Tuesday, August 28, 2012

TIO Networks Launches TIO Connect to Simplify Onboarding for Bill Issuers and to open New Markets


~New platform provides billers easy access to TIO’s network of 60,000 payment locations and virtual payment channels including web and mobile~
VANCOUVER, British Columbia--()--TIO Networks Corp., (TSX-V: TNC) ("TIO"), North America's leading expedited bill payment company, has launched TIO Connect, a new Application Programming Interface (API) designed to make it easy and cost effective for bill issuers of any size to integrate into TIO’s network. With TIO Connect, utility, telecommunications, cable, finance and other billers can quickly launch services to enable consumers to pay bills at more than 60,000 self-serve kiosks and over-the-counter locations, or anytime via its mobile payment app.
“With this new solution TIO can now provide integration options for billers of any size, which will dramatically expand the number and types of biller partners we can service.”
“TIO Connect increases the scalability and efficiency of TIO’s bill payment services for new and existing biller partners,” said Hamed Shahbazi, Chairman and CEO of TIO Networks. “With this new solution TIO can now provide integration options for billers of any size, which will dramatically expand the number and types of biller partners we can service.”
TIO Connect enables billers to cost-effectively integrate with TIO’s payment infrastructure using their own development resources at their own pace. Alternatively, TIO Connect offers the option of contracting with TIO or one of its Independent Software Vendor (ISV) partners, ensuring instant access to development resources and rapid deployment.
Once integrated, billers can accept debit, credit or cash-based bill payments through any of TIO’s self-service bill pay kiosks or over-the-counter bill pay locations. Payments can be processed and remitted that day. TIO Connect also provides billers with instant visibility through TIO MobilePay - its iOS and Android mobile payment app.
“TIO can now better serve the needs of smaller bill issuers and open up new markets such as insurance, auto payments, rental housing and beyond,” said Rob Goehring, TIO’s Chief Marketing Officer. “For partners wishing to maintain their brand, TIO Connect also offers the option to deploy branded kiosk, clerk-assisted, web and mobile payment solutions. With these integration innovations being delivered efficiently and at lower cost, TIO can grow its market share.”
Over the coming months TIO will be expanding the ISV program to include additional partners. For more information visit: http://www.tioconnect.com
About: TIO Networks
TIO is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. With more than 60,000 endpoints, TIO symbolizes fast, convenient and secure bill paying. Visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/tiobillpay or Like us onwww.facebook.com/TIOWallet.
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.


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Smartphone Banking Capabilities Are Lacking, According to New Research from the Auriemma Consulting Group


LONDON--()--Smartphones are considered to be the singularly most engaging opportunity within the payment space, yet recent research by the Auriemma Consulting Group (ACG) suggests that banks have not kept up with consumer demand for enhanced smartphone apps and capabilities.
“Improving smartphone offerings has become necessary for issuers to stay on-par with the competition, and maintain consumer loyalty and engagement over upcoming years. Particularly as the payments industry delivers on consumer demand for mobile payments”
51.6% of UK consumers currently own a smartphone, and strong growth is forecasted to continue, with ownership expected to increase by at least 16% over the next two years. Consumers primarily use desktop/laptops to access financial services information, because limited capabilities are available on smartphones (65% of desktop owners vs. 23% of smartphone owners use their device to access their financial services account). The difference in capabilities is evident when comparing consumer usage of banking features across devices.
Smartphone Financial Services Capabilities Accessed:
  • Smartphone banking capabilities with a high penetration rate: Review account balances, view a selection of recent transactions and pay bills
  • Smartphone banking capabilities with a low penetration rate: Transfer money between accounts and/or to others, review details across multiple accounts, review full view account history and redeem rewards
“Given the continued growth forecasted and high consumer usage and engagement with smartphones, the research clearly shows that there are gaps in smartphone banking capabilities”, said Mark Jackson, Director at ACG. “Improving smartphone offerings has become necessary for issuers to stay on-par with the competition, and maintain consumer loyalty and engagement over upcoming years. Particularly as the payments industry delivers on consumer demand for mobile payments”.
 
