LevelUp Announces $12 Million in Funding including some from Google Ventures

According to PaymentsNews, SCVNGR, the maker of LevelUp,  announced it raised $12 million in funding with participation from existing investors Highland Capital Partners, Google Ventures, Balderton Capital and new investors Continental Investors and Transmedia Capital.

Here's their press release:

June 07, 2012 02:37 PM Eastern Daylight Time 

LevelUp Raises $12 Million As Part of Larger Fundraising Round to Expand Mobile Payment Product

Continental Investors, Highland Capital Partners, and Google Ventures Among Those Participating in Financing

BOSTON--(BUSINESS WIRE)--SCVNGR, makers of SCVNGR, the mobile game, and LevelUp, the app that lets you pay with your phone to save time and money, today announced that it has raised $12 million in funding with participation from existing investors Highland Capital Partners, Google Ventures, Balderton Capital and new investors Continental Investors and Transmedia Capital.

“We’re impressed by the product’s success to date and are excited to provide additional support as LevelUp scales nationally and the mobile payments industry continues to evolve at a fast pace.”

Part of a larger round of fundraising, the $12 million in financing will support the rapid growth ofLevelUp, the mobile payment app which is now available at more than 3,000 merchant partners in 8 U.S. cities, including well-known fast-casual chains like boloco, Johnny Rockets, and Ben & Jerry’s. LevelUp has nearly 200k users who are spending at a volume of $2 million per month with the app, and the fundraising round at large will be focused on the product’s nationwide expansion.

“LevelUp adds tremendous value for both merchants and consumers and has quickly accelerated to become a leading player in a highly competitive space, ” said Google Ventures Partner Rich Miner. “We’re impressed by the product’s success to date and are excited to provide additional support as LevelUp scales nationally and the mobile payments industry continues to evolve at a fast pace.”

Launched by Boston-based SCVNGR in July 2011, LevelUp enables its users to pay with their phones by linking their credit or debit card to the app and scanning it at checkout. In turn, businesses on LevelUp are able to attract new customers with incentives while motivating them to become regular customers with loyalty rewards.

LevelUp is also expanding its staff to accommodate the product’s rapid growth, adding 40 new recruits to its sales team in recent months. At the executive level, LevelUp has also appointed Paul Purcell of Continental - a participant in the $12 million funding round - as an observer on the Board of Directors.

"LevelUp has developed a robust and highly functional technological platform and is developing a network based approach to the payments industry that is bringing true innovation and revolutionary value to merchants and consumers,” said Purcell. “We are excited to have the opportunity to work with this talented group of entrepreneurs led by Seth Priebatsch."

According to SCVNGR Chief Ninja Seth Priebatsch, "The whole team here is incredibly excited to have such great partners backing us on our mission to make LevelUp the #1 payment method in the country. Our vision is to make LevelUp the first interchange zero payment network. That means we're working to bring the cost of moving money down to nothing and enabling businesses to re-invest that cost into growing their businesses, by attracting new customers and bringing them back more often."

For more information on LevelUp, visit http://www.thelevelup.com.

About LevelUp:

LevelUp is the free mobile app that lets you pay with your phone to save time and money. Everyone on the planet wants to save time and money without thinking. Everyday you don’t use LevelUp, you are leaving money on the table. To get started, visithttp://www.TheLevelUp.com. Based in Boston, MA, SCVNGR + LevelUp is funded by Google Ventures, Highland Capital Partners and Balderton Capital.

Contacts

Kel & Partners
Jennifer Brogan, 617-904-9393 x 136
Jennifer@kelandpartners.com

SCVNGR finds $12 million more to support LevelUp mobile payment product
Boston.com
But the money will go to support a newer SCVNGR product that seems to be building more momentum: the company's LevelUp mobile payment offering. It lets you pay for retail transactions simply by showing the screen of your mobile phone, and it allows ...

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Shipments of NFC Ready POS Terminals Doubled to 2.5 Million

Shipments Of NFC-Ready POS Terminals Doubled To 2.5 Million In 2011

June 7, 2012

According to a new research report from Berg Insight, the market for NFC-ready POS terminals grew fiercely in 2011 with annual shipments doubling to an estimated 2.5 million units worldwide. The rapid growth was driven by a transition in the NFC-payments ecosystem from performing trials to accelerating the rollout of NFC-ready payment infrastructure, in preparation for the arrival of NFC-based mobile payment services. Berg Insight forecasts that the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 49.4 percent from 3.9 million units in 2011 to 43.4 million units in 2017. This corresponds to an increase in the penetration rate from 8 percent in 2011 to 53 percent in 2017. The penetration rate is projected to be highest in North America where an estimated 86 percent of the terminals will be NFC-ready by 2017. The penetration rate in Europe and the rest of the world will be 78 percent and 38 percent respectively.

