Friday, May 20, 2011

EMVco Publishes: Guide to EMV

A Guide to EMV

A Guide to EMV provides an introduction to the EMV Specifications, processes and the role of the technology within the wider payments industry. Of particular interest to parties migrating to EMV, it summarises implementation considerations for issuers, acquirers and merchants, as well as the responsibilities of EMVCo and its ongoing activity to advance the technology.

Effective Date	Version	Description		Download
May 2011	1.0	A Guide to EMV		Download
May 2011	1.0	A Guide to EMV: Presentation		Download

PowerPoint: Mobile 2011: Flurry on Trends in Apps

paidContent Mobile 2011: Flurry On Trends In Apps

Mobile Lowdown 5-20-11: More Apple Cloud; NFC UK; iPhone China; WP7 Verizon

From MocoNews.net

Our look at some of the big stories in mobile today: Apple (NSDQ: AAPL) files patents that point to a cloud service; two UK operators launch a long-awaited NFC payment service; Verizon gets its first Windows Phone 7 device; and is the first 4G iPhone going to appear in China?

Apple Cloud: On the heels of yesterday’s news that Apple has apparently inked a deal with EMI for streaming music, the patent blog Patently Apple has uncovered a patent filed back in Q4 2009 by Apple describing how a cloud-based music service would work. The big question: is this a smokescreen; a single bullet from the patent scattergun; or the real thing?

NFC: Just when you thought you had heard enough about plans for NFC, at last we are now starting to see some actual commercial rollouts.Yesterday, Telefonica-owned O2 in the UK announced its first partners for its as-yet unnamed mobile wallet service. They include Visa Europe, Wave Crest, FIS and Intelligent Environments. Not to be outdone, France Telecom’s Orange today launched Quick Tap, its NFC service, in partnership with Barclaycard and MasterCard, along with the first handset for the service, the Tocco by Samsung. Both are going live this summer.

Verizon: Nearly a year after Microsoft (NSDQ: MSFT) launched its latest mobile operating system, the biggest carrier in the U.S. is finally getting its first Windows Phone 7 device, the HTC Trophy. Will be interesting to see how this impacts WP7’s small market share, and whether Verizon will give it nearly as much fanfare as it did the iPhone when Apple’s device first went on to its network this year. (So far, the single press release marks a significantly different approach.)

iPhone 4: In March, the chairman of China Mobile, Wang Jianzhou, made a speech in which he said that Steve Jobs expressed interest in developing an iPhone that would work on the country’s 4G standard, TD-LTE. Mr Wang either knows something, or is simply hoping that in saying the same thing over and over, he might will it to come true, because he’s been making the same remarks again. China has 600 million mobile users, and is apparently afflicted with an illness called “Apple fever”, two facts that are surely not lost on the Cupertino-based company.

AT&T: And speaking of the iPhone, in the U.S. AT&T (NYSE: T) is the subject of a new lawsuit from users who claim that it has overcharged them by up to 300 percent for using data on the devices. AT&T denies wrongdoing.

The Evolution of Credit Card Security...Some Might Say the Lack Thereof

From Investopedia

The world of credit card security comes with an entirely new language. Words like "skimming," "shoulder surfing" and "phishing" may sound less criminal than stealing, but they are, in fact, ways in which money and personal details can be stolen off your credit card. There does not seem to be any definitive global figures on losses from credit card fraud, but a study last year by Aite Group suggested that card fraud costs the U.S. card payments industry about $8.6 billion annually, with the bulk of the losses falling on card issuers. The numbers are staggering, and the cost of fraud will only get worse if the proper technologies are not developed. The main problem the card providers face is keeping one step ahead of the criminals. Here are some of the anti credit card fraud tools and technologies in place to protect our credit cards, and what basic protection steps we should also be taking. <<read more at Investopedia>

Report: Google Pays $4.9 Million for Defunct Mobile Company, Modu's Patents

According to CNET, Google is reportedly reinforcing its mobile patent portfolio.

The company has paid $4.9 million for the patents of now-defunct Israeli company Modu, according to an Israeli business newspaper called Calcalist.

O2 Partners with Visa to Deliver Mobile Wallet in Second Half of this Year

From: Marketing Week

O2's mobile wallet will “hold” money on behalf of customers to enable them to make purchases via their smartphones, send money to other people, top up their credit and shop through their device’s browser and apps. The telecoms company will also relaunch its Visa O2 Money prepaid cards with contactless capabilities.

O2 Money will partner with Visa to deliver its “mobile wallet” contactless payment service in the second half of this year

NFC Resources: White Papers, Analyst Reports and Videos

White Papers

Alternatives for Banks to Offer Secure Mobile Payments

Mobey Forum has released a white paper which examines the role of the secure element in advancing the mobile financial services ecosystem.

