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Axis Bank, Bharti Airtel join hands for mobile banking services
May 16, 2012, 11:35 am
MUMBAI: Country's third largest private sector lenderAxis Bank today tied up with the country's largestmobile telephony company Bharti Airtel, with an eye on the domestic remittance market, which also helps the financial inclusion agenda.
Under the partnership, a no-frills savings bank account will be offered to a customer and the account holder can undertake many transactions like remit, deposit and accept credit using Airtel's mobile telephony infrastructure -- Airtel money.
The bank is targeting to take the
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Isis Secures Mobile-Payment Deals With Major Retailers for Summer Roll-out
May 16, 2012, 11:11 am
Isis — the mobile-payments venture founded by AT&T, T-Mobile and Verizon — announced on Tuesday that it has struck deals with Coca-Cola, Foot Locker, Macy’s and a number of other retailers to use its pay-by-smartphone system in stores nationwide later this year.
Isis also announced that hundreds of local retailers in Austin, Texas, and Salt Lake City, Utah, will accept payments using its Isis Mobile Wallet platform later this summer when the wave-and-pay effort officially launches.
As for which smartphones will actually work with Isis, the mobile payments consortium is keeping mum.
Isis, like its rival Google Wallet, uses the near field communication (NFC)
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iZettle mobile payment app and dongle comes to the UK
May 16, 2012, 11:07 am
The Square mobile payment company, from Twitter founder Jack Dorsey, has revolutionised the idea of mobile-based payments in the US by allowing businesses to accept card payments, quickly, easily and cheaply.
The little white dongle, which can be attached to iPhones and iPads where there's mobile data connectivity, allows the vendor to swipe the card, enter the amount and pass over to the user to authorise.
With Sqaure, or rival company PayPal Here, still to reveal when they might be crossing the Atlantic, a new European-based solution is coming to the UK.
The iZettle company, which has already earned some success in the
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CIBC and Rogers Unveil the Future of Mobile Payments in Canada
May 16, 2012, 10:54 am
TORONTO, May 15, 2012 /CNW/ - CIBC and Rogers Communications today announced an agreement to launch Canada's first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the checkout counter using their Rogers "Near Field Communications" (NFC) enabled smartphone. Beginning later this year, customers will be able to use this payment capability at merchants across Canada where contactless credit card payments are accepted.
This announcement represents the first time a bank and a wireless carrier have joined forces to offer a commercially available mobile payments solution to Canadians that leverages the secure SIM card inside an NFC-enabled Rogers smartphone.
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Starbucks Brews Loyalty With Mobile Payment
May 15, 2012, 11:10 am
Starbucks makes it easy for customers to buy coffee. So easy, in fact, that they don't even need cash or a credit card. A smartphone will work just fine. To capitalize on the growing popularity of these devices, Starbucks introduced mobile payment technology in January 2011 that enables purchases with the wave of an iPhone, Android, or Blackberry.
"A lot of our customers have their phone in their hand when they come into our store," says Adam Brotman, chief digital officer at Starbucks. "We knew that customers were increasingly more mobile—were increasingly using their phone as a primary computing device."
Recognized by U.S.
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Early Days For Mobile Payment: MasterCard
May 15, 2012, 11:05 am
New Delhi, India – May 15, 2012 – MasterCard Worldwide today unveiled the MasterCard Mobile Payments Readiness Index (MPRI), an analysis of 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale. The MPRI found that while no two markets are the same, consumer readiness is the critical success factor to drive mobile payments adoption around the globe.
On the MasterCard Mobile Payments Readiness Index, India achieved a score of 31.5, driven by high scores in the Infrastructure component, moderate scores in Financial Services
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Carrier mobile payments venture signs up 50 merchant partners
May 15, 2012, 11:00 am
The wireless carriers' mobile-payments joint venture, after a slow start, is picking up some steam.
Isis, a partnership between AT&T, Verizon Wireless, and T-Mobile, has lined up 50 merchant partners, including heavy hitters like Coca-Cola, Macy's, and Foot Locker, as it gets closer to rolling out its service in trials in Austin, Texas, and Salt Lake City, Utah.
The merchants indicate a level of confidence in the venture's ability to roll out a widespread mobile-payment system, which would allow consumers to use specific smartphones to tap and pay for their goods and services. Beyond the big chains will be
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Canadian banks introduce mobile payment guidelines
May 15, 2012, 10:57 am
Thousands of Canadian retailers already have the necessary equipment for mobile payments in place, and the Canadian Bankers Association (CBA), a trade body, introduced the voluntary guidelines as a way of setting open standards for secure transactions over smartphones, which will be used as "tap-and-go" credit or debit cards.
