InComm's drive to bring open-loop prepaid to mobile wallets

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The company has partnered with Gemalto to use the digital security company's Allynis Trusted Services Hub to digitize its open-loop prepaid card offerings.

FEATURES


Three years later: Where does MCX stand today?

Best Buy, Target, and Wal-Mart were among the first major retailers to announce their support for the Merchant Customer Exchange. More than three years later, the proposed mobile payments system is still more an idea than an actual product.

No surprise: Gallup finds mobile wallets low priority for consumers

Just 13 percent of more than 17,000 consumers surveyed have a digital wallet on their smartphone.

Banks eye tech upgrades and mobile tops the list

KAL and Mobile Payments Today sister publication ATM Marketplace took the wraps off the 2015 software trends report — and offered a detailed look at what the survey results indicate.

The EMV countdown is on: What merchants should be doing now

The U.S. is the last developed country in the world to move from the magnetic stripe card standard to EMV. It is also the largest and most complex market so far to make the switch, and Ingenico is finding that many merchants — especially medium-size ones — are not fully aware of what they need to do to get ready.

Global consumers interested in proximity mobile payments

Michelle Evans, senior consumer finance analyst at Euromonitor International, shares some insights from her company's recent Hyperconnectivity Survey.

ICXSummit15: From scavenger hunt to Skydeck, the highlight reel

From an Under Armour installation that tests athletic ability to a Warby Parker photo booth experience, interactive customer experience was the order of the day at the inaugural Interactive Customer Experience Summit, held June 28-30 at the Sofitel Chicago Water Tower.

Mobile online retail payments in focus

Total mobile online retail payments are expected to grow from $75.8 billion to $217.4 billion at a 23 percent compounded annual growth rate between 2014 and 2019, according to Javelin's Mobile Online Retail Payments Forecast.

Cards and payments: Renew the old, ring in the new

A new industry survey seeks to understand the priorities, challenges and benefits that payments organizations will encounter as they undertake a "new and renew" transformation in payments.

Fintech 2.0 needed between startups and banks

Dan Glessner, the chief marketing officer at Quisk, wrote a blog post about his recent attendance at the MoneyConf in Belfast.

New York's BitLicense in review

When the New York BitLicense landed last month, it created a massive storm of protests. It brought the debate on virtual currency regulations front and center.

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NEWS


Missing EMV liability shift date NBD, IT execs say

In a recent survey, 42 percent of IT pros said their company was making no apparent progress on EMV; 58 percent didn't think missing the deadline would affect the bottom line.

Study finds mobile plays larger role in consumers' shopping habits

Results show that the use of mobile technology by shoppers continues to climb, with adoption growing among key segments of the population.

Mobile money transfers expected to increase 150 percent in 2015

Several social media firms are already seeing a dramatic rise in service use, according to analysis from Juniper Research.

PayPal officially separates from eBay

PayPal previously was listed on the Nasdaq under the same ticker symbol "PYPL" before it was acquired by eBay Inc. in 2002 for $1.5 billion.

Detroit businesses adopt bitcoin payments

Several businesses in Detroit are beginning to accept bitcoin as a payment option.

Bitcoin companies offer services to Greek citizens

Since the Greek debt crisis began, there have been a number of reports on whether Greek residents were making use of bitcoin. However, several companies are now beginning to offer services specifically to Greek residents.

PayPal acquires Xoom in $890 million deal

Xoom is considered one of the leading international remittance companies in the U.S. It enables consumers to send funds to, and pay bills for, family and friends worldwide using their mobile phones, tablets or computers.

Study: Most smart card holders clueless about EMV

A new study by Javelin reveals that EMV card distribution does not necessarily equate to EMV cardholder awareness.

FBI issues ransomware warning, offers tips for prevention

The FBI's Internet Crime Complaint Center says that ransomware continues to spread, posing a threat to individuals and businesses alike.

Report: Africa leads the way for mobile money services

Several African mobile operators — such as Vodacom Tanzania and MTN Uganda — are now generating more than 10 percent of their revenues from mobile money.

Study: Most US consumers favor bio ID to prevent financial fraud

One in four US consumers would even be willing share their DNA with their bank to secure financial and personal information, a new report reveals.

GlobalPlatform updates security protocol

'GlobalPlatform Secure Channel Protocol 11' addresses the increasing number of use cases, such as mobile banking, where applications utilize both the SE and TEE to protect a secure service.

Survey: In mobile payments, enthusiasm outpaces adoption

The financial services industry tends to align its outlook with the potential of a technology rather than consumer expectations, Compass Plus survey shows.

Study: UK mobile payments projected to hit over £1.2 billion a week by 2020

Visa Europe predicts that 6 in 10 Britons (60 percent) will expect to use their mobile devices for payments at least once a week by 2020.

Report: Mobile tops ATM as banking screen of first choice

A new study from Javelin finds that nearly 25 percent of mobile users now name it as the go-to mode of access for their primary bank checking account.

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Interested in the projected growth of mobile payments, how the industry works, or who the major players are? We cover the industry stats and research reports that help you plan the future of your own business.