Category Archives: Mobile Payments

Samsung Galaxy S5 fingerprint sensor and PayPal app hacked

Researcher from Security Research Labs have managed to bypass Samsung Galaxy S5 fingerprint authentication, less than a week after the device’s official release, the ethical hackers also hacked the PayPal app. The researchers from Security Research Labs (SRLabs) re-used a fingerprint mould from their exploitation of the Apple iPhone 5S from last year, requiring “no additional effort whatsoever”. The fake print was based on ...
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CaixaBank, Santander and Telefónica launch Yaap

CaixaBank, Banco Santander and Telefónica have announced Yaap – the brand for their digital services joint-venture initially announced last year. Yaap is the chosen name for the Spanish firm whose mission is to create new global and open digital services that improve people’s everyday lives. In the upcoming months, Yaap plans to launch two new services – Yaap Shopping and Yaap ...
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WorldPay and ZNAP agree global partnership for global mobile payments

WorldPay and ZNAP, the mobile business platform, have agreed a global partnership which will enable multi-channel commerce for new and existing businesses. The joint offering has already been deployed by the Rugby Football Union (RFU) at Twickenham Stadium. “By partnering with ZNAP we can offer businesses a highly competitive multi-channel service. Our unrivalled alternative payment portfolio means that businesses using ZNAP can ...
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Vodafone launch M-pesa in Europe

M-pesa has arrived in Europe as Vodafone seeks to spread the popular digital currency outside emerging markets. Vodafone has acquired an e-money licence to operate financial services in Europe, with plans to launch M-Pesa in Romania as a first step to potential expansion in the region. M-Pesa has become so popular in parts of Africa that it is now a ...
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Mobile is key driver for changes in payments technology

According to the recent IMRG Capgemini Quarterly Benchmarking Study, a third (32%) of all online sales were made over mobile devices between November 2013 and January 2014 – and this figure is only set to grow. Connectivity has changed the way consumers shop and interact with retailers and banks, with mobile we’re now browsing and buying more on the move ...
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BlackBerry strengthens mobile money plans for BBM

BlackBerry expects to use BBM as the vehicle for offering more mobile money services across a greater number of countries this year, according to Re/code. David Proulx, senior director of BBM business development, said that BlackBerry expects to deploy the messaging service more widely for mobile money during 2014. BlackBerry launched a service called BBM Money in Indonesia with local partners a year ago ...
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New Zealand launches new standards for mobile payments

New options for making payments by mobile phone are expected to appear later this year in New Zealand. Payments NZ has launched new Mobile Device Rules and Standards that will govern the mobile payments system and protect businesses and consumers. The new standards will ensure the integrity, efficiency and security of mobile payments. That means when telecommunications companies and banks ...
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Zero commission online payment service SPIKE

Metaps has released the closed beta version of SPIKE, a no commission online payment service that does not require any installation and can be set up in under a minute (the company says). When companies use an online payment service, they usually incur on average a 3% commission and an additional transaction fee. These added costs are a problem for small ...
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MasterCard prepares for exponential African growth

MasterCard is eyeing a slice of the expected exponential growth from the emerging African market in coming years, particularly as mobile payments surge, Aaron Oliver, the head of emerging payments in the Middle East and Africa, said yesterday. Speaking at Cards and Payments World Africa 2014 in Johannesburg yesterday, Oliver said the continent had become almost unrecognisable from what it was ...
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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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