VeriFone Mobile Money Wins 2014 Kalahari Award for Best NFC Deployment
March 6, 2014, 12:20 pm
Chris Jones, CEO of VeriFone Mobile
Money and Founder of Mobilis Networks, says he is "delighted to receive
the Kalahari award which recognizes the delivery of VeriFone Mobile
Money's retail enablement and mobile financial services platform to its
customers and the work the company is doing globally with banks and
mobile service providers."
"VeriFone Mobile Money has delivered to
its customers a solution that enables an operator's mobile money
solution to deliver its customers frictionless, fast and secure
transactions at the agents' point of sale. The solution enables non-NFC
and NFC smartphone devices to be able to communicate and process mobile
Banks using mPOS to strengthen SMB offerings
March 6, 2014, 12:14 pm
With the pervasiveness of the smartphone, small- and medium-sized
merchants are beginning to realize the reality of conducting
transactions via mobile. According to a recent survey by ATH, 65 percent
of business customers say their most desired mobile functionality is
card acceptance. Between the increased convenience that mobile payment
solutions offer SMB merchants, low investment costs and the simplicity
of a streamlined platform, mobile POS technology, or mPOS, is becoming a
common capability at an increasing number of merchants who previously
only accepted cash.
Financial institutions that offer merchant services are likely to
offer a "one-size-fits-all" commercial merchant services proposition
that includes equipment
Groupon may become a dominant mobile commerce platform
March 6, 2014, 12:08 pm
Groupon had once been one of the fastest growing companies in the
world, but this growth has slowed to a crawl over the past two years.
The company had once boasted of $2 billion in annual revenue, but recent
problems have caused a significant change in leadership and Groupon’s
business plan. In order to become more engaging
to a new generation of consumers, Groupon has set its sights on the
mobile sector. While Groupon had been working to establish a mobile
presence in the past, it is now looking to become a dominant force in
Company’s services already align with the
MeaWallet to launch mobile payments platform that supports NFC, BLE and QR
March 6, 2014, 12:01 pm
The Norway-based company is working with worldwide partners including IBM, Tieto, Elavon, PayEx, Retain24, Bell ID, C-Sam, Visa and MasterCard
to deliver a solution that supports access cards, coupons, loyalty
cards, ID cards, tickets and mobile receipts as well as payments. "All
types of smart devices and secure elements" will be supported, the
"We have built a secure framework for a mobile
wallet which is independent of the MNOs, retailers, operating systems
and even the mobile device," Lars Sandtorv, CEO of MeaWallet, told NFC
"The whole idea with what we're doing is that we are trying
to help open up the
MasterCard to launch new mobile commerce platform in UAE
March 6, 2014, 11:56 am
MasterCard is preparing to increase its mobile commerce efforts in
the United Arab Emirates. The country has become a very prominent mobile
market, with smartphone penetration rising rapidly. As mobile devices
begin to play a more significant role in the lives of consumers
throughout the country, they are looking for services that allow them to
shop online directly from these devices. MasterCard is set to launch a new mobile wallet that may be able to accommodate the needs of mobile-centric consumers.
Mobile commerce platform tech is growing in popularity as consumers become more mobile-centric
Mobile wallets are becoming very popular platforms for those that
Middle aged men worst payers in Britain, according to WorldPay Survey
March 5, 2014, 11:17 am
LONDON – 5th March 2014 – A survey from WorldPay,
the UK leader* in payments has found that many micro businesses and sole
traders are regularly battling with late payments from their customers
and are chasing up an average of £799 in late payments. This suggests
that bad debt accumulated by this group alone could add up to a
staggering £2.5 billion in the UK.
The research, which surveyed
over 1,000 UK mobile tradespeople across various sectors, found that
they typically get paid late once a month. Individual consumers are the
biggest culprits according to 60% of respondents, while only 17% think
More than half of Canadian businesses have integrated mobile technology into their IT environments, CDW Canada survey reveals
March 5, 2014, 11:13 am
ETOBICOKE, ON, March 5, 2014 /CNW/ - CDW Canada,
a leading provider of technology products, solutions and services for
Canadian organizations in the private and public sectors, has announced
the findings of a new survey that revealed 56 per cent of Canadian
organizations have already integrated tablet PCs within their IT
environment. The survey also showed that 48 per cent of survey
respondents rank mobility and wireless among the highest priorities for
their organizations in 2014.
According to the CDW Canada survey, 36 per cent of survey respondents
said tablet PCs running the Windows 8 operating system best align with
Why Mobile Marketers Shouldn’t Take Their Focus Off of NFC
March 5, 2014, 11:07 am
According to the latest industry projections from IHS Technology,
global shipments of cellphones equipped with Near Field Communication
(NFC) technology will surge by more than a factor of four from 2013 to
2018, reaching 1.2 billion units.
