could falter, according to a new report by the nonprofit organization Bipartisan Policy Center (BPC).
Visa Europe adopts BT’s managed network
Visa Europe’s decision to place its internal and external communications networks into the hands of BT will help the firm to realise economies of scale and offer a more efficient service to customers, according to Chris Pickles, Head of industry initiatives at BT.
Italian Bank to Offer payleven mPOS System (Sept. 23, 2013)
Europe-headquartered mobile payments provider payleven has inked a deal to make the company’s mobile payment card reader system available to clients of Italian bank BancoPosta.
Google Wallet Connects to iPhone (Sept. 19, 2013)
Google Wallet has cracked the iPhone barrier, proving, some would say, there’s no reason to wait for NFC to advance mobile payments.
Study: Young Consumers Ready for Mobile Payments (Sept. 19, 2013)
Younger consumers likely will lead the charge toward mobile payments ubiquity over the coming years, but they have certain expectations that must be met by providers who seek to harness that demand, according to a new report from payments processor Vantiv Inc.
Omnichannel: the new normal for retail banks
With customers expecting consistent service across all channels, banks must step up to the plate and streamline their processes when it comes to customer interaction. Using the omnichannel approach, they’ll also reap the rewards of better customer intelligence and a clear idea of how best to spend precious budgets.
PreCash Sees Bill Pay as Acquisition Gateway (September 2013)
Houston-based provider launches bill pay/mobile app combo as ‘ideal hook’ to establish customer relationship that expands to other financial services, including prepaid.
Retail banking: underwriting the revolution
New technologies are transforming the consumer experience in retailing and in banking. For banks to remain relevant, they need to work with innovators, writes Paul Skeldon
Barclays builds on Pingit head start
Barclays is making a determined effort to capitalise on the two-year lead it has built up with its Pingit mobile payments application with two new applications intended to allow retailers to integrate mobile payments into their services.
Standard Chartered backs mobile wallets
Standard Chartered has launched a mobile wallet service targeted at corporate clients in Kenya. The service has been developed in partnership with Safaricom, which operates the mobile money transfer service M-Pesa. The bank hopes the deal will herald the start of a major drive to open up financial inclusion in emerging markets.
New Age of Bank-Technology Partnerships (September 2013)
The partnerships banks are forming with financial technology suppliers today look very different than routine client-vendor relationships of past decades, and one of the most interesting aspects of the trend is how both sides are transforming each other.
Visa, Docomo Prep Virtual Prepaid Card in Japan (Sept. 17, 2013)
Visa’s Japanese subsidiary Visa Worldwide (Japan) Co. is joining with mobile telecom provider NTT Docomo Inc. to launch what the companies are calling Japan’s first mobile-based virtual prepaid card for online shopping.
Capital One Exits Isis Mobile Wallet (Sept. 16, 2013)
Capital One Financial Corp. this week ends its trial run with the Isis Mobile Wallet, raising questions about what combination of payment cards Isis will have when the wallet officially launches later this year.
Pingit Adds Pair of Mobile Shopping Features (Sept. 16, 2013)
Users of Barclays Pingit U.K. mobile money transfer app have two new ways to make online purchases, with a pair of features being launched this week.
MasterCard: Prepaid is Fastest-Growing GDV Category as Digital Payments Grow Worldwide (Sept. 12, 2013)
Prepaid accounted for the strongest growth rate in gross dollar volume (GDV) for all payment card types during the first half of this year for MasterCard Worldwide, as prepaid card use cases expanded worldwide, the network told investors yesterday.
Sprint ‘Boosts’ Wallet with Remote Check Deposit Service (Sept. 12, 2013)
Sprint’s Boost Mobile Wallet users now have a way to turn checks into instant funds with a new service dubbed Quick Check, which uses remote deposit capture to deposit checks into customers’ wallet accounts.
Blog: Never Count Microsoft Out: Microsoft-Nokia Acquisition Analysis (September 2013)
Mary Monahan, Javelin Strategy & Research
Microsoft’s canny purchase of Nokia for the bargain price of $7.2 billion reopens the rumors that Stephen Elop’s move to Nokia was a Trojan horse, intended to open the doors to the announcement last week.
Blog: Fraud Trends to Watch
By John Dancu, IDology Fraud? Oh no … couldn’t happen to me! Is that how you or your organization approaches potential fraud? Well … if it is, it might be time to take a closer look. In our recent “Fraud Report,” which polled senior executives from our customer base of financial service providers and companies […]
PayPal Preps ‘Hands-Free’ Payments; Apple Debuts Fingerprint Security (Sept. 10, 2013)
PayPal could give mobile commerce a big boost with the introduction of PayPal Beacon, a service it’s piloting this fall that will enable customers who opt in to pay “hands-free” with their PayPal mobile apps at participating merchants.
Payments in Transit: Ventra Rolls Out in Chicago, Octopus Unveils Mobile Plans (Sept. 10, 2013)
Two major mass transit contactless payment initiatives are speeding forward this week, with the debut of Chicago’s Ventra system and the announcement of a smartphone-based payment feature for Hong Kong’s transit network.
