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.

FEATURES


June mobile payments 5 for 5: Apple, Google, and Microsoft

It's time for a look back at the most-read articles on Mobile Payments Today in June, and what we can learn from them.

Companies seek to take plastic to new digital heights

Rich McIver examines the different players in this unique market.

Interactive customer experience technology has to surprise and delight

Customers expect a personalized experience that surprises and delights them, and most will trade bits of information about themselves if they receive something in return.

A voice for mobile carrier commerce

One long-time industry supporter is exploring the formation of a group that would help promote the benefits of direct carrier billing and mobile money services worldwide.

Rogers expands wireless support for suretap mobile wallet in Canada

Suretap now boasts support from Bell, Telus and its subsidiary Koodo, and Virgin Mobile Canada. CIBC also will allow its customers to load their credit cards into the mobile wallet, and consumers have the ability to store gift cards from more than 30 retailers.

Interactive customer experience technology has to provide value

Consumers with a natural sense of curiosity want to engage with technology, says Eric Vazquez, project manager for Encore Event technologies, but will the technology provide value to the consumer and if so, in what form and to what end?

Bitcoin 'rebittance': serving the financially underserved

With remittance fees as high as 12 percent, many migrant workers are stuck in a bind. Hence, some migrants are turning to bitcoin "rebittances" as a less expensive alternative.

2015: The year of HCE?

For all the talk about third-party mobile payment providers in recent weeks, financial institutions can still have a place in the conversation going forward.

Android Pay and banks

Martin Cox, global head of sales for Bell ID, examines how the new kid on the block stacks up against Apple Pay and Samsung Pay for financial institutions.

Interactive customer experience technology has to be natural

Technology should be used in way that's natural for consumers to interact with, and enhance the brand story, rather than be the story itself, says Ben Putland, director of software analysis and development for Grand Visual.

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NEWS


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.

Mobey Forum seeks to help FIs understand mobile options

A white paper by the forum analyzes the impact of the secure element and the role of third parties, as well as current acceptance status and business models.

Mobile payments come to more Canadian wireless subscribers

EnStream announced MTS and SaskTel customers now have the ability to make mobile payments.

ICXA now accepting nominations for 2015 ICX Excellence Awards

The Interactive Customer Experience Association is now accepting nominations for its Industry Excellence Awards, meant to honor the best self-service, digital signage and mobile technology deployments across all vertical market segments.

Mobile financial services grow in Latin America and the Caribbean

The GSMA said in a report that the two regions boast a total of 37 mobile money services accounting for approximately 14.9 million registered users across 19 countries.

Issuers believe shift to chip cards will be almost complete by 2017

Eight financial institutions, representing approximately 50 percent of the total U.S. payment card volume, estimate that 63 percent of their credit and debit cards will contain EMV chips by the end of this year, expanding to 98 percent by the end of 2017.

Industry organizations work to simplify EMV transition

Payments Security Task Force, PCI Security Standards Council and the EMV Migration Forum have launched educational and prequalification tools for resellers and software vendors.

Study looks at Apple Pay prospects six months on

A research note from Mercator contends that future prospects for Apple's payment tool are brighter than current use data might suggest.

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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.