15 "Mobile Payment" News Stories for July 21st, 2012

News 11 new results for "Mobile Payment"

All Eyes on Mobile Pay at the Summer Olympics Investorplace.com The Olympic version will come with Visa's (NYSE:V) mobile payment application (payWave), and about 140000 "readers" have been installed in businesses and taxis throughout the United Kingdom, so those lucky enough to have one of the phones can pay ... See all stories on this topic » Investorplace.com

Google-backed payment startup Corduro aims for enterprise GigaOM When Corduro launched last year, it looked like another mobile payment start-up targeting Square. But after a quiet year, the Google-backed company is showing that it's got bigger ambitions as it pursues enterprise customers looking for a combination of ... See all stories on this topic » GigaOM

German myTaxi offers passengers a mobile payment option Mobile Payments Today German company myTaxi is adding mobile payments to its popular car-ordering service by partnering with Wirecard, a payment and digital security provider. Similar to San Francisco-based Uber, myTaxi currently operates in 30 German cities along with ... See all stories on this topic »

RFI Global gains Visa accreditation for mobile testing Finextra Jean-Luc Khaou, Head of Payments & Security, RFI Global, commented: "We are proud to be a formally recognized Mobile Payment laboratory for Visa. By joining UL we can now offer our customers a comprehensive transaction security service portfolio in ... See all stories on this topic »

Mobile Payments Soar In The U.S. Investor's Business Daily IDC Financial Insights says of those that had made a mobile payment in the last 12 months, 56% used eBay 's (EBAY) PayPal Mobile. Amazon (AMZN) Payments and Apple's (AAPL) iTunes service were each statistically tied at about 40%. In addition, prepaid ... See all stories on this topic »

UK Consumers Want to Acquire Mobile Wallets from Banks over Non-Traditional ... Business Wire (press release) 11.6% of consumers would acquire mobile wallets from digital/mobile payment providers (e.g., PayPal, Skrill, Neteller, etc.) 9.5% of consumers would acquire wallets from mobile providers (e.g., O2, Vodafone, etc.) 5.1% of consumers would acquire wallets ... See all stories on this topic »

Freeport Capital Inc. (FAS:CNSX) Completes 51% Acquisition of Vault Acquiring ... DigitalJournal.com (press release) Additionally, with a vast number of new EMVL1&L2 devices requiring a compliant host to connect, we believe strongly that we will capitalize in the Mobile Payment Space delivering EMV compliant solutions globally offering our Hybrid PayTech App's with ... See all stories on this topic »

WalletBit introduces ResponsePay platform QR Code Press WalletBit, a mobile commerce company based in Germany, has announced the release of its new mobile payment platform called ResponsePay. ResponsePay is a new platform that facilitates only "bitcoin" transactions. Bitcoins are a form of online currency ... See all stories on this topic »

Parallels Payment Network Expands E-commerce Solution for Hosters with PCI ... MyHostNews.com (press release) The company's proprietary platforms enable integrated solutions for all payment types for businesses, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Setting up a Chase ... See all stories on this topic »

Google's Biggest Weakness: Mobile Ads Mobiledia Google is taking the mobile route since that is the path towards a relevant future, but the collateral damage of insecurity with mobile payment systems and lowered cost per clicks may hurt the company if it doesn't fix the problems soon. Related Stories ... See all stories on this topic » Mobiledia

Gmail goes SMS in Africa Financial Times (blog) As M-Pesa, the mobile payment system, has shown in Kenya, mobile services in Africa are highly popular and effective. Other companies have looked to get in on the act too – Orange, which is owned by France Telecom, has over 4m users of its Orange ... See all stories on this topic »

Blogs 1 new result for "Mobile Payment"

PayPal Buys Itself an API By Curtis C. Chen ... suddenly become extremely useful to many more people. (Hat tip: PayPal blog and @cardio). Related ProgrammableWeb ResourcesLearn more · Card.io API Profile. Mobile payment service. Protocols: REST. Data Formats: JSON. Mashups ... ProgrammableWeb