Sumitomo to Launch payWave-Based NFC App (Sept. 10, 2013)
Japanese banking group Sumitomo Mistui will launch a new NFC payment service that will be available through all three of the country’s mobile network operators and more than 30 NFC-enabled smartphone models.
PayPal’s Mobile App Redesign Touts POS Acceptance, Merchant Deals (Sept. 9, 2013)
PayPal is making a splash with a redesign of its mobile app that pulls together several of the company’s latest initiatives into a digital wallet emphasizing consumer benefits, including instant discounts and the ability to pay at the POS.
Vodafone, Visa to Pilot New Zealand NFC Wallet (Sept. 9, 2013)
Vodafone and Visa are teaming up to launch an NFC-based mobile payment pilot in New Zealand.
mPOS Takes to the Sky with Delta In-Flight Sales Platform (Sept. 9, 2013)
Delta Air Lines has equipped more than 19,000 of its flight attendants with Nokia Lumina mobile devices with mobile POS capability for the airline’s new in-flight purchase program.
Mint Wireless Unveils New Platform for Australia, New Zealand Payments (Sept. 4, 2013)
Australia-based mobile payment processor Mint Wireless has announced the launch of a new platform the company says will simplify the integration of card payments across multiple mobile devices and platforms.
More Payment Terminal and Software Providers Support Isis SmartTap (Sept. 4, 2013)
Isis says it’s bolstering its market position before its national rollout with a handful of payment terminal manufacturers and software providers that are integrating Isis SmartTap capabilities into a range of POS systems, including integrated POS terminals and vending machines.
MasterCard, Blue Label Telecoms Tackle Card Acceptance in Rural South Africa (Sept. 3, 2013)
Blue Label Telecoms today announced a partnership with MasterCard that will expand electronic payment terminals to 22,000 small traders and rural shops in South Africa.
PreCash Eyes Bill Pay/Mobile App Combo to Drive Customer Relationships (Sept. 3, 2013)
Payments processor PreCash is combining a mobile app with its bill payment technology to help consumers pay bills with cash, which the company hopes will translate to a broader financial services relationship with PreCash.
Win Me Over: What Will it Take for Consumers to Embrace Mobile/Digital Wallets? (September 2013)
What consumers want from mobile wallets is a question not easily answered, nor is it clear whether any of the mobile wallets developed so far will hit the jackpot in creating a consumer experience compelling enough to change entrenched habits.
Banco Santander Partners with iZettle in Mexico, Oberthur in Chile (Sept. 3, 2013)
Less than three months after iZettle’s first venture outside of Europe, the Swedish mobile payments company again has partnered with Spain’s Banco Santander to launch its m-payments service, which enables customers to accept card payments with their smartphones or tablets and an iZettle card reader, in Brazil.
MasterCard, C-SAM Continue Global Wallet Initiative with Japan Launch (Aug. 29, 2013)
Aug. 29, 2013 MasterCard is joining with mobile payment technology provider C-SAM and mobile wallet service provider DNP to bring a white-label NFC-based mobile wallet service to Japan. The service will integrate MasterCard’s PayPass Wallet Services contactless payment technology with C-SAM’s mobile transaction platform and DNP’s mobile wallet services, enabling merchants to offer their customers […]
Report: India’s Prepaid Card Market to Grow 40 Percent Through 2017 (Aug. 29, 2013)
Aug. 29, 2013 Prepaid cards are booming in India, where the prepaid card market is on track to grow 40 percent over the next four years, according to a new report from the Noida, India-based firm RNCOS Research. In its Indian Prepaid Card Market Outlook to 2017 report released this month, the consulting firm said […]
Fiserv Banks on Rise of Tablets with New Mobile Banking Service (Aug. 29, 2013)
Aug. 29, 2013 Financial services technology provider Fiserv Inc. is seeking to capitalize on the recent boom in tablet-based banking with a new turnkey mobile banking app specifically for tablet users. The Mobiliti: Tablet service is being offered to banks and credit unions, which can use the system to offer their tablet banking customers a […]
TSYS Inks Deal with Discover to Process In-Store PayPal Transactions (Aug. 26, 2013)
Aug. 26, 2013 Another element of PayPal Inc.’s in-store payments strategy fell into place today with the announcement that TSYS has inked an agreement with Discover Network to process PayPal transactions at U.S. brick-and-mortar locations as part of the PayPal in-store payment acceptance partnership announced last year with Discover. TSYS’s involvement will provide an expanded […]
Vodafone Expands Availability of M-Pesa (Aug. 26, 2013)
Aug. 26, 2013 Vodafone continues to expand availability of M-Pesa throughout India as it readies the launch of the money service in at least two other countries by the end of this year. As an expansion of its partnership with ICICI Bank, India’s largest private sector bank, M-Pesa is now available to consumers in Delhi, […]