Behaviour of Device Owners who Access Banking Capabilities on their Device
 
Behaviour Smartphone Desktop
Reviewed account balances 69.2% 87.5%
Reviewed recent transactions 48.3% 71.6%
Transferred money between accounts 20.0% 52.5%
Paid bills 17.5% 48.3%
Redeemed rewards 6.7% 8.8%
Transferred money to others 18.3% 37.9%
Reviewed and compared account details across multiple accounts 6.7% 11.4%
Received SMS alerts 22.5% 3.4%
Obtained bank/ATM locations and hours 10.0% 2.4%
Obtained contact information 5.0% 4.5%
  
Demographics: Smartphone Owners vs. Overall Population
 
Demographic Smartphone Owners Overall Population
Average income £32,548 £28,484
Average age (years) 39.2 43.8
*Overall population reflective of consumers that hold a payment method, and are 16 or older.
 
About the Mobile Payments Report
The Mobile Payments Report (MPR) is a market research service that provides a comprehensive and trended insight on all aspects of mobile and e-commerce, including contactless and NFC payments. The MPR tracks consumer usage, penetration, and attitudes across more than 50 key measures on a quarterly basis, and is therefore a source of deep consumer-led insight. The service is enhanced by consulting support from payments industry practitioners to enable subscribers to shape, adapt, and prioritise mobile payments strategy based on evolving consumer needs and mindsets. For additional information about this press release, and/or to subscribe to the Mobile Payments Report, contact Mark Jackson at mark.jackson@acg.net or +44 (0) 207 629 0075.
About Auriemma Consulting Group
Since 1984, ACG has offered comprehensive management consulting, research, industry roundtable and benchmarking services to the financial services industry. ACG clients include credit card issuers and networks, commercial banks, mortgage lenders, merchants, and industry vendors. With offices in New York and London, ACG offers actionable solutions to help clients make important business decisions to maximise their efficiencies and revenues.


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iPhone Leaks Show NFC, LivingSocial Sued

ePaymentNews for NFC Mobile Payment
Apple patent points to another step on the road to NFC
CNET
Artwork in the patent specifically refers to NFC as one platform for the mobile payment confirmation. Payment transactions increasingly occur without the use of physical payment objects such as credit cards or cash. For example, online purchases may be ...
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Street Fight Daily: iPhone Leaks Show NFC, LivingSocial Sued
Street Fight
The payment processing giant has cut a five-year deal with Everything Everywhere, the JV between France Telecom's Orange and T-Mobile, to develop mobile payment solutions, with a "co-branded, prepaid solution for mobile devices" enabling contactless ...
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Street Fight
GSMA NFC & Mobile Money Summit
Mobile-Financial.com
The GSMA NFC & Mobile Money Summit is designed to bring together key players in mobile, finance and technology to network, share ideas and foster the growth of NFC and Mobile Money products and services. Join us in Milan, 22-25 October 2012, to Expand ...
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Skycore's 'Tap to Like' uses NFC, Facebook to reach consumers
NFCNews
Boston-based mobile marketing provider Skycore has released a new solution that enables brands to use NFC smart posters to build a following on Facebook. The "Tap to Like" solution ... Top three uses for NFC beyond payments. With all the buzz about ...
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27 "Mobile Payment" News Stories for August 28, 2012

