Tuesday, July 17, 2012

Prepayd Inc. CEO Reduces Compensation Over 50% Until Company Posts $2,000,000 in Profit, is Sold or Acquired

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Prepayd Inc. CEO Reduces Compensation Over 50% Until Company Posts $2,000,000 in Profit, is Sold or Acquired (via PR Newswire)

HENDERSON, Nev., July 17, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK: PPDC) announced today PrepaYd Inc. CEO Bruce Berman has reduced his salary voluntarily by just over 50% effective July 15th 2012. This is the third time Bruce Berman voluntarily reduced his future salary by over 50%. In 2010 Mr…

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PrePaYd, Inc. Under Investigation, Responds...

California Regulators Investigating PrepaYd

PrepaYd, Inc. and Mr. Berman are currently under investigation by the California Department of Corporations and other Federal and State regulatory agencies for improper securities dealings. The charges being investigated by the CA DOC include:
1) Publishing false or misleading financial statements
2) Using improper methods of soliciting investors, and
3) Improperly compensating non-licensed equity salespeople.
4) Failure to act as a fiduciary

Mr. Berman willfully and intentionally failed to disclose this investigation or the nature thereof, to the investors in PPDC, and Mr. Berman raised new investor money without disclosing this investigation or discussing the potentially negative impact that such an investigation would have on the Company. Mr. Berman also used significant amounts of investor's money to retain attorneys in this matter, but did not address this use of funds in the Use of Proceeds section of any Private Placement memorandum, including the private offerings that was ongoing during the initial phase of the DOC inquiry.

HENDERSON, Nev., July 16, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC-PINK: PPDC) announced today that an anonymous letter sent to some of its shareholders alerted the company. Because of the nature of the company and its subsidiaries businesses they routinely receive subpoenas from various police departments, various state agencies, the internal revenue service and other agencies which the company treats as routine and responds and cooperates fully with. Approximately a year ago the California Department of Corporations prepared a subpoena for certain books and records of the company. The company's securities counsel believed it was a routine investigation at the time and the company responded accordingly. A recent anonymous letter alerted the company to contact the DOC on this year-old matter. The company no longer believes this is a routine matter and will respond accordingly. The outcome of this matter could have an adverse effect in the company. Besides alerting the company the anonymous letter was meant to cause the company harm. The letter contained false and misleading allegations and information unknown at the time to the company. The anonymous letter has caused the company harm and the company intends to pursue all those responsible once the company believes it has sufficient evidence and the timing is right.

PR Newswire (http://s.tt/1i4LG)
The outcome of this matter could have an adverse effect in the company.

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On Track Innovations-NFC And Credentialing Will Drive The Future

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4 new results for NFC Mobile Payment

Mobile commerce may have a future without NFC technology
QR Code Press
NFC technology has been the driving force behind the expansion of the mobile commerce industry. The technology is capable of turning a mobile device into a payment platform, allowing consumers to store their financial information on their smart phones.
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On Track Innovations-NFC And Credentialing Will Drive The Future

Image via CrunchBase

Seeking Alpha
In fact, the standard for NFC utilizes ISO/IEC 14443-A/B, the international standard for contactless smart cards. Thus, NFC "is" simply a contactless smart card that's been wired to a SIM-card and embedded in a mobile handset. Thus, we can further ...
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Traveling naked? MyTaxi iOS app now lets you pay without cash or card
Tnooz
Market leader for taxi-call apps myTaxi launches the first mobile payment system on the German taxi market. ... MyTaxi Payment is a direct billing process between driver and passenger, smartphone to smartphone, thanks to the help of Paypal and Wirecard ...
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CommBank unveils Android POS platform
NFC World
The Australian bank has followed its Kaching mobile payments service with the launch of a point-of-sale application development platform that works with an Android-based POS terminal as well as an add-on for Apple iPhones and iPods and is designed to ...
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NFC World

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The Zacks Analyst Blog Highlights: MasterCard, Visa, Citigroup, Bank of America and JPMorgan Chase

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For Immediate Release

Chicago, IL – July 17, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include MasterCard Inc. (MA), Visa Inc. (V), Citigroup Inc. (C), Bank of America Corp. (BAC) and JPMorgan Chase & Co. (JPM).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

MasterCard, Visa Settle $7.25B Merchant Suit

Last week, credit card giants MasterCard Inc. (MA) and Visa Inc. (V) entered into a formal agreement with the federal court of Brooklyn to settle a multi-state US merchant lawsuit. About 7 million merchants or retailers had charged the card companies in 2005 for fixing prices and unduly increasing processing or interchange fees on transactions made through debit and credit cards.

