Mobile payments skyrocket during Chinese 'Golden Week'

Mobile payment use among Chinese consumers rose significantly last week during China's Golden Week holiday, according to Alipay, the payments arm of Chinese e-commerce service Alibaba. Destinations such as the Bicester Village outlet shopping center in the U.K., the Dotonbori...

Study: Apple Pay leads in users, but Samsung Pay consumers more engaged

Apple Pay is the go-to digital wallet for most debit card users, according to new data from Auriemma Consulting Group. An Auriemma study of debit card issuers shows that Apple Pay makes up 77 percent of mobile wallet transactions. Samsung...

Global contactless card issuance to reach 50-plus percent this year

Contactless payment card issuance is likely to reach 1.5 billion units in 2018, accounting for more than 50 percent of all payment card shipments globally, according to the advisory firm ABI Research. ABI said that breaking the 50 percent barrier...

Study: Venmo outpaces ATM cash withdrawals with millennials

Rubiix, a social spending platform that distributes ad revenues back to users who provide their data, has released a report showing that Venmo is now beating cash from ATMs as a preferred transaction mechanism for millennials. A Rubiix report on...

Australia's CommBank sees surge in mobile payments

New data from Commonwealth Bank in Australia reveals customers are increasingly reaching for their smartphones instead of their wallets at the checkout, with user growth up 35 percent in the past six months, according to a press release. With five...

Fiserv to acquire ATM-related units of Elan Financial Services

Rumors of the sale of all or part of Elan Financial Services were resolved today with the announcement by Fiserv Inc. that it will acquire the debit card processing, ATM managed services and MoneyPass surcharge-free network of the U.S. Bancorp-owned...

Real-time payments initiatives on the rise worldwide

Deployments of real-time payment systems are surging worldwide, according to new research from FIS. In its fifth annual Flavors of Fast report, FIS identifies 40 active real-time payment programs worldwide, up from 25 in 2017, and nearly three times as...

Paytm reportedly tests facial recognition for mobile wallet

India's Paytm is testing facial recognition feature that will enable consumers to unlock the payments feature associated with the popular mobile wallet platform, according to a report from The Economic Times. The company also reportedly plans to enable consumers to...

Study: Gen Z prefers in-store shopping over online

While e-commerce may be exploding, a new Profitect survey claims 42 percent of Gen Z shopers (those ages 18-22) like hitting a retail store versus an online store and just 23 percent prefer online only. "Our survey of Gen Z...

Study: US consumers prefer cash over plastic for small-ticket items

For purchases of less than $10, American consumers still prefer folding money. The tipping point for plastic is around the $25 mark, according to new research from CreditCards.com. The company found that 45 percent of U.S.

Elavon acquires Virginia-based fintech company

Merchant processing provider and U.S. Bancorp subsidiary Elavon has acquired Electronic Transaction Systems, a Virginia-based fintech. According to a press release, the acquisition will allow Elavon to integrate payment processing into ETS software, for a safe and easy access to...

Missouri congressman drafts data breach notification bill

Missouri Congressman Blaine Luetkemeyer is crafting a bill to legislation that would clarify and codify the obligations of financial companies to report data breaches, according to a report by Bloomberg Law. This is a second attempt by Luetkemeyer to draft...

Visa notes progress with US EMV transition

Visa released June EMV statistics showing that the network continues to make progress on EMV migration in the U.S. According to a Visa press release: Card counterfeit fraud losses have been reduced 75 percent at EMV-enabled merchant locations since the...

Alipay, WeChat crack down on crypto purchases

Ant Financial and Tencent are taking measures to monitor cryptocurrency transactions on their popular mobile wallet platforms in light of the Chinese government's recent crackdown on cryptocurrency-related fundraising and trading activities. Tencent last week released a statement highlighting the measures...

Australian payments industry ramps up fight against CNP card fraud

The Australian Payments Network, also known as AusPayNet, has announced the start of an industry consultation on a new framework to accelerate the fight against online card fraud. The announcement coincides with the release of the latest card fraud data...

Study: Consumers double adoption of retailer mobile apps

As mobile shopping continues to grow, consumers are downloading retailers' mobile apps at double the rate of years past and conducting more in-app purchases, according to new findings from Synchrony. Some 67 percent of consumers have downloaded a retailer's app,...

KeyBank to enhance banking products with MasterCard's AI product

MasterCard and KeyBank have announced the bank will now use MasterCard Decision Intelligence, a security product that uses artificial intelligence to make more informed authorization decisions, according to a press release. This will enable KeyBank to increase the accuracy of...

Ohio debuts mobile-enabled lottery card

The Ohio Lottery has debuted a mobile-enabled Lottery Card that lets consumers buy and play Powerball and Mega Millions. Blackhawk Network and Linq3 Technologies Inc. are responsible for the digital lottery option, according to a press release. Ohio is among...

Consumers fret over fintech apps' security

Nearly one-third of U.S. banking consumers use online and mobile apps for money management, but many worry about the privacy of their data used in these apps and want more control over what can be accessed, according to a new...

Samsung Pay celebrates 3 years

Samsung Electronics celebrated the third anniversary of the launch of Samsung Pay — on Aug. 20, 2015, in South Korea — with the announcement that the mobile wallet has produced 1.3 billion transactions globally. The company used the occasion to...

Study: UK consumers want higher contactless limit

New research from GoCompare in the U.K. reveals that 42 percent of contactless payment users would like to see the limit for transactions increased, according to a press release about the report. Some 38 percent of users believe the contactless...

Study: Mobile merchant transactions to help drive financial inclusion

A new Juniper Research study forecasts that the use of mobile devices to make retail and store payments will act as a driver for financial inclusion of the unbanked in emerging markets. The research predicts mobile merchant transactions by unbanked...

Diebold Nixdorf reportedly up for grabs with NCR as possible buyer

Diebold Nixdorf Inc. has engaged Credit Suisse and Evercore to advise the company on a potential sale, according to a report from CNBC quoting people "familiar with the matter." The report said that talks are still in the early stages,...

Study: UK consumers prefer email to communicate with card issuers

Email is U.K. cardholders' most preferred means to communicate with their credit card providers, but concerns remain before issuers can deliver a consistent customer experience in that channel.

US Payments Forum eyes contactless cards as the next big thing

The U.S. Payments Forum has released its Summer 2018 Market Snapshot, which looks at the status of the U.S.

Study: Brits carrying more cash thanks to online banking outages

Technology is great … until it isn't. It's a fact that Brits who bank online have discovered.

Bitcoin ATM operator Coinsource blows past 200 locations

Bitcoin ATM operator Coinsource has added 17 new machines in Florida, lifting the company past the 200-machine mark and expanding the company's presence in the state from its current footprint of five machines in Jacksonville. A company press release said...

Study: Consumers unsure about biometric payments

Consumer security concerns could jeopordize the future of biometric payments, which are otherwise poised for growth, according to a new report from secure network provider Transaction Network Services. Vital Insights into Biometric Payments Adoption, an independent report commissioned by TNS...

Millennials not so keen about credit cards

People age 29 and younger are 93 percent more likely to have a negative opinion of credit cards than people age 59 and older, according to new research from Wallet Hub. One completely unsurprising reason for these contrasting points of...

Apple Pay touches 1B Q3 transactions

Apple CEO Tim Cook gushed about the company's mobile-payment service during a Q3 earnings call Tuesday as Apple Pay saw some 1 billion transactions in the quarter. That figure is triple the amount from March 2017, according to Cook.

Study: Blockchain deployments to save banks more than $27B annually by 2030

A new study from Juniper Research has found that blockchain deployments will enable banks to realize savings on cross-border settlement transactions of more than $27 billion by the end of 2030, reducing costs by more than 11 percent per on-chain...

Study: Apple Pay to lead contactless payments surge among mobile wallets

Contactless payments will exceed the $1 trillion mark for the first time in 2018, a year earlier than expected, according Juniper Research. In 2020, in-store contactless payments will reach $2 trillion, or 15 percent of all point-of-sale transactions, the fintech...

Visa study touts digital's importance to small merchants

Visa and a consortium of industry organizations have released Digital Transformation of SMBs: The Future of Commerce, a look at the opportunities and challenges faced by small and medium size business owners in an increasingly digital world. The report provides...

ACH Network Q2 payment volume increases more than 6%

ACH debit and credit transactions totaled more than 5.7 billion in the second quarter of 2018, a 6.2 percent increase when compared to Q2 2017, according to NACHA, The Electronic Payments Association. NACHA said the percentage increase represents one of...

Snapchat to end mobile P2P service

Snapchat will discontinue a mobile person-to-person payment feature in the popular messaging app as of Aug. 30, according to a report from TechCrunch.  "Snapcash was our first product created in partnership with another company – Square," a Snapchat spokesperson told TechCrunch.

Study: Consumers still wary about security with mobile banking, payments

Nearly 6 in 10 consumers pay bills on line, but half of this group have concerns about the security of doing so, according to Expectations & Experiences: Consumer Payments, a new consumer survey from Fiserv Inc. Further, consumers are interested...

KeyBank launches instant payment product with Ingo Money

KeyCorp announced today the launch of its instant payment product with Ingo Money. Through Ingo Push, Ingo Money's turn-key push payment platform, KeyBank business clients can disburse guaranteed funds in real-time, according to a press release. Ingo Money enables businesses,...

Study: Walmart shoppers more likely to chose Apple Pay over Walmart Pay

Walmart shoppers who use Apple Pay, and have a mobile payment preference, are twice as likely to choose Apple Pay over Walmart Pay, according to research from Auriemma Consulting Group's Mobile Pay Tracker. Auriemma noted in a press release that...

Kount to review fraud survey results in exclusive webinar

Kount's Fraud Prevention Industry Benchmarks survey was launched to assess how those involved in card-not-present fraud prevention rank when it comes to chargebacks, manual reviews, and false positives. Results from the survey unearth insights from industry peers about performance related...

BofA trumpets success with Erica, Zelle

Bank of America has announced that Erica, its artificial intelligence-driven virtual financial assistant, now has more than 2 million users. According to a press release, this is more than double the number of customers using the technology less than a...

Study: UK adults seek innovative, digital payment experiences from their banks

Online security and fraud prevention are top of mind with U.K. adults when it comes to bank services with 60 percent of them wanting 'peace of mind' when using cards online, according to a survey from YouGov and Ondot. The...

IBM studies data breach impact

IBM Security has released a global study examining the full financial impact of a data breach on a company's bottom line. The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee...

District of Columbia eyes bill to stymie cash bans at restaurants

Lawmakers in the nation's capital are weighing in on the growing trend among some merchants — mainly restaurants — of refusing cash payments. Council members representing the District of Columbia have introduced a bill that would require establishments to accept...

Bluefin, NCR expand POS payment security

Bluefin and NCR are working together to improve NCR's clients' experience by providing Bluefin's PCI-validated point-to-point encryption security product to merchants and retailers using NCR's Counterpoint Retail product to process payments through NCR Secure Pay. The companies said in a...

US consumers seek brand transparency on AI

Two out of three Americans are somewhat familiar with artificial intelligence with 32 percent feeling positive toward the technology but a good majority, 81 percent, expect companies to be transparent on how they're using it. Those findings, from Rich Relevance’s...

Study: Consumers base brand choices on the customer experience

A survey of 8,000 adults in France, Germany, the U.K. and the U.S. indicated that more than three-quarters (77 percent) of consumers have chosen a product or service from a company because of good experiences they had with it. Conversely,...

UnionPay brings QR code mobile payments to North America

UnionPay International is partnering with Bank of China (Canada) to enable all Foodymart stores in Canada to accept UnionPay QR code payment, according to a press release. Some food and beverage merchants in California, have recently started accepting UnionPay QR...

Study: Apple Pay to reach 200M users by 2020

The global number of mobile contactless users will exceed 760 million by 2020, up from an estimated 440 million in 2018, according to a new study from Juniper Research. It forecasts OEM Pay services, including Apple Pay, Samsung Pay and...

Study: Consumers more satisfied with banking, card apps

Customer satisfaction with banking and credit card apps has increased in the past year as more customers adopt digital as their primary interaction channel with their providers. According to a pair of new studies by J.D. Power — the 2018 U.S.

Study: Banks, billers, merchants see benefits to real-time payments

Eighty-six percent of banks, 82 percent of billing organizations and 78 percent of merchants expect to see improvements in their customer service as a result of real-time payments, according to a new report, 2018 Global Payments Insight Survey: Cross-Vertical. The...

Study: mPOS devices to account for almost 25% of POS transactions by 2023

A new study from Juniper Research has found that the adoption of mPOS devices connecting wirelessly or via mobile devices, such as those from iZettle and Square, will drive annual mPOS transactions to over 87 billion by 2023. This will...

UK debit card use surpasses cash for first time thanks to contactless, digital payments

The popularity of contactless payments, online shopping and smartphones is having a significant effect on how U.K. consumers manage money and pay for things, leading to debit cards overtaking cash as the most used payment method in region, according to the latest research from U.K.

Rakuten scoops up mobile order-ahead specialist Curbside

Rakuten Inc. has reached across the Pacific Ocean from Japan to acquire Curbside, a California-based company that specializes in mobile order-ahead technology for retailers and restaurants, according to a press release. The companies did not disclose details of the deal....

Study: Payment choice might influence how consumers book flights

How travelers book and pay for trips may be influencing their decisions on what services to use, according to survey results from OAG, a global provider of digital flight information. OAG asked travelers which modern payment options they would be...

Study: Consumers seek more payment options at unattended terminals

Some 70 percent of consumers want unattended terminals to accept both card and cash payments and a significant number are willing to use wearable devices or digital wallets at these locations, according to a survey of U.S., U.K. and Australian...

UK small businesses increase acceptance of mobile payment apps

New research commissioned by Verifone shows how U.K. small and medium enterprises are modernizing their businesses to deal with the huge demand from a digitally-savvy society, according to a press release about the study. The independent report, conducted by Verve...

Retailers, payments companies join forces on new security-focused trade group

Retail and payments industry stakeholders have formed a new association, the Secure Payments Partnership, to promote security across the payments system. According to a press release, SPP marks the first time that interests representing diverse parts of the payments system...

Study: Women more likely to use cash

On a worldwide basis, women typically use cash 6 percent more often than men, according to a consumer payments survey by data and analytics company GlobalData. According to a press release, the company found that the majority of survey participants...

Study: Consumers expect certain features from bank apps

A new survey from mobile app developer WillowTree has found that consumers are looking to bank brand apps for specific features and value that enhance their experience with the brand. Even more importantly, according to WillowTree, meeting these expectations has...

Study: Consumers balk at emerging payment options over security concerns

Consumer concerns about data security and privacy are hampering the move to emerging payments, according to Lost in Transaction: Payment Trends 2018, a report from Paysafe, a provider of payment products. Of more than 5,000 consumers polled for the study:...

Bank Customer Experience Awards accepting entries through June 15

Through Friday, June 15, Networld Media Group is accepting entries for the annual Bank Customer Experience Awards competition. The awards honor financial institutions and fintech providers whose unique strategies and technologies are heightening the consumer experience in four categories: Best...

Visa European outage makes for some fun Twitter chatter

Visa made a compelling (and ironic) case for cash over the weekend, when the network when down over a large swath of Europe and the U.K. on Friday just before the lunch hour. The VisaNewsEurope Twitter account reported that: We...

Kount, Mobile Payments Today seek input from online retailers for fraud survey

The growth of mobile and online commerce has led to an increase in card-not-present (CNP) fraud. CNP fraud mitigation techniques often include strategies to decrease chargebacks, reduce false positives, minimize manual reviews and more. As such, Kount and Mobile Payments...

Visa makes strategic investment in Latin American mobile payments company YellowPepper

Visa last week announced a strategic investment in YellowPepper, a mobile payments company in Latin America, to help accelerate innovation in digital payment technology. Visa said the YellowPepper investment is the first such one for it in the region and...

UK payments community asks for revisions to open banking access

The Emerging Payments Association in the U.K. has written to the Open Banking Implementation Entity calling for the organization to amend the terms of the Competition and Markets Authority’s framework so emerging payments organizations can realize the potential of open...

EMVCo moves to promote global interoperability with QR codes

EMVCo, the global technical body that manages the EMV specifications, has created a QR Payment Mark to promote global interoperability across EMV QR-code payments, according to a press release. EMVCo has developed reproduction requirements and a free licensing structure to...

Nuggets testing blockchain-based e-commerce mobile app

Nuggets, an e-commerce payments and ID platform, has opened up its mobile app Alpha to iOS users. Nuggets uses blockchain technology to enable consumers to make e-commerce payments, log in to services, and verify their identities without having to share...

Survey: Starbucks tops mobile loyalty apps with consumers

In what is probably not a surprise to anyone, Starbucks' mobile app is the most popular among several well-known restaurant loyalty rewards apps, according to a new survey from The Manifest. The Manifest, which is a business news and how-to-guide...

Facebook joins FIDO Alliance board of directors

The FIDO Alliance announced Facebook has been appointed to its board of directors, according to a press release. With this appointment, Facebook joins other leading global technology, financial services and e-commerce board members in driving the alliance's strategic vision to...

Study: Merchants worldwide believe real-time payments will eventually eliminate plastic cards

Nearly 80 percent of global merchants believe real-time payments will replace the use of payment cards over time, according to new benchmark data from ACI Worldwide. The benchmark, comprised of responses from executives across the retail, digital goods, hospitality, telecom...

PayPal, Visa expand strategic partnership into Canada for digital, mobile payments

Visa and PayPal are expanding their strategic partnership in Canada to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in Canada, according to a press release. The two companies are already collaborating...

Juli Spottiswood to lead new holding company focused on payments industry

Syncapay, a new holding company focused on high-potential payments products, has launched with the backing of Bain Capital Ventures, Silversmith Capital Partners, MissionOG, Nyca Partners and Juli Spottiswood as chairman and CEO, according to a press release. The organization will...

UK organization assumes operation of payments systems

The U.K.'s New Payment System Operator has assumed the operational responsibility for the Bacs and Faster Payments systems, which process a combined £6.3 trillion (US$ 8.5 billion) worth of payments annually, according to a press release. The organization said the...

UK consumer groups want transparency with open banking plans

The U.K.'s leading consumer groups have joined forces to publish a Consumer Manifesto for open banking, making clear to policymakers and product providers the standards and priorities that are needed to make open banking work for consumers, according to a...

Study: Mobile payment users unlikely to recommend the Pays

Consumers might be using mobile wallets from Apple, Google and Samsung more these days, but that doesn't necessarily mean they're recommending the products to friends and family, according to a study from Auriemma Consulting Group. Auriemma found that while Apple...

Barclays, PayPal form pact over digital payments

Barclays has announced a strategic partnership with PayPal that is designed to enable customers to manage and use their Barclays and PayPal accounts together with greater ease, for the first time, according to a press release. Barclays said the partnership...

Get listed in the 2018 Mobile Wallet Comparison Guide

Mobile Payments Today is preparing the 2018 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in this guide. Please note the guide is meant for mobile wallets that consumers can use in multiple locations and not limited to a single retailer.

EMV card issuance, transactions topple 50 percent worldwide

By the end of 2017, 54.6 percent of all cards issued globally were EMV-enabled, and the number of EMV payment cards in circulation worldwide stood at 7.1 billion — an increase of 1 billion year over year, according to data...

Swift works toward real-time payments service in Asia-Pacific region

Swift, a global member-owned cooperative and provider of secure financial messaging services, has joined forces with a group of Swift-affiliated banks from Australia, China, Singapore and Thailand to develop a unique cross-border real-time payments service in the Asia-Pacific region, according...

Study: Few businesses cope well with emerging technology

Many company leaders believe they are prepared for the upheaval that accompanies emerging technologies. However, few businesses are coping well with the changes that have occurred already, according to a study by West Monroe Partners, a business and technology consultancy....

Certain Swedes rebel against a cashless society

In Sweden, there's a name for it: Kontantupproret.

Another data breach revealed, this one affecting Sears and Delta

The payment data of Sears, Kmart and Delta Air Lines customers may have been compromised in a cybersecurity attack on a software service provider. The breach, which happened in late September 2017 at [24]7.ai, was resolved on October 12 the...

Study: 2.1B consumers worldwide set to use a mobile wallet in 2019

A new Juniper Research study has found that nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up by nearly 30 percent on the 1.6 billion recorded at the end...

Uncertainty remains over Panera Bread data breach

Panera Bread might have accidentally leaked millions of customer records, according to a story published Monday by Brian Krebs, a former reporter for The Washington Post, on his website, Krebs On Security. The article said that the breach had been...

BitPay closes extended $40M Series B Round

BitPay has closed a $40 million extended Series B funding round, which brings its total raised capital to over $70 million, according to a press release. New investors in BitPay include Menlo Ventures, Capital Nine, G Squared, Nimble Ventures (an...

Mobile payments set to reach $4.5B market value by 2023

Data from Allied Market Research suggests that the mobile payment market will expand at a compound annual growth rate of 33.8 percent from 2017 to 2023, to reach a market value of $4.574 billion. AMR attributes its growth projections to...

Canadians overwhelmingly pivot to cards over cash

Like their American counterparts, Canadians are becoming card-first buyers, with nearly 8 in 10 (79 percent) going to that payment method first when making a purchase, according to a national study by payments and POS provider Square. Additionally, 41 percent...

US consumers relying less on cash, especially millennials

New research from Capital One suggests that cash use is on the wane in America. Only 4 in 10 (41 percent) of those surveyed for the research said they carried cash regularly, while 1 in 4 (25 percent) said they...

Study: Swedes prefer cash remain as payment option

Approximately 68 percent of Swedes want cash to remain a payment option in the future, compared with 25 percent who want a completely cashless society, according to results of a survey commissioned by Bankomat AB. The remaining 7 percent of...

Smartwatches poised to get their moment with consumers

Worldwide shipments of wearable devices is on track to grow 15.1 percent in 2018, totaling 132.9 million units over the course of the year, according to an IDC report. The overall market is also expected to deliver a compound annual...

The Church of England enables contactless payments through partnerships with iZettle, SumUp

The Church of England is making contactless, virtual terminal and SMS mobile payments available throughout England to make transactions easier for its congregations, according to a press release. Through partnerships with iZettle and SumUp, the Church of England will offer...

Regulations push card acceptance in emerging, developed markets

Card-accepting merchant outlets rose by 7 million in 2016 to 61 million, according to a recent research report from RBR, "Global Payment Cards Data and Forecasts to 2022." Double-digit growth was reported across Asia-Pacific, central and eastern Europe and the...

Study: Consumers seek self-service kiosks at fast casual, QSR chains

Self-serve kiosks are catching on with customers, according to Tillster's Self-Service Kiosk Index. In the last three months, 18 percent of fast casual and QSR customers surveyed have used a self-service ordering kiosk, but 60 percent said they would visit...

Millennials lead mobile banking charge, study says

No surprise here: Millennials lead the way in adoption of mobile banking, at 47 percent, while boomers lag at 23 percent. However, millennials are also the fastest to jump ship due to a frustrating user experience, according to a study...

Study: US consumers might be willing to pay for better mobile payments experience

Younger consumers are more willing to pay for a better mobile payments experience, according to a new report from Worldpay. Some 37 percent of U.S. consumers would be happy to pay more for a product or service if the mobile shopping experience is better, according to the Worldpay study.

Amazon reportedly in talks with big banks for branded checking accounts

Don't say you weren't expecting it … Amazon reportedly is in talks with a number of banks — including JPMorgan Chase and Capital One — about establishing an Amazon-branded consumer checking account. A story at CNN.com cited a Wall Street...

Study: Online card payments set to more than double by 2022

The number of card payments made online worldwide is set to jump from 29 billion in 2016 to 70 billion in 2022, according to RBR's annual survey of global payment cards. The RBR analysis reveals that the total number of...

Visa numbers show major EMV inroads

Visa has published EMV chip card statistics for December, and they show that the technology has made major inroads since the company's first liability shift went into effect in October 2015. Between September 2015, one month before the shift, and...

Study: Consumers tend to prefer third-party apps over FI offerings

Malauzai Software, a provider of mobile and internet solutions for community financial institutions, has released its Monkey Insights trend report on internet and mobile banking use based on January data for more than 400 banks and credit unions. The data...

Report: Acquirers struggling to raise merchant PCI compliance rates

ControlScan, a company that specializes in managed security and compliance products that help secure networks and protect payment card data, has released a research report detailing findings from its most recent payments industry survey of acquirers, ISOs, processors and payment...

14 companies join Visa's Ready for Transit program

Visa has signed 14 new technology companies, from across 10 countries, as part of its Visa Ready for Transit program, according to a press release. The program works with companies whose technology products are accelerating commuting with contactless payments, which...

Study: China, India help boost total mobile banking users worldwide

Some 2 billion consumers will access retail banking services via smartphones, tablets, PCs and smartwatches in 2018, up 10 percent from 2017, according to a Juniper Research report. The new research, Retail Banking: Digital Transformation & Disruptor Opportunities 2018-2022, found...

Study: Cash use dips in the UK as debit purchase continue rise

This year in Britain, debit cards will surpass cash as consumers' preferred method of payment — especially in cities. This is according to data from U.K. Finance — cited in a report by the Guardian — that says the percentage of purchases made with cash fell from 62 percent to 40 percent within the 10-year span between 2006 and 2016. U.K.

US Payments Forum provides merchants, issuers guidance on digital wallets

The U.S. Payments Forum has released a new white paper meant to help merchants and issuers understand the key factors and considerations for developing a mobile or digital wallet strategy, according to a press release on the paper. "For merchants...

Synchrony Financial makes strategic investment in Payfone

Synchrony Financial has announced a strategic investment in Payfone, which provides identity authentication for digital channels. The investment is one of several made recently in the mobile and authentication space by the venture capital team of Synchrony, Synchrony Ventures, according...

Study: Consumers not grasping chatbots' purpose

While artificial intelligence and chatbots are clearly proving useful for retailers when it comes to improved customer enagement and experience, consumers are not quite big fans. A PointSource study reveals that while consumers are getting familiar with AI, there remains...

Study: Consumers find themselves engaged with mobile banking apps

Of adults in the U.S. who use a smartphone, 63 percent have at least one financial app installed, and the average smartphone user has 2.5 financial apps, according to a new report from Bankrate.com. Among millennials (18–37-year-olds), the average number of financial apps is 3.6.

Study: Identity fraud rises as criminals move online from brick-and-mortar retailers

The number of identity fraud victims has increased by 8 percent (rising to 16.7 million U.S. consumers) over the last year, a record high since Javelin Strategy & Research began tracking identity fraud in 2003, according to a press release...

Study: Canadian merchants stand to save billions from modernized payments system

Canadian merchants would greatly benefit from a more modernized payments system in the country as a new study revealed this week that delays in processing and a lack of data and transparency in payment messaging create a number of inefficiencies...

BofA, Citi ban cryptocurrency purchases via credit cards

The two largest U.S. banks, JPMorgan Chase and Bank of America, have announced that they will no longer allow cryptocurrency purchases on credit cards they have issued. The ban went into effect on Saturday and includes personal and business credit cards, according to multiple media reports.

Study: Consumers continue to adopt mobile P2P services

More than three-quarters (78 percent) of young adults age 18–34 use person-to-person payment services such as PayPal, Venmo, Google Wallet and Facebook Messenger. Of these, more than half (58 percent) use a P2P service at least once a month, and...

Adyen nabs eBay processing deal; PayPal stays on as checkout option

PayPal's time as eBay's primary payments processor will come to an end in a couple of years as the popular online marketplace has signed an agreement with Adyen. PayPal will continue to be a payments option at checkout for eBay...