Executive Summary
Security is one of the fundamental elements of any payment solution. Financial Institutions increasingly seek to mitigate the risk of fraud in order to protect their customers and hence their own payment franchise. Enhanced security on plastic cards requires a so-called "Secure Element (SE)" - like a chipcard - to store the bank's payment credentials (security keys) and other critical data. One example is the introduction of "Chip and PIN" (EMV chip-based security) on cards in Europe to replace magstripe-based systems. While the direction for plastic cards seems clear, the Industry is looking for ways to secure Mobile Payments at a comparable level. The question is then, which SE in the mobile handset is available to facilitate the mass-market introduction of secure
mobile payments? Mobey Forum has taken this topic as a subject of the current White Paper. It elaborates on the question how different Secure Elements (SEs) can enable Financial Institutions (FIs) to offer Mobile Financial Services (MFS) and hence empower the take-off of the MFS ecosystem. It is targeted at business managers in Financial Institutions. For them, it strives to clarify the business implications of the various technical SE alternatives.

The Benefits of Mobile NFC for Air Travel

GSMA and IATA have joined forces to develop this initial common understanding of the opportunities that mobile NFC could bring to the air-traveler.

This document identifies the benefits that Universal Integrated Circuit Card (UICC, also known as the “SIM card”)-based, mobile Near Field Communications (NFC) services can bring to the airline industry, airport authorities and the air-traveller. GSMA and IATA have joined forces to develop this initial common understanding of the opportunities that mobile NFC could bring to the air-traveler. This forms the basis for future collaboration to
develop the ideas and concepts presented in this document. Six different use cases have been defined where mobile NFC can bring great benefits to the airlines, airport authorities and the airtraveller, namely:

 Passenger check-in
 Baggage check-in
 Security check-point
 Lounge access
 Boarding
 Post-flight

Each use case is introduced and the benefits to each party defined.This will form the basis of further, more detailed, collaborative work to be conducted by GSMA and IATA. The primary focus of the white paper is on the improvements brought by mobile NFC to airline and airport operations and the benefits that innovative services can bring to the customer’s journey

Trusted Service Management: The Key to Accelerating Mobile Commerce
As major players struggle to define their roles in the emerging mobile commerce ecosystem, how they enable one critical service will make all the difference between slow and rapid acceptance of mobile commerce by consumers.
NFC (Near Field Communication) chip: NFC chips enable mobile devices to send account information to contactless payment readers at customer check-outs and other points of sale. These NFC chips can also read
information stored in contactless-enabled tags placed on objects such as advertising collateral and consumer products
Secure element: The secure element is a smart card module (USIM, embedded secure element or separate secure element like a secure SD memory card) used for storing and accessing applications and data in a
secure manne

Mobile payments – Keep Moving
Capgemini presents an approach for financial institutions to seize the opportunities presented by emerging mobile payment technologies.

Mobile Retail Initiative
In order to help retailers adapt to the new technology, the National Retail Federation has launched its Mobile Retail Initiative to offer best practices and learning opportunities for retailers entering the mobile space.

Proximity Mobile Payments: Leveraging NFC and the Contactless Financial Payments Infrastructure
Smart Card Alliance: Now, virtually every industry group involved in the transaction chain is investigating the use of mobile payments. And mobile payment will soon be a standard transaction method for payment in many North American merchant locations.

European Payments Council (EPC) publishes NFC white paper
EPC has published a white paper which examines the ways in which NFC technology could be used to deliver compatible mobile phone-based payments services across the 32 countries of the Single Euro Payments Area (SEPA).

Near Field Communication Forum’s White Paper on Use of NFC in Public Transport
Produced by NFC Forum members who are involved in the transport ecosystem, the 33-page illustrated White Paper will be of interest to transport operators, transport authorities and other stakeholders, offering an introduction to the potential uses, benefits, and setup of NFC technology in public transport programs.

Analyst Reports

Mobile Payments: 2010 to 2014

The 110-page report explores how stakeholders can unite to exploit this growth market and substantially increase revenues in the coming years.

U.S. Mobile Payments: The Time Has Come
A new report from Aite Group provides a roadmap to mobile payments in the United States.

Lessons from the Mobile Payments Leader: What the World Can Learn from the Japanese Market
Using the Japanese model, Celent identifies ways for the US and other countries to learn how to lay the groundwork for faster, more successful implementations of mobile NFC payment solutions.

Cell Phone Mobile Payment Market Set for Take Off
Global usage of near field communication (NFC) technology in cell phones is expected to begin an explosive growth phase starting next year, paving the way for a boom in the mobile payments business.

Case study: Mobile payments – Keep moving
Mobile payments are a hot topic of conversation right now. One of the major international card providers, Visa Europe, has added its significant weight to the discussion by announcing a tie-up with mobile payments specialist, Monitise.

