Tuesday, May 18, 2010

mopay Becomes the First Provider to Enable Mobile Payments for the Purchase of Physical Goods Around the Globe



http://mopay-inc.com/

Mobile Payment Leader Supports Mobile Payments for Physical Goods in 28 Countries

MUNICH & PALO ALTO, Calif.--(BUSINESS WIRE)--mopay, a leading provider of mobile payment solutions worldwide, today announced that it now supports the purchase of physical goods in 28 countries. The announcement comes in response to an increase in consumer demand and the growing number of connected carriers that support physical goods billing.
“mopay’s ultimate goal is to not only be a major payment option for digital and virtual goods, but for all kinds of purchases”
The scope of mobile payments varies significantly between global markets. As of today, mobile payments in the western hemisphere are primarily used to purchase digital and virtual goods – such as music and in-game items – via a mobile phone account. In selected Asian and European countries, mobile phone users are able to purchase virtually everything from tickets to movie downloads to physical goods through their phone bill.
In most countries today, purchases through mobile payments are limited to a maximum value of around $25. Any purchase above that value would be regarded as credit and therefore require a banking or e-money license. A raise of these limits enables carriers – and ultimately mobile payment providers like mopay – to expand the range of offerings that can be purchased with a mobile phone.
According to a recent report from ABI Research, mobile payments in the U.S. could reach $2.4 billion in 2010, growing by 100 percent in one year but still representing only eight percent of the total projected ecommerce market. In Japan, where physical goods billing is a commodity, mobile payments make up almost 20 percent of ecommerce. Adding physical goods billing in the U.S. would easily double ABI’s predictions.
There is a significant financial opportunity for physical goods to be purchased via mobile payments. As this trend continues to grow in these markets and demand increases in other countries, mopay is answering the call with a mobile payments solution that facilitates the purchase of physical goods. Currently, 28 of the 75 countries in which mopay is available as a form of payment support billing physical goods to a mobile phone account.
“mopay’s ultimate goal is to not only be a major payment option for digital and virtual goods, but for all kinds of purchases,” said Kolja Reiss, managing director of mopay, Inc. “The Asian market is once again leading the way in purchasing physical goods via mobile phones and other markets are hot on their heels. By constantly adjusting our offering to keep pace with new developments, mopay actively pushes mobile payments to essentially become a replacement for cash and other intricate methods of payment, foreseeably eliminating the need for the traditional ‘wallet’ as we know it.”
About mopay
mopay is one of the world’s leading solutions for network provider-based billing of small amounts. Reaching more than 3.3 billion people with SMS-enabled mobile phones in 75 countries around the globe, mopay brings unprecedented mobile payments experience to U.S. and European consumers, offering a clear advantage over its competitors. The company has a blue-chip customer base including major brands such as Bigpoint, Gameforge, Innogames, Sulake and Travian. mopay, part of the MindMatics group, has close to 100 employees at locations in Germany, Austria, the United Kingdom and the United States. For more information, visit www.mopay-inc.com.

Contacts

PAN Communications

Lisa Astor, 001-978-474-1900

mopay@pancomm.com
Permalink: http://www.businesswire.com/news/home/20100518005354/en/mopay-Provider-Enable-Mobile-Payments-Purchase-Physical

mopay Becomes the First Provider to Enable Mobile Payments for the Purchase of Physical Goods Around the Globe



http://mopay-inc.com/

Mobile Payment Leader Supports Mobile Payments for Physical Goods in 28 Countries