News17 new results for "Mobile Payment"
Square Rolls Out Affordable Mobile Payment Pricing Option For Small Businesses
Small Business News from Gaebler.com
Mobile payment processing company gives small retailers and other businesses the option of moving away from troublesome "per swipe" fee structure. Mobile credit card readers and portable payment options have expanded revenue opportunities for ...
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Small Business News from Gaebler.com
Mobile Payment—Are Shoppers Ready for It?
AMOG
However, mobile payment in the cloud is now enabled by PayPal for its 50 million mobile users. In fact, it no longer needs a mobile device at the point of purchase. For example, when a PayPal customer buys goods in The Home Depot, he or she can simply ...
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Pilot offers a mobile payment alternative to Czechs
Mobile Payments Today
Czech Republic bank Komercni banka is joining with wireless carrier Telefónica, Visa Europe and handset-maker Samsung to offer a new pilot mobile payment program. The FI will offer 2,000 owners of Samsung's Galaxy SIII the ability to trade in their ...
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That Little Chip in the New iPhone May Spell the Death of Plastic, If Not Cash
Minyanville.com
Starbucks (SBUX) announced a partnership with mobile payment company Square this month that could go a long way towards automating or simplifying payments at the world's largest coffee chain. Four billion cups of coffee per year means a lot of work for ...
See all stories on this topic »
TIO Networks Launches TIO Connect to Simplify Onboarding for Bill Issuers and ...
PYMNTS.com
With TIO Connect, utility, telecommunications, cable, finance and other billers can quickly launch services to enable consumers to pay bills at more than 60,000 self-serve kiosks and over-the-counter locations, or anytime via its mobile payment app.
See all stories on this topic »
Mobile Wallet Provider moneto Enhances Mobile Payment Program with New ...
PR Web (press release)
moneto, the world's first multi-platform Near Field Communication (NFC) based mobile payment service for iPhone and Android, announced today various enhancements that add to the unique program. The upgraded program comes equipped with new ...
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PR Web (press release)
Next generation retail therapy
Digital Market Asia
Other mobile developments are on the horizon, including mobile finance (m-finance), mobile banking (m-banking), mobile payment (m-payment) and mobile commerce (m-commerce), particularly the latter. Using a mobile device as a medium of payment (as ...
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Digital Market Asia
Merchant Data Systems Offers New Technology to Help Women's Ready to ...
Equities.com
MDS can give businesses access to mobile credit card readers, electronic check processing, invoicing solutions, and a range of other merchant services and mobile payment options. The internet has opened up a world of possibilities for businesses.
See all stories on this topic »
Chicago Bus Operator PACE Selects Cubic for Open Payment System; Deal ...
Equities.com
"This will enhance our riders' experience by making fare payment consistent across buses and metros in Chicago and the suburbs, and enable our customers to use the latest in open contactless card and mobile payment technologies." Cubic® Transportation ...
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Koala Pay Signing Merchants for Dwolla-Based Mobile Payment App
DigitalJournal.com (press release)
Koala Pay Signing Merchants for Dwolla-Based Mobile Payment App. > PRWEB.COM Newswire. North Liberty, IA (PRWEB) August 28, 2012. Koala Pay believes their app is the only payments app that will link a checking account to such a broad spectrum of ...
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Snapper announce enhancement to Touch2Pay
Voxy
The TSM is a New Zealand first and draws on ABnote's 217 years of experience in the field of secure payment issuing that has evolved from banknotes, cheques and smartcards to now the most innovative mobile payment services. Instantly add Snapper to ...
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Groupon Needs a Better Deal
Forbes
Groupon obtained a mobile startup, Hyperpublic, which makes geolocation technology, then quickly announced the deal for Kima labs, which makes mobile barcode reading app Barcode Hero and mobile payment app TapBuy. But can Groupon deal fast ...
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Imitation Is the Sincerest Form of Fundability
Wall Street Journal (blog)
Some venture-backed start-ups have found there's nothing wrong with being copycats. People marvel (or roll their eyes, enviously) at the funding that comparable businesses–like these ride sharing and mobile-payment start-ups–raise from venture capitalists.