Study: Consumers not keen on AI

While the retail segment is embracing artificial intelligence, the consumer is still a bit leery and not fully understanding the technology, according to a PointSource study. Consumers are a bit confused about how chatbots work and so aren't fully embracing...

Amex buys AI-focused travel assistant app

American Express earlier this week acquired Mezi, a personal travel assistant app, that helps consumers plan and book trips, according to a press release. The Mezi app enables travelers to message requests for flights, hotel or restaurant reservations, and provides...

Volusion enables Apple Pay for merchant partners

Volusion, an all-in-one e-commerce platform on the market built specifically for the needs of small businesses, announced it is bringing Apple Pay, with the addition of a Buy Now button, to its merchants and their customers, according to a press...

Zelle moved $75B in funds through network in 2017

Early Warning Services announced that the Zelle person-to-person network saw $75 billion in funds moved throughout the system that connects several major banks, according to a press release. Early Warning said the $75 billion was an increase of 36 percent...

Relx Group acquires ThreatMetrix for $817M

Relx Group has entered into a definitive agreement to acquire the entire issued share capital of ThreatMetrix for a consideration of £580 million (US$817 million) payable in cash. ThreatMetrix is an authentication company headquartered in San Jose and founded in...

Study: Consumers find aesthetics important for mobile banking apps

Banks have plenty of incentive to drive greater digital engagement. A study by Bain found that each call or visit to the bank from a customer comes at a cost of $4 to the FI.

Tender Greens latest QSR to go cashless

Tender Greens is going cashless by Jan. 29, according to an open letter published on its website. "To continue paying our team members a living wage, partnering with incredible farmers and ranchers who grow with integrity, and using high-quality ingredients...

Stripe will no longer process bitcoin transactions come April

As cryptocurrencies continue to show volatility in the market, transaction processor Stripe has decided to stop supporting bitcoin payments for small businesses on April 23. Stripe's Tom Karlo made the announcement in a blog post earlier this week. "Over the...

American Airlines continues cashless push at ticket counters

American Airlines is going cashless at Miami International Airport. This means that any fees paid at check-in — say, for a checked bag — will have to be charged to a debit or credit card. Miami International joins airports in...

Report: Banks, fintech could gel better in 2018

The convergence of mobile platforms, APIs, machine learning and faster payments systems will require an unprecedented level of cooperation between payments industry participants, according to 2018 Outlook: Payments, a free report from Mercator Advisory Group. "Fintechs should still be considered...

Starbucks tests cashless store in downtown Seattle

Starbucks has gone cashless at one location in downtown Seattle as the coffee giant experiments with a growing trend among fast casual chains in the U.S. The Seattle Times first made the discovery and reported that Starbucks is testing the concept at only one store.

States seek protections for FIs dealing with legal cannabis industry

A bipartisan group of state attorneys general is urging Congressional leaders to enact legislation that would allow marijuana dispensaries to participate in the U.S. banking system. In a letter, AGs from Alaska, California, Colorado, Hawaii, North Dakota and the District...

Study: US banks ready to invest in mobile payments

A new report from the payment strategies team of the Federal Reserve Bank of Boston provides insights into the state of mobile banking at financial institutions. Key findings from the 2016 Mobile Banking and Payment Practices of U.S.

MoneyGram partners with Ripple to increase payment speeds

Ripple, a provider of the enterprise blockchain product for payments, has partnered with MoneyGram to pilot XRP in their payment flows. As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia. MoneyGram will...

TSYS completes Cayan acquisition

TSYS has completed its acquisition of Cayan, a payment technology company focused on integrated payment products and merchant acquiring. Cayan and TSYS' existing merchant businesses will be combined under the TSYS brand, which is intended to accelerate TSYS' position as...

Study: Retailers see sales increase from mPOS deployment

A new study reveals retailers deploying in-store mobile in a successful fashion are projected to enjoy upwards of 146 percent sale growth in 2018. The research, from managed mobile services provider Stratix in partnership with IHL Group, noted success is...

Vantiv stakeholders officially approve Worldpay purchase

At a special meeting, stockholders of Vantiv Inc. voted to approve all proposals necessary for Vantiv to acquire Worldpay Group PLC and create Worldpay Inc. "We are pleased that Vantiv stockholders have approved this transaction," said Charles Drucker, Vantiv president and CEO and incoming WorldPay Inc.

MasterCard, HERE to work on the connected car experience

MasterCard and HERE Technologies announced this week at the Consumer Electronics Show an agreement to jointly create more connected experiences for people on the move in their vehicles, according to a press release. Under the agreement, the two companies will...

BBVA touts digital banking milestone in Spain

BBVA announced recently that it reached what it considers an important milestone in its continued drive toward technology-focused banking, with a key digital tipping point reached in Spain. In October, the bank in Spain passed the 50 percent mark in...

Fed report: Credit, debit card volume continues to rise

The Federal Reserve System has released early results from its 2017 annual update of the Federal Reserve Payments Study, which contains new estimates of trends for selected core payment instruments (excluding cash) from 2015 to 2016. The results are based...

Study: UK consumers more likely to use proximity mobile payments than US counterparts

The future of mobile payments appears more bright in the U.K. than the U.S.

Study: Merchants to benefit from Europe's PSD2 initiative

Retail companies could become the new face of everyday financial transactions once the Revised Payments Services Directive, known as PSD2, goes into effect in the European Union in January, according to research from Accenture. PSD2 requires banks to grant third-party...

Thales to acquire Gemalto for $5.6B

After previously rejecting an offer from Atos to buy the company, digital security tech firm Gemalto has agreed to an offer from Thales in a deal worth $5.6 billion. Thales said in a press release that the Gemalto acquisition continues...

TSYS buys Cayan in $1B deal

TSYS has entered into an agreement to acquire Boston-based Cayan, a payment technology company focused on integrated payment products and merchant acquiring, in an all-cash transaction valued at approximately $1.05 billion, according to a press release. "The acquisition of Cayan...

Payment card use grows worldwide

The number of card payments worldwide increased 14 percent in 2016, to 310 billion, though card numbers grew at a significantly slower rate of 8 percent. This indicates that consumers worldwide are increasingly choosing cards to make purchases, according to...

Report: Credit card rewards, online transfers thrive in Canada

While social media payments have yet to hit the mainstream in Canada, a new trade association report believes the increased collaboration between new-entrant fintechs and Canadian financial institutions suggests a new level of convenience for banking and payments is on...

Submit your entry for the annual Mobile Retail App Comparison Guide

Mobile Payments Today is preparing its second annual Mobile Retail App Comparison Guide. This guide will be the definitive resource for retailers' mobile apps and their capabilities. The point of this report is similar to that of our annual Mobile...

Study: UK consumers wary of sharing data with banks as services increase

Despite the banking industry's efforts to embrace innovation, consumers in the U.K. remain wary about sharing their data, according to a recent survey by NCR Corp. The survey of more than 1,000 U.K.

Study: UK consumers keen on raising contactless payments limit

Nearly half (48 percent) of U.K. shoppers would like to customize their contactless card transaction limit, or would like to the ability to do so, according to research from Paymentsense. For those shoppers wanting a customizable limit, just over a...

Norwegian banks mark their territory with payments

Norwegian banks are banding together to fight off global competition in the payments space, according to a report from Reuters. DNB, Eika and Sparbank 1 Gruppen will lead a group of banks that will combine their payment units to better...

Study: Consumers not happy with chatbots

While a good number of consumers, 72 percent, say online chat interaction makes for a more loyal customer and nearly a third will use chatbots, the experience is not very fulfilling. Just 15 percent of consumers are happy with chatbot...

Fraudsters set for busy Black Friday

With online purchases poised to exceed those in physical stores this holiday season, Black Friday 2017 could be the busiest day ever for cyberattacks on retailers, according to digital ID provider ThreatMetrix. This week, the company released its Q3 2017...

PayPal launches domestic operations in India

PayPal has launched operations in India at a time when more Indian consumers are using mobile wallets as the government continues to push a cashless society. At launch, Indian consumers can use PayPal to shop online at some of India's...

ATMIA trumpets cash's importance during holiday season

Withdraw Cash Wednesday, an ATM Industry Association-backed campaign to promote consumers' use of cash during the holiday shopping season, is officially underway in the U.S., according to a report from ATM Marketplace, a Mobile Payments Today sister publication. According to...

Study: Real-time payment programs rise worldwide

Global adoption of real-time payment programs by financial institutions is picking up speed, according to new research from FIS. In its fourth annual Flavors of Fast report, FIS identified 25 active real-time payment programs around the world, up from 19...

Study: Online banking preferred channel in US, Canada

Online banking has become the preferred way for North American consumers to access their banking services, with two-thirds (65 percent) using online banking at least weekly, according to a new Accenture study. Based on a survey of 1,500 consumers in...

Remitly raises $115M in new funding round

Digital remittance company Remitly has agreed to raise up to $115 million in Series D funding, subject to applicable third party and regulatory approvals. The Series D financing will be led by Naspers' fintech investment division PayU, a global online...

Study: Invisible payments like Amazon Go can help retailers grow revenue

A new Juniper Research report reveals smart store technologies will spur over $78 billion in annual transaction revenue in the next five years. These technologies, such as Amazon Go and what the report describes as "invisible payment" tech, are ideal...

Contactless uptake in UK dooms charity cash donations

The switch to contactless cards in the U.K. comes at a cost to the beneficiaries of charity, a new study shows.

Alipay comes to Las Vegas, NYC taxis

Verifone and Alipay have announced the extension of their existing global partnership to Verifone Taxi Solutions, according to a press release. Through the agreement, Chinese consumers traveling in New York and Las Vegas will be able to pay for taxis...

Baby boomers edge millennials on cybersecurity awareness, but not by much

This may come as an awful shock, but a study by First Data has found that older adults pay more attention to cybersecurity than younger adults. But vastly more attention? No, according to a report from ATM Martketplace, a Mobile...

MasterCard works with India state to advance cashless society

MasterCard is working with the state government of Andhra Pradesh, India to make this particular region of the country a cashless society and a smart city, according to local reports. MasterCard and Andhra Pradesh signed a two-year memorandum of understanding...

BBVA touts 15M-plus mobile banking users

BBVA announced Monday it now has more than 15 million active mobile banking users. BBVA said the number of customers using mobile as their preferred way to access the bank's services has grown by more than 40 percent in the...

Study: Global digital payments volumes on the rise

Global digital payments volumes are predicted to increase by an average 10.9 percent through 2020, reaching nearly 726 billion transactions, according to Capgemini's World Payments Report 2017 (WPR 2017). The report estimates that volumes generated by emerging economies will grow...

Study: Cyber Monday set to overtake Black Friday as bigger shopping day

Tired of crowds, long lines and seeking more convenience, consumers are expected to shop more on Cyber Monday this holiday season than on Black Friday. One big reason is that consumer expectations are at an "all time high," according to...

MasterCard, PayPal expand partnership outside US

MasterCard and PayPal are significantly expanding their longstanding partnership into Europe, Canada, Latin America and the Caribbean and the Middle East and Africa that's meant to enhance customer choice, optimize the consumer experience and make MasterCard a clear payment option...

Study: Mobile banking helps consumers become more financially aware

The average consumer uses mobile banking an average of seven days per month (more than 10 days per month for millennials), according to Citibank's first mobile banking study. Eighty eight percent of consumers are mobile banking at home — on...

Study: Consumers OK with IoT payments, but want control over purchase

Nearly half of consumers in the U.S. polled for a Worldpay survey said they would feel comfortable with a connected device, such as a refrigerator, ordering items on their behalf, according to a press release from the company about the...

Study: Consumers not keen on facial ID for payments

A new survey by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology, according to a press release. Contactless payment users consider...

Europeans lead charge with mobile banking, payments, according to Visa survey

The uptake of mobile devices to manage money, conduct banking and make payments is greater than ever in Europe as 77 percent of Europeans now use their mobile devices to keep track of their finances and make everyday payments such...

Consumers more comfortable with nonfinancial providers for bill pay, money transfers

A substantial number of consumers are comfortable using nonfinancial providers for essential activities such as paying bills, transferring money to others and taking out loans, according to the latest consumer trends survey from Fiserv. The survey also found notable adoption...

Report: Ant Financial pushes forward with MoneyGram approval

Ant Financial is not giving up its desire to purchase MoneyGram as the China-based financial services company reportedly plans to resubmit an application to acquire the money transfer firm, according to a report from Reuters. The Committee on Foreign Investment...

Bitcoin's value nosedives as Chinese regulators apply pressure

BTCChina, a major Chinese bitcoin exchange has announced that it will stop all new user registration and trading on Sept. 30 due to increasing regulatory pressure from the Chinese government. The result of this announcement, in conjunction with the Chinese...

NRF demands better response to data breaches with federal law

Citing the recent breach at Equifax, the National Retail Federation and other industry associations have sent a letter to Congress insisting that any legislation concerned with data breach notification should apply to all industries that handle consumer data. "To protect...

Australian companies to provide 2-way bitcoin transactions at traditional ATMs

DigitalX Ltd., and Stargroup Ltd. have inked joint venture agreement to provide a two-way ATM solution for buying and selling bitcoin. DigitalX is a Perth, Australia-based blockchain technology and advisory company providing services to facilitate the launch of new financial...

Bitcoin value drops on news of Chinese exchange shutdown

Between Thursday and Friday last week, Bitcoin value dropped 7.3 percent following reports that Chinese regulators were forcing the shutdown of that nation's virtual currency exchanges. By noon Friday, the currency had rallied somewhat, making up about 3 percent of...

Get listed in the 2017 Mobile Wallet Comparison Guide

Mobile Payments Today is continuing to prepare the 2017 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in this guide. Please note the guide is meant for mobile wallets that consumers can use in multiple locations and not limited to a single retailer.

U.S. Bank harnesses power of Alexa for everyday banking transactions

U.S. Bank customers can now check an account balance, make a payment on their U.S.

Fed publishes next steps for improving US payments system

The Federal Reserve has published Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey.

Study: Mobile payments reach tipping point in some countries

Mobile wallet adoption is on the rise globally, and the U.S. and Europe are catching up with fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to new benchmark data from ACI Worldwide and Aite. The research shows that 17 percent of U.S.

Study: Proximity mobile payments to reach $49.2B in 2017

The value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017, up 78.1 percent from last year, according to a study from eMarketer. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9 percent in 2021.

Barclaycard reflects on 10 years of contactless payments in the UK

Barclaycard marked the 10-year anniversary of launching contactless payments in the U.K. last week with figures that show how the technology has benefited consumers and merchants. Over the past decade, more than 60 billion pounds ($78.1 billion) has been spent...

Study: Merchants face gaps with payment security compliance

Findings from the Verizon 2017 Payment Security Report demonstrate a link between organizations being compliant with the Payment Card Industry Data Security Standard and their ability to defend themselves against cyberattacks, according to a press release. Of all payment card...

US consumers ready for digital driver's license

The majority of the U.S. public is ready for the traditional driver's license to go mobile, according to a consumer survey from Radius Global Market Research and MorphoTrust USA. Overall findings from the survey include: Eighty percent of respondents are...

Juniper forecasts rapid rise in uptake of contactless payments

A new study from Juniper Research has found more than half (53 percent) of global transactions at the point of sale will be contactless within five years, compared with 15 percent this year. POS & mPOS Terminals: Vendor Strategies, Positioning...

Europe's SIX Payment Service touts trend toward cashless events

SIX Payment Services, one of Europe's largest card transaction processors, is assisting events organizers across Austria, Belgium and the Netherlands to go cashless this year. The trend toward cashless events is growing, and includes sporting competitions, music festivals, food and...

Apple, PayPal take stand against white supremacy groups

Apple and PayPal have each taken steps to distance themselves from the idea that they support the activities of organizations that support white supremacy in the aftermath of events in Charlottesville, Virginia. Apple has pulled Apple Pay support from websites...

Urban FT proposes offer to acquire troubled Digiliti Money

Urban FT, a provider of white-label digital banking applications for bank and non-bank issuers, has made a bid to acquire the recently troubled mobile app tech firm, Digiliti Money Group, according to an Urban FT press release. New York-based Urban...

Cash use in Canada expected to fall 70 percent by 2030

By 2030, cash will account for only 10 percent of purchases in Canada, according to a prediction by Moneris Solutions Corp., a Canadian card processor. This compares with 35 percent of transactions in 2014, a company press release said. This...

Walmart leaps ahead of Amazon with Scan & Go

Walmart is getting the jump on Amazon to make checkout lanes obsolete as the world's largest retailer is rolling out a mobile app that enables to scan and pay for items without the need to wait in line, according to...

Coinbase reaches unicorn status in latest funding round

Coinbase has officially become the first bitcoin "unicorn" as the wallet provider has raised $100 million in Series D funding to reach a valuation of $1.6 billion. "Coinbase experienced unprecedented growth over the last year, and we have now exchanged...

Vantiv, Worldpay reach merger agreement

The boards of directors of Vantiv Inc. and Worldpay Group PLC have reached agreement on the terms of a recommended merger of Worldpay with Vantiv and its subsidiary, Vantiv UK. This combination will result in the creation of a global...

Monitise board recommends acceptance of Fiserv acquisition terms

The boards of Fiserv UK Ltd. and Monitise PLC have agreed to the terms of an increased and final recommended cash offer for Monitise. The announced deal increases the initial offer by Fiserv, which some Monitise shareholders thought was too...

Study: Most mobile app users hesitant to give info when signing up

Mobile app users are concerned about the security of their information when they register for a new app, according to a new survey conducted by B2B research firm Clutch. Nearly 90 percent of respondents said security of personal information shared...

EMVCo releases QR code payment specs

EMVCo, the global technical body that manages EMV specifications, has released QR code payment specifications that support use cases for both merchant- and consumer-presented QR codes. The technical documents define QR code payments in a manner that simplifies the development...

Domino's makes using Alexa to order pizzas even easier

Domino's Pizza is expanding the Amazon Alexa ordering platform added last year to include customized ordering without customers needing to have a saved account or previous order history, a news release said. "Now it's as simple as asking Alexa to...

Study: Nearly 6 in 10 large corporations considering blockchain deployment

Nearly six in 10 (57 percent) large corporations are either actively considering, or are in the process of deploying, blockchain technology, according to a new study by Juniper Research. Almost 400 company founders, executives, managers and IT professionals responded to...

Study: US consumers more concerned about fraud than a terrorist attack

Nearly half, 44 percent, of U.S. consumers rate identity theft and banking fraud as their top concern, according to FICO's latest consumer finance trend research. The figure, according to a press release, is more than double compared to those who...

Visa, Marqeta form pact to drive new commercial and consumer payments experiences

Visa and Marqeta, the open API payment card issuing platform, have announced a multi-year, global partnership to drive further innovations in commercial and consumer payments, according to a joint press release. Additionally, Visa has made a strategic investment in Marqeta...

Report: Online payment fraud detection spend to hit $9.3B by 2022

Spending on online fraud detection and prevention products will hit $9.3 billion by 2022, an increase of 22 percent over this year's anticipated spend, according to a new Juniper Research study. The research reveals perceptions of high software costs, alongside...

Faster Payments Task Force releases final report

Faster Payments Task Force Unveils Proposals and Sets 2020 Target The Faster Payments Task Force, which was created in 2015 and led by the Federal Reserve, has published its final report summarizing its accomplishments. The report details 10 possible approaches...

ANZ now boasts 4 mobile wallet connections with Samsung Pay addition

ANZ bank announced its customers in Australia can now use Samsung Pay to make purchases wherever contactless payments are accepted, according to a press release. The introduction of Samsung Pay marks the fourth mobile payment service ANZ offers its Australian...

Large retailers tune out bitcoin acceptance

Bitcoin is now accepted at only three of the top 500 online merchants, down from five from last year, according to a report by Bloomberg. Retailers might be turning down bitcoin due to scaling challenges and slow and costly transactions;...

Study: UK consumers begin to prefer smartphones for mobile shopping

The smartphone will soon blow past the tablet in the U.K. when it comes to mobile shopping, with smartphones grabbing 51.5 percent of spend next year. The big reason is consumers are loving smartphones more than tablets and using them more, according to the new GlobalData research.

Voice-controlled devices playing bigger part in consumer purchasing

Just about one in three shoppers will make a purchase through a voice-controlled device in the next year, and nearly one in five, 19 percent, made a voice purchase in the past year. Those statistics, according to the latest Walker...

Americans become comfortable with biometric ID

Not so long ago, it was widely assumed that Americans would never take to fingerprint ID, given their general distrust of anything even vaguely Big Brother-ish. But this attitude has undergone significant change recently for a variety of reasons ranging...

UK adults plan to take control of personal data as regulation looms

Nearly half (48 percent) of U.K. adults plan to activate new rights over their personal data, according to a poll of 2,000 U.K.

Vantiv sets sights on Worldpay in potential $10B deal

Cincinnati-based payment processor Vantiv has agreed in principle to acquire Worldpay, a British rival in the processing world, for $10 billion, according to statements from both companies. Worldpay revealed Tuesday that it had received offers from both Vantiv and JPMorgan...

CanPay expands marijuana mobile payments to Oregon

CanPay, which calls itself the first legitimate debit payment product for the cannabis industry, has announced its availability to dispensary owners, customers and patients in Oregon's recreational and medical cannabis marketplaces, according to a press release. Dispensaries in the state...

Safaricom plans upgrade to M-Pesa

Safaricom announced that over the next three weeks it will conduct a major upgrade of the popular M-Pesa platform, according to a press release from the company. This will be the third major upgrade since M-Pesa's launch 10 years ago,...

Study: Nearly 1 in 3 merchants can't identify international transactions

While merchants have made a lot of progress when it comes to mobile security, they have a long way to go in order to minimize fraud risk, with 28 percent of merchants still not able to identify whether a mobile...

Denmark, Singapore regulatory bodies unite on fintech cooperation

The Monetary Authority of Singapore and the Danish Financial Supervisory Authority have signed a fintech cooperation agreement which aims to help fintech companies in Singapore and Denmark to expand into each other's markets, according to a press release. Representatives from...

Study: Banks lag with payments strategy

Eighty-seven percent of respondents to the American Bankers Association first-time payments survey indicated that their bank does not have a formal payments strategy. Of these, only 46 percent have plans to develop one. "While we're concerned that many banks don't...

Study: Retailers set to lose $71B in CNP fraud in next 5 years

New Juniper Research data reveals retailers stand to lose $71 billion globally from fraudulent card-not-present transactions over the next five years, according to a press release. The research found that a number of factors, such as the U.S. shift to...

Study: Indian consumers increasingly rely on mobile banking

A recent study from financial services technology leader FIS shows a dramatic increase over the past year in the use of mobile devices and other digital banking channels by consumers in India, demonstrating the extent to which country’s demonetization efforts...

Report: Worldwide spending on the IoT could to reach some $1.4T in 2021

Worldwide spending on the Internet of Things is expected to grow 16.7 percent year-over-year in 2017, reaching just over $800 billion, according to a new report from from IDC. By 2021, global IoT spending is expected to total nearly $1.4...

Fiserv announces offer to acquire Monitise

Fiserv has reached agreement on the terms of a recommended cash offer to acquire Monitise, according to a press release. The acquisition is expected to accelerate Fiserv's digital strategy and the development of a next-generation digital banking platform for leading...

FIS touts arrival of new digital demographic: 'Gen MX'

New research from financial services technology provider FIS reveals the emergence of "Gen MX," a segment of higher-income Gen Xers and older millennials who share strikingly similar banking behaviors and digital preferences. For its third annual Performance Against Customer Expectations...

Visa expands global network of providers to drive IoT payments

Visa has signed 13 new partners to participate in its token service provider program, according to a press release. The company said that it has built out a global network of partners to offer secure, digital payment token services and...

Study: Consumers find payments more mobile, and personal

Consumers are paying more bills from mobile devices and making more person-to-person payments while starting to venture into digital wallets, according to a new study from Fiserv. Faster payments continue to be important to consumers, with 76 percent saying it...

EMV cards in circulation worldwide top 6B

Official figures from aggregated data published by technical body EMVCo show that, by the end of 2016, the number of EMV payment cards in global circulation increased 1.3 billion year over year to a new total of 6.1 billion, according...

Report: Apple, Xiaomi lead the way in wearables

The worldwide wearables market maintained its upward trajectory during the first quarter of 2017 with Xiaomi and Apple leading all companies and multiple products, experiencing double- and triple-digit growth, according to a new report from IDC. Companies shipped a total...

Account takeover, application fraud rising fast, study finds

Two of the largest challenges facing financial institutions are identity-related, according to the new Aite Group Impact Report, Financial Institution Fraud Trends: ATO and Application Fraud Rising Rapidly. Application fraud and account takeover fraud threats were initially fueled by the...

Vodafone transfers 35 percent interest in Safaricom to Vodacom

Vodafone Group PLC announced earlier this month that its wholly owned subsidiary, Vodafone International Holdings B.V., has agreed to transfer part of its indirect shareholding in Safaricom Ltd. to Vodacom Group Ltd., its sub-Saharan African subsidiary. Based on the agreed...

Contactless retail payments to top $1T worldwide by 2019

New data from fintech analysts at Juniper Research forecasts that the global value of contactless transactions made via payment cards, mobile devices and wearables, will reach $1.3 trillion by 2019, more than doubling from an estimated $590 billion in 2017....

Payment card use sees double-digit global growth in 2016

Global card purchase volume for goods and services (excluding cash advances on credit cards and cash withdrawals on debit cards), grew 5.8 percent to $20.606 trillion in 2016, according to a press release from The Nilson Report. UnionPay debit cards...

WorldRemit grows US footprint to 47 states

WorldRemit is expanding its service in the U.S. to allow 40 million migrants living in the states to send money directly from their mobile phone to the mobile phones of more than 112 million cell phones in the developing world—with...

Millennials likely to bail on banks, card companies in case of false declines

Iovation, a provider of device-based consumer authentication and fraud prevention solutions, has released findings from its study of the effects of false declines on the consumer. The survey, conducted in partnership with research and advisory firm Aite Group, polled nearly...

Prevalence of mobile banking creates 'rich opportunities' for fraudsters, study says

As smartphones increasingly become an indispensable financial tool for consumers' financial lives, their value to fraudsters has risen accordingly, reveals a new study by Javelin Strategy & Research. Although mobile malware has yet to become a pervasive threat in western...

Personal experience, mobile shopper insight are retailer priorities

In a quest to provide a more personal experience, and better understand the mobile consumer, retailers are increasingly focused on new tools and strategies to achieve both goals. A new report states identifying customers and providing a personalized experience is...

Survey: Consumers embrace biometric authentication

It's long-accepted wisdom that the American masses will resist biometric identification as an intrusion into their privacy. However, the uptake of Apple Touch ID and subsequent biometric technologies for unlocking mobile devices seems to have effectively won over those masses...

Canadian bank pulls payments-only app in favor of Apple Pay, Samsung Pay

CIBC in Canada has bucked a recent banking trend and pulled its mobile-payment app from the Google Play Store because third-party mobile wallets have become more popular. CIBC continues to offer its mobile banking app, however. "Our recent launches of...

ACI Worldwide expands relationship with Alipay

ACI Worldwide, a global provider of real-time electronic payment and banking products, has expanded its relationship with Alipay to enable merchants across Europe, the Middle East and Africa to accept Alipay payments from Chinese shoppers. "The Alipay platform has a...

Industry bodies want to standardize mobile transit ticketing

Industry association GlobalPlatform has published a technical document that details the service management process to deliver transport ticketing securely on mobile devices, according to a press release. Designed in collaboration with the Smart Ticketing Alliance and the GSMA, the document...

