Mobile


People on the Move: Alan Safahi, OpenCoin Advisory Board (May 2013)

Alan Safahi, founder and CEO of ZipZap Inc., a San Francisco-based cash payment network for online financial services and e-commerce transactions, has been named to the advisory board of OpenCoin, creator of the open-source currency platform Ripple. With nearly 30 years of hands-on experience in the IT, telecommunications and financial services industries, Safahi has created […]

People on the Move: Rob von Behren, Braintree Inc. (May 2013)

Braintree Inc., a Chicago-based e-commerce payments processor, has announced that Rob von Behren has joined the company as lead engineer for its San Francisco office. He will help to advance Braintree’s position in mobile commerce, including its one-touch mobile payment solution Venmo. A long-time systems engineer, von Behren has deep experience in distributed computation, high-performance […]

MCX Ranks Swell with Southwest, More Chains (May 9, 2013)

Momentum continues to build for U.S. merchant consortium MCX, which today announced another batch of diverse merchants joining its mobile commerce effort. Southwest Airlines and Chili’s Grill & Bar are the latest to join MCX, along with other recently added companies, including DICK’S Sporting Goods, Hobby Lobby Stores Inc., Meijer and convenience store chains QuikTrip […]

Google Wallet Chief Exits Company (May 9, 2013)

Google Inc.’s vice president of payments and wallet has left the company to pursue outside interests, Google confirms. Osama Bedier, who joined Google in 2011 after eight years at PayPal, played a key role in Google Wallet’s recent milestones as well as announcing Google’s purchase of TxVia about a year ago. “We can confirm that Osama […]

Fed Group Report Cites Collaboration, Tech Advances in M-Payments (May 9, 2013)

Over the past two years, the mobile retail payments landscape has been marked by collaboration across diverse industry players, increased channel and technological convergence, market entry by nonbank entities, and technological innovation and experimentation. Those were among the findings of a new white paper issued by the Federal Reserve Banks of Atlanta and Boston, which […]

Blog: Faster Pussycat! Why Payments Need to Be Faster than a Speeding Laptop

By Nick Holland, Javelin Strategy & Research I bought a new laptop the other day. I won’t bore you with the details of its specifications, but suffice to say, as a professional nerd, I get pretty excited about these things. In fact, I got so excited that I actually bought it as an impulse purchase […]

CFPB: Gift Card Issuers Must Honor Cards after Funds Escheat to State (May 2013)

The Consumer Financial Protection Bureau (CFPB) recently published a final determination regarding whether the unclaimed property laws of Maine and Tennessee relating to unredeemed gift cards are inconsistent with and preempted by the gift card provisions of the Electronic Fund Transfer Act and Regulation E. In its ruling, the CFPB determined that Maine’s unclaimed property […]

Banks should prepare for NFC says Celent

NFC is gradually beginning to overcome the obstacles that have held back development. Banks should prepare for the coming upswing in usage, according to a new report by financial research firm Celent.

‘PayTooSwipe’ Touts Global Mobile Merchant Acceptance via EMV, NFC (May 7, 2013)

PayToo Corp. has joined forces with Mobilepaid Ltd. and AnywhereCommerce to offer PayTooSwipe, a mobile payment acceptance solution it is rolling out globally. The concept, building on PayToo’s global wallet targeting unbanked consumers and mobile payment platform, enables any smartphone or tablet to accept payment from all types of cards including magnetic stripe, EMV chip […]

Wendy’s Pilots Mobile Payment at 88 Stores in Western U.S. (May 7, 2013)

May 7, 2013 Wendy’s is the latest quick-serve restaurant to pilot mobile payments by adding a feature to its mobile app. The pilot, involving 88 Wendy’s locations in Oregon, Washington, Texas and New Mexico, enables consumers that have linked a credit card or Wendy’s gift card to the app to pay for their orders at […]

M&S Contactless Program Netting 230,000 Weekly Transactions (May 7, 2013)

May 7, 2013 U.K. retailer Marks & Spencer (M&S) has completed a rollout of contactless payment technology in 644 of its stores and now is processing 230,000 contactless payments a week. Piloted last summer in 25 of its London stores, M&S’s contactless program uses technology from Visa Europe that enables customers to pay for purchases […]

PayToo Corp. has joined forces with Mobilepaid Ltd. and AnywhereCommerce (May 7, 2013)