Accordingly, Visa and MasterCard have agreed to pay about $6.0 billion to the retailers. While Visa is expected to incur a cash settlement charge of $4.1 billion, MasterCard projects to record $790 million (pre-tax) as lawsuit penalties in the second quarter of 2012.

MasterCard anticipates another pre-tax charge of $20 million during the second quarter of 2012. Another $525 million in damages are payable to the retailers who had individually sued these card companies. An additional future loss of $1.2 billion is estimated to be incurred by the card giants due to the reduction of interchange fees on credit cards by 10 cents for the next eight months.

Thirteen more banks, including Citigroup Inc. (C), Bank of America Corp. (BAC) andJPMorgan Chase & Co. (JPM) are involved in this antitrust litigation. The overall settlement is estimated to be worth $7.25 billion, by far the largest in the history of antitrust settlements.

However, the National Association of Convenience Stores, a big part of the plaintiff’s side, has rejected the settlement. This again poses the risk of bearing higher financial penalties by the card companies in the future.

Card Industry Awaits Complete Reform

Finally, the Consumer Protection Act enacted in 2010 is coming in handy to rescue the merchants and consumers one way or the other. While it was expected to introduce real prices to create a healthy competitive environment, the American Bankers Association opines that the merchants, and not the end-consumers, are more likely to benefit from these modifications made to the interchange fee rule.

Additionally, it eases the pressure on merchants, who now encourage cash payments by offering discounts or low cost debit or credit cards. The merchants who have more than one store can also choose to receive payments from MasterCard or Visa in some of their stores.

Under the antitrust settlement, the merchants also have permission to put a surcharge on some credit transactions above a certain limit. Although these modifications are liable to make the merchants powerful, the consumers may still have to bear the brunt of the cost of operating the card network from the issuing banks, directly or indirectly.

Litigation Deters Card Giants’ Earnings

Moreover, as witnessed in the past, litigation settlements have marred the bottom line of both Visa and MasterCard. In 2003, both card giants settled a joint lawsuit for $3 billion, while another civil lawsuit by the Department of Justice was settled by them in 2010.

Consequently, Visa inflates its escrow account from time to time to meet such litigation expenses. The escrow account currently stands at $4.28 billion. Even MasterCard settled a $770 million lawsuit in the fourth quarter of 2011. We believe these hefty funds could have been otherwise used for growth purposes.

Going forward, the new rules are liable to weigh on the margins of the card giants. So far, however, both Visa and MasterCard do not foresee any changes in their annual growth guidance, which reflects their preparation to deal with the lawsuit.

While Visa is scheduled to release its fiscal third quarter results after the closing bell on July 25, 2012, MasterCard is slated to announce its second quarter results before the market opens on August 1, 2012. Currently, both the companies carry a Zacks Rank #3, which translates into a short-term Hold rating and long-term Neutral recommendation.

CreditCall and EMV Academy Team Up On U.S. EMV Migration

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CreditCall and EMV Academy Team Up On U.S. EMV Migration (via PR Newswire)

LOS ANGELES, July 17, 2012 /PRNewswire/ -- CreditCall, a leading provider of EMV software and payment processing solutions for contact, contactless and MOBILE payments applications announced today that it has joined the EMV Academy. EMV Academy is a U.S. based EMV training and consultancy organization…

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Fitch: Merchant Settlement's Impact on Card Industry Muted

July 17, 2012 10:34 AM Eastern Daylight Time

Fitch: Merchant Settlement's Impact on Card Industry Muted

CHICAGO--(BUSINESS WIRE)--The long-term financial impact on the credit card industry from the $6 billion settlement of the antitrust suit against Visa, MasterCard, and major card-issuing banks will likely be modest, according to Fitch Ratings.

While the agreement reached on July 13 offers merchants an opportunity to temporarily reduce interchange fees paid to banks, we do not believe that the fundamental economics of credit card transactions have been changed materially as a result of the settlement.