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Wall Street Journal (blog)
Todd English May Get Reality Show and More News
The Daily meal
Mobile Payments May Be the New Norm: If McDonald's PayPal mobile payment works out, more restaurants may be using the system, not to mention regular retailers like Office Depot. Now, if only those PayPal hackers wouldn't get in the mix. [QR Code Press] ...
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The Daily meal
Sun Country Airlines Selects GuestLogix to Deploy OnTouch(R) Merchandising ...
The Leading Aviation Industry Resource for News, Equipment and
The XPDA-SP devices will enable EMV Contactless and NFC/mobile payment options. Prior to this, Sun Country accepted cash onboard and handled its own credit card processing. "GuestLogix is thrilled to be helping Sun Country enhance the onboard ...
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QuickBooks Online Gets Some Mint.com Data Entry Smarts
PCWorld
... features and income transaction tracking. Similar Articles: Intuit Announces QuickBooks 2012, Salesforce Add-on · Square Mobile Payment System Review: Tiny Reader, Simple Apps · Intuit QuickBooks Pro 2012 Review: The Perennial Leader Stays Strong ...
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[PAMRO 2012] Ways of measuring media audiences
Bizcommunity.com
"The investment in communication infrastructure has seen an increase in the use of smart phones, tablets and even 'pay as you go' TV mainly facilitated by mobile payment services like MPesa," noted Laurence Chausson, international marketing director, ...
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Blogs10 new results for "Mobile Payment"
Starbucks bets on mobile payment
By Francis
Go for a cappuccino at Starbucks with your mobile phone and no purse. This seems to be the goal of Starbucks executives after announcing an investment of $25 million in the mobile payments platform Square, which has applications for ...
Japan Status
Chicago Bus Operator PACE Selects Cubic For Open Payment System
By Pritha Dey
"This will enhance our riders' experience by making fare payment consistent across buses and metros in Chicago and the suburbs, and enable our customers to use the latest in open contactless card and mobile payment technologies." ...
LogisticsWeek
Mobile Commerce News Weekly – Week of August 26, 2012
By Shawna Benedict
Juniper predicts that mobile payment transactions will reach $1.3 trillion in the next five years, a fourfold increase. Read Original Content Deutsche Telekom has taken a major step toward its scheduled launch of the Mobile Wallet initiative next ...
MobileEnterpriseStrategies.com
mCommerce Is Coming Your Way | Business Computing World
By David Akka
Rumours also abound around the iPhone 5 and what it may or may not contain in terms of mobile payment capabilities, whilst Google already has Google Wallet and AT&T, Verizon and T-Mobile offer Isis Mobile Wallet. Right now in the UK ...
Business Computing World
MasterCard and Everything Everywhere finally sign off on 5 year ...
By krowne
MasterCard has finalised a five-year deal with Everything Everywhere (the joint venture between France Telecom's Orange and T-Mobile) to develop mobile payment solutions, with a "co-branded, prepaid solution for mobile devices" enabling ...
Contactless Intelligence
Mobile Banking Asia 2012 | Electronic Money Association
By andrew.lenaghan
The Mobile Banking and Payments for Emerging Asia Summit 2012 conference is designed to discuss the roles of mobile banking and mobile payment for emerging Asian markets, and will focus on the practical concerns of industry ...
Electronic Money Association
Everything Everywhere signs five year MasterCard deal for NFC ...
By Chris Donkin
Orange launches MasterCard service · Vodafone and Visa in world's largest mobile payments agreement · Google Wallet signs up Visa for NFC as it goes live in US · Samsung and Visa announce mobile payment deal · EE signs MVNA deal ...
Mobile News Online
Ver. 1.4 Book Release, Apple's Victory, Cable Guy Google, & Mobile ...
By gallaugh
The Seattle coffee giant launched it's iPhone mobile payment app in January of 2011 and it's been a huge success. Now available on a variety of platforms, the app allows customers to wave their phone at the register and pay instantly.
The Week in Geek™
Google looking to Apple's Passbook for upcoming Wallet features ...
By Jake Smith
Google Wallet has been the only mobile payment solution to take off thus far. A slew of carriers are said to be working on their own mobile payment solution called "ISIS", which could add some competition to Google's dominance. However ...
9to5Google
Claimed iPhone 5 parts reveal possible NFC chip
By Cody Lee
Hint: That is not a NFC chip nor is Apple utilizing NFC for their mobile payment strategy; however, the chip in question is new and the primary use is for mobile payments. http://twitter.com/MCaudebec Maxim∑. ok then what is it? its located ...
iDownloadBlog.com