Berg Insight expects that the emergence of mobile wallet services will be the most significant development in the payments industry during the next few years. “Mobile wallet services will create an unprecedented opportunity for retailers to interact with consumers in real-time while their purchasing decisions are being formed, for instance by delivering personalized offers in real-time while consumers are inside the shop”, says Lars Kurkinen, Telecom Analyst, Berg Insight. He adds that support for value-added services such as coupons, loyalty cards and daily deals will need to be integrated at the point of sales terminal to enable a seamless shopping experience for the consumer. The analyst firm’s study also explores the use of mobile payments in market segments such as vending and parking. “In the parking market a growing share of transactions are initiated from mobile phones instead of parking meters. This development is pushing major parking meter vendors to diversify into the pay-by-phone parking market”, says Mr. Kurkinen. He adds that SMS-based payments for vending are gaining momentum in some parts of Europe. An example is Selecta, the leading European vending operator, which recently rolled out SMS-payments to all of its public vending machines in Switzerland.

Download report brochure: Retail Applications and Wireless M2M

About Berg Insight
Berg Insight offers premier business intelligence to the telecom industry. We produce concise reports providing key facts and strategic insights about pivotal developments in our focus areas. Our vision is to be the most valuable source of intelligence for our customers.

SOURCE: Berg Insight

Smart Card Alliance Latin America (SCALA) EMV Roadmap White Paper Now Available in Spanish and Portuguese

SOURCE: The Smart Card Alliance

June 06, 2012 07:00 ET

SCALA to Distribute White Paper to Attendees at 'EMV Tour - Quito 2012' in Ecuador

QUITO, ECUADOR--(Marketwire - Jun 6, 2012) - To further aid the on-going EMV implementations in Latin America and the Caribbean, the Smart Card Alliance Latin America (SCALA) chapter today announced that its EMV roadmap white paper, "Card Payments Roadmap in Latin America: How Does EMV Impact the Payments Infrastructure?" is now available in Spanish and Portuguese. SCALA also announced that the Spanish-language white paper will be distributed free of charge to all attendees of the "EMV Tour - Quito 2012" conference event being held today in Quito, Ecuador. Others can download the translated white paper by visitinghttp://latinamerica.smartcardalliance.org/pages/publications-card-payments-roadmap-in-latin-america-how-does-emv-impact-the-payments-infrastructure.

"This event is part of SCALA's EMV tour conferences around Latin America and the Caribbean, an educational initiative aimed to fill the need for impartial resources and information about the steps required and the options for the migration," said Edgar Betts, associate director of SCALA. "Making this white paper available in both Spanish and Portuguese will spread the knowledge of industry best practices for EMV migration to industry leaders and key decision makers, in their own languages."

The white paper serves as an objective tool for all payments stakeholders, including issuers, acquirers, merchants, processors, and suppliers of hardware, software, and support services, to educate themselves on the actions they need to consider to issue, accept and process EMV transactions.

Topics covered include:

• A roadmap of deployment options that outline the impact of the global and regional deployments of EMV for Latin America and the Caribbean.
• A primer on EMV security specifications for card authentication methods, cardholder verification methods and transaction authorization approaches and implementation options for each.
• The relationship between EMV, contactless payments and Near Field Communication (NFC).
• An overview of changes required in the issuing, acquiring/processing, merchant and ATM payments infrastructure to support the different EMV roadmap options.

The "EMV Tour - Quito 2012," is today, June 6, 2012, at the JW Marriott Hotel Quito in Ecuador. The event is co-organized by SCALA and the media group PaymentMedia, and will cover payments technology, industry best practices and standards. SCALA and PaymentMedia have worked closely with Banred S.A., MasterCard Worldwide, and Visa Inc. to create an agenda that will appeal to all audience members.

Visa, Inc. was the sponsoring organization for the Spanish translation of the white paper. Additional SCALA Financial Payment Council member organizations include: Banred S.A., Banco do Estado do Rio Grande do Sul - Banrisul, Evertec Latino America S.A., First Data CAC, Gemalto, Giesecke & Devrient, Global Enterprise Technologies Group, IntelCav, Inteligensa, Magicard - Ultra Electronics Card Systems, MasterCard Worldwide, Oberthur Technologies, Redeban Multicolor S.A., Safran Morpho, Smartrac Technology Group, Telered S.A, and Verifone Inc.

To read what leading experts have to say about SCALA's white paper, visithttp://latinamerica.smartcardalliance.org/resources/pdf/EMV_Quotes.pdf. For more information on SCALA, visit http://latinamerica.smartcardalliance.org/.