Consumers eager to use electronic pay options

A new study reveals more than a third of Americans and Europeans are happy to trade cash for electronic payment options and 20 percent have already made the switch. The insight, from a eZonomics survey conducted by Ipsos, also notes...

ATM, branch, mobile, online ... or all of the above?

Digital channels notwithstanding, branches still have a significant effect on customer satisfaction across all age groups, according to the J.D. Power 2017 U.S.

Consumers love mobile browsing but mobile purchasing not so much

Delays in website load times are a prime reason today's mobile shoppers aren't purchasing via a mobile device as much as they are using the device for product search and browsing. In fact, while half of consumers tap smartphones for...

Ripple gains 10 customers in financial industry

Ripple, a blockchain payments provider, has gained 10 customers in the financial industry: MUFG; BBVA; SEB; Akbank; Axis Bank; Yes Bank; SBI Remit; Cambridge Global Payments; Star One Credit Union; and eZforex.com. Several of the banks have been using Ripple's...

Social network payments reach $3T in China

A new UN study reveals that Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a twentyfold increase in the past four years. The data shows that digital payments, using existing platforms and networks, provide...

Call for entries: Bank Customer Experience tech awards

Networld Media Group now is accepting entries for awards to be presented during the Bank Customer Experience Summit, Sept. 18–20, at the Sofitel Chicago Magnificent Mile. Networld is seeking entries from innovative, consumer-focused financial institutions and fintech providers whose branches...

Big IoT adoption on horizon, claims new report

Seven in 10 retailers will be investing in Internet of Things technologies as a way to improve customer experience, according to the newly released 2017 Retail Vision Study from Zebra Technologies. The report claims nearly 70 percent of retail decision...

Experian: US e-commerce fraud increases as EMV acceptance grows

Delaware, Oregon, and Florida were the top-ranked states for billing and shipping e-commerce fraud in 2016, according to a new report from Experian. Both Oregon and Delaware saw an increase in e-commerce billing fraud attacks of more than 200 percent....

US ACH transaction volume sees 1.3B year-to-year growth

New statistics from NACHA-The Electronic Payments Association show that ACH transaction volume in 2015 grew to more than 24 billion electronic payments, an increase of 1.3 billion payments (5.6 percent) over 2014 volume. This marks the second consecutive year in...

Report: Mobile contactless users to reach 150M in 2017

The number of OEM-Pay contactless users, including Apple Pay, Samsung Pay, and Android Pay, will exceed 100 million for the first time during the first half of 2017 before surpassing 150 million by the end of this year, according to...

Adyen revenues skyrocket in 2016

Adyen, a global payment processor, has announced that its 2016 revenue surpassed $700 million, up from $365 million in 2015, according to a press release. The news follows Adyen's previous disclosure that it processed $90 billion in transactions in 2016,...

Demise of Softcard affected NFC SIM shipments in 2016

While the global NFC picture presents an expanding ecosystem, consumer uptake of SIM-based mobile payments has been lower in recent years than expected, according to a new report from the SIMalliance on 2016 global SIM shipments. The organization said that...

Chicago’s Metra Electric Line to remove cash-only ticket kiosks

Chicago's Metra Electric Line is getting rid of the last of its cash-only ticket kiosks as more passengers choose credit card machines or the Ventra app to buy tickets, according to dnainfo.com. The Metra Electric Line, the last line to...

Study: Consumers take a liking to mobile ATM access

A new survey by marketing research firm Phoenix Synergistics has revealed that a "surprising number" (17 percent) of ATM users have already accessed their accounts with a mobile device rather than an ATM card. Not surprisingly, the Optimizing Self-Service Banking...

IoT and its promise to change the customer journey faces one big hurdle

The Internet of Things boasts big potential for the customer experience, the customer journey, digital commerce and companies striving to better understand their customers. But security issues remain a big obstacle when it comes to IoT delivering on all its...

Some US banks lack awareness of faster payments initiatives

A survey of 430 financial institutions in the western part of the U.S. revealed low awareness and adoption of faster payments products, according to a press release . The survey by WesPay, a trade association for electronic payments compliance and...

AI may one day be the modern bank teller

A new Accenture survey reveals four in five bankers believe artificial intelligence will be the prime channel for customer interaction by the year 2020. The technology, according to a New York Post report, will "revolutionize" how banks get data and how banks interaction with customers.

Study: Cellular IoT device growth will hit 530M by 2022

New Berg Insight research predicts cellular Internet of Things device shipments will hit 530.1 million by 2022, with an annual growth rate of 22.7 percent. That's a healthy jump from 155.6 million units shipped in 2016, noted a press release...

CIBC rated best in Canada for mobile banking

Surviscor, a firm that provides analysis and ranking for Canadian digital customer experiences provided by service firms, has released its 2017 Canadian mobile banking ratings. CIBC took first place in this year's ratings, edging out National Bank for the top...

Australian banks lose decision on Apple Pay

The Australian Competition and Consumer Commission has issued a determination denying authorization to the Commonwealth Bank of Australia, Westpac Banking Corp., National Australia Bank, and Bendigo and Adelaide Bank to collectively bargain with Apple and collectively boycott Apple Pay, according...

Starbucks to dedicate new store to mobile orders

Following its recent issues with mobile order and pay at some of its busiest locations, Starbucks next week will open a store inside its Seattle headquarters that will be dedicated to such orders . The coffee giant made the announcement...

Study: Consumers receptive to chatbots

A majority of consumers are comfortable talking with a chatbot yet only a fraction have engaged with one, according to the 2017 Mobile Consumer Report from Vibes. In addition to under-indexed chatbot use, Vibess fourth annual Mobile Consumer Report uncovered...

Starbucks touts recent mobile success

Starbucks executives recently addressed the company's worldwide digital strategy, which includes its popular mobile app. CTO Gerri Martin-Flickinger and China digital VP Molly Liu said during the company's 25th annual shareholders meeting that Starbucks offers the largest and most robust...

Report scrutinizes state of RDC

More than 2,600 U.S. financial institutions have gone live with mobile deposit within the last two years, resulting in an estimated 80 million retail users, according to a new report from Celent, State of Remote Deposit Capture 2017: The Final...

Retailers eager to embrace IoT, automation high on investment list

Retailers are hungry for Internet of Things technology with 70 percent of decision makers ready to make changes to adopt IoT and 65 percent planning to invest in automation for inventory management by 2021. Such technologies, according to Zebra Technology's...

Industry bodies align to standardize on-device NFC service management

ETSI, GlobalPlatform and the NFC Forum have detailed a standardized approach to implementing and managing NFC services across all technologies and platforms, according to a press release. The shared work initiative explains how to ensure that NFC services successfully coexist...

ICX Association extends entry deadline for annual Elevate Awards

ICX Association extends entry deadline for annual Elevate Awards

Nomination deadline for the Association's annual awards has been extended to April 3.

Smart Card Alliance reveals new name and focus

The Smart Card Alliance, a nonprofit long known for its advocacy of smart card technology, is expanding its charter to include a broader range of security and privacy-enhancing technologies. Reflecting its expanded mission, the Smart Card Alliance is changing its...

UK, Japan to support fintech efforts

The Financial Services Agency of Japan and the Financial Conduct Authority in the U.K. have exchanged letters for a cooperation framework to support innovative fintech companies in each country, according to a press release. The exchange of letters will provide a regulatory referral system for "innovator businesses" from Japan and the U.K.

Study: Mobile banking apps might need more customer support

Thirty percent of U.S. adults would feel comfortable using a voice-activated conversational interface provided by their bank or credit union to pay a bill or make other banking transactions by speaking to this interface and providing verbal instructions, according to...

Bankers will spend more on CX this year, reveals report

The banking industry is planning to expand spend on customer experience initiatives with more than half boosting the CX budget, according to a new Computer Services survey. Nearly half of the 160 bank leaders polled, 47 percent, will be tapping...

Study: Consumers show affinity for mobile rewards

New data from the Auriemma Consulting Group Mobile Pay Tracker survey suggests that transaction-based incentives may provide the nudge needed to get higher frequency and spend through mobile payments, according to a press release. The online survey of 1,505 U.S....

PayPal, Starbucks top consumers' mobile payments preferences, study says

New mobile research from Parks Associates shows that nearly 20 percent of U.S. smartphone users have used a mobile payment app at a retail location, according to a press release about the report. The report, 360 View: Mobility and the...

Study: Digital wallets increasingly interest consumers worldwide

Digital wallets continue to gain prominence in smartphones and laptops and dominate the global discussion of new ways to pay, with a mention rate of 75 percent in the 2017 edition of the MasterCard Digital Payments Study. At the same...

MasterCard launches directory to help customers with digital payments

MasterCard has launched its Digital Vendor Directory, a compilation meant to provide more options for MasterCard customers seeking digital payments services and products, according to a press release. The company said it developed the directory to help customers identify vendors...

Study: Consumers believe mobile wallet data is secure

Consumers worldwide are more concerned about protecting their financial and payments information stored on a computer than they are about protecting the same data stored in a mobile wallet, according to a new study from ACI Worldwide and Aite Group....

Mobile Payments Today seeks editorial contributors, bloggers

Mobile Payments Today is seeking editorial content in 2017 from industry thought leaders in the form of contributed articles and blog posts. We're looking for high-level thought leadership pieces that are free of a marketing pitch. Submissions should be between...

Fujitsu tech links smartphone biometrics to IoT devices

Fujitsu Laboratories has developed a technology that enables the use of cloud services through IoT devices through the biometric authentication functionality of smartphones and near field wireless functionality, according to a press release. Fujitsu said that the technology, which adheres...

IBM gets serious about IoT

IBM aims to drive collaborative innovation with dozens of clients and partners with the opening of its new $200 million global headquarters for its Watson Internet of Things business in Munich, Germany. IBM will work with companies such as Avnet,...

Survey: Big opportunity for retailers embracing chatbot technology

Retailers have big potential for boosting customer satisfaction and driving better overall customer loyalty if they embrace chatbots and text messaging. That's the finding of a new OpenMarket survey that polled 1,500 mobile users in the U.S. and U.K.

Apple Pay leads the way in merchant acceptance

Apple Pay can boast the highest merchant support of all mobile wallets currently on the market, according to a report from Boston Retail Partners. Apple Pay is accepted by 36 percent of U.S. merchants, followed by PayPal at 34 percent,...

Report: 20B connected devices by 2020

Gartner Inc. forecasts that 8.4 billion connected things will be in use worldwide in 2017 — up 31 percent from 2016 — and will reach 20.4 billion by 2020. Total spending on endpoints and services will reach almost $2 trillion...

Mobile wallet spend expected to rise in 2017

Global mobile wallet spend is expected to rise nearly 32 percent this year to $1.35 trillion, according to a new Juniper Research study. The report, "Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts," says spending via mobile is concentrated...

Whole Foods, Duane Reade popular with Apple Pay users

When it comes to where Apple Pay credit card transactions are happening most, retailers Duane Reade and Whole Foods are first and second place respectively, according to a new TXN data analysis insight. Canteen Vending, Peet's Coffee & Tea and Firehouse Subs fall in line behind Whole Foods.

Mobile Payments Today publishes new mobile app guide

One of the bigger trends to emerge in 2016 was how payments became a larger focus for retailers as they attempt to keep customers within their app for the entire shopping experience. To that end, Mobile Payments Today is proud...

Amazon Payments finds success with mobile purchases

In 2016, 32 percent of Pay with Amazon transactions came through a mobile device, Amazon announced Tuesday in a press release. Overall, more than 33 million customers have used Amazon Payments to make a purchase.

Visa-branded chip card total tops 408M in 2016

The number of Visa chip cards issued as of the end of 2016 grew 92 percent over year-end 2015, to a total of 408.1 million, according to a company blog post this week. The San Francisco-based company also said that...

Ant Financial to buy MoneyGram for $880M

MoneyGram, a global provider of money transfer services, and Ant Financial Services Group, parent company of the global mobile payment platform Alipay, have entered into a definitive agreement under which MoneyGram will merge with Ant Financial in a deal worth...

Report: 469M Chinese consumers used mobile payments in 2016

Chinese consumers continue to flock to mobile payments as some 469 million citizens used the payments method in 206, up 31.2 percent from the previous year, according to a study from the China Internet Network Information Centre. The organization contributed...

Customer loyalty requires a retail transformation, reveals IBM study

New IBM research reveals retailers must transform fast if they hope to inspire customer loyalty as consumers are busy shopping on their phones, online and in stores. While nearly all Generation Z shoppers, 98 percent, still hit brick-and-mortar retailers, more...

Alipay expands in-store mobile payments to North American retailers

Alipay has announced the expansion of its in-store mobile lifestyle and payments service to the North American retail market, enhancing the shopping and travel experience of Chinese consumers visiting the U.S. and Canada, according to a press release. In time for the Chinese New Year, which this year falls on Jan.

Mobile POS provider iZettle completes funding round

Mobile point-of-sale provider iZettle has raised 60 million euros ($63 million) in funding and appointed a new chief financial officer, Maria Hedengren, according to a company press release. The latest round of funding comprises equity from existing investors in a...

The mobile banking dilemma: Android platform leads Apple iOS for better — and worse

Statista, a provider of quantitative research tools and statistics, has published its rankings of computer operating system vulnerabilities. The No. 1 most vulnerable OS doesn't even rate a drum roll, since the world already knows it's Android. The platform comes...

Bitcoin’s price gains pull along other virtual currencies

Bitcoin's recent price surge has pulled along other cryptocurrencies with it, according to figures from CryptoCompare, reported MarketWatch. Ark Invest, an investment management firm with virtual currency holdings, and Ethereum, a virtual currency, have been among the winners. Chris Burniske,...

Shoppers are loving mobile messaging apps, claims new study

Retailers may want to consider bolstering mobile messaging communications with consumers as a new study reveals 51 percent of messaging users view it more immediate and 48 percent consider it less annoying than voice communications. The key to grabbing consumer...

Europe embraces mobile payments, but isn't ready to oust cash

Across Europe, consumer adoption of mobile banking, shopping and payments is gaining momentum, according to a new study by the European financial institution ING. The report, "ING International Survey – Mobile Banking 2016," shows that 47 percent of mobile device...

Mitek, American Cancer Society make collecting check donations a snap

The American Cancer Society has integrated Mitek Mobile Deposit and MiSnap technology into its mobile fundraising app for iOS and Android platforms. According to a press release, the app is used by tens of thousands of participants in the American...

Bitcoin on the rise again

Bitcoin's price topped $1,000 on Monday for the first time since 2013, marking a comeback that could see it gaining further acceptance, according to CBS News.  The price of a bitcoin rose to $1,008, short of the $1,125 peak hit in late 2013, but a vigorous rebound from its three-year low of $210 in January 2015.

Retailers embracing mobile but conversion rates sluggish

More retailers are embracing mobile and are making mobile device sales a priority in the new year. Yet retailers are struggling to convert mobile device users, who tap smartphones for browsing, into bonafide shoppers, according to a new Shopgate study....

Credit, debit payments continue upward trend in US

Credit and debit (including prepaid and non-prepaid) card payments continued to gain ground in the payments landscape, accounting for more than two-thirds of all core non-cash payments in the U.S., according to a Federal Reserve study of U.S. non-cash payments....

Report: India mobile wallet market on the rise

The India mobile wallet market is forecast to reach $4.4 billion in transactions by 2022, with a CAGR of over 148 percent during 2017-22, according to a new report from Research and Markets. India has already become the world's second...

Brits continue to rely on contactless payments

Contactless payments in Great Britain continue to increase; a new report from Barclaycard shows year-over-year spending is up 166 percent from a year ago. Barclaycard based its findings on a study of 2,001 adults conducted Sept. 23–26 by Opinium Research.

PayPal chases India's Paytm with copyright suit

PayPal is moving forward with a copyright infringement lawsuit against mobile wallet provider Paytm, claiming that the India-based company's color scheme and logo are too similar to its own. PayPal said in the lawsuit, which the company filed last month...

Trade group releases new specs for NFC devices

The NFC Forum has announced the availability of three adopted and one candidate technical specifications, following approval by the board of directors. The specifications are available on the NFC Forum website. Significant enhancements to these specifications include the addition of...

Study measures mobile banking uptake among FIs

Malauzai Software, a provider of mobile and Internet banking SmartApps for community financial institutions, has released its annual research into mobile app use at 8,004 FIs across the U.S. According to a press release, the research found: the number of...

IoT revenue on the rise

Internet of Things revenue is projected to spike big time next year, growing 116 percent and hitting the $2 billion dollar mark. The top activity, according to MachNation’s "IoT Application Enablement Platform ScoreCard for 2016," is within the smart homes,...

42 pct. of card-present transactions worldwide now EMV-compliant

EMVCo, the technical body that manages EMV specifications, has published transaction data detailing year-over-year growth in the volume of card-present payments using EMV chip technology. The data shows that from July 2015 to June 2016, 42.4 percent of transactions globally...

AmEx chimes in with EMV delay at US fuel pumps

Visa, MasterCard, Discover … and now American Express has announced it will extend the effective date of its EMV fraud liability shift for U.S. fuel merchants by three years to October 2020. According to a press release from the company, "The extension will give U.S.

PayPal adds partnerships with Citi, FIS

PayPal has announced separate deals with Citi and Fidelity National Information Services as extensions of partnerships the company recent signed with Visa and MasterCard. Details of the Citi agreement: Citi will be a launch partner with PayPal to enable Citi...

Cash still king with mass transit riders

Cash is the prevalent method of payment for mass transit riders across the U.S. and is viewed as the most secure payment method, as well, according to new data from ACI Worldwide. The company's 2016 Mass Transit Payments Survey, based...

ABA advisory outlines cyberthreats targeting payments players

A new advisory from the American Bankers Association offers information and recommendations to help merchants, payments processors and others mitigate cyberexploitation tactics, techniques and procedures. Many of these TTPs have been observed by members of the Financial Services Information Sharing...

European regulators lay foundation for mobile instant payment products

As tasked by the Euro Retail Payments Board, the European Payments Council has finalized the framework for pan-European instant payment solutions. The SEPA Instant Credit Transfer scheme paves the way for innovative payment products in euros — for example P2P...

Payment card acceptance sees sizable uptick in 2015

The number of card-accepting merchant outlets worldwide rose more than 7 million in 2015 to 54 million, according to "Global Payment Cards Data and Forecasts to 2021," the latest research from RBR. The report notes that growth was especially strong...

2016 sees a rapid uptick in mobile wallet uptake

According to recently released findings from the Capital One Wallet Survey, nearly one quarter (24 percent) of consumers are using mobile wallets in some capacity, while 16 percent are using their mobile wallet to make purchases. Of the 24 percent...

Shipments of NFC-ready POS terminals to surpass 16M in 2016

The market for NFC-ready POS terminals continues to show strong momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million units worldwide, according to a new report from analyst firm Berg Insight. The attach rate for NFC...

IoT will spur mobile going forward, reveals study

Mobile will continue to grow in North America and a prime factor is the advancement of IoT adoption, specifically machine-to-machine and general digitalization of services and industries. That's the focus of a new GSMA Intelligence study which predicts almost 41...

US Payments Forum broadens focus on mobile payments

The U.S. Payments Forum has formed a Mobile and Contactless Payments Working Committee to explore the opportunities and challenges, identify possible approaches, and develop practical implementation guidance and best practices for the variety of mobile and contactless payments product being...

Mobey Forum puts its finger on the biggest risk in mobile banking

What's the biggest risk in mobile banking? Surprise, surprise: human fallibility. That's according to a new report from the risk mitigation workgroup of Mobey Forum, a global industry association. In addition to device and software vulnerabilities, banks must remain vigilant...

Consumers eager to adopt mobile payments, survey finds

Consumers are more eager to adopt mobile wallets than businesses realize, according to "Future of Money," a global survey and report by NTT Data Inc., a business and IT services provider. The study, conducted with Ingenico ePayments, Oxford Economics and...

Study: Millennials, Gen Xers prefer mobile coupons over paper

Millennials and Gen Xers prefer to use mobile technology to redeem coupons, according to the results of Vantiv's latest ShopTalk survey. Vantiv contracted Socratic Technologies to survey 500 consumers about their experience and preferences redeeming offers, as well as their...

Report: Millennials are risk-averse regarding mobile payments

There is an "unexpected" level of risk aversion among millennials when it comes to mobile pay, with one in four having ceased making mobile payments due to security concerns, according to the "The Millennial Influence," a report examining the payments...

Online retail a big focus for holiday shoppers, reveals survey

At least half of holiday shoppers are intending to buy gifts online this year, according to the annual Deloitte holiday survey on consumer spend and trends. The survey, which polls more than 5,000 U.S consumers, reveals shoppers will spend 47...

FIDO Alliance links with EMVCo to develop new security standards for mobile payments

FIDO Alliance, the industry consortium developing open, interoperable authentication standards, announced this past week that it will work with EMVCo to add convenience and security to in-store and in-app EMV-compliant mobile payments, according to a press release. The FIDO Alliance...

Study: Consumers believe banks lag behind with fintech

Sixty percent of Americans believe banks are failing to keep up with their needs in today's connected world, and nearly as many (57 percent) believe traditional financial institutions, as we know them, will cease to exist within their lifetime, according...

Study: Consumers have doubts about mobile payment security

The great majority (88 percent) of consumers would discontinue using digital payments if they personally fell victim to cybercrime as a result of a data breach, according to a new report from Thales and Wakefield Research. Wakefield conducted the email...

Study: Mobile payments awareness grows, cash use declines

Sixty percent of consumers in North America use cash at least weekly to make purchases at a merchant location, down seven percentage points from 2015 – the most significant decline in use of traditional payment methods over the past year,...

Survey: Majority of Americans use mobile deposit at least monthly

Within the past year, 1 in 3 Americans deposited a check using a mobile device, according to new research by the American Bankers Association. Of those who said they used mobile deposit, 62 percent reported using it at least once...

Europeans embrace mobile payments

The number of European consumers regularly using a mobile device — whether a smartphone, tablet or wearable — to make payments has tripled in the past year, according to Visa's 2016 Digital Payments Study. Some 54 percent of consumers surveyed...

Court allows merchants to proceed with EMV case against card networks

District Court Judge William H. Alsup has denied the credit card networks' motions to dismiss B & R Supermarket, Inc., et al.

Study: Mobile shopping and purchasing have become the norm worldwide

Mobile shopping and purchasing have become the norm across the globe as 75 percent of smartphone and tablet users said they have purchased a product or service on their devices in the past six months, according to new report from...

Study: Blockchain adoption moving rapidly in banking, financial markets

Companies in the banking and financial markets are rapidly adopting commercial blockchain products, and faster than initially expected, according to two new IBM studies. Fifteen percent of banks and 14 percent of financial market institutions interviewed by IBM intend to...

Discover tops Mastercard, Visa as planet's most-accepted payment card

The number of card-accepting merchant locations worldwide grew 15 percent in 2015 to 54 million, research and consulting firm RBR says in a new report. According to "Global Payment Cards Data and Forecasts to 2021," the rapid expansion was largely...

NFC the 'next evolution' in payments, report says

A new report by Aite Group predicts that, as EMV becomes the standard, NFC will rise up as the next evolution in global payments. view larger The report, "EMV and NFC: U.S. Merchant Implementation Status, 2016," seeks to quantify merchant implementation of EMV after the U.S.

Major banks launch global payments steering group

Ripple, a provider of financial settlement solutions, has announced that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard...

Study: Major rise in card payments by 2021

Last year, the number of card transactions grew nearly twice as fast as the number of new cards, at 15 and 9 percent, respectively, according to the new study, "Global Payment Cards Data and Forecasts to 2021," by RBR. The...

Mobile-only bank Zero raises $2.5M in funding

Zero, a mobile banking startup, announced it has raised a $2.5 million in seed round funding led by ENIAC Ventures, with New Enterprise Associates, Nyca Partners, Lightbank and Middleland Capital, according to a press release. Zero's mobile banking experience is...

Study: Nearly 6 in 10 US adults now bank by mobile at least once a month

More than half of Americans use a mobile device to manage their bank account at least once monthly, and more than one-third do so more than three times per month, according to a new survey by the American Bankers Association....

Non-EMV merchants see 77 percent rise in fraud cost, study says

MasterCard has published data updating its progress on chip implementation in the U.S. and its impact on issuers, merchants and consumers. According to a company press release, 88 percent of MasterCard U.S.

Study: Venture capital blockchain investment through June approached $300M

A new study from Juniper Research has found that the total value of venture capital investment into blockchain technologies and Bitcoin companies totaled $290 million in the first six months of the year with more than 30 startups receiving funding...

Mobile banking now only trails online banking as consumers' preferred method

Mobile banking is now Americans' second most popular banking method trailing only online banking, according to newly released research by the American Banking Association. This year's results show a marked increase in mobile banking popularity compared with the association's 2014...

BofA finds mobile wallets represented less than 1% of all transactions in July, but up from last year

Bank of America has published its most recent Consumer Spending Snapshot. Here are a few key findings from the July data: Overall spending and trends overall spending per active account remained flat year over year, however transaction volumes per active...

Report: Indian mobile wallet provider set to raise $300M in new funding

India-based mobile wallet provider Paytm is reportedly raising some $300 million in new funding to bring its estimated valuation to $5 billion, according to a report from Bloomberg. Taiwan's MediaTek Inc is at the front of the new funding round, along with some other companies, according to the report.

Razormind to launch 2 blockchain banks in Europe

Razormind, a blockchain software company, has announced plans to construct two blockchain banks in Europe, one in Belfast and another in Paris by 2017. The banks will offer mobile payments services for bitcoin, local payments and access to its public...

NCR launches next-gen consulting practices

NCR Corp. has announced a new set of next-gen consulting services for the financial services, retail and hospitality industries. A company press release said that the new practices will support: transaction processing for digital and payments enablement — the company...

Study: China leads global fintech investing

Investments in Asia-Pacific financial technology ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015, according to an Accenture analysis of CB Insights data. Investments...

Small businesses accepting mobile payments, eschewing EMV

As mobile payments options are growing in popularity among consumers, more small businesses are tapping into this payment offering, according to the Small Business Health Index from CAN Capital, a provider of small business financing. Thirty-four percent of small businesses...

Taiwanese banks set to launch HCE mobile payments from Mozido

Mozido, a global provider of digital commerce and payment products, has announced 14 banks within the Taiwan Mobile Payment Co consortium have adopted its HCE technology products. Two banks will immediately launch the product and the 12 remaining banks will...

Survey: Nearly a third of US consumers willing to use mobile wallets within next 6 months

Although mobile wallets are a relatively new form of payment, nearly 3 in 10 consumers (29 percent) say they would be willing to adopt the technology within the next six months, according to a recent survey by Computer Services Inc.,...

Mobile Payments Today releases new Mobile Wallet Comparison Guide

Choosing the right mobile wallet can be tricky and time consuming, but we've done the research for you! The 2016 Mobile Wallet Comparison Guide gathers in one spot a compendium of the industry's top mobile wallets, compiling their differing capabilities...

UK competition authority makes banks 'work harder for customers'

The Competition and Market Authority in the U.K. has released a set of reforms intended to "ensure that [bank] customers benefit from from technological advances and that new entrants and smaller providers are able to compete more fairly," according to...

Consumers are spending less, Bank of America finds

Bank of America looked at over 40 million active credit and debit card accounts in its system in June and found some surprising statistics. It seems that consumer purchases are decreasing in price but increasing in frequency. "Consumers continue to...

