ICICI Bank and Aircel providing mobile money solution to India's underserved

ICICI Bank of India, the country's largest private sector bank, is launching Mobile Money with wireless provider Aircel. The program, aimed at the nation's financially underserved population, will run on card brand Visa's platform. Mobile Money will provide unbanked consumers,...

8 more states thinking about merchant surcharge ban

Ten states have already prohibited merchants from charging a fee at the POS. Now eight more are thinking about joining the list. According to a report by CUNA, the states of Hawaii, Illinois, Mississippi, New Jersey and Rhode Island are currently considering bills that would ban merchant surcharges.

Retailers get power to add credit purchase surcharge

This week, merchants in 40 states gain the ability to surcharge customers who use credit cards for purchases. The change is one measure in the proposed anti-trust settlement between U.S.

Visa's V.me digital wallet to deploy in 2013

This year will be a banner year for mobile payments. So says Visa Europe.

RIM gets Visa approval for secure element management tool

Are mobile payments key to a resurgent Research In Motion? Could be. The maker of BlackBerry devices announced its Secure Element Manager solution for NFC mobile payments has been given the official Visa stamp of approval.

Shazam intros mobile app for debit cardholders

Shazam has announced the launch of Shazam Bolt$, an app for smartphones and tablets that allows financial institutions to offer their Shazam debit cardholders free, mobile access to their debit card accounts. The EFT services provider has also created an...

U.S. Bank to test NFC-enabled mobile payments for iPhone users

U.S. Bank will be offering FlexPerks Visa cardholders in Salt Lake City, Utah, and Portland, Ore., the option to try a new mobile payment product called U.S.

ZTE and China UnionPay to collaborate on mobile payments

Another partnership is looking to introduce a mobile payment service in the Chinese market. This time it's handset-maker ZTE Corp.

MasterCard forms strategic partnership, takes minority stake in C-SAM

C-SAM and MasterCard are becoming strategic partners. The companies announced the new deal yesterday.

Gemalto SIM card gains important card brand certification

Digital security provider Gemalto announced that it has obtained certification for its UpTeq NFC SIM cards from payment networks American Express, MasterCard and Visa. The UpTeq NFC SIM cards securely store personal data and payment credentials on a mobile device...

BofA to begin offering online customers access to Visa's V.me digital wallet

Bank of America is joining the list of financial institutions offering Visa’s V.me digital wallet service. BofA announced it has begun piloting  the product to its online banking customers. V.me is Visa's entry in the digital wallet space.

MasterCard, Telefonica form JV in Brazil to offer mobile money services

Grupo Telefonica and MasterCard International have announced the formation of MFS, a joint venture that will focus on developing mobile payment solutions in Brazil. The new JV will launch its first product, a MasterCard branded prepaid account that can be...

First Vodafone, Visa mobile wallet to launch in Australia in 2013

Wireless provider Vodafone and payment brand Visa announced a partnership earlier this year aimed at rolling out a mobile wallet tool to a number of countries. Today, Vodafone Australia and Visa said they plan to launch an app for NFC-enabled...

Barcelona bank rolls out major tap and go program

Spain’s largest retail bank, La Caixa, has begun deployment of contactless payment cards and terminals across Barcelona, said a report at ft.com. The move represents the largest rollout of "tap and go" technology in Europe. The bank will issue 1...

PayPal says Google stole its Wallet (UPDATED)

(UPDATED) Claiming on its company blog that spending time in a courtroom isn't its thing, PayPal quickly followed Google's announcement of its new online payment method by filing a lawsuit against Google for stealing trade secrets and poaching employees. The...

New mobile payment network in France announced

The three largest telecom providers in France — Bouygues Telecom, Orange and SFR — today announced a new joint venture called Buyster. The telecom providers are being joined in the JV by the French financial and technical services company Atos Origin S.A.

Visa and Wireless Dynamics test iPhone mobile payment solution in Europe

Visa and Wireless Dynamics test iPhone mobile payment solution in Europe

In yet more news on near field communication (NFC) technologies and payments, Visa Europe and Wireless Dynamics Inc. have announced the deployment of a mobile payment application for iPhones to customers in Turkey. The application requires an accessory from Wireless...

Telefónica and MasterCard announce mobile payment joint venture in Latin America

MasterCard Inc. and Spanish telecom giant Telefónica SA today announced the creation of a joint venture providing mobile financial solutions to customers in Latin America. According to the announcement, each partner will own 50 percent of the new venture.

Starbucks rolls out mobile payments

Starbucks Corp. has rolled out mobile payment acceptance.

Intuit's GoPayment tries freemium offer

It looks like Intuit’s GoPayment is taking the gloves off. According to Fortune Magazine’s Michal Lev-Ram, Intuit began offering a freemium version of its mobile credit card service beginning last week.

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