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As growing adoption of smart devices makes shopping for the general population easier through apps, mobile commerce is on track to grow 300% faster than entire ecommerce by 2016. Data researched (more…)



As growing adoption of smart devices makes shopping for the general population easier through apps, mobile commerce is on track to grow 300% faster than entire ecommerce by 2016. Data researched (more…)

Mobile Payments

  • Samsung Pay on defensive after mobile payments hack October 8, 2015 Apple Pay rivalSamsung has been forced to defend Samsung Pay users – its new mobile payment system – after a hacking attack on the subsidiary that built its technology. In a statement that followed a New York Times report that LoopPay had fallen victim to a group of Chinese hackers known variously as the Codoso Group or Sunshock Group, the company acknowledged the hackers had accessed the LoopPay computer network since ... Read more
  • Call for participation – EPC workshop dedicated to P2P mobile payments October 5, 2015 An image of a phone as a mobile wallet with cards and coinsThe European Payments Council (EPC) has announced that it is hosting a stakeholders workshop focused on Person-to-Person (P2P) mobile payments on 10 December. Payment stakeholders (such as payment service providers, technical solution providers, and also end-user representatives) wishing to participate are encouraged to register their interest. This event aims to facilitate the cooperation of existing and future P2P mobile payment solutions, in order to ... Read more
  • 2nd generation of Digicash mobile payment product September 29, 2015 Digicash mobile paymentsAuchan Luxembourg has kicked off the official launch of the 2nd generation of Digicash, the Luxembourg banks’ mobile payment product. The new version enables customers to link their Auchan Luxembourg loyalty cards to their bank’s App and get a best-in-class full contactless payment experience with the Digicash BEACONs. There is no longer any need to show the loyalty card at check-out: loyalty accounts ... Read more
  • Alibaba invest $680 million in Paytm September 29, 2015 PaytmAlibaba Group has made a strategic investment of $680 million in One97 Communications, the parent company of Paytm. Alibaba now becomes a new investor in the Indian online payment and e-commerce firm. Two people aware of the details say that the Alibaba will pick up about 20% stake “through a fresh issue of shares by investing about $680 million (around Rs4,450 crore)”. The deal ... Read more
  • Europeans ready to adopt Advanced Mobile Financial Services September 29, 2015 A mobile phone and tablet taking mobile paymentsResults of a new global consumer survey around mobile financial services (MFS), reveals 15% of European respondents are likely to use advanced mobile financial services and products for loans, savings, insurance, and payment solutions for education services and medical treatment in the next 12 months, highlighting a great opportunity for service providers to drive the next phase of growth. The survey ... Read more
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Contactless NFC

  • Mobile wallets – a comparison chart September 29, 2015 apple-android-samsung-payApple Pay, Samsung Pay, Android Pay, Google Wallet…lets not forget PayPal, AliPay, Zapp, Pingit and a whole raft of others. There has been plenty of talk about mobile wallets, but now, as the “Pays” begin to roll out we take a brief look at their difference. The infographic above, created by CNN Money, breaks down the major differences between the three major Pays ... Read more
  • Samsung Pay celebrate mobile payment overachievement September 25, 2015 apple-android-samsung-payAhead of its much anticipated launch in the US next week, and pitting itself in direct competition with Apple Pay, Samsung released news that its mobile payment service has processed more than $30 million worth of transactions in its first month in South Korea, a level of market adoption that the company said was “beyond our expectations.” The service, Samsung Pay, competes directly ... Read more
  • A strong start for Samsung Pay September 21, 2015 Samsung waives fees for Samsung Pay mobile payment serviceSamsung Pay has exceeded 500,000 subscribers after its introduction to the South Korean nation on August 20, and both the ICT industry and Samsung Electronics are apparently surprised. When Hana SK Card was launched in 2010, the credit card company set a goal to secure 500,000 members per year while betting on mobile payments. However, Samsung Pay has already achieved the number ... Read more
  • SK Telecom launches T Smart Pay September 21, 2015 T smart PaySK Telecom is heading into the mobile payment market with T Smart Pay. The T Smart Pay service, to be launched at the end of this year, is based on contactless NFC. The charge goes onto customers’ phone bills at the end of the month. Mobile carriers, smartphone producers, financial firms, distributors, portal sites, and Internet companies have developed their own differentiated payment services, ... Read more
  • Court decisions against HTC in Germany in NFC patent disputes September 17, 2015 HTC NFC phoneOn March 26th, 2015 Dusseldorf courts (Landgericht) held, after a trial on the merits, that certain HTC smartphone products infringe patents EP 1 855 229 and EP 1 163 718 exclusively licensed to France Brevets by Inside Secure. These patents relate to Near Field Communication (NFC) technology and protect inventions developed over ten years ago by Inside Secure engineers. “After giving further time ... Read more
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Mobile Banking

