Category Archives: Analysis

40% of US consumers have made a merchant mobile payment

40% of North American consumers have used their smartphones to make a mobile payment at a merchant location, according to an Accenture survey of 4,000 consumers in the US and Canada, up from 16% reported in a similar survey two years ago. Millennials and high-income consumers – household income of at least $150,000 – are the most avid adopters, with 52% ...
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Global Payments 2014 – revenues show upward trend

The global payments and transaction-banking businesses continue to represent vital elements of the banking industry and the global financial-services landscape. The importance of these businesses both as critical sources of stable revenues and as the foundation of customer relationships and loyalty has grown steadily in recent years and shows no signs of slowing down. The growth in payments and transaction ...
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Apple Pay explained

A nice, neat explanation of the salient points of Apple Pay: User: iTunes account with Visa or MasterCard or Amex card on file and issued by the most popular banks, American Express, Bank of America, Capital One Bank, Chase, Citi and Wells Fargo at availability with additional banks coming quickly thereafter including Barclaycard, Navy Federal Credit Union, PNC Bank, USAA ...
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Mobile malware report reveals that more apps are spying on us

Alcatel-Lucent has released new report on malware and mobile malware showing that security threats to mobile and residential devices jumped sharply during the first half of 2014, putting device owners at increased risk of being spied on, having personal information stolen, or experiencing ‘bill shock’ as result of pirated data usage. Figures for the first half of 2014 from Alcatel-Lucent’s Kindsight ...
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Global Mobile Payments Index Q2 2014: UK Ahead of Rest of World

Adyen announced findings from its latest global Mobile Payments Index covering the period of April through June 2014.  During this period, on average mobile web payments accounted for almost 22% of all transactions on Adyen’s network worldwide. This represents a 9% increase over Q1 and a 33% increase over June 2013.  Looking specifically at the UK, mobile payments stand at ...
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Contrasting HCE and SIM secure element approaches to NFC payments

Digital payments experts Consult Hyperion, in conjunction with the GSMA, have published a guide to help banks and mobile operators understand the Host Card Emulation (HCE) and SIM Secure Element approaches for NFC payments. The guide, “HCE and SIM Secure Element: It’s not Black and White”, follows the recent introduction of HCE into Android 4.4 (KitKat) and concludes that the ...
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EcoCash mobile money transfer exceeds $4 billion

Econet Wireless’ mobile money transfer service EcoCash has handled over $4 billion since inception in 2011. Group chief executive Douglas Mboweni told Parliament during a familiarisation tour of the mobile phone company’s operations yesterday that EcoCash service now boasts 3.5 million mobile money transfer accounts. The number of people impacted by the EcoCash service represents roughly 53% of the adult ...
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Royal Canadian Mint axes digital currency MintChip

Just three months after announcing its Bitcoin rival MintChip, The Royal Canadian Mint has shut its cloud-based digital currency and is looking to offload the business. The Mint unveiled plans for MintChip in 2012, promising to bring the benefits of cash into the digital age, providing users with instant, private, secure, and fee-free access to their money. The system would ...
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Mobile payments and fraud survey

While the mobile channel grows in importance and revenue for merchants, so does their fear of fraudulent attacks and the realization that combating that risk requires specialized tools. Those are some of the key findings from the 2nd Annual Mobile Payments and Fraud Survey. The 2014 Survey, conducted by Kount, The Fraud Practice and CardNotPresent.com, is the biggest survey ever undertaken focused ...
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50% of one-time passwords fail to arrive

New global research by the Ponemon Institute, sponsored by mobile interaction service provider tyntec, has revealed that on average almost 50% of one-time passwords (OTPs) fail to arrive due to invalid mobile numbers provided by end-users. For the report titled ‘Unlocking the Security Potential: The Key to Effective Two-Factor Authentication’ the Ponemon Institute surveyed more than 1,800 IT and IT ...
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