PayToo Corp. has joined forces with Mobilepaid Ltd. and AnywhereCommerce to offer PayTooSwipe, a mobile payment acceptance solution it is rolling out globally. The concept, building on PayToo’s global wallet targeting unbanked consumers and mobile payment platform, enables any smartphone or tablet to accept payment from all types of cards including magnetic stripe, EMV chip […]

Jury Sides with Patent Company in Gift Card Case (May 6, 2013)

A bid by a group of big-name retailers to invalidate patents related to prepaid cards has failed in federal court, leaving the merchants subject to future legal action by the holder of the patents. The case dates back to 2010, when patent holder Alexsam Inc. sued retailers, including Best Buy, JC Penney, Barnes & Noble, […]

Mobey Forum: MPOS Disrupts Payments Landscape (May 6, 2013)

Mobile point of sale (MPOS) technology, with its quick enrollment process, low-cost hardware and apps that enable mobile devices to accept card payments, is disrupting the payments landscape as it transitions from a niche solution for small merchants to a revenue generator for large retailers, according to a white paper from Mobey Forum. “Little more […]

BYNDL, Sprout Partner on M-Payments at Vending Machines (May 6, 2013)

Mobile transaction services company BYNDL Inc. has teamed up with Sprout Retail, a vending-focused consumer marketing firm, to deliver mobile payments, stored value, digital coupons and surveys to vending customers via mobile devices. Seattle-based startup BYNDL offers a “vending cloud,” which enables vending technology providers to offer their vending operator clients digital services to sell […]

Rabobank’s Inneke Bussemaker at IPS 2013

Rabobank’s Inneke Bussemaker talks about The Brave New World of Payments session she chaired at IPS 2013, taking a critical look at the future of how payments work in a world where corporates will have to adapt to a consumer-driven agenda.

Google Invests in P2P Loan Company, Rolls out Transit Card in Kenya (May 2, 2013)

Google made two moves to expand its role in financial services this week, investing in a P2P lending company and rolling out a contactless transit card in Kenya. Google acquired a minority stake in Lending Club, an online financial community that matches creditworthy borrowers with investors, providing an alternative to traditional banking with competitive loan […]

Mobile is there for the taking …

Financial institutions have owned the commercial payment space for centuries, but are now seeing a threat to their incumbency from new technologies that have opened up the industry to other business sectors. Mobile transactions in particular are shaking-up banking.

People on the Move: Mike Delagrange, Galitt (May 2013)

Galitt, a French payments and electronic transactions consultancy, has appointed Mike Delagrange senior vice president and general manager of Galitt’s U.S. operations. He will be responsible for positioning Galitt’s success in selling EMV, NFC and TSM consulting services throughout Europe to major companies in the U.S. Delagrange has more than 20 years of conventional and […]

Discover’s Joe Hurley Talks PayPal, UnionPay and More (May 2013)

Joseph Hurley has been with Discover since 1985 when the then-small company with the big idea—cash-back rewards—got started. He has held positions in marketing, product management, government relations, and network products and services. From 2008-2010, Hurley was deputy president of Diners Club International, and from 2003-2008 he served as head of global client relations and vice president […]

Ukash Inks Funds-Transfer Deal with MoneyGram (April 30, 2013)

London-based prepaid voucher specialist Ukash is extending the reach of its services further with a new deal announced this week with MoneyGram. The alliance will enable Ukash customers to send funds from the Ukash Website to recipients at any MoneyGram outlet worldwide. The service will launch in the U.K. later this year, with plans to […]

Javelin: Mobile POS Could Lead to $1.1 Trillion in New Card Payments (April 29, 2013)

The rising prevalence of mobile POS systems could result in up to $1.1 trillion in additional card payments per year and increase payment card acceptance by as many as 20 million merchants, according to a new report by Javelin Strategy & Research. Mobile POS systems like Square, PayPal Here, SpotPay and iZettle, which have become popular […]

Blog: Digital/Mobile Payments and the Power of Social Media (April 2013)

By Hunny Huria, Visa At times I’m amazed how social media has changed our lives and continues to have potential to impact it more. There are innumerable people who start the day by checking their Facebook accounts. As of December 2012, Facebook had more than half a billion daily active users, and 9 million apps […]

Early Mobile ‘Wallet Wars’ Lessons Learned

Mobile wallets are still in the formative stage of their development but a few lessons already are emerging, according to certain payment industry players sharing their experiences this week at CARTES America in Las Vegas. Inventing new ways to pay using a smartphone is not enough to justify the effort to develop mobile wallets because […]