In addition to the agreed eight-month cut in swipe fees by 10 bps for merchants accepting Visa and MasterCard, the settlement also supports a merchants' ability to impose credit card surcharges on customers to recover part of their card-related costs.

We believe the October 2010 settlement between Visa, MasterCard, and the U.S. Department of Justice (DOJ) already provided merchants with some flexibility in offering incentives for customers to move away from higher cost payment methods toward debit cards or cash. The incremental impact of the new settlement on merchants' willingness to apply card surcharges will likely be limited, particularly in highly competitive consumer markets where customers would be expected to respond negatively to surcharges on card transactions.

The introduction of surcharges would also not be permitted in several states (including California, Massachusetts, New York, and Texas, among others) due to state-specific laws/regulations that prohibit charging a fee to consumers using a credit card.

The settlement does not impose a long-term cap on interchange rates, which Fitch believes removes a significant overhang from the card networks. This would have represented the most negative outcome for card processors and banks over the long term, given the potential decline in fees.

In terms of the settlement costs, named defendants were adding to litigation reserves in recent periods, as the case progressed. Given the potential for some merchants to opt out of the settlement, we believe defendants will manage litigation reserves accordingly.

American Express (AmEx) and Discover Financial were not parties to the merchant suit, but AmEx continues to fight the October 2010 DOJ suit in court, which would allow for surcharging between various card products.

The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.

Monitise Reports Revenue

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MONITISE PLC TRADING UPDATE

Revenues more than double for third successive year

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17 Jul 2012

Acquisition of Clairmail creates global powerhouse in Mobile Money

2012/13 revenues expected to be in the region of $110m

Monitise plc (LSE: MONI.L), the technology and services company delivering mobile banking, payments and commerce networks worldwide, announces an unaudited trading update following its 30 June 2012 financial year-end. Monitise's 2012 full-year results are scheduled to be published on 4 September 2012.

Highlights

Full-year 2012 revenues are expected to be approximately $53m (£34m)⁽¹⁾, nearly two and a half times the $22m (£14m) reported last year, making it the third successive year that revenue has more than doubled compared to the previous year.

Profitability in live operations continues to show very strong year-on-year growth.

Gross margins for the year are expected to be in the region of 66%, compared with 62% last year, and on track to hit more than 70% by the second half of 2012/13.

Demand for the Monitise Enterprise Platform is at an all-time high and investment in the platform and its global reach continues in line with market demand.

Total Monitise registered customers are approaching 16m, three and a half times the level seen at the time of Monitise’s full-year results in September 2011. The group is attracting well over half a million new registered customers per month.

The acquisition of Clairmail at the end of June further enhances Monitise’s position as the global leader in the fast expanding Mobile Money market.

The order book of the combined Group at the end of June 2012, comprised of more than $170m committed minimum orders, plus a further $250m of additional revenues expected from existing contractual arrangements, making more than $420m (£270m) in total.
Around $75m (£48m) of this order cover is expected to flow through to revenues in 2012/13.
Total Group revenues in 2012/13 are expected to be in the region of $110m (£70m).
The Group remains on track for EBITDA break-even by December 2013.
Monitise now provides Mobile Money services to over 300 financial institutions and partners, including a third of the top 50 financial institutions and of these eight of the top 13 in North America.
Combined business handles over a billion transactions per annum, as well as payments and transfers worth $15bn on a current weekly annualised basis.
For 2011/12 it is expected that a move to equity accounting ⁽²⁾will result in a $3m (£2m) increase in reported full-year revenues to approximately $56m (£36m).

⁽¹⁾Foreign exchange rate for Sterling/US Dollar used in the trading update is $1.56

⁽²⁾See separate section on Accounting for Joint Ventures

Global Growth

Monitise’s worldwide trading momentum, new business wins and launches continue to expand around the globe:

New multi-year bank contracts have been entered with HSBC, RBS and The Co-operative Bank. Monitise entered a strategic five-year agreement with FIS, the world’s largest global provider dedicated to banking and payments technologies, following Monitise Group’s buyout of its US Joint Venture. In India, Movida, a Monitise joint venture with Visa Inc., entered an agreement with HDFC Bank, India’s second-largest private bank, to launch new mobile payments services.

Visa Inc., the world’s largest retail electronics payments network, in collaboration with Monitise launched mobile services via Visa’s Debit Processing System allowing US financial institutions to offer their debit and prepaid account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices.