MUNICH & PALO ALTO, Calif.--(BUSINESS WIRE)--mopay, a leading provider of mobile payment solutions worldwide, today announced that it now supports the purchase of physical goods in 28 countries. The announcement comes in response to an increase in consumer demand and the growing number of connected carriers that support physical goods billing.
“mopay’s ultimate goal is to not only be a major payment option for digital and virtual goods, but for all kinds of purchases”
The scope of mobile payments varies significantly between global markets. As of today, mobile payments in the western hemisphere are primarily used to purchase digital and virtual goods – such as music and in-game items – via a mobile phone account. In selected Asian and European countries, mobile phone users are able to purchase virtually everything from tickets to movie downloads to physical goods through their phone bill.
In most countries today, purchases through mobile payments are limited to a maximum value of around $25. Any purchase above that value would be regarded as credit and therefore require a banking or e-money license. A raise of these limits enables carriers – and ultimately mobile payment providers like mopay – to expand the range of offerings that can be purchased with a mobile phone.
According to a recent report from ABI Research, mobile payments in the U.S. could reach $2.4 billion in 2010, growing by 100 percent in one year but still representing only eight percent of the total projected ecommerce market. In Japan, where physical goods billing is a commodity, mobile payments make up almost 20 percent of ecommerce. Adding physical goods billing in the U.S. would easily double ABI’s predictions.
There is a significant financial opportunity for physical goods to be purchased via mobile payments. As this trend continues to grow in these markets and demand increases in other countries, mopay is answering the call with a mobile payments solution that facilitates the purchase of physical goods. Currently, 28 of the 75 countries in which mopay is available as a form of payment support billing physical goods to a mobile phone account.
“mopay’s ultimate goal is to not only be a major payment option for digital and virtual goods, but for all kinds of purchases,” said Kolja Reiss, managing director of mopay, Inc. “The Asian market is once again leading the way in purchasing physical goods via mobile phones and other markets are hot on their heels. By constantly adjusting our offering to keep pace with new developments, mopay actively pushes mobile payments to essentially become a replacement for cash and other intricate methods of payment, foreseeably eliminating the need for the traditional ‘wallet’ as we know it.”
About mopay
mopay is one of the world’s leading solutions for network provider-based billing of small amounts. Reaching more than 3.3 billion people with SMS-enabled mobile phones in 75 countries around the globe, mopay brings unprecedented mobile payments experience to U.S. and European consumers, offering a clear advantage over its competitors. The company has a blue-chip customer base including major brands such as Bigpoint, Gameforge, Innogames, Sulake and Travian. mopay, part of the MindMatics group, has close to 100 employees at locations in Germany, Austria, the United Kingdom and the United States. For more information, visit www.mopay-inc.com.

Contacts

PAN Communications

Lisa Astor, 001-978-474-1900

mopay@pancomm.com
Permalink: http://www.businesswire.com/news/home/20100518005354/en/mopay-Provider-Enable-Mobile-Payments-Purchase-Physical

Global Payments to Present at Upcoming Investor Conferences





Conferences include: "J.P. Morgan 38th Annual Global Technology, Media & Telecom Conference," "Bank of America Merrill Lynch Services Conference" and "Stephens Spring Investment Conference



ATLANTA, May 17, 2010 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN), represented by Chairman & Chief Executive Officer, Paul R. Garcia, will present at "J.P. Morgan 38th Annual Global Technology, Media & Telecom Conference" on May 18, 2010. Mr. Garcia is expected to present at 1:50 p.m. EDT. The conference will be held in Boston, MA and can be accessed via Web cast at www.globalpaymentsinc.com.



Executive Vice President and Chief Financial Officer, David E. Mangum, will present at the "Bank of America Merrill Lynch Service Conference" on May 24, 2010 in New York, NY at 4:30 p.m. EDT. Mr. Mangum will also present at the "Stephens Spring Investment Conference" on May 25, 2010 in New York, NY at 10:00 a.m. EDT. The conferences can be accessed via Web cast at www.globalpaymentsinc.com.



Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.



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Global Payments to Present at Upcoming Investor Conferences





Conferences include: "J.P. Morgan 38th Annual Global Technology, Media & Telecom Conference," "Bank of America Merrill Lynch Services Conference" and "Stephens Spring Investment Conference



ATLANTA, May 17, 2010 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN), represented by Chairman & Chief Executive Officer, Paul R. Garcia, will present at "J.P. Morgan 38th Annual Global Technology, Media & Telecom Conference" on May 18, 2010. Mr. Garcia is expected to present at 1:50 p.m. EDT. The conference will be held in Boston, MA and can be accessed via Web cast at www.globalpaymentsinc.com.



Executive Vice President and Chief Financial Officer, David E. Mangum, will present at the "Bank of America Merrill Lynch Service Conference" on May 24, 2010 in New York, NY at 4:30 p.m. EDT. Mr. Mangum will also present at the "Stephens Spring Investment Conference" on May 25, 2010 in New York, NY at 10:00 a.m. EDT. The conferences can be accessed via Web cast at www.globalpaymentsinc.com.



Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.