Videos

iPhone 5 & NFC

Tapped-In: PayPal Aces Mobile Payments

VeriFone CEO on Securing Mobile Payments

Starbucks Mobile Payment Live Demonstration

Isis Invites "Everyone" to it's NFC Effort

Isis appeals to web giants to join its NFC initiative
POSTED BY KENNETH G. MAGES, ON MAY 19TH, 2011

Isis appeals to web giants to join its NFC initiative Venture of three US cellcos says it welcomes Google and Apple, also Sprint and the smaller US banks

. . . → Read More: Isis appeals to web giants to join its NFC initiative

Who will deliver swipe-and-pay first?

POSTED BY KENNETH G. MAGES, ON MAY 19TH, 2011

ePayments Week: Who will deliver swipe-and-pay first? Isis invites everyone into its NFC effort, rumors swirl around Apple retail, and mobile banking is on a tear.

by David Sims | @ndwoods | Comment | 19 May 2011

Swipe-and-pay cometh

. . . → Read More: Who will deliver swipe-and-pay first?

PaymentOne Corporation Named a Finalist for the 2011 Red Herring Top 100 North America Award

Leader in Mobile Payments and Carrier Billing Recognized for Strong Performance and Innovation

SAN JOSE, CA--(Marketwire - May 19, 2011) - PaymentOne Corporation®, a global leader in mobile payments and carrier billing, today announced that it has been selected as a Finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. PaymentOne shows great promise and therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."

"With over 5 billion mobile devices worldwide, m-commerce and m-payment opportunities have become ubiquitous. Virtually every connected device now becomes a potential point of sale," said Joe Lynam, PaymentOne President and CEO. "This recognition by Red Herring further underlines the financial strength, experience, and premier position PaymentOne has in carrier billing and mobile payments markets."

Finalists for the 2011 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring North America Forum in Hollywood, California, June 13 - 15, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of June 15 at the event.

About PaymentOnePaymentOne Corporation, one of the world's fastest growing payment service providers, is a global leader in carrier-based billing for landline, broadband and mobile payments. The company pioneered payment with "no credit card required" and has a 12-year track record in payment services that connect digital merchants, social media publishers, content providers and network operators. PaymentOne has generated over $4 billion in new digital revenue for brand name clients, including Blizzard Entertainment and America Online. AnyPhone™ connects with over 1100 network operators and enables over 3 billion worldwide consumers in 67 countries to simply bill digital purchases on any device to their existing mobile, broadband, or home phone bill. The company has a robust patent portfolio covering fraud prevention, authentication, and alternative payments. PaymentOne is privately held and headquartered in the Silicon Valley. To learn more visitwww.PaymentOne.com or call 800-747-4028.

About Red Herring
Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. http://www.redherring.com.

PaymentOne, AnyPhone, and PayOne are registered trademarks or trademarks by PaymentOne Corporation. All other brand names, product names, or trademarks belong to their respective holders.

Russell Simmons Responds to Florida Attorney General's Subpoena of RushCard

CINCINNATI, May 19, 2011 /PRNewswire/ -- RushCard today acknowledged that the Florida Attorney General has made a media announcement about issuing subpoenas to prepaid card companies, including RushCard.

RushCard has not yet been served with the subpoena, and therefore will not comment directly on it.

RushCard founder Russell Simmons has issued the following statement:

"I completely welcome any and all debate, discussion and understanding about the best companies in the prepaid debit card industry, which my RushCard company helped found. The RushCard is extremely transparent in terms of the presentation of its fees and its services. All of the information is available for everyone to see on rushcard.com.

"As a leader in this industry, I encourage a full understanding of RushCard's transparent pricing, and valuable services, especially for those who have been turned away or let down by traditional banks. Third party research has shown that for many customers, the best prepaid card services offer significant savings compared to what they would pay in traditional bank checking accounts, with savings of up to 50%, as documented by third party research from the nation's second largest bank by assets, JP Morgan and Company.

"RushCard is the solution for people who want affordable financial services that they can customize to suit their needs. As I look at the payments landscape, I see the banks as the large record chains and my RushCard is looking a lot more like iTunes. I welcome the public debate because the more educated the consumers are the more successful we become."

About UniRush LLC

Headquartered in Cincinnati, UniRush LLC provides members with access to services that enable them to achieve their personal and financial goals. The RushCard offers the more than 60 million Americans without access to a traditional banking relationship an array of basic financial services via the Prepaid Visa RushCard. Benefits of the program include direct deposit, the ability to withdraw funds at more than 850,000 ATMs globally, the ability to use the card wherever Visa debit cards are accepted, and a suite of health products to help those underserved by the insurance industry. For more information about UniRush and RushCard visit www.rushcard.com.

SOURCE UniRush LLC

Orange and Barclaycard Launch NFC Mobile Payments in UK

Daily Mirror: "Consumers will be able to use their mobile phones to make payments in shops following the launch of a joint venture between Barclaycard and Orange. The two groups have joined forces to create the UK's first contactless mobile phone payment system. Under the initiative people will be able to buy things costing up to £15 simply by tapping their mobile phone against a contactless payment terminal"