MasterCard, PayPal chat about potential partnership

A week after Visa struck an unprecendented deal with PayPal, MasterCard might be attempting to do the same. MasterCard CEO Ajaypal Singh Banga said Thursday during the company's quarterly earnings call that the card network is holding "constructive dialogue" with...

Survey: Consumers adopting mobile payments, but at a slow pace

Consumers are adopting mobile-payment products, albeit at a slow pace, reveals a new study by Citi Cards. According to the 2016 Citi Cards Consumer Perspectives Study, 20 percent of those surveyed said they currently use a mobile wallet. The 2016...

Visa chip card issuance gathering momentum in US

Visa has released its latest report benchmarking progress in the U.S. migration to EMV chip-enabled cards and payments. According to the card network's published statistics: Visa chip cards outnumber U.S.

Live webinar: Leveraging your company's branded value as a promotional incentive

Gift cards are no longer seen as the inpersonal item they were once viewed as by consumers, and recent research by Blackhawk Network reveals that 74 percent of shoppers hope to receive gift cards this year. That’s why now, more...

Trade group to focus on all emerging payments in US

The EMV Migration Forum this week announced that it will change some of its focus in the payments industry and will now be known as the U.S. Payments Forum, according to a press release from the trade association. The U.S.

Retailers going mobile in big way, but no big payoff as yet

Today's retailers are more than embracing mobile apps, as more than two thirds have one in play. But the payoff isn't hitting big just yet. A new PointSource The State of Mobile Experience Report highlights current website and mobile app...

Consumer apathy dooms mobile payments JV in New Zealand

Semble, a New Zealand joint venture involving banks and telcos, today announced it will discontinue its current mobile-payment service following a strategic review of the business, according to company press release. Semble CEO Rob Ellis said in a statement that...

Rapid shift in payment preferences more perception than reality, report says

While the U.S. has moved from paper payments to electronic payments over the last two decades, changes in consumer preferences have not been as sudden and dramatic as many people assume. This is a key finding from a new report,...

Consumers speed to Cumberland Farms for loyalty program benefits

Cumberland Farms, a gasoline and convenience retailer, has announced that customers have saved a total of $50 million through its SmartPay program since its launch in January 2013, according to a company press release. Available as both a payment card...

RBI aspires to 'less-cash' economy for India

The Reserve Bank of India has introduced its plan to build a "best-in-class" payment and settlement system that will reduce the nation's dependence upon cash. In a newly published paper, "Payment and Settlement Systems in India: Vision-2018," RBI lays out...

POS terminal market to reach $102B by 2023

The point-of-sale terminal market is expected to be worth $103.52 billion by 2023. The market is also expected to grow at a compound annual growth rate of 19 percent from 2016 to 2023, according to a report by Global Market...

Survey: US consumers gravitate towards PayPal, Venmo

FICO's latest consumer finance trend research has revealed that a growing number of U.S. consumers are making transfers and payments over the internet and via mobile apps, according to a company press release. Some 19 percent of respondents currently use...

Report: mPOS market hits a snag

The mobile point-of-sale industry, estimated at $95.7 billion in 2015, has fallen short of meeting investors expectations regarding market penetration and revenue since its evolution, according to a new report from Timetric. Most mPOS providers, including the biggest global player,...

Interchange fee regs, mPOS likely to drive increased card use in Europe

At the end of 2014, payment cards were accepted at 15 million EFTPOS terminals in 10 million outlets in Europe. The number of terminals in western Europe increased at a modest rate of 4 percent in four years, while terminals...

New research tracks rapid rise of ID theft, fraud

More than half of internet households have experienced fraud or identity theft. Of these, 3 in 10 say that stolen information was used for unauthorized purchases online or by phone.

Survey: Banks ill-equipped to handle potential fraud onslaught

Payments fraud presents a growing challenge for corporate treasurers and other finance professionals, according to a survey conducted by TD Bank at the 2016 NACHA Payments Conference in April. TD Bank conducted a mobile app-based poll of finance professionals attending...

Chinese consumers to get more options with Samsung Pay, Alipay deal

Samsung Electronics has announced an agreement with Alibaba in China that will enable Samsung Pay users in the country to make payments directly from their Alipay accounts without the need of using a separate app for such transactions. Alipay, which...

Rwanda plans to push cashless society with MasterCard's help

The Government of Rwanda announced a collaboration with MasterCard to fast-track the country's move to include 90 percent of its citizens in the financial mainstream, as set out in its Vision 2020 strategy. MasterCard and the Rwandan government signed a...

Wal-Mart sues Visa in chip-and-signature spat

Wal-Mart Stores Inc has filed suit against Visa USA Inc in a complaint alleging that the retailer is being pushed to use chip-and-signature rather than chip-and-PIN transactions so that Visa can route transactions over its own networks and reap the...

UK consumers place high value on mobile banking

A consumer survey conducted by Juniper Research has found near universal satisfaction among U.K. mobile banking users, with 98 percent of those surveyed saying that they were "very happy" or "quite happy" with their service, according to a press release...

Consumers using more banking channels, study finds

According to a recent survey of 1,000 Internet households, the proportion of consumers using a larger number of banking channels has increased dramatically over the past five years. The study, "Omni-Channel Strategies for Financial Services," was conducted by Synergistics Research,...

Passport gains $8 million in funding round

Mobile technology company Passport recently announced that it has gained $8 million in its Series B round of funding. Passport offers a mobile payments software solution for parking and transportation customers, according to a press release. Passport's solution integrates mobile...

Study: UK catching up to US in paytech spending

The U.K. payment technology sector is booming and closing the gap on its closest rival, the U.S.

Mobile operators could win $142 billion or lose big by 2020

If mobile operators are able to overcome certain barriers, they could look at a $142 billion spike in revenue by 2020, according to a new report from DOCOMO Digital and Ovum Research, entitled "Mindset changes and stakeholder collaboration are needed...

MasterCard joins Visa in effort to speed up EMV transactions

MasterCard has unveiled M/Chip Fast, an application based on the company's existing technology and intended to help speed EMV transactions and shoppers through checkout lines, according to a press release. The move comes a week after Visa announced its own...

FIs unseated as top targets of cybercrime

The retail sector claimed the unenviable No. 1 position on the list, experiencing almost three times as many attacks as the financial sector last year.

Report: Mobile ticket purchases expected to double by 2020

Juniper said with a number of transport agencies enhancing app capabilities and integrating payment services such as Apple Pay, the past 12 months have witnessed an increase in mobile ticketing users using apps for payments, as well as ticket delivery and validation.

Blockchain and bitcoin conference coming to Prague

At the conference, experts will share their knowledge on the current state of blockchain and bitcoin in a variety of industries.

Report: Digital transactions to reach $8T by 2020

Juniper said that the digital commerce market will see strong contributions from three key sectors — digital banking, remote digital goods and remote physical goods.

Report: Contactless payments via mobile and wearables to approach $100B by 2018

The emergence of a range of connected wearables has piqued the interest of NFC stakeholders.

Top US banks prepping for same-day ACH transactions

In a NACHA survey, 95 percent of respondents indicated that they will offer their clients same-day ACH origination services by year-end.

Survey: M-wallets powered by differing technologies will coexist in the future

However, market consolidation within the next two to three years will reduce their numbers, according to a new report on trends in the global payments industry.

'Pays' will reap revenue of more than $1B euros in EU by 2021

Apple Pay, Samsung Pay and Android Pay will be 'massively' adopted by the European payment market over the next few years, new research shows.

MasterCard reports continued progress for U.S. EMV Adoption

With industry-wide cooperation, the company says, the US might reduce fraud by as much as 80 percent as other EMV-adopting nations have done.

Fed study: 'Consumers and Mobile Financial Services 2016'

A new report from the US Federal Reserve Board says that 43 percent of banked adults with mobile phones now use mobile banking — a year-over-year increase of 4 percent.

Retailers seek further Fed action to lower debit swipe fees

In a letter to the Federal Reserve, the National Retail Federation argued that 24 cents per transaction is still 'substantially higher' than Congress intended.

Study turns up lackluster stats on EMV in the US

A study by CardHub finds that more than half of consumers do not understand the difference between card security standards and don't care whether a retailer's POS terminal is enabled for EMV.

Survey: US consumers not keen on mobile-only banks

More than a third of respondents also believe that mobile payment apps are unnecessary.

Report: Global digital payments to reach $3.6 trillion in 2016

A new study from Juniper Research argued that the recent surge in contactless payments would continue.

Sweden's central bank calls for restraint in dash to cashlessness

Riksbank cites 'a high risk' that cash will disappear before alternative means of payment have become widespread, causing financial harm to some Swedish citizens.

Fintech represents 'potentially fatal risk' to retail banks, report says

Studies supporting the new report, 'Retail Banking: In tech we trust,' show that bankers expect major changes to the financial services marketplace within the next four years.

Use of e-payments adds $300B to GDP of 70 nations, Visa says

The study does note that expanding electronic payments alone will not necessarily increase prosperity — well-developed financial systems and healthy economies are required, as well.

New report examines the stakes in the cash debate

International payments industry expert Guillaume Lepecq argues that the global demand for currency has grown in parallel with electronic payments, and for good reason.

Millennials don't want a paycheck; they want a pay card

A new study finds that 48 percent of millennials don't trust banks and see pay cards as a good way to avoid dealing with them.

Barriers remain to mobile money inclusion in Sub-Saharan Africa

Ericsson said a lack of awareness and basic prerequisites, and low appreciation of the benefits are some of the hurdles.

MasterCard strikes a pose with Fashion and Design Hack event

The card network announced a partnership with The New School's Parsons School of Design.

China UnionPay, Visa vow to collaborate on payments products

The companies signed a memorandum of understanding to strengthen and create new value for the bank card ecosystem, benefiting consumers, merchants, financial institutions, and technology partners.

Study: Consumer embrace of next-gen payments on the increase

Social media comments asking issuers and retailers for ready-to-use mobile payments options more than doubled last year, MasterCard says.

Samsung Pay arrives in new markets this year

Samsung Pay will start global expansion beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the U.K.

Heartland, Smart Card Alliance partner on consumer security advocacy

The companies have established a training center to advance the security of payments and identity through education programs on industry best practices and advanced security technology.

Apple Pay awareness, adoption plateau, according to consumer survey

Only 15 percent of respondents who own an iPhone use Apple Pay on a regular basis.

Report: Retailers want secure mobile wallets with integrated rewards

Payment security was cited by 72 percent of retailers polled, with integrated loyalty options, 71 percent, and seamless ordering, 55 percent, as top three features wanted in mobile apps.

European banks move toward instant payments infrastructure

EBA Clearing, which is owned by 53 banks in Europe, plans to develop a pan-European real-time payments product by the end of 2017.

Contactless payments dominate London transit

Since July 2015, commuters have used mobile devices to pay for more than 3.2 million journeys.

BofA, Wells Fargo reportedly integrating Apple Pay at the ATM

Cardless ATM access is suddenly surging in the US.

Report: Visa accounts for majority of European contactless card payments

However, MasterCard PayPass is strong in several developing contactless markets, including the Netherlands and Russia.

Mobile services pay off for FIs, research finds

Credit union members who use mobile banking generate 36 percent more for the FI revenue than branch-only users; for banks the payoff is twice the size — 72 percent, a Fiserv study finds.

Report: Holiday fraud attempts spiked on Black Friday, Christmas Eve

The data is based on hundreds of millions of transactions from global retailers during the 2014 and 2015 holiday shopping seasons.

Millennials 'not wed' to traditional FIs, study concludes

New research underscores the urgent need for FIs to prove that their products and services offer as much 'value and utility' as those of emerging nonbank providers.

Mobile Payments Today report shows consumers not ready to embrace change

This year's state-of-the-Industry report contains 50-plus pages of charts, comparison data and actionable advice.

Diebold intros ATM-based, mobile-enabled self-checkout

The company says its new concept combines the core capabilities of the ATM with the convenience of self-checkout and contactless mobile payment.

Mobile finance apps: Safe and secure?

Maybe not. A new 'state-of-the-application' report finds a gap between consumer perceptions and reality when it comes to mobile app security.

Dubai dreams of a cashless society

A cloud-based payments product from Quisk requires only a mobile phone number and a PIN to create a new type of digital cash account.

Study: For weekly banking, US adults choose mobile over branch

In a new report, Javelin Strategy forecasts that 81 percent of US adults will be using mobile banking services by 2020.

Online holiday spend continues to rise, First Data finds

E-commerce eked out a 2 percent gain year over year, rising from 18 percent to 20 percent; overall, sales grew 3.3 during the holiday season, the company says.

Barclaycard: Contactless spending soars in the UK

The bank found that contactless payments now account for 1 in 10 card transactions with spending nearing one billion pounds ($1.4 billion) per month.

Mobile Payments Today seeks editorial contributors, bloggers

We're looking for high-level thought leadership pieces that are free of a marketing pitch.

Study: Gift cards remain popular, consumers eager for mobile storage

Gift cards are a popular retail consumer focus this holiday season, but they’re also a last-minute gift purchase before the big day.

Gartner: Mobile payments to see substantial growth

The research firm says that by 2018, half of consumers in mature markets will be making mobile payments via smartphone or wearable device.

Consumers expect speed, convenience when mobile shopping

Retail consumers aren't very patient with slow-loading online stores and are using their smartphones more than tablets this year when it comes to online shopping.

Report: Big sales days reflect big smartphone, mobile consumer use

The top retail sales days of the holiday season reflect increasing consumer adoption and reliance on smartphone and mobile device use, according to a new report.

Decline of cash continues in Sweden

You'll still find a crown on krona banknotes, but cash is no longer king in the Nordic nation.

Global Payments buys Heartland for $4.3 billion

Global Payments said the acquisition significantly expands its U.S. direct small and medium-size enterprise distribution, merchant base and vertical reach.

PayPal feels Super with TV spot for the big game

PayPal plans to make a splash at Super Bowl 50 and will do so with a 45-second TV commercial during the first quarter.

New study follows trends in use of EMV cards

The report reflects actual use for 'top of the wallet cards,' not for EMV cards that are issued only to lie forgotten in a desk drawer, CardFlight says.

Cashless payments outgrowing ATM withdrawals — but not by much

Since 2010, the annual growth rate of cashless payments has outpaced that of ATM cash withdrawals by only about one-half of one percent, a new study by RBR finds.

Vocalink, The Clearing House finalize deal for faster US payments

Vocalink already has worked on national real-time payment services in the U.K. and Singapore.

Mobile-first FI pursues fast-paced expansion across Europe

Number26 says its popular mobile bank account (with free ATM access) is the antidote to 'a bad user experience and overpriced retail banking products.'

TMG: Digital payment booms over Thanksgiving weekend

The Members Group has seen a steady rise in card-not-present transactions as a portion of purchases over the holiday weekend — from 15 percent in 2013 to 25 percent in 2015.

Kaspersky Lab reviews cybersecurity in 2015

In 2015 the Carbanak cybercriminal gang stole up to $1 billion from financial institutions worldwide using targeted attack methods, Kaspersky says.

Study: India surpasses 500 million unique mobile subscribers

The new report, ‘The Mobile Economy: India 2015’, finds that 13 percent of the world's mobile subscribers reside in India and that subscriber growth is forecast to outperform the regional and global averages over the coming years.

Consumers find digital-savvy banks more trustworthy

The survey findings come from The Balancing Act: U.S. Bank 2015 Outlook on People and Technology, which the bank said uncovered some surprising facts about how consumers expect to use financial services in the future.

Shoppers irked by EMV transaction times

A recent study shows that consumers are four times more likely to fret about speed than about security.

Three-fourths of firms experience internal data security incidents

For 21 percent of companies affected by internal threats, the loss of valuable data affected their business.

Mobile is big for Alibaba's record-breaking Singles' Day sales

Consumers bought $14.3 billion in goods on the holiday, which is up 60 percent from last year.

Consumers more comfortable buying, using digital gift cards

The Retail Gift Card Association found that methods of purchase and redemption are rapidly shifting to a mix of both physical and digital.

Study: Hispanics omnichannel users of banking services

FIs trying to attract Hispanic customers should emphasize the breadth of their banking options, a new study says.

Survey: For payment safety, consumers trust banks the most

Three-quarters of consumers trust banks to protect their payments, while only 1 percent trust major retailers or telecom companies to do so, an ABA study finds.

FFIEC issues statement on 'cyberextortion'

The Federal Financial Institutions Examination Council warns of an increase in cyberattacks that seek to extort payment from FIs in return for the release of sensitive information.

Study: biometrics important to mobile payments' growth

Fingerprint scanners could push the number of biometrically authenticated transactions to nearly 5 billion by 2019, according to a new report from Juniper Research.

GSMA: North America leads new mobile tech adoption

A new report highlights that the region has been an early adopter of 4G networks, which are driving considerable growth in mobile data traffic.

Report: Apple Pay adoption slows

Higher adoption rates are shown among millennials and Gen X'ers and, currently, these two groups account for 92 percent of Apple Pay users.

Survey: Vast majority of consumers want retailers to boost data security

Following major retailer data breaches, consumers want merchants to upgrade security controls and install EMV card readers to stop fraud.

Australia planning new mobile payments scheme

Eftpos, the most widely-used card system in the country, is working with Bell ID to build the new system, which will include tokenization.

UK's Vocalink explores mobile payments in Thailand

Vocalink, which operates the region's Faster Payments system, announced it will work with National ITMX, the operator of Thailand's interbank payments network, to explore the potential development of a real-time mobile payments system.

CardFlight raises $4.2 million to aid mPOS business

CardFlight said the funding will enable it to continue to grow its engineering team and accelerate the rollout of their EMV-approved mobile payment acceptance products in the U.S.

Local MNOs contribute more than $100B to Sub-Saharan African economy

The $102 billion economic contribution in 2014 was equivalent to 5.7 per cent of the region's GDP

Poll: In Canada, millennials drive charge toward new banking tech

Like their US counterparts, Canadians prefer to do their everyday banking via digital channels, but want to speak with a live person when they have more complex needs.

Report: Shift from physical to digital spurs payments innovation and growth

The report goes on to note that banks are still in a strong position to develop innovations that improve the customer experience despite the rise of other competitive payment providers.

98 percent of US cards forecast to be EMV-enabled by end of 2017

By the end of 2015, 60 percent of cards will have chips, compared with 30 percent in June, the Payments Security Task Force says.

Study shows wide adoption of mobile banking app among US consumers

Seventy percent of consumers said that they use a mobile banking app a few times a month or more.

Samsung Pay transactions top $30 million in South Korea

Consumers have made more than 1.5 million total transactions to date, with approximately 60 percent of the transactions taking place on the Galaxy Note5 device.

Security experts expect increase in mobile payment-related breaches

The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that cybersecurity professionals are willing to balance benefits with perceived security risks of mobile payments.

Report: Aussie smartphone users forecast a cashless future

A new study by Australian bank Westpac reveals that consumers Down Under believe cash could be history by 2022.

The EMV merchant liability shift: A last-minute look

One week out from the Oct. 1 deadline, consumer awareness of and about EMV remains low, an ACI Worldwide survey finds.

Apple planning Apple Pay move into China?

Apple in June registered itself as a payments business in Shanghai's free trade zone.

Canada moves to modernize payments infrastructure

The Candian Payments Association and the Bank of Canada have released research that supports the initiative, outlining critical issues the industry must investigate to improve the payment system.

Most consumers unaware of EMV shift

Lower-income survey respondents were less likely to know about EMV cards than those in higher income brackets, according to merchant services provider Habortouch.

Financial services trailblazers honored at ATM & Mobile Innovation Summit

The annual event recognized providers who are leading the charge in banking and payments technologies.

MyCheck enables donations through mobile restaurant apps

Round It Up America works with over 100 charities.

Study: Mobile wallets using contactless tech set to explode

A new study from Juniper Research has found that the number of mobile wallets using contactless technology is expected to reach 200 million by the end of 2016.

Survey participants wanted for 2016 Mobile Payments State of the Industry Report

Mobile Payments Today has released its latest survey for the upcoming 2016 Mobile Payments State of the Industry Report.

Report: Most consumers believe nontraditional players will drive financial services

But only 38 percent of consumers would actually consider a nontraditional provider for their future financial services needs.

Report: Biometric device shipments for financial industry to total 212M units by 2024

Tractica anticipates that finance biometrics hardware and software revenue will increase from $126 million in 2015 to $2.2 billion in 2024.

Kaspersky Q2 IT report highlights mobile security threat

The report finds a nearly threefold increase in mobile malware in the quarter, in addition to cyberespionage attacks targeting SMBs.

Small businesses lag in EMV preparedness

Wells Fargo study finds just 31 percent of the merchants it surveyed have POS terminals to accept chip cards.

Nearly half of smart cards shipped bound for US, China

Of 2.1 billion cards shipped, 903 million will end up in the wallets of Chinese and American cardholders, an ABI study finds.

Study: US generates 21 pct. of card volume, 48 pct. of card fraud

The Nilson report attributes lopsided US statistics to the fact that the nation has not yet moved to EMV, and predicts that loss totals will only go higher.

Prepaid provider CashStar closes $15 million funding round

This financing brings the total capital raised by CashStar to $50 million.

Study: Digital, mobile payments gain ground with US consumers

In a survey of 1,000 shoppers and payment processes in the past year, 93 percent used cash, 68 percent used debit cards and checks, 67 percent used credit cards and 62 percent used PayPal for payments.

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.

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.

Apple Pay outperforming PayPal, according to consumer survey

Apple Pay is the top choice in terms of mobile payment applications consumers plan on using going forward.

Global report shows big strides in reducing numbers of unbanked

China saw the greatest increase with 15 percent of adults brought into the banking system; South and East Asia and the Pacific followed, with 14 percent apiece.

Study: New cyberthreats come in old packages

A Verizon report says that cyberattacks are increasingly sophisticated, but they're still carried out using the same old delivery techniques — phishing and hacking. Will we ever learn?

Barclays expects huge gains in UK spending on mobile devices

Barclays said the influence of mobile on spending, however, is expected to more than double this figure from £18.4 billion to £112 billion over the same period.

Networld Media publisher named among 'Top Women in Media' in Folio: awards

The annual list includes publishing executives who have 'fearlessly moved their brands, teams and companies in new directions,' according to the sponsor.

Early Warning bolsters mobile fraud offerings with Authentify acquisition

Founded in 1999, Authentify provides phone-based, multifactor authentication products.

Semble emerges as New Zealand's go-to mobile wallet

MasterCard is helping to power the product, which is a joint venture between Paymark and the country's mobile network operators.

US retailers struggling to meet consumer expectations around mobile, in-store experience

Only 42 percent of shoppers found it easy to complete a purchase using a mobile device, and when asked which aspect of the shopping experience is most in need of an upgrade, 39 percent ranked the physical store first.

Report: BBA warns UK banks to innovate in face of competition

The study features interviews with leading experts from banks setting out their vision of the future and raises questions for regulators about when a non-banking firm should be overseen in a similar way to a bank.

Report: Business pros lean on mobile payments

Of 300 professionals surveyed, 52 percent said they use their mobile phones for payments, with business professionals in Asia-Pacific performing mobile payment transactions most frequently.

SIMalliance to host workshop for banks and NFC service providers

The organization will host a free-to-attend, half-day interactive workshop ahead of CARTES Secure Connexions America 2015, in Washington on May 4.

Report: Mobile boarding pass use expected to increase

Over 1.5 billion boarding passes will be delivered via mobile by 2019.

Report: GSMA finds mobile money customers continue to grow

Mobile money is now available in 61 percent of developing markets.

Fortumo reveals emerging markets payment index

The tool is intended to be used by Web, game and app developers to benchmark their revenue in markets with high smartphone growth and low credit card penetration.

More mobile money interoperability comes to Africa with Tigo Pesa

The company's customers in Tanzania can use the mobile money service to transact with users of all their country's mobile money networks following an agreement with Vodacom's M-Pesa service.

U.S. Treasury chooses PayPal, Dwolla for online payments

This implementation is part of an ongoing effort to move away from paper-based processes to more efficient and secure electronic transactions for the Federal Government.

GoCoin co-founder and CEO to keynote Virtual Currency Today Summit, April 29 in Boston

Steve Beauregard, co-founder and CEO of payment platform GoCoin, will keynote VCTS on the 'the next disruptor in payments.'

Pyrim intros tool designed to provide clarity to mobile commerce

Product lists over 100 consumer-facing, mobile commerce products and each is fully described and mapped to the mobile commerce ecosystem.

White House info sharing plan wins favor with ABA

The group encouraged Congress to craft legislation that protects merchants against frivolous lawsuits when voluntarily sharing information. .

Study: Use of mobile by young customers will drive change in retail banking

A new study predicts that with the next five years mobile will become the No. 1 channel for millennials and younger consumers.

In cash we trust: UK consumers see hard currency as most secure payment method

They're using more payment methods than ever, but by a wide margin, Brits still place the greatest confidence in cash.

Brits keen on contactless, UK Cards Association says

Spending on contactless cards trebled in both volume and value over the last year, according to figures from the group.

Contactless payments, US EMV migration power sharp increase in smart card growth

The US accounted for 185 million smart cards shipped in 2014, compared with just 30 million in 2013, the Smart Payment Association says.

Report: Mobile accounts for 25 percent of online transactions in Q4 2014

The holiday shopping season accounted for the majority of such transactions.

'Bit-what?' Most Americans clueless about cryptocurrency, study finds

A 'first of its kind' survey indicates that bitcoin proponents have their work cut out if they aim to educate Americans about bitcoin and its usefulness.

For better or worse, researchers forecast 'a year to remember' in payments and banking

A free outlook series from Mercator Advisory Group looks at converging trends in US EMV deployment, omnichannel delivery, and mobile payments.

Federal Reserve releases faster payment report

'Strategies for Improving the US Payment System,' lays out the Fed's plan for engaging with industry stakeholders to improve the speed, safety and efficiency of payments.

Report: Mobile commerce fraud increased in 2014

Revenue that mobile commerce merchants lost to fraud spiked 70 percent in 2014 to 1.36 percent compared with 0.80 percent in 2013.

Silver surfers ride the waves of mobile banking in the UK

Nearly 2.3 million consumers between 70 and 100-plus years old are now using Internet banking, according to new industry figures compiled by the British Bankers Association.

Loyalty (and caffeine) continues to drive Starbucks' mobile success

The company soon will roll out its mobile order-ahead service to 600 locations throughout the West Coast.

Mobile use in car shopping rises dramatically

The increase in mobile device usage is being led by used car buyers, who showed the most significant increases in using smartphones and tablets for car shopping.

Ayden processed $25 billion in transactions last year

Based on figures from the end of 2014, the company has achieved an annualized run rate of $30 billion in transaction volume processed.

EMVCo to develop 3DS 2.0 spec for card-not-present payments

An enhanced EMV 3DS 2.0 specification will support additional data available during the transaction to enable more intelligent risk-based decisioning.

Polish banks confirm plans to launch HCE mobile payments

The FIs will use Visa's cloud-based payment specifications for their apps.

Uncertainty over contactless infrastructure boosting European mobile payments

At the end of 2013, there were 133 million contactless cards in issue in Europe.

Seventy percent of shoppers buying gift cards this year

Although other holiday retail signals are mixed, gift card spending is on the rise.

Global mobile NFC payments to exceed $130 billion by 2020

This equates to 254 million mobile users making five payments per month at an average of slightly less than $9 per transaction.

Regional transit app on the way for Chicago commuters

Cubic Transportation Systems will supply area local transit operators Chicago Transit Authority, suburban bus operator Pace, and Metra, the commuter rail system, with an integrated mobile application and system.

UK consumers want more mobile purchasing options, survey says

Some 47 percent of mobile users in the U.K. would like to use their mobile phone more to pay for physical or quasi-physical goods and services.