Visa Europe, which is owned and operated by more than 3,700 European member banks, delivered the first pan-European mobile person-to-person payments and alerts service developed in partnership with Monitise.

Monitise Joint Venture Mobile Money Network launched instant mobile checkout, Simply Tap, and is working with a large number of retailers as it rolls out new mobile commerce services. The JV has been first to market with cutting-edge technology including image recognition and transactional QR codes.

PT AGIT Monitise Indonesia, a joint venture between Monitise Asia Pacific and Astra Graphia, successfully completed work on their Jakarta‐based data centre to support the full spectrum of mobile banking, payments and commerce ahead of new launches over the coming quarters.

Monitise Group CEO Alastair Lukies said:

“The Mobile Money landscape continues to grow at an astonishing rate. As a major global force in Mobile Money, Monitise remains positioned at the centre of this huge ecosystem with its platform, skills and partnerships driving another year of phenomenal growth. Our clear and unwavering strategy is to provide our white-labeled, cloud-based Monitise Enterprise Platform to the world’s leading financial institutions and payments companies, helping them retain their rightful role as the consumer custodian in mobile financial services.”

Monitise Group Chairman Duncan McIntyre added:

“Once again the Monitise team has achieved substantial growth in the financial year 2012 and proven the global demand for a truly bank-grade Mobile Money platform. We believe we have both the leading platform and market position so as the landscape continues to evolve and accelerate we must continue to invest to optimise shareholder value.”

Accounting for Joint Ventures

To date the Group’s interests in Joint Ventures have been accounted for by proportionate consolidation, primarily as the initial revenues were generated through the UK JV with Monilink. As a result, the Group’s share of each JV’s revenue, costs, assets and liabilities have been included line by line in the Group’s financial statements.

As the Group has evolved, the JVs have matured as entities, and the Directors believe that it is now more appropriate to account for the joint ventures under equity accounting. This has the effect of combining all the Group’s shares in JVs financials in one line in the income statement (Share of Associates and JVs), which is reported below EBITDA and Operating Profit, and one line in the Balance Sheet. At the same time, a new accounting standard, IFRS 11, has been released which disallows proportionate accounting and is anticipated to become effective for Monitise from 2014/15.

Therefore the Group accounts will be prepared on the equity accounting basis for 2011/12. The key financials on a proportionate accounting basis will also be shown as a memorandum.

For 2011/12 it is expected that the move to equity accounting will result in a $3m (£2m) increase in reported revenues to approximately $56m (£36m). This is due to the JVs’ current stage of evolution, as development revenues earned by Monitise from the JVs exceed revenues generated by the JVs themselves. The impact on EBITDA and Operating Profit in 2011/12 is expected to be an improvement in the region of $5m (£3m), with no significant change to reported profit. The impact on the financials for 2012/13 is expected to be marginal for revenue, EBITDA and operating profit.

About Monitise

Monitise plc (LSE: MONI.L) is a technology and services company delivering mobile banking, payments and commerce solutions worldwide, with the proven expertise to enable financial institutions, network operators and merchants to make money more mobile globally. With live services in the UK, US, India and Africa, Monitise securely processes hundreds of millions of transactions worth billions of dollars each year via its Enterprise technology platform.

Following the acquisition of Clairmail, a California-based mobile banking and payments specialist, Monitise’s strategic partner and client base includes financial institutions and payments companies such as Visa Inc. and Visa Europe, FIS, Royal Bank of Scotland, Fifth Third Bank, HSBC, Lloyds Banking Group, Co-operative Banking Group, Sallie Mae, PNC Bank, Frost National Bank, Standard Chartered, Travelex, Permata Bank and HDFC Bank among others. Other leading partners include Vocalink, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, The Carphone Warehouse, First Eastern, Astra International, JETCO and PCCW mobile.