Last year sounded the starting gun for the fast growth of the market,
with worldwide shipments of NFC-enabled cellphones climbing to 275
million units in 2013, up 128 percent from 120 million in 2012.
The market will expand by
more than 50 percent this year to reach 416 million, as presented in the
attached figure. From 2013 through the end of 2018, worldwide shipments
of NFC-enabled cellphones will
Mobile Payments and EMV Cards to Benefit VeriFone and NCR
March 5, 2014, 11:04 am
Although the Target hack was the most-publicized
event, other large retailers such as craft retailer Michaels Stores and
Neiman Marcus as well as White Lodging, which manages Westin and
Sheraton (owned by Starwood), Hilton, and Marriott hotels, have all been hit by massive security breaches in the recent past. Point-of-sale, or POS, equipment manufacturers VeriFone Systems and NCR Corp are some of the companies that are likely to see more business after the latest industry developments.
The EMV standard
The EMV standard is named after
three companies: EuroPay, MasterCard, and Visa. The standard contains
the same personal information that is found in the magnetic
ATMs, online fund transfer most popular banking technology: PwC
March 5, 2014, 11:02 am
According to a CII-PwC survey report titled ‘Connecting
the dots: Wiring business, technology and operations’, “Banks will
invest in platforms such as integrated payment hubs which supplement
existing core banking systems and provide a consolidated view across all
payment channels. Big data use in payments or unstructured areas like
social media, customer care and internal communications will mature.”
the challenges such as data efficiency, trade-off between service and
security amid smaller volumes in Indian transactions, Shikha Sharma, MD
and CEO, Axis Bank said, “Big data is something that we will bet on…The
transaction data at the ATMs, POS (point-of-sale) terminal, etc…We
Keeping Your Credit Cards in the Loop
March 4, 2014, 11:52 am
I'm using my American Express card to buy coffee at Chobani
SoHo in Manhattan. Instead of grabbing the card from my wallet, I place a
key chain fob against the store's credit card reader. I press a button.
I shopped this way a lot these past few weeks testing a highly promising -- and imperfect -- new mobile wallet solution called Loop Fob. It went on sale for $39 recently from Boston start-up LoopPay.
Mobile payments are supposed to be the future. You pay for stuff swiping
or tapping your phone, or in Loop's case with a fob that works in
tandem with the
Inside The Facebook-WhatsApp Megadeal: The Courtship, The Secret Meetings, The $19 Billion Poker Game
March 4, 2014, 11:48 am
The subject line of the e-mail was like every other come-on that hit Jan Koum’s
in-box in the spring of 2012. He was pounded daily by investors who
wanted a piece of his company, WhatsApp. Hatched on his birthday, Feb.
24, 2009, WhatsApp was emerging as a global phenomenon. Some 90 million
people were using it to text and send photos for free. No social utility
had ever grown as fast. Facebook had only 60 million by its third
birthday. And at the time close to half of WhatsApp users were returning
Koum looked at the e-mail sender: Mark Zuckerberg.
MasterCard enters seven new markets in Africa
March 4, 2014, 11:43 am
The addition of Chad, Central African Republic, Guinea-Bissau,
Liberia, Sierra Leone, Rwanda and The Gambia to the MasterCard network
extends the company's presence to 48 of the 55 markets that make up the
"Africa's ongoing economic development, steady population growth and
encouraging political outlook means that there is an increasing need for
innovative and secure payment solutions that address market needs,"
says Michael Miebach, Middle East and Africa President
at MasterCard "The continent has immense strategic importance to
MasterCard and we will continue to invest in infrastructure, people and
know-how in this part of the world. This has been the fastest growing
What Disney World teaches us about mobile payments
March 4, 2014, 11:40 am
Recently, I was in Orlando for a conference, and I stayed in a Disney
World hotel that offered conference rates. It gave me a chance to test
out the new Magic Band that Disney World provides both park guests and
hotel guests. The NFC-equipped wristband acts as your room key, park
entrance ticket, and debit or credit card for purchases throughout
Disney's central Florida empire.
The Magic Band is a good proxy
for the notion of using your smartphone for mobile payments. After all,
the first version of this vision, Google Wallet, relied on NFC-equipped
smartphones. It also provides insight into
Citrus Launches Its Feature-Rich Mobile Wallet App
March 4, 2014, 11:38 am
The consumer can sign up at citruspay.com for an account or download the Citrus app from the Google Play Store and load a amount of their choice via a credit card, debit card, or directly from their bank.
