MPW ISSUE 147 May 28 2010
News
NFC shipments to reach 785 million
A new report published by IMS Research forecasts that the number of NFC IC shipments will reach 785 million in 2015.
Purchase Issue Apple Patents Reveal Mobile Payment Plans
Apple's plans for turning its iPhone into a mobile payments tool are indicated by several recently unveiled patent applications.
Purchase Issue M-Commerce Set for a Renaissance
Mobile commerce is a much more lucrative short-term market for banks than contactless payment technology, according to Ovum. The resurgence of m-commerce presents financial institutions with an opportunity ...
Purchase Issue Criminals Using Prepaid Cards for Illegal Activities
Criminals are increasingly exploiting alternative payment methods as part of an effort to avoid using cash, warned Justice Department senior trial attorney Susan Smith at the recent Electronic Transactions ...
Purchase Issue Philadelphia Piloting Xipwire Mobile Payment System
Consumers in Philadelphia have a new way of paying for purchases at a dozen merchants and restaurants in the city.
Purchase Issue Prepaid Card Payments Coming to Mobile Devices
Mobile payments will soon become a ubiquitous channel for the flow of commerce, said panelists at the recent Prepaid Expo USA 2010.
Purchase Issue Vendor Zone
Mi-Pay gains PCI DSS level 1 certification
Mi-Pay has achieved Payment Card Industry Data Security Standard v1.2 (PCI DSS) certification as a Level 1 Merchant and Service Provider under both MasterCard and Visa. It can now offer the same base ...
Purchase Issue Utiba signs Ecuador agreement with Globalcash
Utiba Americas has been engaged by Globalcash to deploy its mobile financial services platform in Ecuador. Utiba Americas is a joint venture between Alternet Systems and Utiba to deploy a Software as ...
Purchase Issue Utiba certified as WU mobile vendor
Singapore-based Utiba announced it has been certified to participate in Western Union’s Mobile Vendor Program (formerly known as the Digital Vendor Program).
Purchase Issue Collis releases latest version payWave Test Tool
Prior to being released into the market, contactless terminals that bear the Visa payWave indicator must undergo sufficient testing to prove that they adhere to the latest Visa (Europe) specifications. ...
Purchase Issue Opinions
Get ready for m-commerce 2.0
It’s on its way, offering an irresistible blend of interoperable banking services and micro finance institutions for people in developed and developing markets.
Purchase Issue Contactless NFC
Apple's proprietary m-payments initiative
Apple has the power to make mobile payments huge, but not quite in the way bankers hope.
Purchase Issue Large scale mobile contactless commercial roll out
The pre-commercial mobile contactless roll out will take place in Nice before the summer 2010. For the first time, French mobile operators will market mobile contactless offers (including NFC-enabled ...
Purchase Issue Garanti and network op Avea launch NFC first
Turkey’s biggest bank, Garanti Bank, and GSM operator Avea have teamed up to provide Turkish mobile users with NFC-enabled SIM cards that can be used in ordinary handsets. The two claim this is a world ...
Purchase Issue Gemalto and Orange to deploy Trusted Services
Orange has chosen Gemalto to help it deploy Trusted Services as part of its Nice, mobile contactless city solution.
Purchase Issue MasterCard and Gemalto in Singaporean SIM trial
MasterCard to pilot a miniature card from Gemalto that can be attached to SIM cards and turn handsets into contactless devices.
Purchase Issue DeviceFidelity turns iPhone contactless with microSD
DeviceFidelity has launched In2Pay, based on microSD technology, to enable iPhone users to make contactless transactions using Visa payWave. The firm says the patent is pending and that its add-on works ...
Purchase Issue Mobile Payments
Legislation allows Egyptian m-payments to roll-out
After much delay 2010 Egypt will finally see the introduction of mobile banking to the general public through existing telecoms operators after the regulatory framework was ironed out at the end of 2009. ...