Web 3 new results for "Mobile Payment"

Now SafetyPay Offers Global Mobile Payment Platform Online payment solution offered to 250 million customers. www.prweb.com/releases/2012/7/prweb9683814.htm

Mobile Payments - The Future of Mobile Payment Mobile Payments, unfortunately haven't taken off faster in North America simply a matter of bad PR. Mobile Payments can help business grow! www.ach-payments.com/articles/mobile-payments/

CBN Moves To Enhance Mobile Payment System - Business/Money ... Determined to instill confidence in the Nigerian payment system, the Central Bank of Nigeria (CBN) is currently collaborating with the Nigeria Deposit Insurance ... www.nairaland.com/.../cbn-moves-enhance-mobile-payment

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US Dataworks - Cloud Payments Disrupt NFC in Mobile Payments

Web 6 new results for NFC Mobile Payment

US Dataworks - Cloud Payments Disrupt NFC in Mobile Payments Everyone knows that the real key to mobile payments adoption is interoperability combined with consumer adoption. So which form of payment seems more ... www.usdataworks.com/.../cloud-payments-disrupt-nfc-in-mob...

China Mobile (Photo credit: Wikipedia) NFC Mobile Payment Growth Could Be Stunted By Security - Zimbio NFC mobile" NFC Mobile Payment Growth Could Be Stunted By Security … – ZimbioWeb 5 new results for NFC Mobile Payment NFC Mobile Payment Growth ... www.zimbio.com/.../NFC+Mobile+Payment+Growth+Stunted+...

Mobile payments adoption remains stymied by hurdles … | Near ... How do you feel about Near Field Communication and the advent of mobile payments?: I can't wait to get rid of this cumbersome … NFC mobile payments are ... https://nfcip.org/.../mobile-payments-adoption-remains-stymie...

G&D | Payment Sticker from G&D Equips Cell Phones for Mobile ... The SECCOS® Mobile payment sticker is certified for the MasterCard® contactless ... Although there are around 50 NFC-enabled smartphone models now ... www.gi-de.com/.../Bezahl-Sticker-von-G%26D-macht-Handys...

Mobile Payments News | MobilePaymentsToday.com Get the latest news about mobile payments technology and ... www.mobilepaymentstoday.com/news_archive.php?tag=597...

China Mobile develops NFC phones - China.org.cn NFC mobile phones can help China Mobile to promote its mobile payment services, as the telecom carrier tries to find new sources to boost its sluggish revenue ... www.china.org.cn/business/2012-07/.../content_25891630.ht...

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Mobile payments adoption remains stymied by hurdles

English: A poster advertising the introduction of the mobile payment service M-Pesa in Tanzania (Photo credit: Wikipedia)

Blogs 5 new results for NFC Mobile Payment

Expected rise in Mobile Shopping; User Friendliness ... - BLOG NFC By audrey If the number of mobile shoppers is set to double as eBay predicts evidently this should lead to more people shopping exclusively with their mobile phone, naturally NFC payment should follow closely behind? We'd like to think so. BLOG NFC

Dutch banks, mobile operators disband NFC joint venture ... - Paypers Dutch financial services providers ABN AMRO, Rabobank, ING and telecommunications and telecommunications services providers KPN and Vodafone have disbanded their initiative to create a joint venture to introduce NFC mobile ... The Paypers Headlines

Ever wonder what's in your smart phone? | Advanced Technology ... By KOTRA KONAI has supplied more than 10 million NFC USIM cards globally, making the company the largest NFC USIM provider in the world. KONAI is a key enabler behind the world's first nationwide commercial NFC mobile payment service (South ...Advanced Technology & Design Korea

Mobile payments adoption remains stymied by hurdles ...Using NFC-enabled handsets does provide a more technically reliable route, but consumers remain unsure over the level of security NFC provides (albeit unfounded) and the complexity of the overall solution. ... Given that current non-mobile payment schemes already involve the merchant, issuer, acquirer and the card scheme, can the margins for a mobile service support the addition of the operator and others such as the handset vendor, m-wallet service provider, etc.? Also, what ...FierceWireless

Termineter Security Framework for Smart Meters Released | threatpost By Dennis Fisher I can't wait to get rid of this cumbersome credit card. I am concerned about the serious security implications that come along with this sort of technology. Who cares? NFC mobile payments are no more or less secure than using a credit card ... threatpost - The First Stop for...

