Category Archives: Mobile Payments

PayPal to list on Nasdaq

According to web rumours, EBay payments unit PayPal plans to trade on the Nasdaq Stock Market when the two companies split later this year. PayPal said it would use the ticket symbol “PYPL,” which is the same symbol that the company had before being acquired by eBay in 2002 for about $1.5 billion – according to the WSJ. EBay and PayPal plan ...
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Fujitsu iris-recognition technology

Iris-scanning technology promises to kill the password with the launch of a new smartphone that looks into users’ eyes to unlock it. The new smartphone made by Fujitsu and sold by Japan’s largest mobile phone operator, NTT Docomo, uses an infrared LED and a special camera to snap a picture of the iris of a person’s eye. The phone recognises ...
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Powa Technologies to revolutionise advertising

Rai Advertising, the exclusive advertising group for Rai, Italy’s largest broadcaster, has signed a strategic partnership with mobile technology leader Powa Technologies Limited to introduce its innovative PowaTag mobile commerce solution across all media channels. The PowaTag platform will be available to all Rai dealership trading partners. It will enable consumers to make instant transactions through any advertising medium with ...
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Starbucks mobile app hacked – a “Venti” problem

News has reached us that credit card hackers are targeting Starbucks gift card and mobile payment users and stealing from consumers’ credit cards. This new scam is so ingenious, the cyber criminals don’t even need to know the account number of the card they are hacking. By taking advantage of the Starbucks auto-reload feature, they can steal hundreds of dollars ...
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27% of global online transactions now on mobile devices – Mobile Payments Index

Online payments made using mobile devices continues to rise globally – according to the quarterly Mobile Payments Index (MPI), which tracks mobile payment data from web-based transactions – now accounting for 27.2% of the total online payments made in Q1 2015. This is up from 25.8% on the traditionally high online spending period of Q4 and up a massive 39% on the corresponding ...
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Visa announces widespread UK launch of V.me

Visa Europe has confirmed that it has secured commitment from 55% of the UK’s issuance base, which accounts for more than 60 million card holders, and thousands of the UK’s retailers, large and small, to commercially rollout V.me in the UK this year. The service was initially launched by Visa with Nationwide Building Society, and this announcement means that the service ...
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Mobile payments in the US 2015

Apple, Starbucks and Disney are all strong brands with loyal followings, but they also have something else in common: They’re early leaders in the ever-evolving mobile payments market. Some analysts predict 2015 will be the first year all the pieces — including a larger base of NFC-enabled devices and terminals, and growing consumer acceptance — come together to take mobile ...
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PayPal launches One Touch payments

PayPal says it has launched one touch payments in a move to simplify and accelerate their payment service and deal with the large number of incomplete transactions. The payment service, called One Touch for Web, is an extension of PayPal’s mobile One Touch, which was created after eBay’s $800m acquisition of Braintree, a payment processing platform, in 2013. Using Braintree’s technology PayPal One ...
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Europeans rapidly adopting mobile payments

The number of Europeans who will use a mobile payment application in 2015 will rise 51% year over year for a total of about 185 million, according to an ING survey. 59% of 14,000 consumers said they are more likely to use bank-associated apps for mobile, compared to 39% of those who will use “named groups” such as Google or ...
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Mobile app use sees emergence of cashless society

Half of European adults with access to a mobile device such as a smart phone or tablet computer expect to use mobile payment apps over the next 12 months, according to an international study of more than 14,000 consumers. While one third (33%) of Europeans have already used a mobile payment app, which allows the user to make payments via ...
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