Purchase Issue Payments firms speed P2P transfers
Payments companies are keen to develop ways of speeding the settlement of P2P transactions to increase their appeal to mobile users. Several operators of P2P systems intend to increase the speed of transfers ...
Purchase Issue US faces long wait for m-payments at POS
According to analysis by the Federal Reserve Bank of Boston,
Purchase Issue TIO to offer mobile bill payments in California
TIO Networks is launching a mobile bill payment platform that will allow nearly six million energy customers in Northern and Central California to pay energy bills after a deal with Pacific Gas and Electric ...
Purchase Issue China Unionpay forms m-payments alliance
Card network operator China Unionpay has signed up a group of the country's banks, wireless operators and handset manufacturers to a mobile payments industry alliance that will establish standards and ...
Purchase Issue Google Ventures invests in Corduro
Google has invested an unspecified amount in mobile payments technology start-up Corduro through its in-house venture arm.
Purchase Issue Fiserv launches bank account funded P2P
Fiserv has launched “ZashPay”, a person-to-person (P2P) payments service that will allow consumers to tap into a community where they can quickly send or receive money using their existing online banking ...
Purchase Issue Kenyan bookie introduces M-Pesa-based mobile betting
Bookmaker John Power has launched a service that taps M-Pesa to enable Kenyans to place bets on football matches using their mobile phone.
Purchase Issue M-PESA in Kenyan microsavings deal
CGAP reports that on 18th May Safaricom and Equity Bank were joined at a meeting in Nairobi by Kenyan President Mwai Kibaki as they announced a new product called M-Kesho, an interest-bearing savings ...
Purchase Issue Quadruple volume by 2014, still only 5% retail e-commerce
A study from Juniper Research found that the value of m-payments for digital and physical goods, money transfers and NFC transactions will reach almost $630bn by 2014, up from $170bn this year. This represents ...
Purchase Issue Masabi signs up UK’s thetrainline.com
Masabi has signed a deal with the UK’s online train ticket shop, thetrainline.com, for a mass-market m-ticketing purchase and delivery system. The system will allow users to buy and display UK rail tickets ...
Purchase Issue Where we are with Mobile Money?
Ralph Waldo Emerson once said “Money often costs too much.” Certainly banking and money transfer services often seem inveterately overpriced and are completely inaccessible to huge numbers of people in ...
Purchase Issue Mobile Banking
South Africa's m-banking market booms
South Africa's largest banks are racing to gain market share in the m-banking market, according to IT Web Business. It reported that First National Bank's (FNB) eWallet has seen 239% growth in its subscriber ...
Purchase Issue India agrees to m-banking services from Nokia
Reserve Bank of India (RBI) has allowed Nokia to provide Nokia Money m-banking services to Yes Bank after a pilot it began in Pune in February, according to Rupee Times. Apparently RBI will use the results ...
Purchase Issue Obopay offers Mobile Money for Banks
Obopay has announced Mobile Money for Banks, which will allow banks to deploy their own branded mobile money service. It is designed to make a bank’s accounts the anchor for current and future mobile ...
Purchase Issue Luup teams up with TEMENOS T24
Banking software supplier Temenos says Luup will be integrating TEMENOS T24 components as part of its growth strategy. Luup’s m-payments offering is aimed at financial institutions and their customers, ...
Purchase Issue Mobile Remittance
Police probe MMT fraud
Kenya's The Nation newspaper reported that police are investigating incidents in which people have lost money to a cartel claiming to be employees of a mobile phone service provider.
Purchase Issue RegaloCard rolls out immigrant worker prepaid service in US
RegaloCard has entered into partnerships with prepaid distribution companies in the US to bring RegaloCard’s products to over 100,000 retail POS nationwide primarily for immigrant workers.
Purchase Issue Rwandans embrace MMT
Some three months after MTN Rwanda introduced its Mobile Money transfer service, the service has registered about 72,000 users transacting close to Rwf500 million($876,885).
Purchase Issue