I am delighted to share the inaugural issue of our quarterly customer newsletter "Vritti". Vritti, literally "whirlpool" in Sanskrit, seems to resonate well with the constant innovation and disruption we see in the mobile financial landscape today.
The mobile payments revolution is here! Driven by the development of near field communication (NFC) enabled smartphones, the launch of various mobile payments platforms and a sharp increase in consumer demand, the contactless payments market is set to be worth $9.88 billion by 2018.
A question is asked about whether the closed nature of MCX runs contrary to the National Restaurant Association's open philosophy. "A lot of the principles we're looking for exist with MCX," says NRA's Liz Garner. A Walmart representative weighs in on the issue as well. (From the ATM & Mobile Executive Summit.)
CrowdStrike's CTO tells how his team exploited a phone using tools and techniques currently available "in the wild." The phone's owner felt personally vulnerable because much of his daily life was hacked. (Dmitri Alperovitch at the ATM & Mobile Executive Summit.)
A mobile application from Wincor Nixdorf allows the bank customer to prestage a cash withdrawal on a smartphone. The app creates a token that is sent to the mobile user's phone. The customer can then go to the ATM of...