About the Smart Card Alliance Latin America (SCALA)The primary mission of the Smart Card Alliance Latin American chapter is in line with the overall goals of the Alliance: to stimulate the understanding, adoption, use and widespread application of smart cards technology in Latin America and the Caribbean. SCALA works through specific projects such as trilingual education programs, market research, advocacy, industry relations and open forums to keep Latin American chapter organization members connected to industry leaders and innovative thought.

SmartMetric Secures Additional $1 Million in Funding

SOURCE: SmartMetric, Inc.

June 06, 2012 09:30 ET

New Capital to Complete Company's Production Facility in Buenos Aires

BAY HARBOR ISLANDS, FL--(Marketwire - Jun 6, 2012) - SmartMetric, Inc. (OTCBB: SMME), developer of "secured by Biometrics" Credit and Identity Cards, announced today that it has secured another $1 million (USD) in funding from private strategic investors. The additional capital will be applied to operations, most directly to complete the company's production facilities in Buenos Aires, where the company will install key robotic assembly equipment. This will finalize SmartMetric's full-scale manufacturing capabilities of its enhanced fingerprint activated EMV Cards.

"With the recent Appeals Court ruling on the SmartMetric Patent Law Suit against Visa and MasterCard favoring SmartMetric on EMV contact cards, SmartMetric is in a position to corner the market on nearly every EMV credit or debit card issued and to be issued in the U.S. -- already 1.5 million -- as well as new business opportunities worldwide," said Chaya Hendrick, President & CEO, SmartMetric.

SmartMetric's solutions combine two advanced technologies into one card, namely smart card chip and Biometrics rather than the less secure "chip and PIN" model. The market size for the SmartMetric "Chip & Biometric" EMV Card is global and growing very rapidly. According to EMVCo, approximately 1.2 billion EMV cards have been issued globally and 18.7 million POS devices accept EMV cards as of the first quarter of 2011. This represents 40.1 percent of the total payment cards in circulation and 71 percent of the POS devices installed globally. EMV Card and terminal deployments confirm EMV as the global payment standard. EMV cards are chip and PIN smart cards.

For more information, please visit SmartMetric's corporate site at www.smartmetric.com.

About SmartMetric:The SmartMetric, Biometric Card Computer provides powerful computing with large memory capacity in a revolutionary size that has taken more than 10 years of research and development. Using the latest in sub micro technology electronics, the company has achieved a level of miniaturization that allows it to release a solution of portable computing power that, combined with SmartMetric's biometric fingerprint in-card scanning technology, is so revolutionary it will change the way business is done and information is handled across a broad range of industries. For further information please go to the company's website: www.smartmetric.com

Mercator Report says too early to make the call on the 5 Mobile Giants

Too Early to Call: Five Mobile Giants

New research from Mercator Advisory Group reviews recent innovations and potential for mobile payments.

The impact of Internet and mobile-based competition on the payments industry is at an early stage. But it is changing as innovative approaches to engage the consumer shift brand awareness and revenue opportunities.

Boston, MA (PRWEB)

Mobile payments and commerce transactions -- particularly the moves by leading entrants Google, PayPal, Isis, Facebook, and Apple -- are at the center of a wave of technical innovation, venture capital investment, and business model disruption. Despite all of that attention, most of these approaches are hardly revolutionary in their impact on the overall payments industry. Card network and ACH-based settlement remain firmly in place. That said, innovation where payments meet the customer -- the mobile device -- is shifting the relationship among consumers, merchants, card brands, and financial institutions.

Mercator Advisory Group's new report Too Early to Call: Five Mobile Giants introduces a straightforward method of evaluating payment innovation and provides a backdrop and forward-looking picture of payment industry evolution over the next five years. The report also examines the five mobile giants and their prospects against five criteria.

Highlights of this report include:

Five criteria used to evaluate entities born out of the Internet and mobile communications revolutions

The unique and overlapping capabilities Google, Isis, PayPal, Facebook, and Apple bring to the payments and commerce functions

The effects of Google's overreliance and suggested strategies to provide more focused offering for merchants and issuers as well as expand its business-to-business offerings

The potential means NFC's peer-to-peer (P2P) mode offers to go around the mobile network operators and the trusted service manager modelT

The impact the five mobile giants of Google, Isis, PayPal, Facebook, and Apple will have on card brands and individual issuers

"The impact of Internet and mobile-based competition on the payments industry is at an early stage. But it is changing as innovative approaches to engage the consumer shift brand awareness and revenue opportunities," states George Peabody, author of the report and Director of Mercator Advisory Group's Emerging Technologies Advisory Service. "Each of the mobile giants considered here has unique strengths and competitive capabilities."

This report is 36 pages long, with 12 exhibits.