Mobile wallet adoption in APAC and Africa expected to boost NFC

The Global NFC Transaction Market is expected to post a staggering CAGR of 47.47 percent from 2015-2019.

Square reaches $100 million single-day sales milestone

Square also announced over 40 percent of its payment volume comes from sellers who process over $125,000 a year.

NFC, in-app purchases expected to drive mobile commerce transactions

Apple Pay is expected to drive NFC purchases together with a host of anticipated deployments by banks using solutions based on HCE technology.

US smartphone owners want to use Apple Pay and Google Wallet

Survey found some 30 percent of respondents want to use the mobile wallets but are unsure where they're accepted.

Real time payments coming soon ... or not?

A new report from Mercator Advisory Group considers opportunities in real-time payments for US service vendors and financial institutions.

6-year-olds with smartphones? That's what Ericsson predicts

Yes, you read that right. What's more, the mobile network provider predicts that units will exceed 6.1 billion by 2020.

Canadians resist mobile payments

Only 21 percent of Canadian shoppers reported making a mobile payment online and in-store in the past six months, according to GfK survey.

North American consumers embrace mobile payments and virtual currency

Accenture survey finds that 40 percent of consumers in Canada and the U.S. have used their smartphone to make a payment at a merchant location.

Three-quarters of consumers plan to use their mobile for holiday shopping this year

According to a new survey, 82 percent plan to spend the same amount or more on holiday spending as compared to last year, while just 18 percent plan on scaling back and spending less.

NFC users to top half a billion by 2019

NFC-based Apple Pay and host card emulation technology will drive awareness and acceptance, a Juniper Research report says.

It's November — peak season for card fraud

Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.

Apptive intros features to help online merchants tap burgeoning m-commerce trends

Mobile-commerce merchants can leverage features for the holiday shopping season.

FIME urges financial industry to add NFC along with EMV

The company says the financial industry should expect growing consumer demand for contactless following the rollout of Apple Pay.

New report examines emerging payments in Africa

With new technologies, a growing middle class, government initiatives, and many drivers towards greater inclusion, Africa’s payment systems are changing rapidly.

US gov't to introduce EMV for EBT cards

Following on high-profile data breaches originating at POS terminals, the Obama Administration is reportedly taking measures to ensure the security of electronic benefits payments data.

Prepaid cards rule in September spending; checks see rare increase

Total dollar volume was up year-over-year, but month-to-month growth slowed slightly as consumers took a breather between back-to-school and Halloween spending.

Mobile Payments Today publishes State of the Industry report

MobilePaymentsToday.com surveyed consumers in the U.S., U.K., India and Brazil to discover how they are adapting to the growing mobile payments industry. Our fourth edition is available in five versions.

NFC Forum launches developer program

"Tap Into NFC" is meant to deliver resources and support developers to leverage NFC for applications and services.

Data breach extends beyond Jimmy John's to other restaurants

Data breach extended beyond 216 Jimmy John's restaurants to include 108 other restaurants.

Jimmy John's confirms data breach

Intruders gained access to data via stolen POS login credentials.

Pyrim intends to guide mobile marketers with new service

Pyrim Technologies today launched what it calls the Mobile Commerce Support Service, a leveraged marketing support offering designed to educate senior marketers on the rapidly changing mobile commerce ecosystem. The service will touch different aspects of mobile commerce such as...

Association expects NFC projects to expand

FIME believes the entire contactless payment infrastructure will grow as a result of Apple's inclusion of NFC capabilities as part of the iPhone 6.

A better burger experience through mPOS

Infinite Peripherals and Digital Dining help a Chicago restaurant streamline the ordering process.

Trade association set to discuss NFC ecosystem in London

SIMalliance, the global nonprofit industry association that promotes secure element implementation to drive secure mobile services, will bring together a number of experts from across the NFC ecosystem in October.

MasterCard mandates contactless acceptance in Europe

Card network wants all merchants in Europe accepting its brand to have contactless terminals by 2020.

Home Depot confirms data breach

Retailer is still in the process of determining the scope of the intrusion, which first began in April.

Braintree adds bitcoin acceptance

PayPal-owned company partners with digital wallet provider Coinbase.

Twitter adding a 'Buy' button

The initial partnership consists of deals with Burberry, DonorsChoose and GLAAD, and also with a variety of big names in entertainment, including Brad Paisley, Demi Lovato, Eminem, Pharrell, Paramore, Ryan Adams, Soundgarden and others.

Fed completes research into payment system improvement

A representative from the Fed will present a draft of the forthcoming study in a Town Hall meeting this Thursday at the ATM & Mobile Innovation Summit in Washington, D.C.

Vodafone partners with Visa on UK mobile wallet

System will be for Android users and will use a special SIM card with NFC tech.

ATMIA publishes global position paper on Bitcoin ATMs

The paper maintains that regulators might see Bitcoin in a more positive light if it were to align itself with an established global industry organization such as ATMIA.

Study: Prepaid card users highly likely to adopt mobile payments

The greater the number of features -- such as mobile payments -- associated with a card, the greater the likelihood of customer retention.

Pizza Hut kicking off Visa Checkout partnership with national ad campaign, giveaway

Pizza Hut’s partnership with the new Visa Checkout platform – first announced in July – will officially kickoff with a new national TV ad campaign debuting Sunday.

MIT COOP now accepts Bitcoin

BitPay will process bitcoin transactions at the school's bookstore.

Square intends to make tax prep easier

Mobile POS provider partners with TaxJar, an online service that manages sales tax filing for e-commerce merchants.

GoCoin to process digital currency transactions for Apriva

Strategic technology partnership allows Apriva resellers to offer merchants Bitcoin, Litecoin and Dogecoin acceptance.

What can 'Brown' do for data theft victims?

The UPS Store has notified customers of a potential data compromise occurring at 51 franchised locations between Jan. 20 and Aug. 11.

Square expands capital program

Victory Park Capital invests in Square so that mPOS provider can target more small businesses with lending opportunities.

Square gets defensive

The mPOS provider addressed in a blog post what it called myths about its pricing, service and a number of other issues.

Changecoin expands digital tipping across social media products

ChangeTip is now available for YouTube, Google Plus and Tumblr as a bitcoin tipping product.

Charity organizations form Mobile Giving Alliance

American Red Cross, American Cancer Society, World Vision, U.S. Fund for UNICEF and United Way Worldwide are involved in the new initiative.

First Data SpendTrend analysis: Credit cards tops in payments for July

The dominance of charge purchases reflects consumers' preference for credit when it comes to big ticket purchases like air travel and hotels.

Research: 'Preparing for 2015: The Year of the Liability Shift'

A new Mercator research note explores factors influencing the willingness, motivation and speed of payments players in implementing EMV technology.

Study finds that digital coupons positively affect brand and loyalty

Nearly 7 in 10 consumers surveyed strongly believe that digital coupons have a positive impact on a retailer's brand, and 68 percent also say that coupons generate loyalty.

Paym reaches 1 million registrants in the UK

Users have sent more than £6.5 million in funds using the P2P mobile app.

UK Pingit users to have access to electronic gift cards

A week after the prepaid provider Blackhawk Network announced a partnership with the new Amazon Wallet, it aligns with Barclays for the bank's p2p mobile app.

Department of Homeland Security warns retailers of new POS malware

Backoff uses a variety of methods to compromise the POS, including keylogging and injecting malicious code into explorer.exe. That second one is particularly nasty because it means the exploit will still be there if the machine is turned off or rebooted.

MyCheck's full integration with POSitouch aimed at restaurants

MyCheck has announced a complete integration into POSitouch point-of-sale software for quick-service and full-service restaurants. According to a news release, the MyCheck install onto POSitouch systems is done remotely and involves the implementation of a button straight onto the payment...

Croatian bank tests HCE mobile payments with American Express

PBZ is the first American Express card-issuing partner to test HCE on the American Express global network.

Survey participants wanted for 2015 Mobile Payments State of the Industry Report

Mobile Payments Today has released its latest survey for the upcoming 2015 Mobile Payments State of the Industry Report, which will be available for purchase in September.  Survey participants have a chance to win an iPad mini for completing the questionnaire as one person will be randomly selected for the contest.

Minnesota Twins partner with US Bank for mobile app credit card promotion

The Minnesota Twins and U.S. Bank are testing a new mobile app that enables fans to apply for a Minnesota Twins Rewards MasterCard by snapping a photo of a driver's license with the camera of an Apple iPad, according to a press release.

Nintendo gives Japanese gamers a chance to use NFC payments

Nintendo last week finally made use of the NFC feature on the Wii U game console and began enabling Japanese owners to purchase items in its digital shop using contactless public transportation cards. Japanese gamers can use Suica, Pasmo Kitaca,...

Study looks at opportunities for payments industry to migrate to digital payments

New research from Mercator presents case studies that illustrates best practices for transitioning into digital distribution. The competitive landscape for payments is rapidly changing with the emergence of new technologies and consumer preferences for virtual, digital, and mobile products. Companies...

London opens transit fares to contactless cards and mobile

Transport for London today announced that starting Sept. 16 it will enable commuters to pay for fares with any U.K.-bank-issued contactless credit, debit or prepaid card as well as through NFC-enabled Android handsets through the Cash on Tap app from...

Amazon sneakily introduces barebones mobile wallet app

Amazon Wallet appeared on the Amazon Appstore and Google Play store late last week, but a number of Android fan blogs are just noticing it exists. Amazon's new app, which is a beta version, does not support mobile payments, but...

Westpac tests NFC-enabled mobile payments using HCE in New Zealand

Westpac is trialing Host Card Emulation (HCE) mobile payments and is the first bank in New Zealand to do so, according to an announcement from the financial institution. Westpac is using Carta Worldwide's HCE technology during the three-month trial, which...

ACI Worldwide to acquire Retail Decisions to boost CNP fraud prevention

ACI Worldwide, a global provider of electronic payment and banking products, and Retail Decisions (ReD), a fraud prevention company, today announced that they have entered into a definitive transaction agreement, according to a press release. Under the terms of the...

Payments Council report claims UK leads the world in mobile payments

Following the April launch of Paym, a person-to-person mobile payment service, the U.K. Payments Council Thursday launched a research paper comparing mobile payments markets on an international basis.

Twitter acquires payments company CardSpring

Twitter Thursday announced on its blog that it has acquired CardSpring, a payments infrastructure company that helps merchants work with leading publishers to create online-to-offline promotions. CardSpring also announced the acquisition on its blog. "We see the intersection of payments...

Sionic Mobile enables e-donations through online and smartphone portals

Sionic Mobile and Ching Thursday launched Shop2Give, a fundraising product that enables non-profit organizations to make the most of e-donations at no extra cost to supporters.

Visa introduces Visa Checkout to replace V.me

Visa today announced the launch of Visa Checkout, a payment service that replaces V.me and enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks, according to a...

Is Japan getting a preview of Apple's mobile wallet plans?

Without any warning or fanfare, Apple today launched a service in Japan that enables iPhone and iPod Touch users to add funds to their Apple ID account without the need for a physical card. Reports later surfaced that the service...

Standard Bank launches MasterPass-enabled app in South Africa

MasterCard today announced Standard Bank will be the first South African financial instiution to offer its digital wallet service, MasterPass. "The world we shop in is constantly evolving and the ways we pay should keep pace. With a single click,...

Prepaid cards No. 1 in growth for June

Prepaid cards took the biggest hike of any noncash payment method in June in terms of dollar volume — barely, beating out credit by just one-tenth of a percent.

UK airline testing iBeacons across Europe

United Kingdom-based airline easyJet this week announced that it has become the first airline to trial iBeacon technology across Europe to help passengers navigate their way through the airport, according to a press release. The strategically placed beacons, which are...

British consumers adopting mobile banking and payments at a high rate

Britain consumers are using mobile and Internet banking to tune of nearly £1 billion (US$1.7 billion) worth of transactions per day, according to a major industry-wide report into consumer-friendly technology by the British Bankers Association and Ernst and Young. The...

'Dads and Grads' gifting period boosts digital card sales for CashStar

CashStar, a digital gifting company with over 300 retailer partners, today announced it achieved an 80-percent year-over-year increase in the number of digital gift cards sold in the month of June, according to a press release. The company contributed the...

Interesting stats emerge from BofA's inaugural Trends in Consumer Mobility Report

Consumers who use their smartphones for mobile banking log into their account almost daily, and no less than once a week, according to Bank of America's inaugural Trends in Consumer Mobility Report. The Charlotte-based bank surveyed 1,000 U.S. consumers and...

Growing e-commerce market drives digital wallet adoption in China, Forrester report says

Digital wallets adoption is growing in China, according to a new report from Forrester Research. The growth is attributed to the burgeoning e-commerce market, explosive growth of smartphone penetration, and mobile payment technologies in recent years that have made digital...

LoopPay debuts charge case for the iPhone 5 family

LoopPay Inc., a mobile wallet platform provider, today announced the availability of the LoopPay ChargeCase, which the company says is world’s first iPhone charge case that enables secure mobile credit card transactions while extending battery life. The ChargeCase is the...

Mobile and self-service key to future of postal operators

Traditional postal operators will need to tap new channels such as mobile and self-service in order to improve customer experience and cut costs, Wincor Nixdorf says in a white paper on the use of IT by postal services across the...

Vietnamese market now accepts electronic payments thanks to mPOS deal

Saigon Commercial Bank, which is also know as Sacombank in Vietnam, today announced a partnership with MasterCard to deploy mobile point-of-sale terminals to merchants who do business in the country's Ben Thanh market, according to a press release. The market,...

NFC ecosystem to get a boost from HCE, trade group says

SIMalliance has highlighted that future growth of the NFC ecosystem and NFC-based applications, resulting from host card emulation (HCE), is likely to expedite SIM-based NFC payment deployments and create opportunities for mobile network operators (MNOs) to address the security and...

Alipay reportedly launches NFC-enabled transit app

Alipay, the payment arm of China's largest e-commerce website Alibaba, this past week reportedly launched an NFC-based mobile ticketing service that commuters can use in 30 cities, according to a report from ECNS. The publication reported that All Pass is...

Mobile wallet tech provider moves headquarters from Silicon Valley to Cambridge

Cortex MCP, provider of a next-generation technology platform for mobile wallets, today announced in a press release it has relocated company headquarters from California to Cambridge, Mass. The company, now based in what has become a tech hotbed centered around...

BitPay to sponsor college football bowl

College football postseason bowls often carry unusual retailer sponsorships, but the St. Petersburg Bowl just got itself a unique partner that will have many viewers scratching their heads: Bitcoin. BitPay and ESPN Events today announced the bitcoin processor will sponsor...

Mobile gaming revenues to reach $28.9 billion by 2016

Total revenues from mobile games will reach $28.9 billion by 2016, up some 38 percent from Juniper Research’s $20.9 billion estimate for 2014. Juniper’s new report about mobile gaming revealed that in an effort to maximize their apps’ potential, developers...

Trade groups collaborate to tackle NFC, Bluetooth integration

The NFC Forum, a non-profit industry association that advances the use of Near Field Communication technology, and the Bluetooth Special Interest Group (SIG), the trade association responsible for the development, promotion and protection of Bluetooth technology, today announced the publication...

KFC develops Google Glass training program

KFC has developed a training platform through Google Glass. According to a blog on parent company Yum! Brands' homepage, KFC wanted to condense its 80-page instruction manual into an interactive video.

Social gifting company eGifter announces new product suite for merchants

Social gifting company eGifter announced today the release of a new digital gift card platform geared specifically for small and medium businesses that works as a hosted solution for both online and brick-and-mortar retailers, according to a press release. The...

EMV, HCE, BLE will drive adoption of NFC in the USA

Are tap-and-go transactions ever going to be a reality in the U.S.? Yes they are, said speakers at last week’s 2014 NFC Solutions Summit in Austin — and sooner than you might expect. Tech execs from across the payments world...

Pepsi and Tsingtao Brewery among first merchants to use Alibaba's new QR code platform

China-based Alibaba Group today launched a new platform named Mashang Tao that enables merchants to create QR codes consumers can scan with a mobile device to make purchases in physical storefronts, online and from print ads appearing on billboards and...

Powa acquires Hong Kong-based MPayMe to expand international presence

International commerce company Powa Technologies Group announced today the acquisition of Hong Kong-based mobile expert MPayMe in a move the company said in a press release will increase its global reach and provide what it called a world-leading payment solution...

Australian bank launches QR-code based mobile system

Bendigo Bank, its telecommunications subsidiary Community Telco Australia and Samsung Electronics Australia today launched a new retail point-of-sale mobile payment solution called redy, according to a press release. The system is available to all Australians using a compatible smartphone and...

Amex cardholders can pay for Uber rides using points

American Express this week announced a new partnership with Uber for what it calls a first-of-its-kind technology integration into the Uber iOS app that enables U.S. cardholders enrolled in the Membership Rewards program to choose to earn 2x points or...

David Marcus to leave PayPal for Facebook

PayPal President David Marcus is leaving the company at the end of the month to join Facebook to run the social media company’s mobile messaging business. Marcus announced the decision in a Facebook post yesterday. "While I was in the...

Apple opening fingerprint ID to mobile app designers

Financial services providers who offer the convenience of a mobile application for their customers can now also offer said customers an additional layer of security for the information that application holds. Apple kicked off its 25th annual World Wide Developers...

European study says mobile shopping driving impulse buys

The growth in smartphone usage is driving impulse purchases, according to a new Europe-wide study of mobile usage conducted by global financial group ING. More than 139.5 million Europeans now regularly shop via mobile phone, with 42 percent of these...

Mobile wallets lead as alternative payments grow worldwide

The total share of all alternative payment methods is expected to reach over 50 percent of business-to-consumer e-commerce payments with digital wallets and mobile payments expected to show the fastest growth, according to a report from Germany-based secondary research organization...

1 in 5 mobile handsets to feature wallet functionality by 2018, report says

Juniper Research expects one in five mobile handsets will have mobile wallet functionality by 2018, against less than one in 10 at the end of last year, according to a new report. The report, "Mobile Wallets: Strategies for Developed and...

Pay-by-phone parking now available in three UAE cities

Etisalat, a UAE-based telecom, announced Monday consumers can now pay for parking via a text message in Abu Dhabi, Dubai and Sharjah. Users also will receive a text message when their parking time is about to expire, according to a...

BitPay raises $30 million in funding from Branson and Yahoo co-founder

Bitcoin processor Bitpay has raised $30 million in funding from a group of investors that includes Sir Richard Branson and Yahoo co-founder Jerry Yang, according to a report in the Wall Street Journal. Bitpay CEO Tony Gallippi told the newspaper it will use the funding to expand internationally.

SQS completes Thinksoft Global Services acqusition

SQS, a London-based mobile payments software company, has completed its acquisition of Thinksoft Global Services, an independent business assurance and testing specialist focusing on the financial sector. Companies engaged in mobile payment projects can now take advantage of SQS' new...

Starbucks considers white-labeling its mobile app

Tech companies and national retailers have approached Starbucks about whether the coffee giant would consider licensing or white-labeling its successful mobile application, CEO Howard Schultz revealed yesterday during the company's earnings call. Schultz reiterated the consideration this morning on CNBC....

Mobile payments growing, but at a slower pace

Mobile payment adoption is still growing, but at a slower rate than previous years, according to a report from IDC Financial Insights. The report, "Business Strategy: Results from the 2014 Consumer Payments Survey," polled U.S. consumers in regard to emerging payment methods and technologies.

Payment executives cite mobile tech as biggest trend this year

Executives who attended the Electronic Transactions Association's TRANSACT 14 conference earlier this month believe new payments technology is the trend that will gain the most momentum in the industry in 2014, according to a survey from CAN Capital Inc. The...

Research: Can Bitcoin succeed?

The mixed news and reviews of Bitcoin leave the public to wonder: Is Bitcoin on its last legs, or will it become a part of the mainstream payments infrastructure? What problems does this new currency solve compared with those that...

MasterCard grows European contactless footprint

MasterCard announced today that over a one-year period ending December 2013, it has grown its contactless footprint in Europe by expanding the number of countries where contactless cards are accepted. Contactless acceptance is now available in 63 countries worldwide, including...

Mobile POS set to grow 95 percent worldwide in 2014

The adoption of mobile devices for POS transactions is exploding worldwide, as retailers and consumers alike get more accustomed to retailers asking for payment on mobile devices. According to new research from IHL Group, shipments of new mobile POS device...

China suspends virtual credit card and mobile QR code payments

The People's Bank of China, China's Central Bank, has suspended virtual credit card services and payments via code scanning, including mobile QR code payments, reported Chinese state press agency Xinhua. The PBoC has issued a notice to suspend Tencent and...

Visa contactless transactions in the UK nearly quadrupled in 2013

Contactless Visa card transactions increased almost four-fold in the U.K to 94.3 million in 2013 from 25 million in 2012, according to Visa Europe. Every U.K.

M-commerce growth spurs merchant fraud fears

The fear of fraudulent attacks is growing alongside the growth of m-commerce, according to the second Mobile Payments and Fraud Survey from Kount, The Fraud Practice and CardNotPresent.com. "Not only are organizations now more likely to find that the fraud...

First UK Bus rolls out mobile ticketing

Bus operator First UK Bus is rolling out m-ticketing across its operations in the U.K., according to an announcement from company technology partner Corethree. The First Bus mobile tickets app allows customers to buy tickets, download them to their phone...

Mobile spenders spend more, but m-commerce held back by security fears

Mobile payments users spend nearly twice as much through digital channels overall than people not buying on mobile devices, according to a survey of 25,000 U.S. and European consumers carried out by consulting firm Bain & Company. However, concerns over...

MEF m-commerce trade association elects EMEA, Asia boards

MEF, the London-based mobile content and commerce association, has announced the results of its board election, which took place at the 2014 Mobile World Congress in Barcelona. Darren Foulds, head of U.K-based Barclays' mobile banking operation and its Pingit mobile...

UK plans digital check imaging legislation

The U.K. Treasury has announced detailed plans to modernize check payments in Great Britain.

Youth market dominates South African bank's mobile app users

South African bank FNB says that 18- to 25-year-olds have shown the highest growth in uptake and usage of its mobile banking app among all age groups, IT News Africa reports. In 2011, when FNB launched its mobile app, 18-...

Opportunities and challenges for big data in mobile payments

Security and privacy concerns are key challenges to the use of big data in mobile retail, according to software firm SAP's on-site survey of attendees at the 2014 Mobile World Congress in Barcelona Big data is an IT industry term...

Demand for mobile bill payment outstrips supply in US

U.S. billers are falling behind consumers in terms of their readiness for mobile bill presentment and payment, according to a survey by Fiserv. Fiserv's second annual Biller Mobile Bill Pay Benchmark study examines how billers are keeping pace with the...

MasterCard launching MasterPass in UAE

MasterCard plans to roll out its MasterPass digital wallet platform in the UAE on mobile devices during 2014, according to a Gulf News report. Countries where MasterPass is already available include the U.K, Australia, Spain, Italy, Canada and the U.S....

MasterPass-enabled mobile wallet launched by Cellum, OTP Bank Hungary

OTP Bank Hungary has become the first European bank to launch a digital wallet with an integrated MasterPass application programming interface, according to announcements from MasterCard and app developer Cellum. MasterPass is a digital platform developed by MasterCard that allows...

Study: One-third of UK online sales made via mobile devices

One in three of all U.K. online sales are now made on a mobile device, according to research by Interactive Media in Retail Group, the U.K.'s industry association for e-retail.

Cyber Kiosk Solutions' software, mobile app pilots in medical marijuana dispensary

A medical marijuana dispensary in Colorado is about to get a dose of kiosk software to bolster its ID verification and fraud prevention. According to a news release from Cyber Kiosk Solutions, a Denver dispensary will beta test the CYBK's...

MWC14:Asian telcos form Asia NFC alliance

Four Asian telcos, Taiwan's Chunghwa Telecom, Hong Kong's HKT, Japan's KDDI and South Korea's SK Planet announced the formation of the Asia NFC Alliance at the Mobile World Congress 2014. The Alliance, which is support by the GSMA, aims to...

MWC14: Active mobile money users up 64 percent worldwide in 2013, GSMA says

The number of active mobile money accounts worldwide rose by 64 percent to 61 million in June 2013 from 37 million in June 2012, the GSMA announced at the 2014 Mobile World Congress in Barcelona. According to the third annual...

CONNECT 2014 Mobile Innovation Summit announced for retail and restaurant industries

With a slogan of "Think Mobile First," Networld Media Group properties MobilePaymentsToday.com and RetailCustomerExperience.com will join forces to convene the fourth annual customer experience gathering. This year, the CONNECT 2014 Mobile Innovation Summit takes place August 18-20 at the Sofitel...

Accenture launches analytics-based mobile wallet platform

Global consulting and technology services firm Accenture has launched an upgraded mobile wallet platform for digital payments incorporating analytics, big data capabilities, recommendations tools and security features. The platform is aimed at banks, mobile operators and merchants, or a partnership...

Augmented reality enhances RBC banking app for branch, ATM location

Royal Bank of Canada has updated its mobile banking up with augmented reality to help users find the closest RBC branch or ATM. RBC said it is the first Canadian financial institution to incorporate AR into its banking app. AR...

BBVA expands digital banking with Simple acquisition

Spanish bank BBVA is acquiring Portland, Oregon-based Simple, a provider of online and mobile-only banking services, according to an announcement from the bank. BBVA said that Simple has created a new standard in digital banking and that the acquisition is...

Royal Canadian Mint dips up MintChip security from SecureKey

SecureKey, a Toronto-based provider of trusted identity networks, has been selected by the Royal Canadian Mint to provide device security and user authentication for its MintChip cloud-based digital currency. The Royal Canadian Mint is currently running an employee trial of...

Proxama, Cryptomathic develop secure element-free NFC payments solution

Proxama, a U.K.-based provider of mobile proximity marketing, wallet and payment technology, has partnered with security developer Cryptomathic to launch a mobile contactless payment solution called EMV Tokenised Transaction, or EMV-TT, according to an announcement from the companies. The solution...

Amazon Coins virtual currency now available for Android

Amazon has extended the use of its Amazon Coins virtual currency from Kindle Fire tablets to Android smartphones and tablets for customers in the U.S., U.K. and Germany, according to an announcement from the online retail giant. Amazon Coins, first...

CaixaBank launches 'wearable banking' applications

Spain's CaixaBank has created "wearable banking" services that allow users to follow the stock markets via smartwatches and locate branches and convert currencies using Google Glass, according to an announcement from the bank. CaixaBank says its stock market application is...

Google acquires SlickLogin for mobile sound authentication

Google has acquired SlickLogin, a Tel Aviv, Israel-based company with patent-pending authentication technology that uses sound and mobile phones. When logging onto a website, the user's computer plays a unique sound through its speakers that is picked up and analyzed...

Revel Systems POS platform adds Bitcoin integration

Revel Systems, an iPad POS provider, has added Bitcoin integration to its platform. Now, users of the Revel POS can accept bitcoins as payment, giving their customers even more ways to pay. According to a news release, Revel is currently...

DSA announces first Symposium of the year, calls for Industry Excellence Award entries

The Digital Screenmedia Association has announced it is heading back to Dallas on April 8 and 9 for its first DSA Symposium of the year. The event is scheduled to be held at the Hilton DFW Lakes Executive Conference Center....

Report: Most companies that accept cards fail PCI standards

A new Verizon report has found that too many businesses, following their annual assessment for meeting the Payment Card Industry Data Security Standard , fail to maintain ongoing compliance — putting the businesses at increased risk for data breaches, and...