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First "Cash Back" Prepaid Debit Card Introduced by Walmart



Walmart MoneyCard First to Offer Cash Back on Prepaid Debit Card 

Cash Back for Gas Purchases Nationwide

BENTONVILLE, Ark.May 17 /PRNewswire-FirstCall/ -- Today, Walmart (NYSE: WMT) announces the first cash-back incentive for consumers using a prepaid debit card. When customers use the Walmart MoneyCard to buy gasoline for their vehicles, they'll receive 1 percent cash back on their gas purchases nationwide through Dec. 31, 2010.
"We know our customers need to stretch their budgets wherever they can. Just in time for Memorial Day and summer vacations, we are delighted to offer a benefit they want – cash back on gas," said Jane Thompson, president, Walmart Financial Services. "It's one more way we can help families save money."
The Walmart MoneyCard* is a reloadable prepaid Visa debit Card that only costs $3 to purchase, does not require a bank account or credit check, and never has overdraft fees. Customers buying new MoneyCards will be automatically enrolled in the cash-back program, while customers who already have MoneyCards will find it easy to enroll.  The cash back will be added to the MoneyCard balance.
"The Walmart MoneyCard is a smart way to manage money," said Thompson. "It's safer than cash because you're protected if it's lost or stolen. For many of our customers, the MoneyCard replaces cash and helps them do everything they need to do, such as paying bills or shopping online."
The Walmart MoneyCard is issued by GE MoneyBank with additional services provided by Green Dot. The MoneyCards are available at U.S. Walmart stores and can be used everywhere Visa debit cards are accepted. The MoneyCards are protected by the Visa Zero Liability Policy, which protects the cardholder from unauthorized purchases, fraud and theft if the card is lost or stolen.** For more information, visit www.walmartmoneycard.com.
Using the Walmart MoneyCard
The Walmart MoneyCard can be used for many purposes, including:
  • Shop everywhere Visa is accepted, including online and at walmart.com

  • Direct deposit your paycheck to the card

  • Get cash from millions of ATMs worldwide*

  • Pay bills including cable, cell phone and others

  • Pay for gas, groceries and more

  • Use at restaurants, make hotel reservations, buy airline tickets  

  • Budget and track spending online with E-Mail/SMS Balance Alerts



Walmart Money Services
Walmart is a leading provider of affordable money services that help customers manage their money and keep their finances on track.  The company estimates that last year customers saved $450 million in fees by using Walmart money services.
These services include:
  • Check Cashing – With Walmart check cashing, customers can conveniently cash payroll or government checks, including tax-refund checks, starting at $3.

  • Bill Payment – Walmart offers three-day, next-day and same-day bill payment delivery options, with prices starting at 88 cents.

  • Money Transfers – Customers can use MoneyGram® to send money to friends and family around the world in minutes, for a great low fee.



About Walmart
Every week, millions of customers visit Walmart stores, Neighborhood Markets, and Sam's Club locations across America or log on to the online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Walmart is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $467 million in cash and in kind gifts to local communities in the United States. More information about Walmart can be found by visiting www.walmartstores.com.
*The Walmart MoneyCard is issued by GE Money Bank, member FDIC, pursuant to a license from Visa U.S.A., Inc. Additional services provided by Green Dot Corporation.  Purchase price, monthly, ATM and other fees may apply. See Cardholder Agreement for details.  Not available in all states.
** Certain limitations and a lost Card replacement fee may apply. See "Your Liability for Unauthorized Use of your Walmart MoneyCard or PIN" in the Cardholder Agreement for details.
FOR MORE INFORMATION


SOURCE Walmart


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First "Cash Back" Prepaid Debit Card Introduced by Walmart



Walmart MoneyCard First to Offer Cash Back on Prepaid Debit Card 

Cash Back for Gas Purchases Nationwide

BENTONVILLE, Ark.May 17 /PRNewswire-FirstCall/ -- Today, Walmart (NYSE: WMT) announces the first cash-back incentive for consumers using a prepaid debit card. When customers use the Walmart MoneyCard to buy gasoline for their vehicles, they'll receive 1 percent cash back on their gas purchases nationwide through Dec. 31, 2010.
"We know our customers need to stretch their budgets wherever they can. Just in time for Memorial Day and summer vacations, we are delighted to offer a benefit they want – cash back on gas," said Jane Thompson, president, Walmart Financial Services. "It's one more way we can help families save money."
The Walmart MoneyCard* is a reloadable prepaid Visa debit Card that only costs $3 to purchase, does not require a bank account or credit check, and never has overdraft fees. Customers buying new MoneyCards will be automatically enrolled in the cash-back program, while customers who already have MoneyCards will find it easy to enroll.  The cash back will be added to the MoneyCard balance.
"The Walmart MoneyCard is a smart way to manage money," said Thompson. "It's safer than cash because you're protected if it's lost or stolen. For many of our customers, the MoneyCard replaces cash and helps them do everything they need to do, such as paying bills or shopping online."
The Walmart MoneyCard is issued by GE MoneyBank with additional services provided by Green Dot. The MoneyCards are available at U.S. Walmart stores and can be used everywhere Visa debit cards are accepted. The MoneyCards are protected by the Visa Zero Liability Policy, which protects the cardholder from unauthorized purchases, fraud and theft if the card is lost or stolen.** For more information, visit www.walmartmoneycard.com.
Using the Walmart MoneyCard
The Walmart MoneyCard can be used for many purposes, including:
  • Shop everywhere Visa is accepted, including online and at walmart.com