"The financial institutions have come together to create a reference model that lays out how mobile payments can be launched in Canada efficiently, with a high degree of security and a compelling customer experience," said Stephen Gardiner, managing director at consultancy Accen-ture PLC in Toronto. "These are all critical things to
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Mobile Money: All you need to know
May 15, 2012, 10:51 am
But the question arises as to how and what exactly is being going around with mobile money, how it works and more importantly how would it benefit users? Talking precisely about India, mobile wallets are at a nascent stage, but knowing for a fact that mobile phone owners could possibly exceed in number than banking customers (also including the non-banking sector, which could afford a mobile phone), the popularity and subsequent usage could shoot up in a few years, if we may say so. We spoke to a few companies who have been contributing towards the shaping up of the
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Kony Solutions Is Among the First Mobile Platform Vendors to Support MasterCard PayPass Wallet Services
May 14, 2012, 12:18 pm
Kony Solutions, the leading mobile application development platform (MADP) provider, announced that it is the first mobile platform provider to support the new MasterCard PayPass Wallet Services. Kony customers and partners can provide their consumers with a faster, easier and consistent shopping experience, in stores or online, by allowing consumers to securely pay with a simple click of the mouse, touch of the tablet screen or tap of the smartphone.
"Kony enables its customers and partners to deliver superior mobile experiences to their end consumers and enterprise users,” said Robin Kearon, vice president, Channels & Alliances for Kony. “MasterCard’s flexible approach to mobile commerce
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Early days for mobile payments adoption: MasterCard news
May 14, 2012, 12:13 pm
While no two markets are the same, consumer readiness is the critical success factor to drive mobile payments adoption around the globe, says a new report by payment facilitator, MasterCard.
The MasterCard Worldwide study MasterCard Mobile Payments Readiness Index (MPRI), released today, relies on an analysis of 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale.
India was rated at a score of 31.5 in the MasterCard index, driven by high scores in the infrastructure component, moderate scores in financial services and consumer readiness,
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BlackBerry ties up with mobile payments provider Tanla Solutions in Middle East
May 14, 2012, 12:09 pm
Telecom Lead Middle East: Tanla Solutions, a global provider of mobile payments and rights management solutions, has tied up with BlackBerry maker Research In Motion (RIM) to offer applications gift card solutions in the Middle East.
The India headquartered Tanla Solutions will be using its proprietary license management solution for rights management, in application payments and redemption.
The gift card enables consumers to receive 20 apps that are bundled with the phone.
Users can access the gift card by scanning a
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Banks, telecoms move on new mobile payment system
May 14, 2012, 12:04 pm
Canada’s banking industry is preparing a sweeping set of new guidelines that will change the way Canadians pay for goods at retailers across the country.
The new guidelines, which are expected to be made public as early as Monday, will open the door for partnerships between financial institutions and telecommunications companies to embed credit card and debit card information inside smartphones.
Those standards were agreed upon by the country’s largest banks late on Friday at a meeting of the Canadian Bankers Association, and will set out rules for “how banks will operate in this new world,” a source close
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Digicel Launches World's First Fully Inclusive NFC Capable Mobile Wallet Payments Service with VeriFone
May 14, 2012, 11:53 am
NUKU'ALOFA, Tonga, May 14, 2012 /CNW/ - Digicel Pacific Limited, a mobile network operator across the Pacific and a division of the Digicel Group, has deployed VeriFone mWallet services and NFC-enabled payment systems to offer its entire customer base access to the latest NFC technology to facilitate Mobile Money transactions. Launching in the Kingdom of Tonga this week Digicel says the new service is truly inclusive because customers do not need a bank account, credit card or a smart phone.
The innovative NFC-enabled merchant payment solution uses NFC tags from Digicel linked to mobile numbers and VeriFone's contactless payment acceptance systems. Digicel Tonga subscribers are now
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Geode iPhone 4 Sleeve Offers Mobile Wallet Function – A Taste of the
May 11, 2012, 8:36 am
Using a Smartphone to pay for goods and services is something the biggest players in the industry are looking to perfect and offer up as standard, currently serving as the party-piece of the recently-unveiled Samsung Galaxy S3.
However, for Apple-devotees unable to wait until the NFC-toting iPhone 5 release date is made official later this year, a startup company by the name of iCache is offering up the next best thing.
For those who’d prefer to double their iPhone up as a wallet, the new Geode iPhone cover not only protects the most precious of assets a technophile can
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Housing Finance rolls out mobile banking services
May 11, 2012, 7:58 am
Housing Finance bank has come up with an innovation that is likely to change the face of banking in Uganda.
The M-Cash account, introduced last week, is bound to attract more Ugandans into the banking industry, reduce the reliance on bank branches, and limit the bank’s operation costs.
