MPW ISSUE 141 January 15 2010
News
Groups Unite to Develop Certified NFC Payments
EMVCo, the GSM Association, and GlobalPlatform are engaged in a joint venture to define a common NFC certification process to ensure that any NFC payments application will run on any industry platform. ...
Purchase Issue 2 Factor Authentication Falling Short for Security
Trojan-based, man-in-the-browser attacks are defeating strong two-factor authentication technology, according to a new Gartner report.
Purchase Issue Restaurants Sue POS Companies for PCI Hacks
A group of 17 restaurants have filed two lawsuits against the maker and installer of a POS system that was allegedly hacked with a keylogger—a hack that exposed about 100,000 credit cards and cost local ...
Purchase Issue Mobile Payments Systems on the Way in Asia
It will be at least two years before users in the Asia-Pacific region will be able to send gifts of money or pay for gifts using their mobile phones, says analyst Daryl Chiam. He says the biggest obstacle ...
Purchase Issue UK banks vote to bounce cheques by 2018
The UK's major banks have voted to stop clearing cheques by 31 October 2018, bringing to an end the 350 year old payment method. Last May the Payments Council delivered its first national payments plan ...
Purchase Issue Contactless NFC
Orange and Barclaycard launch contactless credit card
Wireless operator Orange and Barclaycard have launched a co-branded contactless credit card that will let customers manage their budgets and keep tabs on spending via SMS notifications.
Purchase Issue SK Telecom acquires stake in Hana Card
SK Telecom says that its board decided to take over a 49% stake (or 57,647,058 shares) in Hana Card Co. for some KRW 400 billion ($355 million). The deal will make SK Telecom the second largest shareholder ...
Purchase Issue Giant US retailer Best Buy drops Visa contactless
Best Buy has stopped accepting Visa payWave contactless payments at its 1000 stores in protest at the card giant's fee structure, according to retail technology blog.
Purchase Issue Bangalore pilot shows strong usage
Citibank's near field communication (NFC) pilot in Bangalore, India (MPW 137), demonstrates that more participating consumers are using their phones to pay for purchases than consumers paying with traditional ...
Purchase Issue UK earmarks £20 million for e-transport ticketing
The UK government has committed £20 million to a transport e-ticketing programme that will see England's nine major urban areas go paperless within five years.
Purchase Issue Groups unite to develop certified NFC payments
EMVCo, GlobalPlatform and the GSM Association (GSMA) have announced plans to develop a common, cross-industry certification model for secure elements with post-issuance capabilities. The aim is to simplify ...
Purchase Issue Contactless smart card shipments to break 1 billion barrier
Whilst often talked about as a future technology, contactless smart cards are being used in a growing number of applications, from fast and efficient metro systems, to contactless debit cards, to quicker ...
Purchase Issue Contactless card with animated OLED display
Samsung has unveiled a contactless ID card with an OLED display that shows a rotating digital image of the owner's face when placed by a RFID reader.
Purchase Issue Mobile Payments
Visa Europe calls for payments infrastructure to meet the digital age
The UK is on the verge of a revolution in the way people pay for goods and services says Visa Europe. But retailers, banks, the Government and payments systems need to do more to make sure the UK isn’t ...
Purchase Issue Mobile Money in 2010 - Bill Barhydt - CEO, m-Via
Like George Carlin used to say, opinions are like asses, everybody has one and some of them really stink. Well, here is my opinion on what is going to happen in mobile money in 2010.
Purchase Issue First two banks go live with POPmoney P2P service
CashEdge has announced that two US banks are the first in the nation to launch POPmoney (MPW 133, 138), its new email and mobile person-to-person (P2P) payments service that is offered through banks. ...
Purchase Issue CPNI partner for mobile prepaid debit
CPNI and eCommLink have announced they will be partnering to offer CPNI’s mobile solutions to the prepaid debit card industry. The companies say they will jointly market to eCommLink’s existing program ...
Purchase Issue mPayy launches mobile payment Apps
mPayy has announced the availability of its “mPayy Mobile Payments” application from the iTunes store for free download to all iPhones and iPod Touches. The application extends functionality mPayy recently ...
Purchase Issue Mobile Banking
MMV and Citibank launch m-banking in Thailand
Mobile Money Ventures (MMV), has announced the continued global adoption of its mobile financial services platform with the release of Citi Mobile in Thailand. The solution – now available in six countries ...
Purchase Issue Can India hit mobile banking targets in 2010?
India’s mobile phones will reach more than the targeted half billion people by the end of 2010 or 60% of the tele-density, going by the country’s telecom ministry estimates. On the contrary, despite six ...
Purchase Issue Mobile Remittance
Zain expands ‘Zap’ to Malawi, Niger and Sierra Leone
Zain has expanded ‘Zap’ (MPW 127, 133, 137), its award-winning mobile commerce service to the African nations of Niger, Sierra Leone and in the boundaries of a full commercial pilot in Malawi.
Purchase Issue Essar Telecom Kenya launch MMT service
Essar Telecom Kenya which operates under the brand ‘yu’, has tied up with Obopay for a mobile money transfer service. Called ‘yuCash by Obopay’, the service has Equity Bank as its banking partner.
Purchase Issue Etisalat launch remittance services to India
Etisalat has announced a partnership with Citibank allowing Indian expatriates living in the UAE to send money home using their mobile phone - The National reports.
Purchase Issue Maroc Telecom launches MMT service
Maroc telecom has launched Mobicash, Morocco’s first trials of mobile debit payment service.
Purchase Issue Mobile money to reach $202 billion in 2012
The magnitude of global mobile banking is forecast to hit $202 billion by 2012, and 60% of that will emanate from the Asia Pacific region.
Purchase Issue