Companies mentioned in this report include:Google, PayPal, Isis, Facebook, Apple, Visa, MasterCard, Discover Networks, InteliSpend, TxVia, Maritz, Blackhawk Networks,American Eagle Outfitters, Banana Republic, Bloomingdale's, Macy's, the Container Store, Foot Locker, Citi, Sprint, Verizon Wireless, AT&T Mobility, T-Mobile USA, Home Depot, NCR, IBM, Fujitsu, MICROS, Square, National Retail Federation, Guess Jeans, PacSun, Chase, Barclaycard, Capital One, Gemalto, Zynga, HTC, Sony Ericsson, and Samsung.

Members of Mercator Advisory Group's Emerging Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.

Please visit us online at http://www.mercatoradvisorygroup.com.

M-Commerce Technologies Trends Discussed in New Mind Commerce Publishing Report Available at MarketPublishers.com

New research report “Mobile Commerce Technologies” elaborated by Mind Commerce Publishing has been recently published by Market Publishers Ltd. According to the report, m-commerce is expected to reach USD 10 billion by 2013-end, recording 39% CAGR that is likely to continue over the next five years.

http://marketpublishers.com/

London, UK (PRWEB) June 07, 2012

Mobile commerce (m-commerce) is expected to reach USD 10 billion by 2013-end, recording 39% CAGR that is likely to continue over the next five years.

Various new use cases involving tablet PC's and the next generation smartphones, new business models involving social networking, user-generated content, instant messaging, location-based services, search and discovery are all driving a more open environment in which users can share, collaborate and exploit content free from carrier restrictions.

New research report “Mobile Commerce Technologies” elaborated by Mind Commerce Publishing has been recently published by Market Publishers Ltd.

Report Details:

Title: Mobile Commerce Technologies
Published: June, 2012
Pages: 164
Price: US$ 1,995.00
http://marketpublishers.com/report/technologies_electronics/telecommunications/mobile_commerce_technologies.html

The research report provides in-depth analysis of the current and anticipated future m-commerce technologies, as well as details on the key m-commerce vendors.

A Mobile Account Solution for Underserved Merchants Worldwide

Rev Unveils RevCOIN, A Mobile Account Solution for Underserved Merchants Worldwide (via PR Newswire)

AUSTIN, Texas and CHICAGO, June 7, 2012 /PRNewswire/ -- Rev Worldwide, a global payment company for underserved markets, today announced, as participating member of the Clinton Global Initiative America Panel on Financial Inclusion, an international mobile payments solution allowing businesses of…

PCI Security Standards Council Announces Keynote Speakers for Asia Pacific Meeting

June 06, 2012 08:00 PM Eastern Daylight Time 

- Payment security experts to share insight on data security landscape in APAC region -

WAKEFIELD, Mass.--(BUSINESS WIRE)--The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS), today announced keynotes speakers for the Council’s Asia Pacific event in Singapore on Thursday, June 14 at the Hilton Singapore.

“We’re excited to tap into the payment card security expertise in this region by welcoming these expert speakers to the town hall meeting”

The one-day event for Asia Pacific PCI stakeholders will feature Bob Russo, general manager, PCI Security Standards Council; Troy Leach, Chief Technology officer, PCI Security Standards Council; Detective Sergeant Ritchie Sim, senior investigator, New South Wales Police Force; and Johan Öman, core PFI investigator and head of IT security, Cybercom International:

• PCI SSC General Manager Bob Russo will provide insight into the PCI Council’s current standards activities, operations and future plans, as well as opportunities for participation.
• PCI SSC Chief Technology Officer Troy Leach will discuss the latest updates on key technology areas the Council and its stakeholders are working on, including mobile payment acceptance security, point-to-point encryption, cloud computing and tokenization. He will also provide recommendations to attendees on how to plan ahead for PCI and build a security lifecycle into the business.
• Detective Sergeant Ritchie Sim will present a case study based on his work with the Fraud and Cybercrime Squad at the New South Wales Police Force investigating credit card fraud, money laundering and related crimes. Specifically, he will discuss lessons learned from investigations around skimming of EFTPOS machines in Australia.
• Singapore-based forensics expert Johan Öman will share insights into payment card security forensics, highlighting global and regional trends based on his work as a PFI investigator.

The agenda also includes both networking and question and answer sessions to allow participants to interact and share best practices with Council staff and each other.

“We’re excited to tap into the payment card security expertise in this region by welcoming these expert speakers to the town hall meeting,” said Bob Russo, general manager, PCI Security Standards Council. “Attendees will benefit from hearing these unique insights and perspectives on improving payment security in APAC and globally.”

Attendance at the one-day event is complimentary and open to all PCI stakeholders – from Participating Organizations and assessors to card brands and those interested in payment security.