The account can be accessed using a mobile phone. There is also an option of using a prepaid account card, M-Card, which uses the latest Near Field Communication (NFC) technology. The account also uses fingerprints or PIN numbers as security features.
MobiCash Africa is the technology solution provider for this platform.
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Commonwealth Bank tapping into growing mobile banking market
May 11, 2012, 7:51 am
Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into growing mobile banking market in the country, benefiting the increasing number of middle-class people in the largest economy in Southeast Asia.
“Up to 80 percent of [the Indonesian] population is less than 40 years old, 35 percent of whom use social media. If you look at the way people interact and travel in Indonesia, mobile is the key part of that,” Commonwealth Bank director of retail and business banking, Ian Phillip Whitehead, said in Singapore on Friday
“Indonesia is the biggest users of BlackBerry [smartphone] outside
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Boloco brings in mobile payment technology
May 11, 2012, 7:41 am
Customers of Boston burrito chain Boloco can now pay by smartphone using SCVNGR’s LevelUp app.
The mobile payment technology, incorporated into Boloco’s cash register system, can be used by customers with iPhones or Droids at all 18 Boloco locations by holding their smartphone up to the LevelUp scanner next to each register.
Customers will automatically receive email receipts for their purchases and can access their full transaction histories within the app. Boloco will give its customers a $2 credit the first time they pay with LeveUp and invite them to receive an additional $10 each time they spend $100 using the app.
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Wallet, Wallet Everywhere: Making Sense of the Mobile Payment Wars
May 11, 2012, 7:34 am
There’s a cold war going on in the technology world. As smartphones become ubiquitous and online shopping grows, tech companies and payment companies are arming themselves for battle over how people pay for things.
Their shared goal is to take a hammer to the inconvenience of traditional paper and plastic payments. They want our smartphones to act as electronic credit cards using near-field communication technology. They want online stores to accept a login and password instead of full payment details. Eventually, even our computers may act as payment kiosks, so we can press a phone against a laptop to
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Ghana: MTN Mobile Money Expands - Services to Cover Payment of Domestic Airline Tickets
May 10, 2012, 10:54 am
MTN Mobile Money subscribers who use Starbow can now purchase their air tickets through MTN Mobile Money. This service was unveiled during an interaction between MTN Ghana officials and editors in the Volta Region.
The forum was organised to brief journalists on new trends in telecommunications, the drive towards convergence, MTN's CSR initiatives, as well as the company's network coverage expansion projects currently underway in the region.
The forum was attended by editors and senior journalists from different parts of the region including Adidome, Akatsi, Aflao, Denu, Hohoe, Ho and Dodze.
Cynthia Lumor, Corporate Services Executive, said, "MTN Mobile
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American Express Cardmembers to Shop, Tap and Pay with Isis Mobile Wallet
May 10, 2012, 10:18 am
NEW YORK, May 10, 2012 (BUSINESS WIRE) -- American Express AXP +0.67% and Isis(TM), the mobile commerce joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, today announced an agreement to make American Express' U.S. Consumer, OPEN(R) Small Business and Serve Cards available in the Isis Mobile Wallet(TM). American Express Cardmembers will be able to shop, tap and pay with their mobile device equipped with Near Field Communications (NFC) technology, starting in Salt Lake City, Utah and Austin, Texas later this year.
Last year the American Express network joined the Isis Mobile Commerce Platform. Now American Express is adding its Cards
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PayMate launches PayPOS, a mobile app for POS card payments
May 10, 2012, 10:10 am
Leading mobile payments company PayMate India Pvt Ltd has officially launched an application that enables small businesses to accept and process electronic transactions (using credit and debit cards) directly on their mobile phones at the point of sale (POS) itself. The app is called PayPOS (mixture of Pay+POS) and it has no setup fee, rentals, variable fees or minimum transaction limit.
Merchants who have a smartphone can sign up with PayPOS and after signing-up; they will receive both a merchant ID and a device ID. For charging the amount, they will have to enter the mobile number (of the customer) and the chargeable
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Visa President Bullish on Mobile Payments as V.me Goes Live
May 10, 2012, 10:02 am
NEW ORLEANS - Technology conferences are a favorite venue for wild-eyed predictions from self-anointed futurists, and certainly this week's CTIA Wireless 2012 event is no different.
But on the subject of mobile commerce, a hot topic here at the show, Visa President John Partridge tempered his enthusiasm with a measure of realism, acknowledging that it is premature to brand this year or next the "breakthrough" year for making payments on wireless devices.