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Mobile and Web Security Will Be Major Topics at Black Hat

English: A stereotypical caricature of a villain (i.e. generic melodrama villain stock character, with handlebar moustache and black top-hat). (Photo credit: Wikipedia)

ePaymentNews            3 new results for NFC Mobile Payment

Mobile and Web Security Will Be Major Topics at Black Hat PCWorld (blog) Many of today's mobile phones are actually mini computers that store a wealth of sensitive data and this makes them attractive targets for attackers. Some smartphone vendors have implemented NFC technology to enable contactless mobile payments. See all stories on this topic »

CommBank reveals Pi POS platform NFCNews (blog) In addition to running Pi apps, Albert will allow businesses to process all types of transactions including swipe, chip, contactless, PIN and NFC, as well as bar codes and QR codes. According to CommBank, Albert will be up for ... Commbank taps G&D for ... See all stories on this topic »

Banks benefit from mobile payments boom FierceFinanceIT A video from Mobile Banker looks into this issue, making the good point that the mobile payments spurt that we're now seeing is not putting banks at any sort of disadvantage. Most of the mobile payments via Amazon, Apple and eBay are tethered to some ... See all stories on this topic »

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Why The Future Of Mobile Payments Is Apple's To Lose

Stay ahead of key mobile trends with BI Intelligence, Business Insider's new research and analysis service focused on the mobile industry. Access the full library of research, data, and charts. Sign up for your free trial today >>

At our Mobile Advertising Conference last month we asked some of the top people in mobile payments where they thought things were headed in the space.

While all had different ideas about how it could develop, all agreed on who could control the space if they got there first – Apple.

Watch the video below to see why.

 Produced by Kamelia Angelova, Robert Libetti & William Wei

Read more: http://www.businessinsider.com/why-apple-can-control-mobile-payments-2012-7#ixzz21B7ECIjL

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DATACASH (MasterCard) AND ALIPAY TO BOOST CROSS-BORDER PAYMENTS IN CHINA

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LONDON, UK, 20 July 2012 – DataCash Group Ltd, a MasterCard company, today announced the integration of Alipay, a leading third-party payment platform in China, to its international payment solution. This cooperation will enable DataCash Merchants to accept payments made by Alipay users.   International retailers can now access the China’s growing online payments market, estimated at £80 billion in the last quarter according to the iResearch Consulting Group, via a payment solution which is integrated with global payment services provider, DataCash.

China has over 193 million online shoppers compared to 170 million in the US, more than double the number in Japan and five times that of the UK. By 2015, the size of China's e-commerce market is expected to rival that of the US, with e-commerce accounting for as much as eight per cent of the total Chinese retail market according to the Boston Consultancy Group.

DataCash’s solution equips retailers outside of China with the ability to process transactions made via Alipay’s online payment service. The solution is fully-integrated, removing the significant translation and integration costs associated with Chinese e-commerce integration and is also acquirer agnostic.

Customers can pay for goods and services via Alipay’s secure online payments platform – one of the most popular payment platforms in Asia already serving over 460,000 online merchants, from a host of sectors.

Specifically, online retailers stand to benefit from the cooperation in the following areas

·         Real-time confirmation of payments

·         No local entity required; ability to facilitate master merchant agreement

·         No chargeback risk for merchants

·         RMB payments converted into appropriate currency before the settlement

·         Multiple e-wallet funding options including credit/debit cards and bank transfers

·         Refunds supported

·         High reliability

·         A single consolidated solution – one integration, consistent reporting, one contract

Ajay Bhalla, president at DataCash said: “DataCash continues to grow its e/m commerce footprint with a vision to commerce for everyone, everywhere on any device.   In addition to our work with Alipay, we are growing DataCash and MasterCard’s relationship in Japan with Japan Credit Bureau (JCB). These kinds of relationships are important for the growth of our payment processing business and increasing geographical footprint.”