  • Barclaycard contactless mobile payments for Android phones September 15, 2015 BCM_Lifestyle_Image_1Barclaycard has become the first to launch ‘pay by mobile’ on Android by expanding the functionality of its mobile app to include contactless mobile payments and real-time replacement for lost or stolen cards. From November, the UK’s leading credit card provider will introduce a contactless mobile payments feature to its existing customer app that will transform NFC-enabled Android phones into a way of ... Read more
  • Monitise losses widen – CEO steps down September 9, 2015 An image of a phone as a mobile wallet with cards and coinsMonitise has announced that Elizabeth Buse, chief executive, is leaving the company after it reported a full year pre-tax losses of £227.4m in 2015, up from £63.4m a year earlier. Ms Buse had taken sole charge of the company in March, after Alastair Lukies, founder and then co-chief executive, left his position following a strategic review. The company said the decision her was ... Read more
  • Banks launch SEPA-based mobile P2P payments service September 4, 2015 P2P payments playersThe four leading Luxembourg retail banks and Digicash Payments have launched a P2P payments feature called Digicash TRANSFER. Users can send up to €10,000 to a recipient’s mobile phone number, using secure SEPA credit transfers as the underlying payment channel. For Luxembourg bank clients, transferring money is now as easy as sending a text message. The operator of Luxembourg’s mobile payment scheme, Digicash Payments, ... Read more
  • 2 in 5 Americans use mobile banking monthly September 4, 2015 A laptop, mobile phone and tablet with mobile banking appsTwo in five Americans (39%) use a mobile banking to manage their bank account at least once per month and nearly half of mobile device owners (45%) do so, according to a recent survey by the American Bankers Association. “It’s no surprise that mobile banking has become more popular given banks’ increased investment in this technology,” says Nessa Feddis, ABA’s senior vice president ... Read more
  • First Internet Bank uses Eyeprint ID biometrics for app September 3, 2015 An eye with biometricsUsers of the First Internet Bank (FIB) mobile banking app can now login using Eyeprint ID verification technology, allowing customers to access their bank account with a smartphone camera and an ‘‘eyeprint’’ instead of a username and password. FIB joins a select number of banks that have integrated biometric technology within its payment applications. Available for iOS and Android smartphones, customers can now ... Read more
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Mobile Remittance