This app will enable the user to transfer money to friends, colleagues, and family members in just a few seconds. Amounts can be from as little as Re 1 to up to Rs 10, 000.
The app’s functionalities are:
Send Money: User can return borrowed money to friends, pay shared bills etc.
Request Money: Users can ask friends
Fingerprint security is convenient, but not flawless
March 3, 2014, 10:45 am
The sensor brings
convenience for entering passcodes and could encourage more people to
lock their phones. But fingerprint security isn't foolproof.
Here's what to know as you consider whether to place your trust in it:
How does it work?
S5 has a sensor on the home button, just like Apple's iPhone 5s. On the
S5, you train the phone to recognize your finger by swiping on it seven
times. You also enter a passcode as a backup, so you're not locked out
if the device doesn't recognize your print. On the iPhone, that can
happen if your hand is greasy or wet, for instance.
Zimbabwe: Agents to Enter Into Multiple E-Wallet Contracts
March 3, 2014, 10:42 am
This comes after the Reserve Bank of Zimbabwe said any agent may
offer services to multiple payment system providers provided that the
agent has separate contracts for the provision of such services with
each institution and the agent has the capacity to manage the
transactions for the different payment system providers.
But where a payment system provider requires entering into exclusive
arrangements with an agent, the provider shall apply to the central bank
justifying why such an agreement is necessary.
The RBZ shall then consider such application and may approve or dismiss the application, the central bank said today.
"It has come to the
China is a hotbed for mobile commerce activity
March 3, 2014, 10:36 am
MasterCard has released the results of a new survey concerning mobile commerce
in China. Consumers throughout China have been growing more interested
in shopping from their mobile devices and are beginning to use their
smartphones and tablets to purchase products more often. Many consumers
consider mobile shopping to be very convenient and ideal for their
current circumstances. This is especially true among people that commute
often as mobile commerce allows them to purchase products from wherever
they are and have these products delivered to their homes.
Nearly 100% of Chinese respondents have made a mobile purchase in the past three months
According to the survey
eBay launches new mobile commerce initiative in India
March 3, 2014, 10:33 am
India has become a very attractive market when it comes to mobile
commerce. The country has been experiencing a boom in smartphone
penetration in recent years and this has lead to a rise in demand for
mobile-centric services. Many retailers have begun to respond to this
demand by becoming more accommodating of mobile payments and supporting mobile commerce in general. eBay India has launched a new initiative that seeks to further promote mobile commerce throughout India.
eBay initiative aims to promote mobile shopping in the evening in order to showcase convenience of mobile commerce
new initiative is called “Deals@10PM” and is meant
MasterCard to roll out mobile wallet in the UAE this year
March 3, 2014, 10:30 am
MasterCard’s new digital payment platform called “MasterPass” on
mobile devices will be rolled out in the UAE this year, a top regional
official told Gulf News yesterday.
In this digital wallet, all the card details are entered only once when setting up the account.
It has been rolled out in the US, Australia, Canada and the United Kingdom.
UAE has an excellent opportunity to go beyond plastic. Even though the
country is very sophisticated, 90 per cent of the transactions are made
by cash and cheques whereas it is 85 per cent in rest of the world,”
said Michael Mieback, president
Mobile payment start-up Dash raises $1.2 million seed round
February 28, 2014, 11:36 am
Existing investors including New York Angels, Caerus Ventures and
Jonathan Segal, Founder and CEO of The ONE Group, participated in this
round, with new investment from Mike Germano, CEO of Carrot Creative.
growth of the mobile payments industry is evident- and it's here. Pay
with Dash provides a 360-degree mobile payments solution for both
vendors and patrons," says co-founder at Dash, Jeff McGregor. "We've
managed to streamline the process and seamlessly connect the
consumer-facing app with the back-end app built for venue owners or
managers, similar to the Uber app for their users and their drivers.
With these new
The State Of Mobile Marketing: It's The Best Of Times And The Worst Of Times
February 28, 2014, 11:31 am
The reason I ask of course is I am of course prone to this type of
melding, if you will and I was curious if Dickens would be considered
pop culture? Not sure to be honest with you but be that as it may, my
borrowing of the the famous opening line to the classic tale is quite
apropos when it comes the current state of mobile marketing.
Here is the actual full opening stanza to A Tale of Two Cities:
“It was the best of times, it was the worst of times, it
was the age of wisdom, it
Vodafone to foray into mobile commerce
February 28, 2014, 11:14 am
Telecom service provider Vodafone
would focus on growth in data revenue stream by attracting more
customers to 2G and 3G platforms besides foraying into mobile commerce
facility enabling cashless transactions for users, a company official
said here today.