UK non-bank payments more trusted than contactless and mobile card payments

Young people and Londoners are leading the way in adopting cashless payments in the U.K., according to research by Mintel. The U.K.-based market research firm also found that non-bank electronic payment methods such as PayPal are trusted more than contactless...

Mobile account-opening grows in US

Mobile devices are being used increasingly for online account-opening in the U.S., according to a report from Andera. Providence, R.I.–based Andera provides an online and mobile account-opening and loans applications platform on a SaaS (Software as a Service) basis to...

Germany's Coino enters crypto-currency marketplace

A new digital currency called Coino entered the crypto-currency market on Jan. 18. According to a press release, Coino was conceived in part by a German online marketing agency with revenues of Euro 8 million ($10.9 million) per year.

US Postal Service considers offering financial services

The U.S. Postal Service is looking at partnering with banks to provide mobile banking, prepaid cards and other financial services to the underserved. "Providing Non-Bank Financial Services for the Underserved," a white paper published by the Office of Inspector General...

Mobile money transforms Kenyan banking market

Sixty percent of Kenyans now use their mobile phone for banking transactions and 64 percent of Kenyans send or receive money locally through their mobile phones, according to a study by the Kenya Bankers Association. Forty-eight percent of bank customers...

Judo launches educational site for m-commerce and payments

The U.K. mobile payment provider judo has launched judoHub as a repository of content and educational broadcasts to help businesses, journalists and app developers understand and learn about m-commerce and payments. Judo said the site was inspired by the growing...

Malauzai mobile app grows in popularity with community banks

Malauzai, a provider of mobile banking SmartApps for community banks and credit unions, reports rapid growth in customers and revenue in 2013. Revenue grew by 205 percent year on year, while community bank and credit union customers increased by 90...

Visa Europe sees fourfold growth in U.K. contactless payments

Visa Europe said 30.3 million Visa contactless cards are now in circulation in the U.K. and that 293,600 contactless terminals have been installed in the country. The card scheme said Visa contactless card transactions increased fourfold year-on-year in the U.K.

NBA's Sacramento Kings accepting Bitcoin

The Sacramento Kings, a U.S. professional basketball team, said it has become the first professional sports franchise to accept Bitcoin.

South Korean Bitcoin exchange receives $400k Silicon Valley investment

The South Korean Bitcoin exchange Korbit has raised $400,000 from a number of well-known Silicon Valley angel investors. According to beSUCCESS, the list is: DFJ's Tim Draper, AngelList's Naval Ravikant, SV Angel's David Lee, Pietro Dova of XG Ventures, Michael...

Bitcoin payroll API released by Bitpay

Bitcoin processor Bitpay has released the beta version of its Bitcoin payroll API (application programming interface) for employers that enables employees to receive a portion of their net pay in Bitcoin. Atlanta-based BitPay enables merchants to accept Bitcoins as a...

U.K. online, mobile banking more popular than call centers or branches

Personal banking preferences in Britain are moving away from branches and call centers and toward customer self-directed services, according to a survey from the business process management firm Genpact. The move is led by Gen Y consumers, aged 25-34, who...

Juniper Research: Mobile retail purchases to exceed $700 billion by 2018

Annual retail payments on mobile handsets and tablets will reach $707 billion, or 30 percent of all e-Retail by 2018, compared with 11 percent in 2012 and 15 percent in 2013, according to a report by Juniper Research. Total global...

Tablets and smartphones surge on shopping websites

Tablets and smartphones are gaining in popularity as a means for visiting shopping websites, accounting for a quarter of total visits, according to the U.S.-based marketing software firm Monetate. However, conversion rates remain higher for visits made with traditional devices...

Survey finds U.S. mobile bill payment usage doubles

Fiserv's 2013 Billing Household Survey has revealed significant growth in U.S. consumers paying bills from smartphones and tablets.

Reserve Bank of India sees slower than expected mobile banking take-up

The Reserve Bank of India said in its latest Financial Stability Report that take-up of mobile banking in India has been encouraging but slower than expected over the last three years. Only banks that are licensed and supervised in India...

Canadians expect mobile payments growth

Expectations are running high among Canadian consumers for the future of mobile payments, according to a consumer survey from Canadian telecoms company Rogers Communications. According to the survey, "Rogers Innovation Report: Tech Trends 2013," 52 percent of Canadians own a...

Amazon, DoubleBeam divide up mobile POS firm GoPago

TechCrunch has provided an update on its report about Amazon’s acquisition of the mobile POS system provider GoPago. The site now reports that Amazon has bought Pasadena, Calif.-based GoPago’s technology and its engineering team, but that Amazon has not acquired GoPago's business or existing merchant relationships.

mPOs firm Pagpop to target 300,000 low-income Brazilians

PagPop, a Brazilian mobile card reader vendor, has announced it will join the Business Call to Action initiative, or BCtA, with plans to reach 300,000 new Brazilian credit card users in the next two years. The BCtA is a global...

La Caixa to distribute virtual prepaid cards

Spanish bank la Caixa will be the first online distributor in Spain of virtual gift cards and digital content code numbers (PINs) for leading brands such as Spotify, Xbox and Sony PlayStation. Barcelona-based la Caixa said it is also the...

European Banking Authority issues virtual currency warning

The European Banking Authority has issued a warning about the unregulated nature of virtual currencies such as Bitcoin, and the risk to consumers of buying, holding or trading these currencies. The EBA, a regulatory agency of the European Union, said...

Singapore opts not to regulate Bitcoin

The Monetary Authority of Singapore says it will not regulate Bitcoin adoption, according to Bitcoin news provider CoinDesk. "Whether or not businesses accept Bitcoins in exchange for their goods and services is a commercial decision in which the MAS does...

Coinbase passes 650,000 user threshold

U.S. Bitcoin wallet Coinbase said it now has more than 650,000 users.

Canadian consumer watchdog issues m-payments warning

The Financial Consumer Agency of Canada is warning Canadian consumers about the risks of malware and customer profiling associated with mobile payments. The financial services industry watchdog is developing information to help consumers understand how m-payments work and what their...

Airlines see mobile revenue potential

Airlines see a potential for driving revenues from mobile payments, according to research from London-based processor WorldPay. For its "Alternative Payment and Distribution Landscape: Airlines and Alternative Payments - The Facts" report, WorldPay questioned 56 global airline carriers worldwide on...

PayPal buys StackMob for mobile app platform and engineering team

PayPal, the San Jose, Calif.-based subsidiary of eBay, is stepping up support for app developers with the acquisition of StackMob, a San Francisco start-up whose platform enables developers to create and manage mobile applications. The engineering team from StackMob has...

Univ. of Arkansas researchers develop risk assessment tool for mobile POS

Univ. of Arkansas researchers develop risk assessment tool for mobile POS

The researchers studied 26 different retail scenarios and found that there is no "one size fits all" system.

Mobile money services more popular than banks in Kenya

The use of mobile money services in Kenya has grown sharply in the last five years to overtake banks, according to the country's latest Fin Access National Survey, conducted this year. The Kenyan website Standard Digital quotes the survey as...

What is privacy worth to mobile users?

How much would you pay for privacy when it comes to mobile phone usage? A recent study by two University of Colorado economists found that users were willing, on a per-app basis, to make one-time payments of $2.28 to conceal...

Bitcoin firm Coinbase raises $25 million

Bitcoin wallet and platform provider Coinbase has raised $25 million in Series B funding. The San Francisco-based company said it now has 600,000 consumer users of its Bitcoin wallet along with 16,000 merchants, and is averaging 10,000 new customer sign-ups...

JPMorgan patent application looks a lot like Bitcoin

Is Bitcoin vulnerable to similar products? JPMorgan Chase & Co. apparently thinks so. ValueWalk, citing a story in the Financial Times (which requires a subscription), reports that the banking giant has filed a patent for a system that sounds quite similar to Bitcoin.

Survey finds declining support for NFC

A survey by Compass Plus has found that although popularity for the mobile channel continues to grow among payments industry players, support for NFC is in decline. Since 2011, Compass Plus has surveyed delegates to the CARTES Secure Connexions exhibition...

UK consumers don't trust NFC payments

U.K. consumers have a low awareness of NFC payments and mistrust them, according to a report by the market research firm YouGov. YouGov's "The Future of Mobile Digital and Contactless Payments" report shows that only 35 percent of U.K.

20 million Brits to use mobile payments by 2020

The value of mobile purchases of goods and services in the U.K. will rise from £4.8 billion ($7.85 billion) in 2013 to £14.2 billion ($23.22 billion) in 2018, according to a study by the Centre for Economic and Business Research.

E-commerce holiday revenue up 18 percent over 2012

Custora, a provider of e-commerce marketing analytics software, has released its Custora E-Commerce Pulse, a real-time dashboard providing U.S. e-commerce key statistics and benchmarking data. According to the Pulse, for the holiday period starting Nov.

Seven of the top 10 activities customers perform on their cell phones are shopping-related

Shopping is one of the top uses of mobile technology, and seven of the top 10 activities customers perform on their cell phones are shopping related. At the same time, the number of omni-channel shoppers who use multiple digital resources...

Mobile payments help off-grid Africans tap solar energy

In the developed world, mobile payments can be viewed as largely an extension of services that are already readily available in other forms. In the developing world, the technology can help transform daily life. Take the case of sub-Saharan Africa, where a number of startup companies are selling pay-as-you-go solar energy kits.

Researcher says smartphones will 'completely revolutionize' retail tech, operations

Smartphones will change the face of retail technologies and shopping, enabling a whole new converged ecosystem to emerge, according to a new report. ABI Research's newest quarterly Market Data, "Retail Technologies," considers the evolving space of retail technology, taking the smartphone as a central component.

Apple at the bottom of barrel for mobile websites

You wouldn't typically find Apple's name popping up in a conversation with Zales or Burlington Coat Factory, but when it comes to mobile websites, those entities share something in common: Their m-sites leave something to be desired, according to a...

Survey finds mobile payments increase at community banks

Mobile payments are catching on with community banks, according to a new biennial survey from the Independent Community Bankers of America. According to the 2013 ICBA Community Bank Payments Survey, 37 percent of community banks offer mobile payments, up from...

AFP Survey: Checks still lead for B2B payments, but mobile interest grows

When it comes to B2B payments, U.S. corporations aren't giving up their paper checks anytime soon, but they are becoming more interested in mobile payments, according to a report released today by the Association for Financial Professionals. The 2013 AFP Electronic Payments Survey, underwritten by J.P.

Smartphone camera can skim your PIN

As if worrying about a skimming device placed on your favorite ATM isn't enough, now consumers have to think about the prospect of their very own smartphone being used to steal their personal information. Using a program called PIN Skimmer,...

DSA taps Flanigan as new executive director

The Digital Screenmedia Association has named digital signage industry veteran Paul Flanigan as its new executive director. Flanigan succeeds David Drain, who was named senior vice president of events for Networld Media Group, which provides management services for the not-for-profit...

UK pharmacy chain goes contactless

Boots UK, which sells pharmaceuticals and beauty supplies (but not boots), has gone completely contactless. The U.K.-based company, working with Visa Europe and WorldPay, has installed contactless readers in all of its nearly 2,500 locations. U.K.

PayPal program will aid mobile-focused startups

PayPal has a new program that will waive fees and provide tech support for online- and mobile-focused startups, the company announced on its blog. Under the Startup Blueprint program, PayPal said it will waive up to $50,000 in processing fees...

Luxury retailer Coach dropping cash wraps in favor of mPOS systems

Coach plans to add mobile POS systems and remove fixed cash wraps as it remodels stores, according to Retail Info Systems. The company has seen good results from mPOS deployments, the site reported after speaking with Coach CEO Lew Frankfort...

New transaction fees haven't slowed mobile payments in Kenya

Although the Kenyan government raised mobile money transaction fees earlier this year, the most recent figures show that mobile payments have increased nearly 22 percent year-on-year, according to Ventures, citing a report by the Central Bank of Kenya. The 10-percent...

Zapp adds three providers to help grow UK mobile payment acceptance

The U.K.-based mobile payment provider Zapp has joined forces with three payment providers to offer mobile payments to merchants and customers. Optimal Payments, Realex and SagePay will work with Zapp's digital- and mobile-first approach to payments, Zapp said, letting merchants...

Infosys survey: Banks looking to mobile to lead innovation

Banks increasingly feel the need to innovate, according to a new survey, and they're looking to mobile to lead those efforts. The fifth annual "Innovation in Retail Banking" report — commissioned by the consulting, technology and outsourcing firm Infosys and...

Stockholm set for largest Bitcoin conference

The Stockholm School of Economics will host a conference to discuss the future of Bitcoin, and with 250 people reportedly signed up, it could be Scandinavia's largest cryptocurrency event thus far, according to Coin Desk. The Scandinavian region — Sweden,...

Study: Italians who've used mobile payments like them

Mobile payments are quickly finding a place in the daily lives of Italians and are expected to spread rapidly, according to a recent study by SIA. The study, which queried a select group of testers and merchants who participated in...

Mobile banking catching ATMs, ABA study says

The popularity of mobile banking continues to grow, according to a recent study by the American Bankers Association. A survey of 1,000 U.S.

Australian schools piloting mobile payment lunch plan

Eight schools in the Australian suburb of Bacchus Marsh are part of what's being called the world's first pilot program to pay for school lunches with mobile phones. The Herald-Sun reports that the QkR system lets parents pay for their...

Flagship iPhone 5s doubles 5c sales in first month

Based on early returns, Apple's flagship iPhone 5s is selling twice as fast the cheaper iPhone 5c. According to a new analysis from the Consumer Intelligence Research Partners, which surveyed consumers who bought the latest iPhones in late September, the...

MasterCard to acquire Turkish mobile payments processing provider

MasterCard today announced that it has entered into an agreement to acquire Provus Bilisim Hizmetleri A. S., an independent payment solution and processing provider in Turkey.

Sony rolling out NFC mobile payments for Hong Kong transit services

Sony Corp. has announced that mobile solutions incorporating its FeliCa technology will be used in Octopus, a popular Hong Kong contactless smart card payment service used for public transport and retail payment.

UK bank reform could lead to text-message payments

The U.K. government has outlined plans to reform the bank payment system, potentially leading to people being able pay their friends by text message, according to The Telegraph (U.K.). The U.K.'s new Financial Secretary to the Treasury announced that new...

Amazon notches top spot on mobile retail benchmark

Amazon has topped the latest eChannel Retail Benchmark study from eDigitalResearch after the Internet giant's mobile channels outperformed the brand's popular and more established website. Amazon clocked a three-percent rise in its overall multichannel score, thanks to improved mobile performance....

FICO launches mobile game to educate Brazilians about credit

FICO, the predictive analytics and decision-management software company that is known for providing credit scores in the U.S., has released a mobile game to provide financial education to Brazil's 30 million smartphone users. The company's "Missão: Positivo" game lets consumers...

Mobile banking app usage grows in Canada

By Robin Arnfield Contributing Writer A survey by BMO Bank of Montreal has found that mobile banking apps are growing in popularity in Canada. BMO said two-thirds of the 1,000 Canadians it surveyed in August have downloaded a mobile banking...

CU Wallet launches mobile wallet 'by credit unions, for credit unions'

CU Wallet, a collaborative credit union-owned and -directed mobile payments technology provider, announced during the recent CUNA Technology Council that it is launching a credit union-centric mobile wallet application. At the time of the launch, 15 credit unions, ranging from...

W.Va. natural gas co. adds mobile bill pay

Mountaineer Gas Company, a West Virginia natural gas utility, has launched services on doxo, a paperless bill payment solution. Mountaineer Gas' customers can now receive bills and other documents, organize account info and make payments directly from their free personal...

Corethree's mobile wallet adds Barclays Pingit mobile checkout

U.K.-based mobile tech company Corethree has formed a strategic partnership with Barclays for the inclusion of Barclays Pingit "mobile checkout" in Corethree's mobile wallet for transport ticketing, according to an announcement from Corethree. The company said this is a U.K.

Study looks at mobile, other pay choices of gamers

Global consumers are increasingly turning to alternative payment methods instead of credit or debit cards to purchase video games, according to research findings from WorldPlay, a provider of payment and risk services. According the white paper "Video Games Payment Preferences,"...

Gartner: Mobile app store downloads will top 100B

Mobile app stores will see annual downloads reach 102 billion in 2013, up from 64 billion in 2012, according to the information technology research firm Gartner Inc. Total revenue this year will reach $26 billion, the company said, up from...

Mobile payments study kicks off 2013 research series on consumer payment, banking trends

Mercator Advisory Group has released the first of eight studies in its CustomerMonitor Survey Series 2013 Insight reports — "Mobile Payments 2013: Young Adults and Minorities Take the Lead." Findings are based on primary research gauging consumer behavior and preferences...

Mobile devices push m-commerce sales past $10B for the year

Mobile commerce spending exceeded $10 billion during the first half of 2013, up from $8.3 billion in the same period a year ago, according to new survey data from comScore. The company projects m-commerce to exceed $25 billion for the...

Pew survey finds mobile banking on the rise in U.S.

By Robin Arnfield Contributing writer About one-third (32 percent) of U.S. adults, or 35 percent of cellphone owners, now bank using their mobile phones, according to a survey by the Pew Research Center's Pew Internet & American Life Project. Pew also found that 51 percent of U.S.

Nigerian poll finds that 6 in 10 unaware of mobile money services

Nigerians generally aren't familiar with mobile money services available in their country, and of those who are, only a relatively small percentage are using the services, All Africa reports. The findings, from a poll conducted by NOI Polls Limited, a...

Hospitality Tech study points to digital signage, mobile payments

Hospitality Technology magazine has released the results of its second annual Customer Engagement Technology Study, according to an announcment, and the news is good for digital signage, social media and mobile payments. Conducted through a research partnership with University of...

China sees huge spike in mobile device payments during Q2

Year-over-year mobile device payments in China increased nearly threefold in the second quarter, according to China Daily, citing a central bank report.

Western Union survey finds more using mobile devices to pay bills

Mobile devices are changing how U.S. consumers pay bills, even as people continue to use different payment channels such as in-person or mail, according to the latest findings from the Western Union Bill Payments Money Mindset Index. Fifteen percent of...

More merchants report accepting mobile payments at POS

Small businesses are increasingly embracing mobile payments, with 40 percent in a recent survey saying they now accept payments at the point of sale with a mobile credit card reader attached to a smartphone or tablet, and another 16 percent...

Paytroniks CEO sees winnowing of mobile payments providers in 2014

2013 will be remembered as a year of poor adoption and unmet expectations for mobile payments in the U.S., according to Joe Frisz, president and founder of Paytroniks, a boutique consultancy dedicated to evaluating emerging technologies in the payments industry....

EBay CEO Donahoe weighs in on future of mobile payments, e-commerce

Imagine you're out for a stroll after dinner and you happen upon a Kate Spade store. A lovely item in the front window catches your eye, but the store is closed.

Android market share rises in 2Q as Apple iOS drops

The Android smartphone operating system now claims nearly 80 percent of market share, according to the latest Worldwide Quarterly Mobile Phone Tracker report from International Data Corp. Samsung's figure for the second quarter of 2013 (79.3 percent) represents a 10-percent...

Yankee Group mobile wallet report examines slow adoption rate, offers engagement tips

Nearly 70 percent of consumers are interested in adopting mobile payments, but less than 14 percent have actually completed a mobile transaction in the past six months, according to mobile research and advisory firm Yankee Group. The firm's latest report,...

Nearly half of Kenyans using mobile payments

Ninety percent of transactions in Kenya are cash-based, and that provides a substantial opportunity for mobile payments. According to Business Day, a new mobile merchant payment system in the African nation is helping move the country toward a cashless economy,...

Report: Advanced mobile payment services can drive revenue for large operators

Operators that invest in advanced mobile payment services, particularly those targeting customers in the developed world, can derive significant revenue over the long run, according to a new report from Pyramid Research. According to Afrique Jet, the report, "From Digital...

Study: Enhanced mobile payment options will drive customer loyalty for banks

Retail banks that offer segmented consumer experiences and advanced digital wallet capabilities are likely to realize a good return on investment, according to a new study from Cognizant and Monitise plc. The study surveyed a diverse group of more than...

Report: China's mobile payments will exceed $1.45T by 2015

Citing a new study by the Internet Society of China, People's Daily Online reports that online payment transactions handled by Chinese mobile payment service providers will exceed 9 trillion yuan, or $1.45 trillion U.S. currency, by 2015. According to the...

DSA to hold Chicago Screenmedia Symposium in September

The Digital Screenmedia Association announced it will hold its second symposium, this time in Chicago on September 5 and 6. The 24-hour conference will follow a similar format to the inaugural Digital Screenmedia Symposium in Dallas, according to DSA Executive...

Webinar on carrier billing now available on demand

The webinar “Beyond Bandwidth: Opening New Revenue Through Carrier Billing” is now available for viewing on demand. The app economy continues to grow at an explosive rate, with some predictions putting it close to $25 billion worldwide. But as it...

Australian retailers expect mobile payments to skyrocket

The use of mobile payment technology among Australian retailers may be set to explode, thanks to a strong desire among brick-and-mortar retailers to cut transaction times, access customer loyalty programs and boost face-to-face interactions, according to a story at ZDNet.com....

Connecticut city launches mobile app for parking fees

New Haven, Conn., is introducing the Parkmobile smartphone app as a quick and easy way to feed the meter at on-street parking spots around the city, according to a story at nbcconnecticut.com. The app allows users to pay for parking remotely. Registration is free at www.parkmobile.com.

Calpian's Money-on-Mobile services passes 57M unique users

Credit-card processor Calpian Inc. announced its Money-on-Mobile service is now supported by 143,057 retail locations, increased from 138,711 at the end of May. Additionally, Money-on-Mobile, referred to by some as the PaylPal of India, was accessed by approximately 57.8 million...

Brits up mobile payment spending by 25 percent

Mobile-based spending in the U.K. has increased by 25 percent between January and June, according to a story at Mobile Entertainment, which cited data provided by daily deal aggregator Bownty. The daily volume of mobile transactions now reaches £500,000, or...

Market research firm slices forecast for proximity mobile payments

Research firm eMarketer has cut its estimated growth for proximity mobile payments for this year in half, from $2.12 billion to $1 billion, according to VentureBeat.com. The firm's October forecast predicted that such transactions would reach $2.12 billion in 2013,...

New study identifies massive risks facing mobile payments

Just when you thought mobile payments might be gaining some credibility, risk analysts at U.K. consultant Riskskill have released what can only be called a sobering assessment of the global mobile payment market. "It is easy to plan for many...

M-PESA meets Bitcoin with new service in Kenya

Known as one of the most innovative — and to date, successful — mobile money programs in the world, Kenya's M-PESA is now dabbling in virtual currencies thanks to a new service called Kipochi. According to an article on CIO,...

Study: 2013 brings big changes for prepaid card market

CardHub.com has released its 2013 Prepaid Card Report, which evaluates the alternative banking market and identifies the pepaid cards that best — and most economically — meet consumer needs. Prepaid cards continue to gain popularity; card deposits nearly tripled from...

Polish banks partner on new mobile payment standard

Poland's largest banks are teaming on a new mobile payment and mobile banking standard scheduled for launch later this year. The banks involved in the new scheme are PKO BP, Alior Bank , Bank Zachodni WBK , BRE Bank and...

Boku expands reach of carrier billing to the PlayStation

To this point, direct carrier billing, where consumers place their digital purchases on their monthly phone bill, has been a tool for buying mobile content and providing app developers a convenient, seamless payment experience for consumers using smartphones and tablets....

GoBank opens its virtual doors to everyone

GoBank is breaking out of beta. Beginning today, anyone can sign up for the mobile, virtual banking service from Green Dot Corp.

M-Pesa launches mobile money service for SMBs

For some time, Kenyan M-Pesa has been the model for peer-to-peer mobile money transfer. The mobile money platform from wireless carrier Safaricom now boasts around 17 million subscribers. Now M-Pesa is looking to become a tool for businesses as well,...

Survey highlights consequences of mobile shopping mishaps

Survey results released today by Skava, a provider of mobile, tablet and in-store technologies to Internet retailers, identify customer pain points in relation to mobile shopping. The Skava Consumer Mobile Shopping Survey found that the trend toward shopping on smartphones...

Amdocs links 50M Indonesian wireless customers to carrier billing

Amdocs, a provider of customer service and billing software, announced a deal with Indonesian mobile provider XL Axiata to provide direct carrier billing for app stores to the carrier's 50 million subscribers. The partnership means XL Axiata is the first...

Study: EMV will drive adoption of mobile technologies

Payment systems provider ACI Worldwide has released the results of a new survey that examines industry trends related to EMV, mobile payments and banking, fraud and innovation. Nearly half of the survey respondents (49 percent) believe the U.S.

Mississippi taxpayers can experience the 'convenience' of mobile tax payment

It was inevitable that the convenience of paying on a mobile device would be appropriated by the taxman. The Mississippi Department of Revenue has announced they will be outfitting agents with what amounts to a mobile point of sale solution...

ABA report profiles evolving payment system

The American Bankers Association has released a report for policymakers on the rapidly evolving payments marketplace. The document identifies three areas for consideration: consumer protections, payment system integrity and competitive equity. The report encourages policymakers to ensure that consumer protection...

To Millennials, 'banking' is anything but traditional

Millennials, that demographic cohort who are beginning to come of age, are looking to financial services providers for lower, more transparent fees and convenient access to their money. That's not much of a difference from every other age group.

Report: NFC devices to hit 1B worldwide by 2017

Whether or not it's used for payments, NFC will be a feature on more and more handsets. This is according to a new report from Berg Insight.

PayAnywhere adds Spanish-language support to its mPOS solution

Reflecting the competitive mobile point of sale space, PayAnywhere has announced an update to its iOS app and an improved merchant portal. Like other mPOS providers, PayAnywhere connects a card scanning dongle with an app to let small merchants process...

UK Payments Council to offer roadmap for payment development

The U.K. Payments Council, which represents the interests of the U.K.

FIME presents 'The NFC security quiz'

Get out your Big Chief tablet and No. 2 pencil, because consulting and testing provider FIME has six questions for you about NFC.

What do mobile banking users want most?

With the rise of plastic and digital transactions, the use of paper checks continues to decline — the Fed processes less than one-third of the checks it did two decades ago. But even with fewer checks in circulation, the most...

PayPal expands its war on cash registers

PayPal's Cash for Registers, which the company announced last month, is a part of the payment processor's assault on the traditional register. Yesterday, the company added some details to the program. In a blog post from Carolyn Groobey, vice president...

QuickPay, CreditCall join forces on mobile payments for parking

Cash may not be dying anytime soon, but will anyone miss digging for change to feed a parking meter? Payment services provider CreditCall and mobile parking services provider QuickPay Corp. are working toward the glorious day when that won't be...

KeyBank adds mobile banking features for consumer, commercial clients

Cleveland, Ohio-based KeyBank is expanding mobile banking for all customers — both commercial and consumer — with new mobile banking features. "We're seeing double-digit growth in our clients' use of consumer mobile banking, and we know our commercial clients have...

First Data tries white label approach with its mPOS product

Payment processing giant First Data Corp. is becoming more aggressive in its mobile point-of-sale strategy, announcing that it is collaborating with financial institutions to design small business solutions using Pogo, First Data's mobile POS product. Pogo was launched last year...

Nigeria's mobile money providers to develop standards

Nigeria's central bank has been pushing mobile payments as a mechanism to address the nation's high rate of unbanked consumers. To that end, the country's Association of Licenced Mobile Payment Operators is looking to develop standards and build a framework...