  • Direct deposit your paycheck to the card

  • Get cash from millions of ATMs worldwide*

  • Pay bills including cable, cell phone and others

  • Pay for gas, groceries and more

  • Use at restaurants, make hotel reservations, buy airline tickets  

  • Budget and track spending online with E-Mail/SMS Balance Alerts



Walmart Money Services
Walmart is a leading provider of affordable money services that help customers manage their money and keep their finances on track.  The company estimates that last year customers saved $450 million in fees by using Walmart money services.
These services include:
  • Check Cashing – With Walmart check cashing, customers can conveniently cash payroll or government checks, including tax-refund checks, starting at $3.

  • Bill Payment – Walmart offers three-day, next-day and same-day bill payment delivery options, with prices starting at 88 cents.

  • Money Transfers – Customers can use MoneyGram® to send money to friends and family around the world in minutes, for a great low fee.



About Walmart
Every week, millions of customers visit Walmart stores, Neighborhood Markets, and Sam's Club locations across America or log on to the online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Walmart is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $467 million in cash and in kind gifts to local communities in the United States. More information about Walmart can be found by visiting www.walmartstores.com.
*The Walmart MoneyCard is issued by GE Money Bank, member FDIC, pursuant to a license from Visa U.S.A., Inc. Additional services provided by Green Dot Corporation.  Purchase price, monthly, ATM and other fees may apply. See Cardholder Agreement for details.  Not available in all states.
** Certain limitations and a lost Card replacement fee may apply. See "Your Liability for Unauthorized Use of your Walmart MoneyCard or PIN" in the Cardholder Agreement for details.
FOR MORE INFORMATION


SOURCE Walmart


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New York State Restaurant Association Selects Mocapay as Its Official Mobile Marketing Provider



http://www.mocapay.comDENVER--(BUSINESS WIRE)--The New York State Restaurant Association (NYSRA), one of the nation’s largest restaurant associations, has selected Mocapay as its official mobile marketing provider and will start with a pilot program for the New York City Chapter.
“Mobile is becoming one of the restaurant industry’s more effective tools to communicate with customers and drive traffic to restaurants”
NYSRA will leverage the embedded marketing engine within Mocapay’s mobile platform to generate and distribute targeted mobile marketing campaigns for the New York City Chapter to inform its members about pertinent legislative issues, industry news, seminar and event updates and additional relevant information.
“Mobile is becoming one of the restaurant industry’s more effective tools to communicate with customers and drive traffic to restaurants,” said Andrew Rigie, director of operations, Greater New York City Chapters, NYSRA. “Our relationship with Mocapay reinforces the trend the industry is seeing regarding the need to adopt and integrate mobile technologies including mobile marketing campaigns to support customer acquisition and retention.”
Mocapay will provide NYSRA detailed campaign analytics including full customization of campaigns and promotions through an organization specific dashboard. The dashboard platform provides tools that allow NYSRA to build targeted campaigns and monitor real-time feedback to help track the effectiveness of specific campaigns.
“As a resource to more than 8,000 members, the New York State Restaurant Association provides its members insight on best practices and services related to the industry. This partnership supports the readiness of the restaurant industry to utilize mobile technology in providing a new channel for sales and marketing,” said Kevin Grieve, CEO, Mocapay.
In addition to the embedded marketing engine, the Mocapay mobile experience platform offers the only mobile solution in the marketplace that enables a secure, patented mobile payments solution. Mocapay offers its end-to-end mobile platform solution to merchant issuers of closed-loop loyalty, gift, and private-label credit, as well as financial institutions that issue open-loop prepaid, debit, and credit.
About Mocapay
Mocapay is an end-to-end, mobile payments and experience platform for innovative issuers. The platform addresses merchants’ need for a new channel that will broaden their loyalty and gift programs by mobilizing sales and marketing to reach customers anytime, not just at the point of sale, encourage purchases and build a stronger brand affinity. For innovative financial institution issuers, Mocapay reduces the implementation time, support complexity and costs associated with secure mobile payments increasing and accelerating consumer and merchant adoption. Based in Denver, Mocapay is a privately held, venture funded company founded in 2006. For more information, visit www.mocapay.com.