"Our priority is that. We will continue to focus on growing our data as a
revenue stream and getting more and more users both on 2G and 3G
platform. We will also make a foray into mobile commerce through
M-Pesa...," Vodafone South Ltd Business Head-Tamil Nadu Apoorva Mehrotra told reporters here.
The company, as part of tapping the 65% of users who
NFC and mobile payments – always a bridesmaid never a bride
February 28, 2014, 11:12 am
Is NFC finally going to make it into mainstream cellphones? NFC has been a bit of a bridesmaid to the cellphone industry, hanging around hopefully without ever getting to the altar.
IHS reckons that 275 million phones were sold with NFC in them last year – that’s out of 1.5 billion phones shipped last year i.e. 18.2% of the total number of phones shipped had NFC in them.
In 2012 IHS says 120 million were sold, this year it expects that 416 million will be sold and, in 2018, it expects 1.2 billion to be sold when phones
BlackBerry plans mobile money services
February 28, 2014, 11:06 am
John Sims, President, Global Enterprise Services, BlackBerry told Business Line,
“We have secure transport and a lot of people connected on that
transport. We are looking at launching mobile payments, person-to-person
money transfer. But we will not do it alone. We will do it with
partners who have required licences.”
“In India, as
Government moves to the National ID scheme, we see opportunity to
integrate into that to be able to use finger printing recognition as ID
to do money transfer,” he added. BlackBerry will, however, launch the
service first in South East Asian markets.
New eBBM suite
move comes after BlackBerry
WorldPay partners with the ITT
February 27, 2014, 10:28 am
The partnership will see WorldPay support the ITT across a range of
events and initiatives designed to provide the travel and tourism sector
with key industry insight and business intelligence.
extensive experience in the travel section, working with travel agents,
hotels, cruise companies, rail operators, car hire companies and
airlines of all sizes to optimise payment acceptance. It offers
businesses the most extensive range of payment solutions across multiple
methods, currencies and languages from a single platform.
Helldorff, Vice President Travel at WorldPay, says: “The travel and
tourism industry is a very important market for us and we welcome this
opportunity to become even
Etisalat, MasterCard showcase mobile payments
February 27, 2014, 10:17 am
“Over the last few years, Etisalat has used the Mobile World Congress as
a platform to reinforce strong strategic partnerships and launch
innovative solutions that are now being used by millions of people all
over the world,” said Khalifa Al Shamsi, chief digital services officer
at Etisalat Group.
“We’re now looking at ways to further enhance this successful
partnership with MasterCard using the technologies of tomorrow such as
the innovative mobile payment solutions we are showcasing today.”
MasterCard and Etisalat will strive to build upon the milestones of the
previous year and replicate the success of their existing mobile
Mobile payments coming to BBM!
February 27, 2014, 10:13 am
Just when we saw it getting optimized for secure communication in the enterprise environment (BBM Protected),
we’re hearing about some new plans involving mobile payments. That’s
right, the Canadian company is apparently exploring an option to allow
BBM users to beam money to one another like it’s an image or file.
This capability will primarily target users in the developing world
where many banking customers don’t have access to in-person or online
payment resources. In that sense, mobile payment-enabled BBM could come
as real blessing, helping users not only stay connected but also getting
At the moment, the biggest chunk of BlackBerry users
eBay leads $134 million investment into Indian e-commerce site
February 27, 2014, 10:11 am
eBay, the San Jose-based tech company and ecommerce marketplace, has
been steadily growing its presence in the BRIC nations — Brazil, Russia,
India and China — as the Web, mobile devices and consumer appetite of
online shopping have grown in those emerging markets.
“Accelerating growth in India and other emerging markets continues to
be a core strategy for driving eBay’s global e-commerce leadership,”
eBay Senior Vice President Jay Lee said in a news release.
Snapdeal was launched in 2010 — 15 years after eBay — and today is
the largest online marketplace in India. The site has about 20,000
sellers, 500 product categories and
How Bitcoin Smashes Mobile Payments Barriers
February 27, 2014, 9:58 am
I have worked in the currency, payments, and cryptography business for over 20 years, at businesses including Visa, Sumitomo Bank, VeriSign, and Hushmail.
technological developments now occurring in peer-to-peer payments and
online distributed trust ledgers will shake the current financial system
to its core. Ultimately, this will be a good thing for society and,
therefore, it should not be feared or resisted.
Of course, I am speaking about the bitcoin network and the bitcoin monetary unit which runs over that network.
If I had to describe bitcoin in just three words, I would say it is: Money Without Government.
Alternatively, I could say bitcoin is