CFPB, FDIC Weigh in on Payday, Deposit Advance Loans (April 25, 2013)

Payday and deposit advance loans were in the news today, with a new report from the Consumer Financial Protection Bureau (CFPB) and a Notice of Proposed Guidance from the FDIC each indicating that regulators soon could tighten rules governing short-term credit products. Payday and deposit advance loans can lead to a repeating cycle of indebtedness […]

MasterCard Exec: MasterPass Aims to Help Merchants ‘Differentiate’ in Converging Marketplace (April 25, 2013)

The U.S. rollout this spring of MasterCard’s MasterPass may be quieter than some other product launches because it doesn’t directly target consumers, Ed Olebe, group head, wallet services, emerging payments, MasterCard, said this week at CARTES America in Las Vegas. MasterPass, unveiled earlier this year as the successor to last year’s PayPass Wallet Services and […]

Isis Vending Program Going Nationwide (April 25, 2013)

The companies behind the Isis mobile wallet have teamed up with cashless acceptance technology provider USA Technologies (USAT) to launch a mobile payment and loyalty program for vending machines across the U.S. The partnership is an extension of USAT’s involvement in Isis’s test run in Salt Lake City and Austin, Texas, where Isis users can […]

Mobile account takeover: when device ID isn’t enough

Protect your transactions! Protect your login! Protect your mobile channel! Protect your end users! A layered security architecture is now standard for most organisations. The problem, however, with many of today’s layered security solutions is that they do not correlate information between the various layers (security risks, suspicious events, fraud indicators etc.) and thus fail to see the big picture.

Visa to Bring Mobile Banking Platform to Pakistan (April 22, 2013)

Visa Inc. is set to launch a new mobile financial service in Pakistan built on technology the payment network acquired under its 2011 purchase of mobile banking service provider Fundamo. According to a report on the Website of The Express Tribune of Pakistan, the service will use Visa’s VisaNet electronic payments processing network and will […]

MCX Picks Gemalto to Build its Mobile Wallet (April 18, 2013)

The wheels are turning for U.S. merchant consortium MCX, which this week said Netherlands-based Gemalto will build its mobile wallet. MCX, founded last year by major merchants including Wal-Mart Stores Inc., Target Corp. and CVS, altogether counts about 30 merchants as members aiming to create a broad mobile payment app streamlining payment and loyalty options […]

UnionPay, Intel Team Up on Mobile Payments (April 15, 2013)

China may be one step closer to becoming the one of the largest NFC payments markets. Shanghai-based payment card network China UnionPay (CUP) has tapped tech giant Intel to provide mobile payment services. Under the collaboration, announced last week at the Intel Developer Forum in Beijing, CUP will use Intel’s identity protection technology for its […]

Vodafone, China Mobile Look to Bring M-PESA to Myanmar (April 15, 2013)

The M-Pesa mobile money transfer service could be coming to Myanmar, thanks to a joint bid by Vodafone and China Mobile. The companies are among 12 groups being considered by the Myanmar government for one of two licenses to operate a mobile network in the Southeast Asian nation, according to a report in the Financial […]

Banks opt for hosted mobile services says Celent

As Banking 3.0 continues its inexorable rise, banks are increasingly turning to hosted mobile services developed with vendors – but there is still more work to be done before mobile banking becomes mainstream, according to a new report by analyst firm Celent.

The limits of the mobile revolution

Senior financial executives have clashed over the extent to which mobile payments technology has failed to reach its potential – and the best way to fix it.

Mobile opportunities for banks

The emergence of alternative payments providers such as PayPal and the growth of mobile payments systems such as M-Pesa should be seen as a major opportunity for banks, not a threat, according to Ron van Wezel, global head of emerging payment streams at Deutsche Bank.

MasterPass Digital Wallet Heads to Canada (April 11, 2013)

Canadian consumers will be the first in North America to be able to use MasterCard’s new MasterPass digital wallet, the company announced today. Unveiled in February at Barcelona’s Mobile World Congress, MasterPass offers users a cloud-based mobile solution for online shopping. Consumers can store up to 25 credit, debit or prepaid cards in the wallet—whether […]

E-Wallets Drive NFC-Enabled SIM Card Shipments (April 11, 2013)

Global shipments of NFC-enabled SIM cards rose 87 percent in 2012 compared with the previous year, according to SIMalliance. The London-based nonprofit trade association, which supports the creation, deployment and management of secure mobile services and applications, this week released a report on 2012 SIM shipments based on data provided by its members, which represent […]

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