Orange and T-Mobile sign with MasterCard for NFC mobile payments

ePaymentNews for NFC Mobile Payment
Orange and T-Mobile sign with MasterCard for NFC mobile payments
ZDNet
The shift to mobile is a very big deal for the payments industry. Not only can people pay using near-field communications (NFC), the contactless technology being used in the deal announced today, but companies such as Square and iZettle are racing to ...
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ZDNet
New Apple patent may offer clues to future mobile payment solution
Apple Insider
8,255,323 for "Motion based payment confirmation" may seem innocuous at first glance, but the invention could very well be implemented into an NFC-driven mobile payment solution. The '323 patent basically describes a graphical user interface for ...
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Knowledge and use of contactless payment increasing amongst consumers
MoneyExpert
... with recent research revealing that 84% now recognise the contactless payment symbol. The findings from Barclaycard show that the number of those who can identify the symbol for NFC mobile phone or paying via contactless card has doubled compared ...
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Is South Africa ready for cashless?
BusinessTech
Near-field communication (NFC) technology has also started making appearances in the country in various forms. In December 2011, Absa initiated internal trials for NFC-enabled mobile transactions, embedding the bank's Paypass Tap and Go payment card ...
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BusinessTech
The changing SME payment landscape
Director of Finance online
One innovative move supporting mobile payments is the rise of near-field communication (NFC). NFC technology allows contactless payments to occur, and ever-more mobile phone manufacturers and operators are beginning to include NFC technology into ...
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Everything Everywhere and MasterCard Partner on NFC Pre-paid Solution

News1 new result for "Near Field Communications"
Everything Everywhere and MasterCard Partner to Deliver Mobile and Digital ...
PYMNTS.com
One of the first products to launch through the partnership will be a co-branded pre-paid solution for mobile devices that allows customers to make payments using Near Field Communications technology. This will enable millions of Everything Everywhere ...
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Barclays: Recognition of contactless payments almost doubles in the UK

English: A Leeds Taxi with advertisements for ...
English: A Leeds Taxi with advertisements for Barclays bank as seen on Boar Lane in Leeds, West Yorkshire, UK. (Photo credit: Wikipedia)
News1 new result for NFC Mobile Payment
Recognition of contactless payments almost doubles in the UK
The Fonecast
Credit card business Barclaycard has published new research showing that most British people now recognise the symbol for contactless payments. 84% can identify the symbol for paying via contactless card or NFC mobile phone, which is almost double the ...
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New photos point to possible NFC in iPhone 5

ePaymentNews for NFC Mobile Payment
New photos point to possible NFC in iPhone 5
Geek

It could be the giant rest button that the NFC community desperately needs. Since first entering the mobile consumer market about a year ago with Google Wallet, the concept of contactless technology built directly into smartphones for mobile payments ...

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Mobile commerce may revolutionize transactions
QR Code Press
Smart phones may be poised to take over the world of commerce thanks to NFC technology. The technology has made it possible for these mobile devices to be used as payment platforms for goods and services. Though NFC-enabled smart phones are still in ...
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QR Code Press



MasterCard Inks 5-Year Deal With UK's Everything Everywhere For NFC

ePaymentNews for NFC Mobile Payment
MasterCard Inks 5-Year Deal With UK's Everything Everywhere For NFC And ...
TechCrunch
In turn, that could, for example, work with the NFC chips embedded in the handsets. (I've heard these carrier-branded prepaid cards described as "gateway" payment options to help people associate carriers with payments, as step one of a mobile payments ...
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TechCrunch



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