In conjunction with the event, two training offerings are available, allowing attendees to make the most of their travel time and budgets:

• Internal Security Assessor Training – Tuesday June 12 & Wednesday June 13
• PCI Awareness Training – Friday June 15

Registered attendees can RSVP on LinkedIn to jumpstart their networking:

PCI Asia Pacific Meeting: http://linkd.in/HX6LdM

About the PCI Security Standards Council

The PCI Security Standards Council is an open global forum that is responsible for the development, management, education, and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. Founded in 2006 by the major payment card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the Council has over 600 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit: http://pcisecuritystandards.org.

MasterCard’s Board of Directors Announces Quarterly Dividend and $1.5 Billion Class A Share Repurchase Program

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Incorporated (NYSE: MA) today announced that its Board of Directors has declared a cash dividend of $0.30 per share payable on August 9, 2012 to holders of record of its Class A common stock and Class B common stock as of July 9, 2012.

“This stock repurchase program is the result of a periodic review of our capital structure”

The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.5 billion of its Class A common stock.

The new $1.5 billion share repurchase program will become effective at the completion of the Company’s previously announced $2 billion Class A share repurchase program. As of May 31, 2012, the Company had approximately $270 million remaining under the current $2 billion share repurchase program authorization.

“This stock repurchase program is the result of a periodic review of our capital structure,” said Ajay Banga, president and chief executive officer, MasterCard Worldwide. “Our strong and consistent cash flow generation affords us the flexibility to return cash to our shareholders through tools such as this stock repurchase program, while continuing to pursue our business strategy and invest in the growth of our business.”

MasterCard Announces Annual Meeting Results

Stockholders Re-Elect Eight Members to Board of Directors

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Incorporated (NYSE:MA) announced the results of its Annual Meeting of Stockholders, held earlier today at the Company’s worldwide headquarters in Purchase, NY.

At the meeting:

• the following directors were re-elected with a term to expire in 2013: Ajay Banga, President and Chief Executive Officer, MasterCard Incorporated; David R. Carlucci, Former Chairman and Chief Executive Officer, IMS Health Incorporated; Steven J. Freiberg, Chief Executive Officer, E*TRADE Financial Corporation; Richard Haythornthwaite, Chairman of the Board, MasterCard Incorporated, Non-Executive Chairman, Network Rail; Marc Olivié, President and Chief Executive Officer, W.C. Bradley Co.; Rima Qureshi, Senior Vice President and Business Unit Head, CDMA Mobile Systems, Ericsson; Mark Schwartz, Chairman, MissionPoint Capital Partners, LLC; Jackson P. Tai, Former Vice Chairman and Chief Executive Officer, DBS Group and DBS Bank, Ltd.;

• the compensation of MasterCard’s executive officers’ compensation was approved on an advisory basis;
• the Company’s non-employee director equity compensation and employee long-term incentive plan, each as amended and restated, were both approved; and
• the appointment of PricewaterhouseCoopers, LLP as the Company’s independent registered public accounting firm for 2012 was ratified.

Addressing stockholders on the Company’s business, MasterCard President and Chief Executive Officer Ajay Banga noted that the Company’s global reach continues to drive momentum.

“We continue to grow, diversify and build our business as consumers, governments and businesses move from paper-based transactions to more efficient forms of electronic payments. With 85 percent of the world’s transactions still made with cash and checks, we remain focused on delivering innovative products and solutions and working toward our vision of a world beyond cash that will make payments, safer, simpler and smarter.”

CardinalCommerce Corporation to Partner With Planet Payment, Inc.

Source: Planet Payment Date: June 05, 2012 10:03 ET

Enhancements to Planet Payment's eCommerce Gateway With 3-D Secure(TM) Delivered Through Cardinal Centinel(R)

CLEVELAND and LONG BEACH, N.Y., June 5, 2012 (GLOBE NEWSWIRE) -- CardinalCommerce Corporation, the world-leader in enabling remote commerce (internet, mobile, etc.), and Planet Payment, Inc. (LSE:PPT) (LSE:PPTR) (OTCQX:PLPM), a leading provider of international and multi-currency payment processing services, announced the integration of Cardinal's 3-D Secure solution, Cardinal Centinel®, with Planet Payment's iPAY multi-currency eCommerce gateway. Cardinal Centinel provides online and mobile merchants with a solution to reduce fraudulent chargebacks, manual reviews and interchange rates. Online customers are asked to enter a PIN code at checkout, which is verified by the bank that issued the credit card. The 3-D Secure program is supported by Visa and MasterCard under the Verified by Visa® and MasterCard SecureCode® branded authentication initiatives. The Centinel platform can reduce operational costs and losses incurred due to fraud including chargebacks and fines. As a result of the agreement with Cardinal, Planet Payment customers can now receive the fraud protection and benefits offered by the 3-D Secure programs. "3-D Secure helps online merchants fight Internet fraud and reduces their cost of selling online. 3-D Secure also enhances our merchants' ability to expand into overseas markets," stated Scott Goldthwaite, Senior Vice President of Product Management and Marketing for Planet Payment. "As an international multi-currency processor, Planet Payment shares one of Cardinal's goals to bring secure remote transactional capabilities to customers all over the world, '' said Colt McCutcheon, Vice President, Global Sales, CardinalCommerce. "Cardinal is pleased to provide the power of Cardinal Centinel to the Planet Payment iPay gateway.''