Contacts

104 West Partners

Elaine Schoch, 720-407-6064

Elaine . Schoch @ 104west .com
Permalink: http://www.businesswire.com/news/home/20100518005415/en/York-State-Restaurant-Association-Selects-Mocapay-Official


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New York State Restaurant Association Selects Mocapay as Its Official Mobile Marketing Provider



http://www.mocapay.comDENVER--(BUSINESS WIRE)--The New York State Restaurant Association (NYSRA), one of the nation’s largest restaurant associations, has selected Mocapay as its official mobile marketing provider and will start with a pilot program for the New York City Chapter.
“Mobile is becoming one of the restaurant industry’s more effective tools to communicate with customers and drive traffic to restaurants”
NYSRA will leverage the embedded marketing engine within Mocapay’s mobile platform to generate and distribute targeted mobile marketing campaigns for the New York City Chapter to inform its members about pertinent legislative issues, industry news, seminar and event updates and additional relevant information.
“Mobile is becoming one of the restaurant industry’s more effective tools to communicate with customers and drive traffic to restaurants,” said Andrew Rigie, director of operations, Greater New York City Chapters, NYSRA. “Our relationship with Mocapay reinforces the trend the industry is seeing regarding the need to adopt and integrate mobile technologies including mobile marketing campaigns to support customer acquisition and retention.”
Mocapay will provide NYSRA detailed campaign analytics including full customization of campaigns and promotions through an organization specific dashboard. The dashboard platform provides tools that allow NYSRA to build targeted campaigns and monitor real-time feedback to help track the effectiveness of specific campaigns.
“As a resource to more than 8,000 members, the New York State Restaurant Association provides its members insight on best practices and services related to the industry. This partnership supports the readiness of the restaurant industry to utilize mobile technology in providing a new channel for sales and marketing,” said Kevin Grieve, CEO, Mocapay.
In addition to the embedded marketing engine, the Mocapay mobile experience platform offers the only mobile solution in the marketplace that enables a secure, patented mobile payments solution. Mocapay offers its end-to-end mobile platform solution to merchant issuers of closed-loop loyalty, gift, and private-label credit, as well as financial institutions that issue open-loop prepaid, debit, and credit.
About Mocapay
Mocapay is an end-to-end, mobile payments and experience platform for innovative issuers. The platform addresses merchants’ need for a new channel that will broaden their loyalty and gift programs by mobilizing sales and marketing to reach customers anytime, not just at the point of sale, encourage purchases and build a stronger brand affinity. For innovative financial institution issuers, Mocapay reduces the implementation time, support complexity and costs associated with secure mobile payments increasing and accelerating consumer and merchant adoption. Based in Denver, Mocapay is a privately held, venture funded company founded in 2006. For more information, visit www.mocapay.com.

Contacts

104 West Partners

Elaine Schoch, 720-407-6064

Elaine . Schoch @ 104west .com
Permalink: http://www.businesswire.com/news/home/20100518005415/en/York-State-Restaurant-Association-Selects-Mocapay-Official


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EFF Research: Browsers Leave Your Fingerprints all Over the Web

Electronic Frontier FoundationImage via Wikipedia


Who needs biometrics?  Net-Security.org reports that  "an overwhelming majority of web browsers have unique signatures - creating identifiable "fingerprints" that could be used to track you as you surf the Internet," according to research by the Electronic Frontier Foundation (EFF).


The findings were the result of an experiment EFF conducted with volunteers who visited a website that anonymously logged the configuration and version information from each participant's operating system, browser, and browser plug-ins - information that websites routinely access each time you visit - and compared that information to a database of configurations collected from almost a million other visitors.  EFF found that 84% of the configuration combinations were unique and identifiable, creating unique and identifiable browser "fingerprints." Browsers with Adobe Flash or Java plug-ins installed were 94% unique and trackable.
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EFF Research: Browsers Leave Your Fingerprints all Over the Web

Electronic Frontier FoundationImage via Wikipedia


Who needs biometrics?  Net-Security.org reports that  "an overwhelming majority of web browsers have unique signatures - creating identifiable "fingerprints" that could be used to track you as you surf the Internet," according to research by the Electronic Frontier Foundation (EFF).


The findings were the result of an experiment EFF conducted with volunteers who visited a website that anonymously logged the configuration and version information from each participant's operating system, browser, and browser plug-ins - information that websites routinely access each time you visit - and compared that information to a database of configurations collected from almost a million other visitors.  EFF found that 84% of the configuration combinations were unique and identifiable, creating unique and identifiable browser "fingerprints." Browsers with Adobe Flash or Java plug-ins installed were 94% unique and trackable.
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Disqus for ePayment News