"Quite the contrary," Partridge said in a keynote address on Wednesday. "Clearly there is great momentum surrounding mobile payments today, but we are still in the very early stages of
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MXit trials WiFi payments
May 10, 2012, 9:58 am
Africa's largest mobile social network has developed its own 'geo- fenced' mobile payment system, which uses WiFi for close-proximity transactions.
According to MXit, staff members have been trialling Gust, a mobile application running on Apple's operating system, at selected day-time coffee shops and restaurants in Stellenbosch, since April.
Joe Botha, founder of Gust and of vendor relationship management tool TrustFabric (which is integrated with MXit), says a Beta version of the app is expected to be ready in June.
Location logistics
Botha says Gust wallets run on iPhones, while the merchant side runs on iPads. “When two devices are close to each
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SMB mobile payment options add up
May 9, 2012, 12:28 pm
Mobile payments darling Square faces increased competition this week from several big-name and emerging players, including giants VeriFone and MasterCard.
VeriFone Systems has unfurled a solution called SAIL by VeriFone, its gambit into the the mobile payments fray. The company is touting the fact that its platform is “open,” that is, compatible with various smartphone and tablet devices as well as traditional payment acceptance technologies. SAIL can be integrated with EMV smartcard, NFC contactless and other mobile payment standards, VeriFone said.
The service works with a credit card reader that attaches to your Apple iPhone or Android smartphone; you download a
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Clairmail Leads New Era of Mobile Banking Security With RSA Certification
May 9, 2012, 12:14 pm
SAN RAFAEL, CA -- (Marketwire) -- 05/08/12 -- Clairmail, Inc., the leader in mobile banking and payment solutions, today announced its acceptance to the Secured by RSA ® Certified Partner Program and has certified interoperability between Clairmail's Mobile Banking Solution and RSA Adaptive Authentication software from RSA®, The Security Division of EMC (NYSE: EMC). Already an RSA Secured® Partner, the new interoperability partnership comes after rigorous RSA certification testing of Clairmail's Mobile Banking Solution and reinforces Clairmail's commitment to continually advancing platform security for end users and Financial Institutions (FIs).
According to McAfee's 2012 Threat Predictions report, mobile security
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South Africa: Mobile Payments in Stellenbosch Without GSM
May 9, 2012, 11:35 am
A new application that runs on iPhone and iPad could see Stellenbosch become the first South African city where you do not need cash, as a geo-fenced mobile payment system, Gust, approaches its Beta trial in June 2012.
MXit staff have been using Gust wallets, which runs on iPhones with merchants on an iPad. When two devices are close to each other, the merchant can request a payment from the mobile phone user.
Unlike other payment systems, which use geo-fencing logic, this does not need a GPS device or even a GSM connection.
It uses wifi, the user's name
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Flint: A New Mobile Payment App For Small Businesses Picks Up $3M From Storm, True Ventures
May 9, 2012, 11:30 am
Another mobile payments service is hitting the market today, but unlike Square, Here from PayPal, or solutions from the likes of Isis, this one doesn’t require a dongle on the handset — or new technology like NFC — to work. Called Flint, the free app uses the camera on a handset to “scan” the account number from the front of a payment card, and uses that along with a customer signature to process the transaction.
And the company behind the app, Flint Mobile, today also announced that it has raised a Series A round of $3 million from two top-tier VCs, Storm Ventures
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Samsung and Visa Showcase Mobile Payments at the London 2012 Olympic and Paralympic Games
May 9, 2012, 11:19 am
LONDON & SEOUL & NEW ORLEANS -- Samsung Electronics and Visa today announced that the Samsung GALAXY S III, the latest in smartphone innovation, will be Samsung’s Olympic Games Phone during the London 2012 Games.
A limited edition showcase device enabled with Visa’s mobile payment application, Visa payWave, will be available for Samsung and Visa sponsored athletes and trialists, making it possible to buy merchandise with a wave of the device at thousands of retail locations throughout London.
Samsung’s Olympic Games phone for the London 2012 Games, comes equipped with Near Field Communication (NFC) payment capability and is the
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99Bill's Smartphone Card Reader to Enable Massive Mobile Payment in China
May 8, 2012, 4:54 pm
BEIJING, May 8, 2012 -- /PRNewswire-Asia/ -- 99Bill Corporation, China's leading electronic financial service provider, announced the official launch of its new mobile payment product 99Bill Card Reader. By simply plugging the tiny 99Bill Card Reader into Smartphone audio jack, merchants can accept bank card and credit card payments on the go, and make more sales quickly. The patented solution supports both iOS and Android platforms.
Statistics shows that China has huge demands for card present transactions, but still lags behind other markets around the developed world where POS devices are extremely common. According to People's Bank of China, the nation had issued a total of nearly 3 billion bank cards by the
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