Indian Railways to begin mobile payments, ticketing

One of the world's largest railway systems is going mobile. According to the Economic Times of India, IRCTC, the subsidiary of the Indian Railways that handles ticketing, will begin offering train tickets via SMS messaging beginning in July. To use...

Report: Banks look to offers, data to own mobile payments

Bankers see payments as their domain to own, according to research from Finextra. And they plan on deploying discounts and data as weapons in the fight to control the future of payments in order to provide services beyond the transaction....

Before the market takes off, there's already talk of a mobile payment 'bubble'

Adoption of mobile payments is just starting but it's never too early to discuss the potential of an investment bubble. In an interview with Mobile Payments Today's sister site QSRWeb.com, Henry Helgeson, CEO of Merchant Warehouse, and Tony Ventre, senior...

Google, Isis show mobile wallets are expensive propositions

Google Wallet has been a hit to Google's metaphorical wallet. According to Bloomberg, Google has spent $300 million in acquiring payment startups to bolster its digital wallet product.

Apple piques more speculation with another mobile payment patent

There are few questions mobile payment followers like to debate with as much gusto as "What's Apple up to?" A new patent application unearthed by Apple Insider will only add to the discussion. The patent, filed earlier this year, is...

Visa throws support to mPOS providers

Card brand Visa Inc. has added three mobile point-of-sale providers to its Visa Ready Program, and approved two additional mPOS providers to accept Visa payments, the company said. Mobile POS providers SumUp, iZettle and Swiff have all been included in the Visa Ready Program, giving them access to tools like Visa's APIs and SDKs.

New report shows limited growth for NFC payments, larger gains for m-payments in general

Following yesterday's news that Gartner was lowering its forecast for NFC payments, Berg Insight may have some semi-good news for fans of the technology. According to a new report from the Swedish research firm, the technology is beginning to see...

Unbanked a potential 'cash cow' for FIs, study finds

A recent report by GoBankingRates.com says that a low-income household earning $15,000 annually is worth about $74.78 to a bank — approximately $423.34 less per year than a household making $60,000.

Study: Payments Innovation and the Use of Cash

A new study concludes that although payments innovations will reduce consumers' use of cash in time, new modes of payment will not show a significant impact on cash for at least a decade. The findings come from the research paper,...

Gartner updates mobile payment forecast, lowers expectations for NFC

New Gartner research has some mixed news for mobile payments: The total value of mobile payment transactions are predicted to continue to grow, albeit more slowly than expected. And Gartner is scaling back predictions for the use of NFC as...

New Spanish m-payment JV joins CaixaBank, Santander and Telefónica

Given the somewhat muted success of massive mobile payment joint ventures, it may come as a surprise that Spanish banks Santander and CaixaBank, along with wireless carrier Telefónica, have announced a new JV that will "develop new business opportunities." Among...

Apple stores to offer payleven's card readers

European mobile POS provider payleven will see its chip-and-PIN reading devices sold through Apple stores. The readers will sell for approximately £99 with a £20 rebate into merchant accounts once merchants begin processing transactions. Like Square readers sold in U.S.

Survey: Consumer attitudes show UK ripe for mobile payments

A host of surveys on mobile payments have provided conflicting information on the state of the industry. But new research from international payments provider VocaLink may provide some guidance, at least as far as the U.K.

First Data to distribute MPayMe mobile bill payment tool in Asia Pacific

Hong Kong-based MPayMe Ltd. and merchant acquirer First Data Corporation have formed a strategic partnership aimed at markets in the Asia-Pacific region.

For payment security, cash is king

A recent survey by retail banking and e-payments software supplier Compass Plus, found that the use of contactless payments is falling well behind expectations in the U.K. Less than 10 percent of survey respondents said they had used their contactless...

Survey: showrooming shouldn't worry retailers

A recent study reveals that the furor over showrooming may be all for naught. According to the 2nd Annual U.S.

Groupon debuts its tablet POS

If new tablet-based terminals from Square and PayPal aren't enough, daily deal provider Groupon has launched a new version of its Breadcrumb POS solution. The iPad app will expand Groupon's footprint from restaurants and bars to include all brick-and-mortar businesses,...

No Square for gun, ammo sales

Mobile point of sale and wallet provider Square has said no to guns. According to CNN Money, the company has updated its terms of service and banned any retailer that sells "firearms, firearm parts or hardware, and ammunition; or ...

Monitise latest entrant into mPOS market

Mobile money provider Monitise PLC has announced that it will be joining the still-growing mobile point-of-sale market with the launch of a new white label solution. Monitise mPOS will be sold to financial institutions, mobile operators and acquirers looking to...

Monitise, Visa Europe complete deal

In March, Monitise PLC and Visa Europe announced a three-year agreement that will see, among other things, the deployment of Monitise's mobile money technology to financial institutions. The agreement was worth €45 million ($59 million) to Monitise.

Australia's eftpos joins with C-SAM to develop NFC mobile wallet

Australia will be getting an NFC-enabled mobile wallet courtesy of eftpos, the nation's largest payment system, and mobile wallet provider C-SAM. C-SAM and eftpos have signed a five-year agreement whereby C-SAM will provide an eftpos mobile wallet and NFC widget...

Citi rolls out tablet banking app worldwide

Citi is rolling out its Citibank for iPad app worldwide, with plans to introduce the app in markets in Asia-Pacific, Latin America and Europe through 2013.

Chinese carriers unite on standard for in-app payments

The Chinese appetite for smartphones — and the applications they run — is becoming ever bigger. In response, two of the country's major carriers are partnering on a new standardized mobile payment plug-in to be used by app developers for in-app payments.

Tabbedout competitor Cover raises $1.5M in seed funding

Another start-up is looking to make it easier for restaurant-goers to pay their tabs with their smartphones, and is hoping to compete with companies like Tabbedout. This time it’s a start-up called Cover.

Most consumers find m-commerce too time consuming, difficult

Merchants may be doing mobile commerce all wrong. Or at the very least they aren't doing it right.

Survey: small merchants are choosing mobile POS

It's not just hype. Small businesses have taken to mobile point of sale and are adopting the technology in increasing numbers.

Study: mobile banking apps key to bank loyalty

Add mobile banking to ATMs as a major channel for cultivating bank customer loyalty. According to a study from Yodlee Interactive, a developer of financial mobile apps, one-third of those who use mobile banking name it as a reason why...

Report: 'mobile wallet' transactions to hit $665B by 2017

Another week, another forecast that mobile payments will eventually see impressive growth even though adoption is muted at present. This time, the prediction is from analysts at BCC Research in Wellesley, Mass.

Wendy's pilots mobile payment feature in its app

Quick service restaurant Wendy's is piloting a new mobile payment option in three markets, according to a story in Mobile Commerce Daily. My Wendy's app users in Portland, Ore., Austin, Texas, and Albuquerque, N.M., can use the application to pay...

PayToo Mobile Wallet offers unbanked access to auto financing

As the digital wallet slowly gains acceptance, it's slowly evolving into something more robust than a place to store digital versions of payment and loyalty cards. In the case of a new partnership between PayToo and Grand Prix Motors, an...

Iceland latest to introduce contactless mobile payments

Iceland is joining the world of mobile payments. According to an announcement from card issuer Valitor, software developed in partnership with Point, a provider of electronic payment solutions, will enable merchant acceptance of both contactless Visa cards and mobile payments...

Google takes its payment expertise to Kenya with BebaPay

Google Wallet has faced strong headwinds in the U.S., where consumers have a host of other payment options. But now Google is exporting its mobile payment expertise to a country in need of secure payment options: Kenya. On its Google...

Isis CEO says efforts moving forward, touts industry partnerships

In the supposedly disruptive world of mobile payments, the status quo reigns — at least as far as Isis is concerned. Delivering the keynote at the Electronic Transaction Association's annual meeting in New Orleans this week, Isis CEO Michael Abbot...

New data shows rapid growth of mobile bill payment

Financial services technology provider Fiserv Inc. has released new data from surveys on the state of bill paying.

PayPal to reach 2 million retail outlets by year-end through Discover

When PayPal announced that its relationship with Discover had been turned on this week, Don Kingsborough, head of retail at PayPal, said the company expected to be in 2 million retail locations by the end of this year. That seemed a bold prediction considering they were in only 250,000 when the news was announced.

Report: Mobile POS to add $1.1 trillion in new card payments

When mobile point of sale solutions began to hit the market three years ago, it was soon clear that enabling merchants to turn smartphones into card processing terminals would disrupt the POS market. It was also clear that these merchants...

Starbucks mobile payment app nears 4M transactions per week

Impressive numbers for its mobile payment app are now a regular part of Starbucks' quarterly analyst calls. They've been catnip for payment analysts and last week's call was no different. Discussing Starbucks earnings for Q2 2013 last week, company CEO...

USA Technologies dispenses loyalty from vending machines

USA Technologies Inc. bills itself as a service provider for "small-ticket, self-serve retailing industries." That means vending machines.

Survey: consumers want financial tools, coupons to adopt mobile payments

It's going to take a lot more than the ability to pay for something to get people to switch to mobile payments. This is according to a new survey by Accenture of 4,000 smartphone users in the United States and...

The rise of the low-cost smartphone and the spread of mobile commerce

The feature phone is gradually giving way to the smartphone, yielding in markets once thought impervious to expensive mobile devices. But in many parts of the world, smartphone shipments today account for a larger percentage of mobile handset shipments than feature phones thanks to the rising availability of low-cost models.

Apple CEO: mobile payments "in its infancy"

For those playing the always entertaining game of "What's Next for Apple?", company CEO Tim Cook provided few clues as to whether Apple's next big thing will be mobile payments. During Apple's second quarter earnings call, Cook recognized the company's...

Contactless card shipments on a rapid upswing

Contactless payment card shipments are increasing at a strong clip, according to annual review data released by the Smart Payment Association. Nearly a quarter of all smart cards shipped in 2012 included contactless technologies, with the largest year-over-year increases in...

Consumers find some mobile retail technology 'creepy'

Retailers have plenty of mobile tech in their arsenal to beef up their approach toward an improved customer experience. But they might want to rethink how they approach deploying it. According to an article from ShopSmart, the magazine published by Consumer Reports, some of that tech could border on creepy, at least in the eyes of the consumer.

Study: mobile and tablet banking

Mercator Advisory Group has announced the publication of "Mobile and Tablet Banking: A Catalyst for Change." The study investigates how mobile devices are changing consumers' management of their financial lives. The proliferation of Internet-enabled mobile devices, and particularly, the growing...

Impact of mobile on PayPal's revenue continues to grow

EBay, the parent company of payment processor PayPal, reported its Q1 2013 results this week and mobile continues to have a growing impact on PayPal revenues. Overall, its payment volume grew 22 percent over last year to $41 billion.

Turkcell adds ticketing to its mobile wallet

Turkish mobile network operator Turkcell has announced the launch of a new mobile payment system for transportation with the integration of its Turkcell Wallet and the Urfakart public transportation card. "We, as Turkcell, are leading the way in terms of...

Study: Consumers want a seamless shopping experience

New research from Accenture's Seamless Retail Study found that as online shopping continues to grow as a consumer preference, there is a mutually beneficial relationship between stores and online channels. For example, while in the six months prior to the...

Study: Despite increased use, mobile payments, banking dogged by security concerns

A new report from Interactive Advertising Bureau, in partnership with InMobi and Viggle, has found that mobile users are increasingly using mobile devices to manage their money. The report shows that 58 percent of consumers regularly use their bank's mobile...

Canada first North American market for MasterPass

MasterCard has announced that Canada will be the first North American market to offer consumers the MasterPass digital wallet. Merchants including Porter Airlines, WagJag, Jaunt.ca and Grocery Gateway will make MasterPass available as a payment method on their e-commerce sites,...

Leaf launches POS tablet for limited-service restaurants

Limited-service restaurants now have a mobile point of sale unit designed specifically for them. Leaf, a provider of POS systems, business intelligence and customer loyalty platforms, has announced its latest solution: Leaf for Quick Serve.

LevelUp, Chartwells pilot mobile payments at college campuses

Mobile payment startup LevelUp has taken the next step in its strategy of world domination: Go after America's impressionable youth. The company is partnering with Chartwells Higher Education Dining Services, a provider of food services to colleges nationwide, on a...

Vantiv completes requirements to process MasterCard EMV transactions at ATMs

Vantiv Inc., a provider of payment processing services, has announced that it is the first U.S. acquirer to complete MasterCard testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and point-of-sale locations.

Report: mobile to outpace other payment methods in next 5 years

Online shopping may be where the attention is focused, but the brick-and-mortar retail store is still where 93 percent of total U.S. retail dollar volume goes.

Report offers definition, advice to FIs on mobile wallets

Analysts at IDC Financial Insights have announced a new report intended to aid financial institutions navigate the world of mobile payments. The report, "Business Strategy: Mapping the e-Wallet Landscape," categorizes the types of mobile wallets — or e-wallets, IDC's preferred...

Bucharest commuters get mobile payment option

The mass transit system in Bucharest, Romania, will offer riders mobile ticketing beginning this month. The announcement from Metrorex, the system's operator, follows a successful pilot of the program at seven stations throughout the city. Subscribers to wireless carriers Orange...

Indian metro system to adopt mobile payments

Chennai Metro Rail Limited, the mass transit system being built in the Indian city of Chennai, plans to offer NFC-enabled mobile payments as a means to enter the system.

NCR's Mobile Pass marks record-breaking usage

NCR announced a mobile milestone today with news that more than 3 million digital boarding passes have been delivered to travelers using NCR Mobile Pass. The service delivers a patented 2D bar code onto a mobile device, allowing passengers to...

Report: 2013 will see plenty of disruption in payments

A new report from Forrester Research looks at the disruptive trends that are going to shape and transform payments in the next year. The report from Senior Analyst Denée Carrington looks at three such trends that are attracting the most...

UL accredited as MIFARE test center

Possibly best known as the people who test consumer products, UL will now test smartcards and mobile devices. The company announced that it has been accredited as a MIFARE test center, ensuring devices will work across third party MIFARE implementations. “UL is very pleased to provide MIFARE certification services.

UK retailer Marks & Spencer to trial in-house mobile payment app (UPDATED)

British retailer Marks & Spencer will run a mobile payment trial beginning next month, according to The Independent. The test of a new mobile payment app, called Paddle, will kick off in M&S coffee shops and feature codes on menus...

Parkmobile expands services in the UK

Atlanta-based Parkmobile is expanding its services in the U.K, extending a payment powered cashless parking system in the Royal Borough of Windsor and Maidenhead in southeast England. Commuters and residents will be able to pay for parking using only their...

Western Union partners on Nigerian mobile money solution

The Western Union Company is partnering with Nigerian payment operator Virtual Terminal Network to offer a mobile money transfer service that will allow consumers to use Western Union to fund a VTN VCASH account, according to a press release. Using...

C&F Bank latest small FI to add remote deposit, mobile banking tools

Mobile banking is becoming an equalizer, with small and regional banks now able to offer sophisticated services via mobile device. Take Citizens & Farmers Bank, for example. The FI, which has only 18 branches in the Richmond and Hampton Roads...

Ghana's central bank, government grapple with mobile money adoption

Reflecting issues faced by nations worldwide trying to implement mobile payment programs, Ghana's National Communications Authority, the governing body responsible for overseeing that country's telecommunications industry, is working with the central Bank of Ghana to boost consumer awareness of mobile...

Hungarian national mobile payment system will launch this fall

Hungary is planning to launch a mobile payment system nationwide, according to the Budapest Business Times.

Mobile payments, the more hygienic form of payment

Mobile payment providers hoping to disrupt payments make a lot of claims about their products, touting them for convenience and security. Now add another benefit to mobile payments: cash is disgustingly unclean. According to payment brand MasterCard, scientists at Oxford...

500M NFC phones to hit market by end of next year

Though there are plenty of NFC skeptics, one thing's for sure: If the technology doesn't take off it won't be for lack of consumer access. According to ABI Research, more than 500 million NFC-enabled devices will be in use by consumers worldwide by the end of next year.

Study: consumer bill payment migrates to online, mobile channels

Money transfer specialist The Western Union Company released its most recent Money Mindset Index, a study of how consumers pay their bills, and no surprise, use of mobile bill payment is on the rise. According to the study of U.S.

Visa may have to pay billions for European network

The European banks that currently own Visa Europe are thinking of setting up their own competing payments network in Europe. Not only would this mean new competition for the card giant in its European markets, but it would also mean...

Virtual currency exchanges get real rules

The playing field for U.S. legal tender and virtual currencies has just been levelled a bit. The U.S.

PayPal acquires mobile development company Duff Research

PayPal has announced that it has acquired mobile app developer Duff Research in order to deepen its mobile payment talent pool. "Duff Research is an innovative provider of full service mobile app development for some of the world's leading brands...

Elavon promotes mobile innovation with new business unit

Demonstrating the focus that mobile has become in the world of payments, Elavon, the merchant acquiring part of U.S. Bancorp, has opened a mobile innovation center at its Atlanta headquarters.

Report: 1 billion mobile banking customers by 2017

Bill payment from a tablet is, not surprisingly, on the rise. Analysts at Juniper Research said that growing acceptance of mobile banking coupled with a rise in tablet adoption will push users of transactional tablet banking to nearly 200 million consumers in 2017.

iPhone NFC rumors come with a biometric bonus this time

Is it ever too early to begin predicting NFC and mobile payments on the next iPhone? Of course not! And this time, predictable predictions about NFC come with an extra portion of cool: fingerprint sensors. According to 9to5Mac.com, a fingerprint...

VeriFone CEO Bergeron to step down

VeriFone has announced that Douglas Bergeron is stepping down as both CEO and member of the board, effective March 12. Richard McGinn, the company's chairman, will become interim CEO. "It has been an honor to lead VeriFone through such an exciting period in its history," Bergeron said in a statement.

Study finds racial differences in mobile aptitude

Black consumers 18 and older are more mobile-minded than the general population and appear to be on the leading edge of engagement when it comes to using their mobile device to aid in shopping as well as viewing online content...

Report: global mobile payment transactions to hit $1 trillion by 2015

Research service Heavy Reading Mobile Networks Insider is making a bold prediction for mobile payments, forecasting that they will account for $1 trillion in global transactions by 2015. That's a full two years ahead of similar predictions from other analysts....

FTC issues report on mobile payment security, privacy

Almost a year after holding a workshop on mobile payments, the Federal Trade Commission has issued a staff report on the issues it believes consumers and companies are dealing with when adopting mobile payment services. The report, like the workshop,...

New mobile commerce tools for developers released by PayPal

PayPal may be feeling the heat from more developer-friendly online payment processors like Braintree and Stripe. The company announced it is updating its bag of tools for developers, releasing a new mobile SDK and easier code for integrating PayPal as...

US Bank rolls out mobile bill payment

Announced in early December, U.S. Bank is officially rolling out mobile bill payment to its customers.

LevelUp accepted at SXSW concessions

LevelUp has scored a bit of a coup at this year's SXSW. The company announced it will be the only mobile payment method accepted at every concession stand at the Austin Convention Center during the event.

Number of Kiwis using mobile banking apps doubled in past year

New Zealanders are rapidly adopting smartphone apps to meet their banking needs. In the past year, the number of Kiwis conducting bank transactions through a smartphone app nearly doubled, according to a study by research firm Roy Morgan. While a...

Samsung jumps on mobile wallet bandwagon

Even though digital wallets existed before the Apple Passbook, Samsung will likely be accused of copying Apple with its latest development: a new mobile wallet application that allows users to store virtual event tickets, coupons, membership cards and boarding passes...

Consumers still trust branch, ATM and online banking over mobile banking

Through all the Mobile World Congress hoopla over corporate alliances, open platforms, new players and all the rest, it seemed that the least ink (or electrons, as the case may be) covered one of the most important aspects of mobile...

Wincor, eServGlobal showcase integrated mobile money solution

Wincor Nixdorf and mobile money specialist eServGlobal are using this week's Mobile World Congress to spotlight their new and extended concepts that let unbanked consumers deposit, withdraw or transfer money through ATMs using just their mobile phones. A study by...

Mobile Payments Today opens a job board

The rapid growth of mobile payments has led to a shortage of sorts. Companies are finding it hard to find talent with a background in either mobile technology or payments and are hard pressed to find good developers, marketers, product managers and designers. To address that need, Mobile Payments Today is launching a new service: a job board.

Visa establishes program for mobile payment providers, partners

Visa wants to make payments easier, or at least easier to understand. The payment giant announced the launch of a new partner program that it said is intended "to accelerate the introduction of innovative payment solutions globally and further drive...

Dutch banks partner on NFC mobile payment test

According to de Telegraaf, a new NFC pilot program involving wireless carrier KPN, payment giant MasterCard and three Dutch banks — ABN Amro, ING and Rabobank — will launch this summer offering a select group of citizens of Leiden, Netherlands,...

Report: US not likely to meet EMV deadlines

Showing someone a road map is one thing; it's up to them to follow it. And it looks like U.S.

UK Payments Council foresees mobile eclipsing plastic

The Payments Council, an organization representing the interests of the U.K. payment industry, has released a new report on the way Britons pay for things.

GSMA to offer MWC delegates a mobile wallet

A group of delegates to the Mobile World Congress in Barcelona will be offered the opportunity to pay with their phones. CaixaBank, Gemalto, Telefónica and Visa Europe have announced they will be offering 3,500 delegates at the conference a smartphone complete with a mobile wallet pre-loaded with €15 ($20).

Millions showing Snapfinger's mobile app some love

For the past eight years, Valentine's Day has been the busiest day of the year for mobile takeout and delivery orders, according to Snapfinger, a mobile commerce platform for the restaurant industry. This year was no exception as the mobile...

Report: Young adults not enamored with credit cards

According to a report from Mercator Advisory Group, consumer credit card use remains steady, but young adults age 18 to 35 are eschewing credit cards. In its "Consumers and Credit 2012: Come Back, Young Cardholders" report, Mercator said that only 59 percent of young adults in this age group have credit cards.

Qube Processing the latest to enter mPOS market

Another provider is jumping into mobile point of sale, but this one is offering a proposition that is slightly different from the many competitors with their generic pricing and plastic dongles. Dallas-based Qube Processing is promoting a solution that is...

Pageonce offers bill payment via mobile to local businesses, individuals

Pageonce, a provider of bill payment services via mobile devices, has announced that it's expanding its payment services with Pay Anyone, a service that caters to to individuals and small businesses. The service lets users pay not only national and regional retailers but also landlords, pre-schools and sports teams, the company said.

Study: majority of mobile users bank, shop on their devices

Prosper Insights & Analytics has released the results of a new survey of mobile users and found that three out of four users (77.1 percent) conducted banking activities using a smartphone or tablet. Additionally, more than half (57.9 percent) said they engage in shopping behaviors via mobile, the report said.

Ticketmaster to offer digital, mobile ticket transfer

Ticketmaster is going digital, introducing a new digital ticket transfer service for North American Ticketmaster tickets. Through the service, ticket buyers can transfer authenticated tickets to someone else through their Ticketmaster accounts.

MokiMobility intros app directory for tablet solutions

MokiMobility announced yesterday the launch of the MokiMobility Solution Center, an app directory for purposed tablet solutions, providing a centralized resource for businesses deploying tablets as point-of-sale, customer loyalty, surveys and digital signage. The Solution Center will feature apps that...

Banks to spend $118B on tech, mobile banking in 2013

Retail banks worldwide will increase their IT spending by 3.4 percent this year — to a total of $118.6 billion. Industry analysts at Ovum predict that spending in Asia will rise 5.1 percent, followed by North America at 3.3 percent,...

PayPal takes aim at convenience stores with new deal

PayPal is extending its offline payment strategy to the pump. Gilbarco Veeder-Root, a provider of point-of-sale solutions for convenience stores and gas stations, has announced it's integrating PayPal's digital wallet into its equipment.

Professional services from ROAM to offer merchants guidance on mobile payments

One of the bright spots in mobile payment adoption continues to be the mobile POS space, where Boston-based ROAM has carved out a niche by providing white label solutions for other companies to market under their own brands. But as...

South African Nedbank offers EMV mobile POS

While payleven is launching a chip-and-PIN reader in Europe, South African Nedbank is launching one in that country. The Nedbank PocketPOS is the first live EMV certified mobile POS solution in South Africa, Nedbank said. The solution uses a card...

CarCharging and DoubleBeam to bring mobile payments to electric car charging

Mobile payments and electric cars would have seemed at one point the stuff of scifi. But Car Charging Group Inc., a provider of convenient electric vehicle charging services across the U.S., announced it will be working with mobile retail service...

Aussie smartphone owners gravitating toward mobile banking

An Australian study has found that the proportion of that nation's smartphone users who conduct banking transactions on their phones is now greater than 20 percent. Meanwhile, the percentage of smartphone users who bank online has dropped: Fewer than half...

Moven is removin' 'bank' from its moniker

Don't call 'em Movenbank. It's just Moven now. The virtual bank has decided that the "bank" part of its name doesn't comport with its desire to be a revolutionary new approach to financial services.

Parkmobile raises $6.3M in new funding

Parkmobile, a provider of mobile payment solutions for parking applications, announced it has closed a round of funding worth $6.3 million. The round included current investors BCD Holdings, Parkmobile Group, Fontinalis Partners and Bluefield Investments. Based in Atlanta, Parkmobile's mobile...

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.

Alipay sees massive growth in mobile payments in China

Alipay, the "Chinese PayPal," has released a new report on mobile payment use in China and the growth is staggering. In a story courtesy of China Retail News, Alipay reported that in 2012, the value of payments increased 546 percent year-over-year. The number of consumers using mobile devices to pay increased 223 percent, Alipay reported.

Green Dot gives mobile payments a red light for now

According to Bank Innovation, Green Dot's foray into mobile financial services through its GoBank product is where the company draws the line on mobile payments — at least for now. In a quarterly earnings call, company CEO Steven Streit said...

Brazilian carrier TIM piloting NFC mobile payments

Brazilian wireless carrier TIM has announced that it is beginning a mobile payment pilot using NFC. The company is partnering with Brazilian bank Banco Itaú, card brand MasterCard, POS-maker Redecard and digital security provider Gemalto.

Co-op Financial Services rolls out phase I of "virtual CU branch"

Co-op Financial Services has announced the availability of Co-op Sprig, a free, multi-institution "virtual branch," accessed online or via mobile, that lets members make person-to-person payments and aggregate their accounts in a single portal. An in-network solution, Co-op Sprig allows...

Angie's List and Square team up on mobile POS

Consumer advice site Angie's List will be working with mobile payment provider Square to offer small businesses and tradespeople the ability to accept electronic payments through its Angie's List Business Center "Working with Square will help provide happier transactions for...

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.

Ingenico acquires online payment provider Ogone

Point-of-sale and payment provider Ingenico has acquired Ogone, a European online payment services provider. The total value of the deal is €360 million ($483 million). Ingenico called the acquisition "a key milestone" in its strategy of becoming a "one-stop-shop" provider...

GSMA to highlight NFC at annual conference

GSMA, the association for the international wireless industry, has announced the addition of the NFC Experience to Mobile World Congress, the organization's annual conference in Barcelona. The MWC will take place Feb.

Starbucks still feeling a buzz from mobile payments

Two years after it launched its payment app, Starbucks remains the unchallenged leader in mobile payments. From just about any perspective, from use frequency to volume to user experience, the Starbucks mobile payment app is the gold standard.

NFC Forum creates special interest groups to address growth of industry

The NFC Forum, a trade association promoting near field communication technology, has announced the formation of special interest groups to address the application of NFC to several vertical industries: consumer electronics, health care, payment, retail, and transportation. The hope is...