More information is available at www.monitise.com

44 "Mobile Payment" Headlines for July 17

ePaymentNews

44 results for "Mobile Payment"

Mobile payment service on the cards for credit unions and mutual banks
The Australian
A GROUP of Australia's credit unions and mutual banks is teaming up to take on the majors with mobile pay-to-anyone services.
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Ogone, Belgacom, Sign Agreement On Mobile, Online Payments
Wall Street Journal
Mr. Mosen said the company had revenue from services of around EUR40 million, which it plans to expand to a 3-digit million figure within the next 2-3 years. "With mobile payment services, we'll increase our share in the food chain," he added, citing a ...
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Now SafetyPay Offers Global Mobile Payment Platform
Virtual-Strategy Magazine
Online payment solution offered to 250 million customers. | Virtual Strategy Magazine is an online publication devoted entirely to virtualization technologies.
See all stories on this topic »

CreditCall and EMV Academy Team Up On US EMV Migration
MarketWatch (press release)
The new Chip and PIN based mobile payment technology offers firms a speedy, secure, and cost effective way to complete financial transactions via smartphones and tablets, boosting cash flow for business both large and small. "CreditCall is an innovator ...
See all stories on this topic »

Apigee acquires global API alliance's carrier billing technology
VentureBeat
API management startup Apigee has just announced it's acquired some interesting mobile payment processing and other technologies from the Wholesale Applications Community (WAC).
See all stories on this topic »

VentureBeat

Ogone acquires Tunz.com to expand its mobile payment solutions offer and ...
IT News Online
IT News Online is a News Portal that brings you the latest in the IT Industry. Right from Financial Transactions to the latest Gizmos, IT News Online keeps you up to date, every day.
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Westpac trials small business payment app
Computerworld Australia
Westpac is piloting a new mobile payment app for small businesses which allows them to process credit card payments without the use of an eftpos machine. Mobile PayWay allows merchants to process MasterCard and Visa payments in real time on iPhones ...
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German co-operative banks trial mobile sticker technology
Finextra
Co-operative banks in Germany are piloting NFC mobile payment stickers developed specifically for the country's Secure Chip Card Operating System (Seccos). 30 views 0 comments. The Seccos Mobile payment sticker has been developed by Giesecke ...
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Finextra

Mobey presents North American Chapter for Mobile Financial Services Ecosystem
Banking Business Review
The Chapter will bring all the key players of the mobile financial services on the single platform, thus helping them to act collectively to deal with the shortcomings and initiate necessary steps for sustainable mobile payment services in the North ...
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G&D targets German banks with NFC payment stickers
Mobile Entertainment
The SECCOS Mobile payment sticker runs on the SECCOS Secure Chip Card OS, which is the German banking industry system for smartcards. It can be configured as a prepaid, debit, or credit card and it is certified for the MasterCard PayPass, so it works ...
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Mobile Entertainment

QuickBooks Expert, AdamsQB, Now Offers Clients Mobile GoPayment Solution
Melodika.net (press release)
AdamsQB, a leading QuickBooks consulting firm, headquartered in Austin, TX and providing small businesses in Dallas and San Antonio QuickBooks innovations, has unveiled its plan to include Intuit's GoPayment mobile payment application to its already ...
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Apple addressing potential in-app payment hack
Mobile Payments Today
Apple trackers at 9to5Mac.com posted last week about an alleged workaround that allows hackers to obtain apps from Apple's in-app payment platform for free. According to the site, the hack was first identified by Russian developer. A.
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US market offered rewards for contactless payments 16 Jul 2012
Mobile-Financial.com
URL : http://www.squidcard.com/corporate/emoneynews/us-market-offered-rewards-for-contactless-payments1548.htmlArticle Summary: US-based company Punchcard has teamed up with mobile payment service Wipit to offer businesses the ability.
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Commercialbank, Qtel in mobile banking deal
Gulf Times
Extending mobile payment services through the CBQ Mobile Banking service delivers even greater accessibility for our customers, supported by world-class levels of security." Commercialbank's Mobile Banking facility is compatible with all kinds of ...
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Gulf Times

How Banks Can Approach Mobile Strategy
Finextra
Banking versus payment: Banks also need to decide between launching full fledged mobile banking services and a niche mobile payment offering, that starts out by replacing credit card transactions and works its way into all other forms of payment.
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GE Makes Electric Vehicle Charging Easy with Mobile App
IBTimes.co.uk
PayPal has begun to diversify beyond online payments to retailers like Home Depot, which are investing in mobile payment technology. In the case of WattStation, drivers will simply need to download the app, which is initially available for Apple's ...
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Mobile charge your mobile charge with PayPal
Mobile Payments Today
Has the future of money met the future of transportation all on a mobile device? Could be. Payment company PayPal has joined with GE Energy's Industrial Solutions business to make it possible for electric vehicle (EV) drivers to pay for char.
See all stories on this topic »