He concluded: “Doing business in China represents the future and our technology is helping international companies extend their reach in this exciting new market.”

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About DataCash

Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated) provides multi-channel global payment processing services and advanced fraud prevention and risk management solutions to merchants and banks. As a global partner to some of the world’s most recognisable brands in the gaming, travel, retail and finance sectors, DataCash combines smart thinking and an end-to-end solution to help its customers transcend the complexities and expense associated with payment processing. Advanced technology from DataCash enables customers to accept and process payments in over 177 currencies, from over 45 brands across e-commerce, m-commerce channels and cardholder present channels – with the security and confidence of tools tailored to meet exacting and expanding business needs. DataCash customers protect their brand and reputation, enhance end-user experience and capitalize on new global market opportunities. Follow us on Twitter @DataCashGroup.

About Mastercard

MasterCard(NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

About Alipay

Launched in 2004, Alipay (www.alipay.com) is a commonly used third-party online payment solution in China, providing an easy, safe and secure way for millions of individuals and businesses to make and receive payments on the Internet. It had more than 700 million registered accounts as of June 2012. Alipay provides an escrow payment service that reduces transaction risk for online consumers. Shoppers have the ability to verify whether they are happy with goods they have purchased before releasing funds to the seller. Alipay is an affiliate of Alibaba Group.

A Look At Near Field Communications Secure Element Chip Suppliers

Web 1 new result for "Near Field Communications"

A Look At Near Field Communications Secure Element Chip Suppliers ... Image via CrunchBase Much has been written about the Near Field Communication chip market which enables mobile payment systems such as Google'sGOOG Google Wallet available on ... seekingalpha.com/.../735561-a-look-at-near-field-communicat...

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33 "Mobile Payment" News Stories for July 20th, 2012

ePayment News                                                  26 new results for "Mobile Payment"

CBN moves to enhance mobile payment system BusinessDay Determined to instill confidence in the Nigerian payment system, the Central Bank of Nigeria (CBN) is currently collaborating with the Nigeria Deposit Insurance Corporation (NDIC) to provide insurance cover for the mobile payments in the country. See all stories on this topic » BusinessDay

i2c's Payments Platform Now Servicing Consumers in 216 Countries & Territories EON: Enhanced Online News (press release) MCP is a global payment processing platform from which companies can launch and manage card-based, virtual and mobile payment products. "Getting to market quickly and utilizing a processing platform similar to i2c's which has a range of loyalty, rewards ... See all stories on this topic »

NCR joins growing list of mobile payment operators SlashGear You might not recognize the name NCR, but chances are you've interacted with some of its products. In fact, chances are you do so on a daily basis. It manufactures millions of point-of-sale terminals that are used at retail stores as well as barcode scanners, ... See all stories on this topic » SlashGear

PayPal to Reach $10 Billion in Mobile Payment Transactions for 2012 Mobile Marketing Watch On Thursday, David Marcus, President of PayPal, posted on the official PayPal Blog that he anticipates the company to handle $10 billion in transacted mobile payment volume this year. If you're keeping score, that's an increase of about 150 percent in just the ... See all stories on this topic » Mobile Marketing Watch

CBN, NDIC Plan Insurance Cover for Mobile Banking AllAfrica.com CBN Assistant Director, Banking and Payment System, Samson Agboola, who made this known in Akure yesterday, said the two regulators were considering a trustee arrangement for the 15 mobile payment companies already granted licenses by the CBN ... See all stories on this topic »

Debt woe is just a click away Herald Sun HOW MOBILE PAYMENT APPS WORK. GOOGLE Wallet converts Android mobile phones into credit cards, allowing consumers to make payments to merchants and transfer funds to other people. Consumers simply wave their smartphone near a merchant's ... See all stories on this topic »