One in four consumers to pay using NFC by 2017

One in four consumers to pay using NFC by 2017 - PaymentEye The figure is up from just 2% of consumers in those areas this year and indicates an impending boom in NFC-based mobile payments, which is considered by ... www.paymenteye.com/2012/05/30/one_in_four.../1

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43 Breaking "Mobile Payment" Headlines for June 7th, 2012

SCVNGR finds $12 million more to support LevelUp mobile payment product Boston.com But the money will go to support a newer SCVNGR product that seems to be building more momentum: the company's LevelUp mobile payment offering. It lets you pay for retail transactions simply by showing the screen of your mobile phone, and it allows ... See all stories on this topic »

Mobile payment systems gaining some traction Hometownlife.com Now digital payments are about to get even easier for online shoppers and small business with the recent push by companies to offer mobile payment. It started with PayPal HereÆ, a mobile device that small retailers such as taco trucks and street ... See all stories on this topic »

Rev Unveils RevCOIN, A Mobile Account Solution for Underserved Merchants Worldwide MarketWatch (press release) Unlike other mobile payment solutions available today that allow for payment acceptance via card readers, RevCOIN is a comprehensive business solution for underserved merchants allowing for money in and out of the system. Key differences include ... See all stories on this topic »

The Morning Briefing: Mobile payment systems SmartPlanet.com (blog) This morning we're reading about mobile payment systems and implementation. 1.) Facebook rolls out new "low friction" mobile payments for developers in 60+ countries. Following an announcement at the Mobile World Congress this year, Facebook is now ... See all stories on this topic »

PassportParking Launches Mobile Payment System; First Pay-by-Phone Application ... EON: Enhanced Online News (press release) CHARLOTTE, NC--(EON: Enhanced Online News)--Passport Parking, LLC added mobile payment to their suite of cloud based parking solutions. PassportParking Mobile Pay has been developed to enable providers greater operational efficiency through real-time ... See all stories on this topic »

PassportParking releases mobile payment tools for providers, commuters Mobile Payments Today Charlotte, NC-based PassportParking announced it has launched its new cloud-based mobile payment system for parking. The company said its PassportParking Mobile Pay system has been developed to help both parking providers and the parkers themselves. See all stories on this topic »

Facebook rolls out new "low friction" mobile payments for developers in 60+ ... The Next Web Following an announcement at the Mobile World Congress this year, Facebook is now officially rolling out a new, 2-step mobile payment flow that developers can include in their Facebook apps. This comes as a major improvement to the original, ... See all stories on this topic »

drchrono Announces Real-Time Health Insurance Coverage Checks and Enables ... MarketWatch (press release) "By adding real-time health insurance eligibility information into the platform as well as mobile payment processing, we've provided some simplicity and a little bit of ease to a profession that is undoubtedly stressful on a daily basis. See all stories on this topic »

Using debit cards online Bizcommunity.com PayU has recently joined forces with Oltio, a joint venture company between Standard Bank and MTN, to provide a mobile payment solution, payD, which now enables consumers to make debit card payments through the. Pronounced 'paid', this venture now sees ... See all stories on this topic »

Drchrono Now Lets Doctors Accept Payments Via Square, View Real-Time Insurance ... TechCrunch Drchrono, a startup focused on bringing medical records and more to the iPhone and iPad, is announcing a big update today which introduces mobile payment feature to its platform, as well as a new way for physicians and patients to access their health ... See all stories on this topic »

QuickBooks Point of Sale Goes Mobile with GoPayment Accounting Today By Seth Fineberg Intuit has integrated its mobile payment processing application GoPayment with the latest version of QuickBooks Point of Sale, designed for small retailers. Using QuickBooks Point of Sale 2013, users have access to a free GoPayment app ... See all stories on this topic »

SCVNGR/LevelUp Raises $12 Million as "Part of Larger Round," Continues to ... BostInno (blog) SCVNGR, the Boston-based mobile gaming and payment company and maker of the mobile payment app LevelUp, has raised $12 million from Highland Capital, Google Ventures, Balderton Capital and new investors Continental Investors and Transmedia Capital. See all stories on this topic »