IMPS Reports 35.51M Mobile Money IDs, 44 Banks; Just 34084 Transactions In ...
MediaNama.com
The Interbank Mobile Payment Service saw a growth of 8.02% in the total transactions taking place, with a 1.62 % increase in total number of Mobile Money IDs (MMID) being issued, according to data published by the National Payments Council of India.
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MediaNama.com

G&D launches Seccos m-payment sticker
Telecompaper (subscription)
G&D has introduced its Seccos mobile payment sticker. When the sticker is attached to a mobile phone or smartphone, contactless payment becomes possible even if the device itself is not NFC-enabled. sticker is certified for the MasterCard contactless ...
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CFIB calls for enhancements to credit/debit card Code
Canada NewsWire (press release)
TORONTO, July 17, 2012 /CNW/ - In advance of rapidly growing mobile payment options and an important ruling by the Competition Tribunal, the Canadian Federation of Independent Business (CFIB) is calling on Finance Minister Jim Flaherty to strengthen ...
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Ogone acquires Tunz.com
Telecompaper (subscription)
Online payment services provider Ogone, mobile payment specialist Tunz.com, and Belgacom Group, who had a 40 percent stake in Tunz.com and is a long-time partner of Ogone, have signed a strategic agreement in which Ogone acquires 100 percent of ...
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Credit unions band together on mobile payments - report
Telecompaper (subscription)
A group of Australian mutual banks and credit unions is working to set-up a mobile payment service. The Australian reports that a group of over twenty credit unions has been meeting to collaborate on a new mobile payment platform that will feature a ...
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Dwolla's Milne spreads his mobile payments message at TEDxDesMoines
DesMoinesRegister.com (blog)
"(The mobile payment trend) is one of the hugest shifts we'll probably ever see in our lifetime as it relates to moving our money," he said. Milne said money will soon be moved more regularly without any expensive hardware driving costs up. "Whether ...
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LevelUp Mobile Payments Launch in Colorado at Fast-Casual Chain Larkburger
Business Wire (press release)
LevelUp Raises $12 Million As Part of Larger Fundraising Round to Expand Mobile Payment Product. June 07, 2012. BOSTON--(BUSINESS WIRE)--LevelUp today announced that it has raised $12 million in funding with participation from Highland Capital ...
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Info to Go: Wendy's® Releases Mobile Nutrition App
MarketWatch (press release)
Future editions may include expanded nutrition information, digital couponing and mobile payment. Whether they're on their lunch break or in our drive-thru line, customers looking for nutrition guidance can use our mobile app to easily customize meals ...
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Kenyans Adopted Payments by Phone at a Lightning Pace
The Atlantic Wire
In 2011, the percentage of cell phone users exceeded the percentage of people over 15 years old, suggesting that most adults had mobile access. And you can see that mobile payment users now exceeds the number of people who have internet access.
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The Atlantic Wire

Peak Chinese Partner Signs E-Commerce Agreement with Industrial and ...
MarketWatch (press release)
What's more, the e-commerce mandate has the potential to open a door for Peak to provide mobile payment and mobile banking related solutions in China in association with one of the country's largest and most prestigious financial institutions", he stated.
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ION Rewards® Opens Million Dollar Bonus Fund
MarketWatch (press release)
ION is the first, fully digital mobile payment and social loyalty app combining merchant offers, customer rewards and card-less payments in simple apps for phones and tablets. ION Loyalty® pays merchants for customer rewards and helps neighborhood ...
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Banking by Phone? With Convenience Comes Risk
JD Supra (press release)
... Associate General Counsel with the Federal Reserve Board of Governors, recently testified before a U.S. House subcommittee on financial institutions and consumer credit and identified a potential gap in these laws with respect to mobile payment ...
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Earnings Preview: American Express Company
Seeking Alpha
Wanda will provide Mobile payment solutions to over 87 million movistar customers in 12 markets where it will operate. On February 9, 2012, Monitise Plc (Monitise) announced that Visa DPS, the issuer processor of Visa transactions in the U.S., and ...
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Gambale joins Rev Worldwide's BoD
Telecompaper (subscription)
Rev Worldwide, a global provider of financial services and mobile payment products for underserved markets, announced that Virginia Gambale has been appointed to the company's board of directors. Gambale is a technology leader with an impressive list ...
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Blogs

