MPW ISSUE 146 April 30 2010
News
Get Cash for Not Using Cash
Debit card programs will become less profitable for banks when new regulations that bar banks from providing overdraft protection and charging overdraft fees on ATM withdrawals and debit card purchases ...
Purchase Issue 1M PayPal iPhone App Downloads in 3 Weeks
PayPal announced that its new PayPal Mobile iPhone application (MPW 145) has been downloaded 1 million times since it was launched less than three weeks ago.
Purchase Issue Starbucks, Target Extend Barcode Mobile Payment System
Starbucks and Target are testing a two-dimensional, smartphone-based barcode system for making payments. Starbucks' system produces a barcode-like image displayed on phone screens that users can wave ...
Purchase Issue Mobile Phones to Process ACH Payments
Mobile phones likely will soon be capable of initiating automated clearing house (ACH) transactions from checks, which could expedite the adoption of wireless devices for business-to-business payments. ...
Purchase Issue Zong raises $15 million
Zong a mobile payment service used by online gaming and social networking websites, has completed a $15 million round of funding led by Matrix Partners.
Purchase Issue MTN, Standard Bank face $136 million patent claim
South Africa's telecom company MTN and Standard Bank face a claim of up to 1 billion rand ($136 million) for infringement of technology patents in their joint venture MTN Banking.
Purchase Issue Analysis
M-banking in India: dual Strategy for rural and urban segments
Indian m-banking has two major segments: urban and rural segments. Celent estimates that urban m-banking subscribers will reach 65 million by 2012. The rural mobile segment represents a huge opportunity ...
Purchase Issue Vendor Zone
M-Com launches m-banking for emerging markets
M-Com has launched an Emerging Markets edition of its flagship product, BankAnywhere. New features include universal support across SMS, mobile browsers and downloaded applications. Support for Unstructured ...
Purchase Issue Opinions
Banks should put m-commerce before contactless
New research from Ovum says banks that are promoting contactless technology are focusing on the wrong target and should switch their short-term focus to m-commerce. M-Commerce: Seizing the Immediate Opportunity ...
Purchase Issue Contactless NFC
MasterCard and PayPal clash over financial services
A panel discussion at CTIA in April revealed some sharply differing views on the emerging mobile financial services ecosystem and the role of different players within it.
Purchase Issue Managing multiple secure elements in one handset
GlobalPlatform has released a technical paper that analyses the implications of managing multiple secure chips in a single mobile handset to deliver NFC services. The document, GlobalPlatform’s Requirements ...
Purchase Issue European launch for NFC microSD cards report
A new report examining how NFC microSD cards could be the key to making NFC a reality was launched at the WIMA event on 20 April.
Purchase Issue Joint development of NFC payments
INSIDE Contactless, Sagem Orga and TazTag are jointly developing a new method of delivering NFC payments. Based on TazTag’s TazCard, the new device is in the very early stages of testing, but is said ...
Purchase Issue INSIDE powers first LatAm public transit payments
INSIDE Contactless’ MicroPass 4003 contactless payment processor is powering the MasterCard PayPass technology recently launched in Rio de Janeiro. Housed in a key fob, the MicroPass 4003 is the first ...
Purchase Issue TfL pays £1m for Oyster brand
Transport for London (TfL) has paid £1 million to buy the Oyster brand from the Transys consortium ahead of a renewed push to incorporate the contactless e-ticketing technology in mobile phones and bank ...
Purchase Issue Mobile Payments
Standard Bank introduce P2P system
Standard Bank’ new service, Instant Money, will use Spar's 850 stores throughout South Africa to reach communities in some of the most remote parts of the country. The money is sent and received at Spar ...
Purchase Issue Mobile signature interoperability
SmartTrust and Methics have announced the successful completion of interoperability tests between their mobile signature service products.
Purchase Issue Survey finds growing demand for P2P payments
FIS has announced results of research by eCom Advisors that it commissioned along with NACHA and PayPal. It found that "demand for electronic P2P payments and transfers is growing rapidly and the interest ...
Purchase Issue More Canadians use smartphones for m-commerce
Canadian consumers are increasingly using smartphones for m-commerce, which ABI Research says reflects a worldwide trend. ABI predicts that consumers worldwide will spend $119 billion via mobile transactions ...
Purchase Issue Verizon launch online mobile payment service
eCommerce mobile billing solutions are coming on strong, sparked indirectly by the vital role SMS donations have played in recent disasters such as the Haiti earthquake.
Purchase Issue ClairMail unveils m-payments strategy, signs up CashEdge
ClairMail has introduced its Intelligent Payments Solution as part of an m-payments strategy designed to use run on financial institutions’ payment infrastructure and capabilities. It uses a platform-based ...