Facebook Rolls Out New 2-Step Mobile Payments System, Could This Be Part of ... DecryptedTech Well Facebook developers have just rolled out a mobile payment system. The new system is called the "low-friction carrier billing" and Facebook developers claim it is only two steps long. You open the offer, tap buy and then confirm. That is it… See all stories on this topic »

PCI Security Standards Council Announces Keynote Speakers for Asia Pacific ... CNBC.com PCI SSC Chief Technology Officer Troy Leach will discuss the latest updates on key technology areas the Council and its stakeholders are working on, including mobile payment acceptance security, point-to-point encryption, cloud computing and ... See all stories on this topic »

NFC-ready POS terminal shipments doubled to 2.5m in 2011 - report Siliconrepublic.com A move from performing NFC payment trials to accelerating the rollout of NFC-ready payment infrastructure in preparation for the arrival of NFC-based mobile payment services is what drove the rapid growth. The global installed base of NFC-ready POS ... See all stories on this topic » Siliconrepublic.com

ARM creates JV for secure mobile payments ChannelBiz Ian Ferguson, who heads up the server division of ARM, said G&D, a German company that prints the Euro, and Gemalto a French digital security firm will bring additional elements to the mobile payment party. He said, in a meeting in Taipei: "We needed ... See all stories on this topic » ChannelBiz

Quemulus Wants to Make Money Transfers Easy Daily Deal Media It seems like somewhat of a "David and Goliath" story but Elizabeth Willett, the founder of Quemulus, believes her company can take on mobile payment big-wigs, such as Paypal and Dwolla. It's quite a feat, but Willett is hoping that her company can ... See all stories on this topic » Daily Deal Media

Black Enterprise Names PayAnywhere Best in Show MobilityWire (press release) PayAnywhere is the credit card processing industry's only enterprise-grade, "pay-as-you-go" mobile payment solution suited for any size merchant. PayAnywhere's mobile point of sale (POS) technology combines the industry's most comprehensive ... See all stories on this topic »

Acumen Fund Invests in Virtual City to Automate Agricultural Supply Chains in ... Acumen Fund (blog) Virtual City is the maker of Agrimanagr, an affordable mobile data management service marketed to agricultural cooperatives and processors that tracks agricultural output from farmer to processor, coordinates mobile payment to farmers, and facilitates ... See all stories on this topic » Acumen Fund (blog)

Going Cashless: What's Good for Banks May Not Be Best for You Knowledge@Wharton In fact, mobile payment applications have made it possible to complete a purchase without even having a credit card on hand. And paying with a card or smartphone comes with the convenience of having an electronic record of the transaction. See all stories on this topic » Knowledge@Wharton

What The Hell? bags Payworld biz exchange4media.com Disclosing that they were planning to diversify into money remittance and mobile payment areas, he felt that What The Hell?, with its expertise in the online and digital marketing domain, would give them an edge. Dhiraj Kumar, Director, What The Hell? See all stories on this topic » exchange4media.com

Nuance Dragon ID Unlocks Android Devices By Voice Gotta Be Mobile Later it shows the app making a mobile payment for lunch, though it's not clear how it works or if the feature is in the current version. Later the video shows the app recognizing two different voices, and remembering which app the second user was ... See all stories on this topic »

Revel Systems POS system turns iPad into cash register ZDNet (blog) For example, Atlas can be teamed up with mobile payment systems from Square and PayPal. Working with LevelUp, creator of a QR-code based payment system, the Revel Systems solution charges 2 percent per swipe for major credit cards. See all stories on this topic » ZDNet (blog)

Best SME Bank The Asset In India, ICICI Bank used its leadership position in inter-bank mobile payment services to offer cash management collections for businesses with distributed networks. This was tremendously beneficial to SMEs in achieving last mile connectivity in the ... See all stories on this topic »

Open Solutions Expands Global Reseller Network with Cardtek Partnership CUinsight.com (press release) CredoWork, established in 2009, satisfies the sector's hardware needs while Phaymobile, founded in 2011,develops solutions for mobile payment systems. Open Solutions Inc.® helps community-based financial institutions around the world enrich their local ... See all stories on this topic »

Fuzhou named National Intelligent Tourism Pilot Cities China Daily ... Fujian will continue to strive to innovate the developing of the tourism industry and will create systems such as intelligent tourism transportation management, intelligent guides, e-tickets, mobile payment and multi-point communication. See all stories on this topic »

Blogs 11 new results for "Mobile Payment"

Facebook starts roll out of Bango services in new mobile payment flow By rayand Following on from Bango's agreement to provide payment services to Facebook in February, Facebook has announced the initial availability of these services to its developers at as part of an improved mobile payments flow. Facebook says ... Bango Investor Relations