10 new results for "Mobile Payment"

Giesecke & Devrient launches SECCOS® Mobile Payment Sticker ...
By Charbax
I think we really need to replace cash and credit cards with our smartphones as soon as possible. NFC is now being included in pretty much evey major brand Android phone released since the beginning of the year, there are still hundreds of ...
ARMdevices.net

Mobile payment use nearly doubles in a year: report - Luxury Daily ...
By Chantal Tode
Net-A-Porter app. Mobile payments are becoming increasingly popular, with 34 percent of survey respondents having made a purchase using their mobile phone compared to 19 percent a year ago, according to a new report from IDC.
Luxury Daily

Southeast Asia: crossroads of mobile innovation
By Madanmohan Rao
Singapore is regarded as the most mobile payment-ready nation in the world, and is also home to a number of regional incubators and accelerators for mobile startups. "With high smartphone penetration, Singapore is a great market to test ...
Digital Market Asia

Agenda for 2012 Posted | Mobile 2.0 San Francisco
By Gregory Gorman
According to a July IDC report, one in three American's has already made a mobile payment. Given that last year, the number was less than 1 in 5, it's clear that despite all the naysayers, mobile payments is evolving at a truly staggering rate.
Mobile 2.0 San Francisco

Ticket In Your Pocket - Malaysia Airlines works with PayPal for ...
By Sharil | PC.com Malaysia
... anything and everything on their mobile devices, Malaysia Airlines (MAS) has teamed up with PayPal to become the first airline in Southeast Asia (SEA) to provide a faster and safer mobile payment on any Internet-connected mobile device.
PC.com Magazine - Malaysia's...

Qtel and Commercialbank of Qatar join together to offer mobile ...
By Qatar is BooMING
Extending mobile payment services through the CBQ Mobile Banking service delivers even greater accessibility for our customers, supported by world-class levels of security." Commercialbank's Mobile Banking facility is compatible with all ...
Qatar Business & Corporate News

Info to Go: Wendy's® Releases ... - Business Review India
By WDM Group PR Network
Future editions may include expanded nutrition information, digital couponing and mobile payment. Whether they're on their lunch break or in our drive-thru line, customers looking for nutrition guidance can use our mobile app to easily ...
Press Releases

Earnings Preview: eBay Inc. - Zacks.com
By Zacks Equity Research
PayPal has also reinforced its mobile payments segment through the PayPal Mobile Express Checkout system and Zong acquisition, which are expected to boost mobile payment volumes. However, we are concerned about the increasing ...
Zacks Investment Research - All...

FrontlineSMS V2.0: A Powerful Tool for Achieving Positive Social ...
By Sila
In Africa, where economic development is severely hampered by lack of rural banks and stable monetary systems, mobile payment through SMS services is a huge development that eliminates problems caused by delivering cash payments ...
FrontlineSMS

Turn your cell phone into a contactless MasterCard with just a sticker ...
By Nigel
The SECCOS Mobile Payment Sticker from German company G&D is a simple but sophisticated sticker you attach to your phone, which immediately turns it into the equivalent of a MasterCard contactless credit card. The sticker then lets you ...
The Red Ferret Journal - gadgets,...

Web

3 new results for "Mobile Payment"

Starbucks Expands Mobile Payment Footprint Globally with Launch of
"The expansion of our mobile payment footprint to two of our most important markets is a strong milestone for us, but more importantly, it extends the number of ...
news.starbucks.com/article_display.cfm?article_id=677

Tit for Tat Continues in European Mobile-Payment Initiatives ...
It might not be fair to describe the mobile-payment initiatives in Europe as taking on a monkey-see, monkey-do mentality because, after all, competing projects ...
www.paymentssource.com/.../Tit-for-Tat-Continues-in-Europe...

IDC Offers an Upbeat Look at Mobile-Payment Usage | Mobile ...
More than half of those who made a mobile payment used PayPal Mobile (56 percent), with Amazon Payments and Apple's iTunes service statistically tied at ...
mobilemediablueprint.com/idc-offers-an-upbeat-look-at-mobil...

Tuesday, July 17, 2012

Fitch: Merchant Settlement's Impact on Card Industry Muted

MONITISE PLC TRADING UPDATE

Revenues more than double for third successive year

17 Jul 2012

Disqus for ePayment News