EBay Thrives on Mobile Shoppers Morningstar.com However, management's updated outlook for $10 billion in mobile gross merchandise volume transacted and $10 billion in mobile payment volume processed in 2012--a notable increase from the $8 billion and $7 billion forecast earlier in the year and more ... See all stories on this topic »

CBN, NDIC to Insure Mobile Money Subscribers THISDAY Live "As you know, the pay mobile money subscribers store in their phones is not owned by the mobile payment operators, so we want to insure it so that if anything happens to any of the firms offering the service, nothing will happen to their customers' money," he ... See all stories on this topic »

eBay Continues to Benefit From Mobile Growth Minyanville.com eBay announced the acquisition of card.io, a company that provides mobile payment technology, on Tuesday. eBay's Marketplaces division had its best quarter in six years, generating $1.81 billion of revenue over the quarter, 9% more than it did in the same ... See all stories on this topic »

Mobile becomes popular for payment eWAY AU eCommerce News Although it is already popular for digital shoppers to pay electronically when buying from an online store, the popularity of mobile payment solutions is on the rise, prompting more sellers to invest in mobile payment technology. News.com.au reported many ... See all stories on this topic »

Mobile POS system outfits food trucks ZDNet Revel System CEO Lisa Falzone said the company put together the system after restaurants and food delivery organizations complained of limited mobile payment options for food trucks, which are profilerating across the United States. The solution even ... See all stories on this topic » ZDNet

An Update on Mobile Technology in Development: Part II Council on Foreign Relations (blog) Using the Internet and mobile payment systems, the nonprofit Zidisha is an online platform through which entrepreneurs in the developing world (mostly in Kenya and Senegal) can obtain business loans from donors (mostly in developed countries). Zidisha's ... See all stories on this topic » Council on Foreign Relations (blog)

Nigeria: E-Tranzact CEO Suggests Improved Awareness On Cashless Policy Ventures Africa He said this at a mobile payment forum, a seminar/exhibition organised by eTranzact in Lagos. He noted the imbalance in attention that is currently given to infrastructural development while awareness is not getting a much deserved attention from the ... See all stories on this topic » Ventures Africa

PayPal expects mobile payments to more than double Mobile Payments Today Donahoe said the company's PayPal division expects to handle $10 billion in transacted mobile payment volume in 2012. That's an increase of 150 percent over last year's figure. Along with online mobile payments, 15 retailers were added to PayPal's offline, ... See all stories on this topic »

Mobile now reaches 75% of world population Computer Business Review ... has deployed over 20 applications and facilitated more than 3 million interactions between the government and citizens since its launch in December 2010. Kenya, for example, has emerged as a leader in mobile payment systems, such as M-PESA. Share ... See all stories on this topic »

CreditCardProcessingAdvice.com Believes Smartphones Will Replace Credit ... DigitalJournal.com (press release) SAN DIEGO, CA, July 20, 2012 /24-7PressRelease/ -- The Internet & American Life Project at the Pew Research Center along with Elon University's Imagining the Internet Center recently conducted a study suggesting that mobile payment solutions will be ... See all stories on this topic »

Mobile fuels eBay growth Warc Turning to PayPal, Office Depot recently signed up to use its mobile payment services. Starbucks, the coffee house network, added similar tools to its Android app, and four high-street chains in the UK have begun using its in-app purchase system. "What we ... See all stories on this topic »

PayPal Here Australian Hands-On: Beating Square To The Punch Down Under Gizmodo Australia http://edge.alluremedia.com.au/m/g/2012/07/paypal.png. We've all been slowly waiting, wishing and hoping that Square, the mobile payment brainchild of Twitter founder Jack Dorsey, would make it to Australia some day. If you can't wait any longer, maybe try ... See all stories on this topic »

smartphones give more power to shoppers study shows Mozo.com.au A new report released by Deloitte has suggested that the emergence of mobile payment systems has seen the balance of power shift from the retailer to the customer. Now, Aussies can essentially use their handsets as credit or debit cards and searching for ... See all stories on this topic »