  • Kenya issues government bond via mobile money solution September 30, 2015 M-Pesa logoIn a nod to how developed the Kenyan mobile infrastructure, including mobile payments are, the Government plans to float its first-ever Bond, to be offered exclusively via mobile phone – pointing to the growing relevance of mobile money solutions in the payments space. The solution, known as M-Akiba, will be delivered in partnership with Safaricom’s M-PESA to continue a push that seeks to deepen ... Read more
  • Equity continues fight with M-Pesa September 7, 2015 M-Pesa logo As the gloves come off in the battle between Equity and Safaricom, Equity Bank has written to the financial sector regulator protesting Safaricom’s increase of M-Pesa tariffs on transfers made from bank accounts to the money transfer platform. In a letter dated August 28 and addressed to Central Bank Governor Patrick Njoroge, the lender asked for intervention on the tariff changes that ... Read more
  • Cardless cash money transfer at ATM now available September 7, 2015 An ATM phoneMoldindconbank, one of Moldova’s largest and most innovative banks, has launched a cardless, cash money transfer service. The service, developed by OpenWay, makes it possible to receive a cash money transfer at ATMs without the need for a plastic card. Moldinconbank is Moldova’s best bank according to the American magazine Global Finance in 2015. Moldindconbank and OpenWay have completed implementation of WAY4 ... Read more
  • Dwolla starts white-label service September 3, 2015 Dwolla starts white-label serviceDwolla has launched a “white-label” payments processing service, meaning other businesses and banks can sign on to use Dwolla’s money-transfer system, but won’t have to put Dwolla’s label on it. Dwolla CEO Ben Milne said the white-label service is intended for companies that want to use the money-transfer system Dwolla has built without having to ask others to sign up for a Dwolla account. “This really falls ... Read more
  • Safaricom closes loophole in M-Pesa September 1, 2015 M-Pesa logoSafaricom has introduced new charges for the transfer of funds from customers’ bank accounts to third-party M-Pesa wallets – sealing a loophole that lenders have been using to by-pass Safaricom when sending money. The telco said the Central Bank of Kenya (CBK) had approved the charges, effective on December 1. The announcement comes against the backdrop of a social media war between Safaricom and Equity Bank over fees charged ... Read more
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  • Square plans IPO in Q4 September 11, 2015 Is Square for sale?Square is reported to have plans to hold its initial public offering in Q4 2015, according to sources. Square is continuing with plans for its IPO even as Twitter’s board is considering whether Jack Dorsey, its founder, will remain CEO of the social media company. Dorsey is the top internal candidate for the role, but has also been reassuring investors and key employees ... Read more
  • Global mPOS installed base to quadruple to 54 million units July 30, 2015 Global mPoS installed base to quadruple to 54 million unitsMobile point of sale (mPOS) growth continues as the technology deepens its reach across vertical industries, merchant tiers and geographies. 451 Research projects the global mPOS installed base will grow from 13.3 million units today to 54.03 million units in 2019. Diverse factors including enterprise deployments, expansion into new vertical industries and financial inclusion in developing economies will serve to increase ... Read more
  • Square files “confidential” IPO July 27, 2015 The Square EMV chip card readerSquare is rumoured to have filed an IPO, a person familiar with the matter said. Square filed its prospectus under the Jumpstart Our Business Startups Act, which permits companies with under $1 billion in annual revenue to file their IPO paperwork confidentially, the person said. Square’s IPO could test the market for tech offerings, which has been quiet as more companies raise large ... Read more
  • How to ace mPOS functional and security testing July 20, 2015 A phone with a Verifone Chip and PIN reader attachedThe explosion of mobile point-of-sale (mPOS) technology has seen a host of new players enter the market, each seeking to carve out a place in a global market predicted to grow by 40% every year until 2018 (Smart Insights). Before an mPOS terminal product can be launched, however, manufacturers must first prove that it is fit-for-purpose, or risk the long delays and ... Read more
  • Verifone signs major Payment as a Service deal June 23, 2015 Verifone vx 690Verifone says that Westpac Banking Corporation will be the first bank in Asia Pacific to deploy its new handheld EMV and NFC-enabled terminal solution that is fully supported with payment as a services from Verifone. With more than 13 million customers, Westpac is one of the largest financial services institutions in Australia and New Zealand. The Group will provide the VX 690 payment terminal ... Read more
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  • Asia Pacific study of digital payment adoption September 28, 2015 The future of paymentsNew findings released from an Asia Pacific study shows the current state of digital payment adoption and how new Internet-based services affect payment trends across Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore and Thailand. Principle findings of this study by ACI Worldwide include: Nearly 40% of respondents used a smartphone wallet in India, second only after China (70%), as a result of ... Read more
  • Cybersecurity experts say mobile payments data breaches to grow September 25, 2015 Cybersecurity in mobile paymentsA survey of more than 900 cybersecurity experts shows that an overwhelming majority (87%) expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015. The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that people who use mobile payments are unlikely ... Read more
  • Contactless mobile transactions to hit 5% of retail payments September 23, 2015 Card-Transaction-Growth-in-Leading-EconomiesAite Group research indicates that from 2015 to 2018, contactless mobile transactions have the potential to reach 4% to 5% of retail payments with growth in transaction volume accelerating after 2020. It also predicts that cards will account for 273 billion transactions at a combined value of some $30 trillion by 2018. However, as mPOS grows, new forms of payment will flourish, ... Read more
  • The next decade of payment innovation September 21, 2015 Paying by mobile technologyVocaLink has spearheaded a collaborative whitepaper – titled Moving Money 2025 – bringing together the leading voices in the payments industry to predict how payment innovation could change by 2025 and the impact this will have on consumers, businesses, charities and even our interaction with the state. To accompany the report, 2000 consumers were also polled on their attitudes to current payment ... Read more
  • Banks hold key to mobile payment adoption September 9, 2015 Mobile payments 2015VocaLink has unveiled the Next Generation of Payments Report, an independent study conducted by Illuminas, into the mobile payment habits of more than 5,000 UK consumers. This is VocaLink’s second analysis of transaction trends since 2013, revealing that whilst mobile banking has officially ‘arrived,’ adoption of mobile payment technology is still lagging behind. Overall, consumers valued the convenience of mobile banking and security ... Read more
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  • Are fingerprints the new passwords? August 18, 2015 A fingerprint payment systemEver since Apple introduced TouchID for iPhones, more and more smartphones feature fingerprint scanners. And that has some security researchers worried. “If you leak a password, you can just change it; if you leak a fingerprint, it’s lost for your whole life,” FireEye researcher Yulong Zhang said at a presentation at the Black Hat USA conference in Las Vegas last week. Zhang was part ... Read more
  • Bitcoin: The stats so far July 9, 2015 BitcoinHas Bitcoin, the universal crypto currency, finally gone mainstream? Read more
  • Remote Deposit Capture – Mobile the new scanner May 27, 2015 A graph showing Remote Deposit Capture 2015As check usage declines, mobile Remote Deposit Capture is becoming the preferred deposit method for a growing number of bank customers, according to a new report titled State of Remote Deposit Capture 2015: Mobile Is the New Scanner. Mobile Remote Deposit Capture is where the action is according to the report. As Remote Deposit Capture becomes a mature market in the US, most ... Read more
  • The fall and rise of Tokenization May 13, 2015 A padlock over a visa payment card depicting tokenisationApple Pay has breathed new life into tokenization and the use of tokenization has seen a revival due to new technology approaches that remove associated operational risks and complexities and enable increased scale and high performance transaction processing, especially in financial services and banking. PCM investigates how this technology made a comeback and is taking its place in the driving seat of ... Read more
  • Visa Europe Collab international innovation hub May 5, 2015 Visa Europe CollabVisa Europe has announces the launch of Visa Europe Collab, its new international innovation hub. Working with a network of partners from across the digital and fintech ecosystem, Visa Europe Collab offers start-ups and technology entrepreneurs the insight, tools and connections to forge the technologies and services that will transform citizens’ interactions with payments. “Visa is in a unique position to help ... Read more
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Vendor Zone