67pc of mobile buyers use PayPal for purchases: study - Mobile ... By Chantal Tode The fact that PayPal is dominating as an alternative mobile payment method is not surprising. The company has been aggressively chasing mobile payments transactions through a variety of strategies and has reported that it expects to ... Mobile Commerce Daily

Mobile Banking: A big Mobile Money step for Bangladesh with bKash By Hannes@Home The functionality of existing mobile payment services are limited (typically only offering bill payment and airtime top-up). (Read the following source). That is why the new bKash service launched in collaboration with BRAC bank, conforming to ... Mobile Banking

New Facebook Mobile Payments Process Reduces Users' Path To ... By David Cohen Facebook began rolling out a change to its mobile payments process for mobile Web applications that reduced the number of steps users must go through from up to seven to just two. AllFacebook

StorefrontBacktalk » Blog Archive » Most Consumers Use ... By Evan Schuman ... the phone to be out of scope. This is basically the crux of the new PCI guidance on mobile payment acceptance, and the whole point of the SRED module (ie to help secure data through encryption to assist with scope reduction). Read more. StorefrontBacktalk

Paytm Launches Payment Gateway - MediaNama By Anupam Saxena The company offers a customized payment platform, which supports all platforms including websites, IVR/voice, WAP/mobile web, mobile payment apps (on tablets, Android, Blackberry, iPhone), and through SMS, and offers Thin-clients, ... MediaNama: Digital Media in India

Sania-Bhupathi sail into French Open final - in.news.yahoo.com by ... By ledefur VeriFone SAIL Review Mobile Payment Processor Has Some Impressive Features – PC World Sign up for the SAIL subscription service at $10 per month, and your per-transaction fees will drop to 1.95 percent per swipe or 2.95 percent per ... My Blog by ledefur | English,...

Banking View | Asia Pacific banks positioning to lead in the new ... By Denise Montgomery Commonwealth Bank's 'Kaching' mobile payment app for iPhone allows users to pay in real time using friends' or businesses' using email addresses, Facebook identification or mobile phone numbers. Kaching comes on the heels of their ... Banking View

Media & Blog Coverage of OTA12 | Over the Air By Margaret Simon Howard, Blackberry: 'Embrace the out-of-the-box elegance: eye candy UI with zero effort'. Thumbnail 38:57 · Over The Air 2012. Saul Zakauskas, Paypal: 'How are Mobile Payment Innovations Disrupting Commerce?' Thumbnail 44:22 ... Over the Air

Google Wallet: 12 months later By RuncoDippel366 The rumors and leaks return a piece further, nonetheless it was a year ago today that Google officially revealed its Google Wallet mobile payment service — a platform that the corporate remains betting big on, despite the fact that it could be ... What News Today

Shipments of NFC-ready POS terminals doubled to 2.5 million in ... By admin The rapid growth was driven by a transition in the NFC-payments ecosystem from performing trials to accelerating the rollout of NFC-ready payment infrastructure, in preparation for the arrival of NFC-based mobile payment services. Internet of Things Event

Web 6 new results for "Mobile Payment"

Nigeria trails Kenya, South Africa in payment penetration, says CBN ... CBN said mobile payment users in Nigeria is 0 per cent, Mexico (25 per cent), Indonesia (40 ... mobilemoneyafrica.com/nigeria-trails-kenya-south-africa-in-p...

Complete coverage of the Square Mobile Payment Processing ... All Square Mobile Payment Processing System (3rd Generation) Phone Accessory coverage including reviews, news, lab tests and ratings, product specs , ... www.pcworld.com/.../square_mobile_payment_processing_sy...

Daily Dose of iQ: PayPal's Mobile Payment Video Stumbles on 2 ... On May 24, PayPal announced a partnership with 15 national retailers (on top of its previously ... www.iqmetrix.com/.../daily-dose-iq-paypals-mobile-payment-...

Mobile payment volume to rise 62% in 2012 - Times Of India MUMBAI: Worldwide mobile payment volume is expected to rise 62% to over $171.5 billion this year from $105.9 billion in 2011, says market research firm ... articles.timesofindia.indiatimes.com/.../31899763_1_mobile-p...

Start-Ups Build the Mobile Payment Ecosystem | Mobile-Financial.com There's been lots of hype in the North American market recently about mobile point-of-sale (POS) startup Square—and for good reason. The company has made ... mobile-financial.com/.../start-ups-build-mobile-payment-ecosy...

Global mobile payment transaction value to exceed US$170 Billion ... Worldwide mobile payment transaction values will this year surpass US$171.5 billion, according to a report by Gartner, world's leading information technology ... www.humanipo.com/.../Global-mobile-payment-transaction-v...

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