BPC Banking Technologies gains foothold in Cambodia Mobile Payments Today Netherlands-based BPC Banking Technologies, a provider of Open System e-payment solutions for the global financial industry, today announced the signing of its first customer in Cambodia. Hattha Kaksekar Limited is the fourth largest microfinance ... See all stories on this topic »

There's a Camp for That VICE When you think of app designers, you probably imagine shaggy 25 year olds with an idea for a hyper-efficient mobile payment system burning in their hearts like a $1.75 Jesus candle. Ambitious, slightly insane college or post-college people will probably ... See all stories on this topic » VICE

Forrester: How to build a security change plan ComputerWeekly.com Latest Headlines. Microsoft reveals 26 October launch for Windows 8 · PayPal buys mobile payment firm Card.io · M-commerce sees exponential growth of 356% · View All News. Featured. Computer Weekly. Computer Weekly is the leading provider of news, ... See all stories on this topic »

More Chinese Are Accessing The Internet On Their Phones RedOrbit In the first half of this year, more than 37 million of China's Internet users took advantage of a mobile payment option. The thought of more people getting online is a frightening one for the communist country, especially with the popularity of micro-blogging sites ... See all stories on this topic »

Sri Lanka domestic payments switch to cut transaction costs Lanka Business Online Phase two will see a mobile payment and Electronic Fund Transfer switch. In the final phase, the company hopes to deploy a common point-of-sale switch, Weerasooriya said. The company is investing its own money into the new system, using the revenue ... See all stories on this topic »

World Bank says 75% of Global Population has a Cell Phone Daily Deal Media Kenya's M-PESA mobile payment system has turned the country into a mobile development hub. Palestine's Souktel's JobMatch turned the average time a college graduate spent looking for employment from 12 weeks to one week, and raised wages by 50 ... See all stories on this topic » Daily Deal Media

Despite a Loss, Nokia Reports a Windows-Based Lift Pittsburgh Post Gazette Windows Phone 8, Mr. Elop said, will include new features like mobile payment software based on near-field communication, a short-range wireless technology, and enhanced security features. During a conference call with analysts, Mr. Elop said he did not ... See all stories on this topic »

Blogs 5 new results for "Mobile Payment"

European banks need to look beyond basic mobile services: Forrester By Chantal Tode ... payments — from PayPass contactless payments at an in-store point of sale to Facebook payments," he said. "In the process, the bank is teaching its customers that if they want to make a mobile payment, they should use the bank's app." ... Mobile Commerce Daily

DAP Poll Results | Mobile Phone Blog By Chris Helsby Since mobile payment services are barely beyond the trial stage at present there is no absolute standard for the way in which the system works. However, consensus seems to be that the best application will see an app downloaded to ... Mobile Phone Blog

What does Loyalty look like on mobile? By oliverarscott I think the most important one to mention and keep mentioning is the Starbucks App. It mixes intuitive and engaging design with a well thought out reward scheme and a fantastic example of mobile-payment. Users are made to feel special and ... Mobilise

'You will reach market saturation if you limit your expectations' – The ... By Stephen Banks and governments need to open up and allow developers to create mobile payment products that are seamless for customers. For some reason they are still making it difficult. We need to give freedom to payment gateway developers, ... Digital TimesDigital Times |...

46 PAYPAL Alternatives By coy 41 https://www.paxum.com/payment/index....iews/index.xsl 42 Obopay - Merchants. 43 https://www.popmoney.com/ 44 ZashPay Home: transfer money, mobile payment 45 https://venmo.com/ 46 Paymate - Online payment service - sell online, ... BizzTeams forums

Web 2 new results for "Mobile Payment"

myTaxi releases first direct mobile payment solution in Germany ... Hamburg-based myTaxi yesterday released the first mobile payment service for taxis in Germany. venturevillage.eu/mytaxi-payment-release

G&D reveal German mobile payment sticker :: Radio-Electronics.com Technology developer, Giesecke & Devrient, has unveiled what it claims is the first mobile payment sticker to meet Germany's banking specifications. Users can ... www.radio-electronics.com/.../gd-reveal-german-mobile-paym...