  • Bell ID certified for HCE by payment schemes September 30, 2015 A mobile phone with HCE applications coming out of itMobile payments specialist, Bell ID, says that its host card emulation (HCE) mobile solution has been certified by three of the largest global payments schemes. Bell ID is the first vendor to receive approval from three schemes for its HCE platform, offering its customers the broadest range of options available on the market today. The HCE specialist’s software manages the lifecycle of virtual cards, ... Read more
  • Global smartphone shipments increase 11.6% July 24, 2015 Global smartphone shipments increase 11.6%Global smartphone shipments rose 11.6% year-on-year in the second quarter to 337.2 million, according to market researcher IDC. This is the second highest quarterly total on record, with growth sustained after a strong Q1 by robust demand in many emerging markets. IDC said more affordable smartphones, often from local vendors, were driving the growth in the market, rather than the premium ... Read more
  • MyCheck partners with Apple Pay July 14, 2015 Apple Pay Logo against a contactless acceptance markMyCheck is to support Apple Pay in the UK. MyCheck’s restaurant clients can now take advantage of this breakthrough technology and allow their customers to settle the bill using Apple Pay, the easy, secure and private way to pay. When using Apple Pay with MyCheck, a customer can authorise a transaction through a restaurant’s native iOS app or via one of MyCheck’s partner apps ... Read more
  • Microsoft forced into uncomfortable u-turn on Nokia July 9, 2015 Nokia GunThe acquisition of Nokia by Microsoft was supposed to unleash a new powerhouse in mobile handsets. Unfortunately, as Tom O’Meara writes, The longer time goes on the more ludicrous Microsoft’s decision to buy Nokia looks. Far from creating the mobile phone powerhouse the two envisaged, the mobile unit is simply a mess. Microsoft is now writing down about $7.6bn on the Nokia division and ... Read more
  • G&D receives Visa certification for HCE July 9, 2015 A mobile phone with HCE applications coming out of itGiesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for HCE (Host Card Emulation) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based payment services.   “Meeting ... Read more
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