Purchase Issue Mobile Wallet Service places operators centre stage
Alcatel-Lucent has announced a Mobile Wallet Service (MWS) that it says places mobile operators in the centre of the emerging m-payment ecosystem.
Purchase Issue BECU launches CashEdge's P2P payments
Boeing Employees' Credit Union (BECU), the largest credit union in Washington and one of the top five financial cooperatives in the US, is offering its members CashEdge's P2P payments service, Popmoney. ...
Purchase Issue Maroc Telecom launch Mobi Cash
Maroc Telecom has launched ‘Mobi Cash’ powered by Comviva.
Purchase Issue Mobile Banking
Indian government to permit rural m-banking from July
People will be able to withdraw cash and transfer funds using their mobile phones in rural areas after the government approved the framework for introduction of such facilities by the banks.
Purchase Issue US and UK consumers prefer mobile to branch banking
According to a survey by mBlox, m-banking is gaining ground in the US and UK markets, surpassing both branch and phone banking in terms of popularity. The US/UK research was carried out by global research ...
Purchase Issue FirstCaribbean International Bank roll-out m-banking
Sybase 365 has announced a partnership with FirstCaribbean International Bank to provide customers with mobile banking services.
Purchase Issue China Mobile buys bank share
China Mobile has bought a 20% stake in Shanghai Pudong Development (SPD) Bank, for 39.8 billion yuan (€4.4 billion). Now the world’s biggest mobile operator in terms of number of subscribers (500 million), ...
Purchase Issue ANZ to kill non-iPhone m-banking
Australia and New Zealand Banking Group (ANZ) will shut down its m-banking service, M-Banking, from 14 May due to "very low use", according to an article in ZDNet Australia.
Purchase Issue Berg predicts 894 million m-banking users by 2015
New research by Berg Insight predicts users of m-banking and related services will grow from 55 million in 2009 at a compound annual growth rate of 59.2% to reach 894 million users in 2015.
Purchase Issue US hovers on edge of big m-banking push
A quarter of US community banks offer mobile services but this is set to increase sharply over the next 18 months, according to a survey from Banc Investment Group.
Purchase Issue MPOS
Gemalto expands Linux terminal range
Gemalto is expanding its MagIC3 range of POS terminals with a new model, MagIC3 W-1, for wireless payments that doesn’t need an extra subscription or additional communication fees. It is designed for ...
Purchase Issue Hypercom introduces iPhone payment solutions
Hypercom has unveiled the first two members of a product family that enables smartphones to accept mag stripe card payments for merchants with iPhones.
Purchase Issue NCP replaces FastPark with RingGo
NCP, the UK’s largest car park provider, has replaced its own pay by phone service, Fastpark, with RingGo in car parks across the country.
Purchase Issue Blue Bamboo offers paper receipts via the iPhone printing
Blue Bamboo is to participate in the Made for iPod (Mfi) programme and plans to deliver its Mobile Bluetooth P25-M Printer to Works for iPhone Payment Application to Providers that are PA-DSS certified ...
Purchase Issue Blue Bamboo offers smartphone debit transactions
Blue Bamboo has added debit transactions to the suite of services it provides to merchants through smartphones in the US, starting with the Redfin Network at the end of April.
Purchase Issue CHARGE Anywhere enables m-payments in Canada and US
CHARGE Anywhere’s suite of ten PCI PA DSS-validated m-payment software has been certified for use on the Moneris Solutions platform for payment processing in the US and Canada, which is PCI DSS Level ...
Purchase Issue NPC markets Hypercom’s m-payment terminal
Hypercom says that National Processing Company (NPC), one of the US’s largest acquirers exclusively focused on the merchant processing market, has Class A certified Hypercom’s Optimum M4230 mobile payment ...
Purchase Issue PaySaber
PaySaber is a lightweight, portable credit card machine that connects with the iPhone or iPod touch, allowing businesses to process financial transactions on the go.
Purchase Issue VeriFone selects Chase Paymentech for iPhone payments
VeriFone has announced that Chase Paymentech has been selected as the preferred provider of new merchant accounts for buyers of VeriFone’s PAYware Mobile iPhone card payment solution sold through Apple ...
Purchase Issue ViVOtech Launch ViVOpay
ViVOtech has announced the launch of its new PCI 2.1-certified, ViVOpay 8100 next-generation customer-facing device enabled with contactless NFC payment and promotion technology for small and medium size ...
Purchase Issue Mobile Remittance
Vodafone brings MMT to Fiji
Following the huge success of M-Pesa in Kenya (MPW 142, 143), Vodafone has begun piloting its mobile money transfer service in the Pacific nation of Fiji.
Purchase Issue