NCR, Elavon team up to offer small biz mPOS solution

NCR Corp. and Elavon, the merchant acquirer owned by U.S.

OLO receives $5M in funding thanks to mobile ordering growth

OLO, a digital commerce engine for restaurants, announced a $5 million dollar Series B financing from PayPal and existing investors. The New York-based company is hiring as it aggressively scales operations for 2013. OLO allows customers to order and pay from restaurant websites and mobile apps, so that they can skip the line.

ASC X9 proposes exploring alternatives to EMV

Could there be an open, industry-based alternative to EMV? The Accredited Standards Committee X9 Inc. seems to think so. In a Jan.

Mobile marketing by retailers to hit $55 billion

It's a good time to be supplying retailers with mobile marketing solutions. According to U.K.-based analysts at Juniper Research, spending by retailers on mobile marketing will reach $55 billion by 2015, up from $28 billion this year. In a new...

Adyen announces processing milestones

Global payment processor Adyen has released some results for 2012 and its growth is impressive, especially in mobile processing. According to the company, it processed more than $10 billion in payment transactions worldwide. That's a 35 percent year-over-year increase.

ABA, trade groups ask CFPB to delay intro of remittance transfer rule

Members of a variety of industry groups are asking the Consumer Financial Protection Bureau to delay implementation of its new rules for remittances. A delay will allow the groups to implement the rules across systems and processes in a thoughtful,...

TAS Group, B2 Payment Solutions partner on EMV migration services

TAS Group, a solution provider for EMV transaction acquiring, authorization and data preparation, and B2 Payment Solutions, a provider of consultancy, training and solutions for EMV and contactless payments, have entered an international reseller agreement. The arrangement is intended to...

MasterCard to share EMV solution with U.S. debit networks

MasterCard has announced that it is making some of the company's proprietary technology solutions available to other U.S. debit networks in order to facilitate migration to the EMV standard.

Citibank offers its first mobile payment solution through Citibank India

Citibank will be offering its first fully integrated and certified mobile payment solution. The product is being launched by Citibank India and will be made available to 320 million Citibank card customers in India, the company said. Citibank India didn't...

ETA to offer award to most innovative payment startup

The Electronic Transactions Association is a trade association for the payments industry, which hasn't always been known for excitement. But that's changing quickly and the ETA is fully embracing the change. The organization has announced that it will present an award this year at its annual meeting for payments innovation.

Electric vehicle charging stations add mobile payments

Electric vehicle (EV) charging stations are a big convenience for earth-friendly drivers. And with a new service from ParkNOW! and SemaConnect, EV drivers can charge-up faster with the help of their smartphone. The mobile payment service ParkNOW, along with EV...

Forrester: mobile payments to see 48% CAGR through 2017

If this week's National Retail Federation "Big Show" in New York didn't demonstrate the growing interest in mobile payments, with its multiple panel discussions and vendor booths dedicated to omnichannel commerce, perhaps a new report from research firm Forrester will...

Mobile POS provider mPowa sees opportunity in Brazil

MPowa has been looking everywhere for new markets for its mobile POS solution. The company recently indicated that it was eyeing both the Indian and U.S.

TxtNation commits to new version of UK micropayment scheme

U.K. carrier biller txtNation has announced that it's offering Payforit 4, the latest version of the Payforit micro-payment scheme, on its platform for U.K.

Study: Mobile banking users to exceed 1 billion worldwide by 2017

It seems that mobile banking has arrived. This year 590 million mobile phone users across the globe will use their device for banking purposes; by the end of 2017 the number will exceed 1 billion. According to Hampshire, U.K.-based Juniper Research, that 1 billion will represent more than 15 percent of the world's mobile subscriber base.

Mobile payments in China expected to top $114B within 2 years

The mobile payment market in China looks to be turning into a force to be reckoned with. Market research firm Analysys International recently predicted that by 2015, mobile payments in the People’s Republic will top CNY712.3 billion ($114 billion). Also...

Kenya's mobile banking scheme M-Shwari hits early milestone

Kenya's mobile payment market seems to be leading the way once again. The country that gave us mobile money scheme M-PESA recently saw the launch of M-Shwari, a more "traditional" banking product aimed at the unbanked. With M-Shwari, users can...

Brazilian startup PicPay launches its mobile payment app

The South American mobile payment market is gaining some traction. PicPay, which lets users scan QR codes with their smartphones to purchase items online, has launched in Brazil. According to a report at The Next Web, the small startup has...

Report says Brits not likely to turn to mobile wallets in 2013

Those hoping the coming year will see the apocryphal "tipping point" for mobile wallets in the U.K. may want to ignore the latest report from ICM Research. According to the London-based firm, the market's just not ready, and smartphone users don't have an overwhelming awareness of mobile wallets just yet.

Javelin identifies top mobile, payment trends for 2013

Analysts at Javelin Strategy and Research have identified their top 10 transformational trends for 2013 in payments, banking, mobile and security. According to Javelin, the trends point to a constantly evolving financial services arena where mobile and social media are...

Vodafone chief says Weve will launch this year

Vodafone's chief exec Vittoria Colao is bullish on mobile payments in the U.K. and promised that Weve, the company's joint venture with British mobile carriers, will launch this year. In a post at the Daily Telegraph, Colao said Weve, the...

Square lands on 2012 top 10 list for venture funding

Skeptics of mobile payments need only follow the money to see that not everyone thinks it's all hype. According to PrivCo, which tracks information on privately held companies, the round of venture funding raised by Square last year was one...

Nigerian mobile money market to hit $1B by 2015

Developing markets, where consumers may have limited access to basic financial services, have become test beds for mobile money schemes, providing the underbanked the secure, reliable means to pay bills, transfer funds and store money. According to a post on...

Report tracks global mobile payment acceptance

And the year-end mobile payment wrap-up reports continue to roll in. One of the latest, "Global Mobile Payment Methods 2012," from the U.K.

Restaurants, small biz should look to mobile payments for competitive edge

Electronic Commerce International, a provider of credit card processing for small business, has forecast that 2013 will be another big year for mobile payment solutions among small and medium size businesses. Further, ECI CEO Jim Anderson said it could could...

Report: Why mobile commerce is set to explode

A new report from BI Intelligence takes a close look at the dollar value potential of the mobile commerce market and the trends — mobile payments, purchases via tablet, and social-local-mobile marketing — that are rapidly moving the needle for...

Security, fee fears slow mobile payments adoption in Sweden

Though Sweden seems to be far ahead of the rest of Europe in terms of smartphone adoption, Swedes aren't yet sold on using their phones to make mobile payments. A new study by data analysts at eMarketer estimated that smartphone...

Mobile payments event to launch at ETA Annual Meeting and Expo

The Electronic Transactions Association and Mobile Contactless Payment Innovations have announced that they will collaboratively launch the Mobile Payment Innovations 2013 conference, which will be held in conjunction with the 2013 ETA Annual Meeting and Expo in New Orleans on...

New application security model advanced by GlobalPlatform

NFC standards organization GlobalPlatform has announced that it is advancing its "Composition Model" to make it faster and easier for developers and product issuers to perform security evaluations on their NFC contactless apps. The GlobalPlatform Composition Model defines an easy...

Mobile banking expected to triple from 2012 to 2016

The future of mobile banking is strong, according to a new report from analysts at Aite Group. The Boston-based research firm said that approximately 7,000 financial institutions in the U.S.

Report: in-app payments to turn branded apps into sales channel

Consumers are going to find it easier to shop using mobile apps if Gartner Inc. is right.

Fiserv publishes mobile ROI white paper

Financial services technology provider Fiserv Inc. has published a free white paper that discusses the value FIs can realize from their mobile banking channel by taking mobile beyond basic services.

Mobile self-service apps could be a must for businesses

As mobile self-service apps become more commonplace with consumers, it is up to businesses to determine how best to use the tools to their advantage, according to ameinfo.com. The mobile approach has many advantages, if done correctly. As the excerpt...

Motorola survey shows impact of mobile on shopping

Findings from the Motorola Solutions annual holiday shopper study highlighted the impact of mobile devices on the shopper experience across various age demographics. Some key highlights include: Nearly one-half of Gen Y shoppers, 38 percent of Gen X shoppers and...

Report: fraud threat to mobile payments to grow in 2013

Security is ever the worry with new technologies and this is especially true for mobile payments, where new technology meets financial access. Usually, as a technology matures, threats are gradually neutralized.

Mobile POS provider SumUp available in more European markets

The U.S. mobile point-of-sale market is in flux with VeriFone deciding to kill its SAIL product, but the market in Europe is only getting more competitive.

Proxama, SMARTRAC partner to show off NFC's capabilities

Mobile wallet provider Proxama and SMARTRAC N.V., a supplier of RFID technology, have announced that they will collaborate on kickstarting the NFC market, working with consumer-facing brands and agencies to showcase how NFC can work with their marketing efforts. "Over...

PayPal chief predicts more payment disruption in 2013

PayPal president David Marcus took to the company's blog to make some 2013 predictions. Not surprisingly, the predictions happen to coincide with PayPal's strategies for delivering its mobile and offline payments. "At PayPal we have an end-to-end view of the...

NYC says OK to taxi hailing, payment apps

Mobile apps scored a small but significant victory last week, one that will likely have repercussions for mobile payments in general. The New York City Taxi and Limousine Commission announced that its Board of Commissioners has passed a pilot program...

QSecure offers mobile-powered alternative to plastic cards

QSecure Inc has announced what it calls a solution for "breaking the mobile payment stalemate." It's IMAGO, a product that combines a "powered payment card" with an app for iOS, Android and Windows phones. A powered payment card is a...

Broadcom's new quad-core chips to include NFC to support m-payments

Following Qualcomm's announcement earlier this week that it will market a line of NFC chips next year, semiconductor competitor Broadcom announced its launch of a new certified NFC "quad-combo" solution next year. The chip will combine NFC, Wi-Fi, Bluetooth and...

Most retail brands miss the mark on mobile functionality, study shows

While consumer spending reports indicate that mobile commerce is gaining speed, a new study finds that most top 20 retail brands fall short of consumer expectations for well-functioning websites and apps. The Mobile Shopping Satisfaction Report, an independent consumer study...

Report: Square to deploy its card reader, app at Burberry stores

Square is looking to sign another retail partner, this time luxury fashion brand Burberry. According to a report on The Next Web, sources familiar with the plan said Burberry will install Square payment readers and Square Register at its U.S.

Time to start predicting NFC in the next iPhone

It begins again. The non-NFC-enabled iPhone 5 has been out for three months and already rumors the iPhone 5S (assuming Apple stays with the same naming convention it used with the iPhone 4/4S) will have NFC in it. According to...

Research firm revises NFC transaction forecast downward

File last year's Juniper Research forecast for NFC payments under "never mind." The U.K. research group has issued a new forecast for the growth of NFC and they've scaled back their estimates from $180 billion in NFC transactions to $110...

Smartphone self-checkout app launched by QThru

QThru, a mobile point-of-sale platform that enables consumers to shop, scan and check out using their smartphones, announced today the launch of its mobile app for iOS and Android. The QThru app allows shoppers to skip checkout lines and make...

'La Caixa' to roll out mobile payment stickers in Barcelona

Spanish CaixaBank SA is launching its TAP Visa contactless payment system in Barcelona. To enable payments, the system uses smart chip-embedded TAP Visa stickers attached to the backs of mobile devices. Customers using the system simply tap their sticker-clad devices against an NFC-enabled POS terminal.

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...

Forget about spare change: USA Technologies, Isis bring m-payments to vending machines

If the best test cases for NFC payments are small, frequent transactions such as parking and transit, a new deal announced today between USA Technologies Inc. and Isis may be the beginning of something big. USAT is a provider of cashless payments for self-serve retailing (think vending machines).

New mPOS solution from Adyen offers mag stripe and chip-and-pin acceptance

Amsterdam-based payment processor Adyen is the latest company to jump into the mobile POS market, announcing the availability in Europe of its Shuttle solution. But unlike other competitors whose solutions turn a smartphone into a mobile credit card terminal, Adyen's...

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.

Pageonce updates, redesigns its bill payment app

Pageonce, the company behind the Pageonce - Money & Bills personal finance app, said it is on a mission to simplify people's daily financial lives. As a part of that quest, the company announced a new version of its app...

Mobile money system M-PESA to offer Kenyans traditional savings and loan services

M-PESA is proving a boon to millions of unbanked citizens in markets where it's been rolled out. The mobile money system has provided those with limited access to financial services a way to make safe, secure transactions. But what it...

It's official: Cyber Monday was a big day for m-commerce

PayPal has been diligently tracking and publishing its mobile payment volume through the early holiday shopping season, and the company has now announced final numbers for Cyber Monday, the unofficial start to the online portion of the shopping season. As...

Indian banks flip the switch on unified mobile banking platform

India's push to provide access to financial services through mobile means took another step forward when Shri P. Chidambaram, India's Finance Minister, recently announced the launch of a National Unified USSD Platform by India's National Payment Corporation. The NUUP allows...

PayPal continues to see mobile payments surge this holiday season

PayPal continues to tout the huge increase in mobile shopping it's seeing this holiday season compared with last year's. According to the company, mobile payment volume, which PayPal defines as online shopping done through a smartphone or tablet, was nearly...

Cyber Monday could see record number of shoppers, many of them mobile

Cyber Monday is here, and if a survey for Shop.org by Biginsight is correct, more than 129 million shoppers will turn to the web today to search out retailer deals. The figures from the survey show a steady growth for...

NFC market booms as the technology exits 'trial phase'

?The mobile NFC market isn't just growing — it's exploding, suggesting that contactless payments could quickly become the norm. Emerging technology forecasting and analysis firm ABI research expects an increase in NFC-enabled devices shipped to skyrocket from 102 million this...

Holiday shopping off to a mobile start

It's Cyber Monday. Other than the dubious distinction of being the biggest online shopping day of the year — and the unofficial start of the online holiday shopping season — Cyber Monday is also known as the day when the...

Mobile devices pose increased risk for fraud during holiday shopping season

It turns out that finding a parking spot at the mall isn't the most dangerous part of Black Friday. According to ThreatMetrix, a provider of cybersecurity solutions, the biggest threat consumers face may be the phone they carry in their pockets.

Survey reveals consumers open to mobile payments at POS

According to a joint national survey conducted by Sybase 365 and the Mobile Marketing Association (MMA), mobile devices are playing a more crucial role than ever before in influencing consumers’ shopping decisions at the point of sale and across every...

Consumers get best card deals possible through Wallaby mobile app

Wallaby Financial has released a new iPhone app that demonstrates how mobile payments can give consumers a better payment experience than plastic: it creates dynamic, real-time offers. Using the app, consumers can choose which credit card to use for a...

FIS makes mobile deposit capture possible for Bluebird users

With its selection of FIS to provide remote deposit capture on mobile devices, Bluebird is offering its consumers an even more "bank-like" experience. Bluebird is the American Express prepaid account available through Walmart stores. The program is intended as an...

TSYS buys Propay to bolster its mobile business

Payment tech company TSYS said it has signed an agreement to acquire ProPay, a Lehi, Utah-based payment solution provider. ProPay works mostly with small and micro-merchants, approximately 250,00 of them, and offers services like mobile POS solutions. "The acquisition of...

Braintree begins processing in Australia

Payment platform Braintree is headed down under, announcing that it will provide mobile and online processing services to online merchants in Australia. This is a part of the company's strategy to expand into international markets. Earlier this year the company made the move into Europe and Canada.

Square now processing $10B a year

When hitting a milestone, some companies might send out a press release announcing the momentous news. But when your founder also founded Twitter, what better way to send out news than with a tweet? That's how Square let everyone know...

FIs and merchants partner with Visa on V.me digital wallet

Card giant Visa Inc. is expanding its V.me by Visa digital wallet from its beta stage, announcing that more than 50 financial institutions, as well as nearly two dozen merchants, will be offering their customers access to the product. V.me is Visa's entry into the increasingly crowded digital wallet space.

Boston commuters get mobile ticketing option

Boston commuters can begin saying goodbye to paper tickets. Starting today, riders on MBTA Commuter Rail lines on routes north and west of the city can use their smartphones to ride the train. A new mobile ticketing effort lets MBTA customers purchase tickets and passes from anywhere via the MBTA mTicket app for iPhone and Android devices.

VeriFone SAIL goes international, offers EMV support

VeriFone is adding EMV acceptance to its SAIL mobile point-of-sale platform and taking on the world. The company has announced the launch of SAIL EMV, a new platform that lets financial institutions and merchant acquirers provide smartphone- and tablet-based chip-and-PIN card payment acceptance solutions to their small and medium-sized customers.

Vodafone and ICICI Bank bring m-pesa to India

Vodafone is bringing its successful m-pesa mobile money program to India through a partnership with ICICI Bank, India's largest private financial institution. The new service, called m-pesaTM, will be rolled out by a subsidiary of Vodafone India, Mobile Commerce Solutions...

New chip from INSIDE Secure extends NFC technologies to non-enabled devices

INSIDE Secure, a leader in semiconductor solutions for secure transactions and digital identity, has announced the PicoPulse NFC "booster" chip that enables manufacturers to fit all components of an NFC card emulation and peer-to-peer mode solution into a standard SIM...

VeriFone to outfit Polish taxis with mobile payments

U.S. POS-maker VeriFone Systems Inc.

Starbucks continues to give mobile payments a buzz

The Starbucks mobile payment app keeps rolling along, setting the standard for other mobile payment applications. During last week's Q4 2012 earnings call, company CEO Howard Schultz said the app is now being used more than 2 million times per...

Carrier biller txtNation expands its global footprint

Direct carrier biller txtNation has announced that it is expanding its services to reach more countries and integrate with more mobile network operators. Merchants will now be able to connect to the billing platforms of carriers in several countries, including...

Canada joins the mobile payment world

Rogers Communications and Canadian bank CIBC ushered in a new world of payments today. At an event at a Tim Hortons restaurant in Toronto, the companies formally introduced their new mobile payment scheme by having Canadian Olympian Simon Whitfield complete...

Token management provider Bell ID joins EMV Migration Forum

Rotterdam, Netherlands-based smart token management solution provider, Bell ID, has joined the EMV Migration Forum. The forum brings together payment systems, FIs, manufacturers and others in the NFC ecosystem to ensure interoperability, security and consumer usability of secure-chip technology. As...

Hang Seng Bank to offer NFC payments in Hong Kong starting in 2013

Hang Seng Bank of Hong Kong plans to introduce an NFC-based mobile payment scheme during the first half of 2013. The effort includes partnerships with wireless carrier PCCW mobile, MasterCard Worldwide, digital security provider Gemalto and handset manufacturer Samsung. "Hang...

Dutch banks prep for m-payments, issue MasterCard contactless cards

Two Dutch banks, ABN AMRO and ING, will soon launch contactless debit cards through MasterCard's Maestro brand next year in preparation for a wider rollout of mobile payments in the Netherlands in 2013. The cards will be enabled by MasterCard's...

GlobalPlatform publishes secure element implementation guide

GlobalPlatform, the organization that sets standards for the management of applications on secure chip technology, has announced a new implementation guide for the deployment of its latest specification on a secure element. The group said the document will be of...

T-Mobile, Gemalto to offer NFC payments, services in Poland

Gemalto is having a big news week. Two days ago the digital security company announced an agreement with Vodafone to support that carrier's new mobile wallet.

PayPal layoff rumors prove true

The rumors were sadly true. PayPal president David Marcus, posting on the company's blog, reported that 325 fulltime employees and approximately 120 contractors were laid off today.

New INSIDE Secure chip may end SE control debate

In the world of NFC payments, one of the big questions has been who will control the secure element, the chip that stores payment credentials and personal data. Will it be the carrier or the company providing the mobile operating system? Now semiconductor-maker INSIDE Secure may have a solution.

BBVA to bring Visa's V.me digital wallet to Spanish market

Visa Europe announced that Spanish bank BBVA will be the first financial institution to launch its V.me digital wallet in Spain. A trial for the product will begin next month with a rollout sometime in 2013. V.me is Visa's entry...

Vodafone expands M-Pesa with link to remittance hub

U.K. telecommunications giant Vodafone is set to expand the reach of mobile money program M-Pesa by connecting it to HomeSend, an international remittance hub. M-Pesa, launched by Vodafone in 2007, gives consumers in developing countries with no access to basic...

Survey from Litle & Co. may dampen enthusiasm for m-commerce this holiday season

According to a study released today by payment processor Litle & Co., enthusiastic estimates on the impact of mobile commerce and payments on the coming holiday season may need to be tempered. Litle & Co.'s study found that 60 percent...

MasterCard partners on NFC payments in Poland with Orange, T-Mobile

Payment giant MasterCard is following its strategy of partnering with global wireless carriers to bring NFC payments to market. The company announced two such partnerships in Poland with two of that country's mobile network operators, Orange and T-Mobile. "2012 has...

American Express adds to iZettle's Series B funding

Swedish mobile POS company iZettle has grabbed American Express as an investor, adding Amex to its recently announced Series B round of funding. Previously announced investors in that round include Greylock Partners, Northzone, MasterCard, and SEB Private Equity, as well...

Chexar gives unbanked mobile tools, remote deposit capture to Visa prepaid cards

Remote deposit capture is last year's big story. Now it seems like every bank offers customers the ability to use their smartphones to deposit checks into their bank accounts.

New research platform measures consumer location, behavior analytics

Location analytics firm Placed has launched its Placed Panels, a free service to measure the real-world behavior of opted-in panelists. Companies can use Placed Panels to recruit panelists to measure and analyze the places their customers visit in the physical...

Mobile a 'game changer' according to eBay CEO

Calling mobile a "game changer," eBay Inc. president and CEO John Donahoe reported the company's revenue for the third quarter increased 15 percent to $3.4 billion compared to the same period last year.

Scan and Go crosses the pond, piloted in London Sainsbury's

Sainsbury's supermarket in London is currently testing the Scan and Go self-checkout app that made headlines here in the U.S. when Walmart piloted the program. The customer logs in by scanning a QR code when they arrive, and then scan the QR codes on packaging or on the shelf next to the price information, according to an article on truthdive.com.

Indian mobile payment provider iKaaz rises from Nokia Money's ashes

It looks like team members for Nokia's mobile money product in India are coming back for more. The core team of Nokia Money, which was shut down and sold by Nokia earlier this year, has announced that its launching iKaaz.

New mobile payment testing solution offered by Clear2Pay, TestPlant

Payment technology provider Clear2Pay and testing solution company TestPlant have announced a joint effort to offer a new test solution for the mobile payment space. The aptly named Mobile Payment App Test Solution will allow companies looking to enter the...

Canadian payment JV sells mobile wallet, changes focus

While Isis (finally) goes live, its Canadian cousin EnStream, the mobile payment joint venture between carriers Bell, Rogers and TELUS, has quietly sold off its mobile wallet and will be refocusing its efforts. The JV sold its Zoompass mobile wallet...

Uber shuts down taxi service in NYC

In New York City, Uber is over. The mobile ride-finding and payment service has called an end to its pilot program that allowed New York area patrons to use the UberTAXI app.

Square ends NYC taxi pilot program early

GigaOm's Ryan Kim is reporting Square is shutting down a pilot program it was running with New York City's Taxi and Limousine Commission. The company was testing an iPad-based system for processing payments in approximately 15 New York cabs. The...

PayPal reducing workforce

Payments is a competitive market becoming even more competitive as new technologies like mobile draw an increasing number of companies into the race to provide alternative payment methods. The fierce competition is forcing incumbents to operate more efficiently.

Rogers Communications shipping mobile payment chips next week

It looks like Canada's getting an NFC-enabled mobile payment product next week. An internal memo from Rogers Communications sent to Mobile Syrup indicates SIM chips for its suretap mobile payment product will be sent to stores beginning Monday, October 15. Suretap is the mobile payment partnership between Rogers and Canadian bank CIBC.

Isis gets a start date

We have a date: October 22. That's the date pilot programs for Isis will go live in Salt Lake City, Utah, and Austin, Texas, according to a new document received by tech site Android Central from an anonymous source. The document is an internal Isis memo sent to stores.

Nigeria's cashless policy not living up to expectations

Nigeria's "cash-less" policy is lagging behind the government's early expectations, according to Bismark J. Rewane, managing director of Nigeria-based Fiscal Derivatives Co.

Payleven offers first international chip-and-pin mobile POS solution

It’s a big day for mobile POS as more and more companies announce they're entering new international markets — but none of those companies is Square. German mobile POS provider payleven announced it will be offering its new international solution,...

Report shows fraudsters are increasingly using mobile devices

Showing the growing importance — and subsequent threat — of mobile devices in financial services, online security company iOvation announced that 12 percent of all financial services transactions it protects are now coming from mobile devices like iPhones, iPads, Android...

Salt Lake City adds parking to list of mobile payment options

Salt Lake City is becoming a hotbed for mobile payments. Next month (maybe), the city will be a pilot city for Isis, the mobile payment joint venture between AT&T Mobility, Verizon Wireless and T-Mobile USA.

NuWallet offers the market another new wallet

NuWallet Inc., a provider of mobile payment and personal information management applications said its NuWallet application is ready for general use. The app is a "comprehensive, secure and private consumer digital wallet for mobile devices," the company said. Like other...

Report: BofA running mobile payment trial with Paydiant

Reuters is reporting that Bank of America is working on a small pilot program for a mobile payment app. The pilot is being conducted near BofA headquarters in Charlotte, N.C., and is only open to bank employees. Bank of America is working with mobile payment startup Paydiant to develop the mobile payment app.

Smart Card Alliance publishes updated EMV white paper

With the move to EMV chip-based payments accelerating in the United States, the Smart Card Alliance Payments Council has released an updated educational white paper, "Card Payments Roadmap in the United States: How Will EMV Impact the Future Payments Infrastructure?"...

TIO hits $100M mark for mobile bill payments

Bill payment specialist TIO Networks has processed more than $100 million in mobile bill payments, the company said. TIO launched TIO Wallet last year, a cloud-based mobile bill payment service that lets consumers store and pay their bills on their mobile devices.

Survey shows an increase of mobile use in retail

With multichannel retail growing in acceptance and significance, many retailers are experimenting with mobile as part of their in-store experience. A survey from Ecoconsultancy polled 1,000 U.K. consumers and 1,000 U.S.

Digital River buys LML Payment Systems

E-commerce solution provider Digital River Inc. announced an agreement to purchase LML Payment Systems Inc., a provider of electronic payment processing, risk management and authentication services.

Finish Line deploying mobile POS units from VeriFone

POS maker VeriFone Systems Inc. will be deploying its latest mobile checkout and multimedia-driven countertop payment solutions at sporting goods retailer The Finish Line Inc.

PayDragon adds grocery shopping to its line-busting app

PayDragon, the app launched earlier this year to provide restaurants and food trucks a line-busting mobile payment option, is spreading its wings, so to speak. The company has announced its newest feature, Checkout, a shopping function that lets users make...

New MasterCard SDK makes developing NFC payment apps easier

Amidst the ruckus caused by Apple's exclusion of NFC from its new iPhone, payment providers are moving forward with the technology as an enabler for mobile transactions. Today, payment brand MasterCard released a new software development kit making it easier...

ABI singles out leaders in contactless technology

NXP, Gemalto, and Ingenico are the three highest ranked vendors within ABI Research's latest competitive assessment, which consists of market shares and three specific vendor matrices focused on secure ICs, smart cards, and POS/mobile card reader vendors. Collectively, the three...

Square closes $200M Series D round

In a brief press release, Square announced it has finally closed its Series D round of funding, which includes Starbucks Coffee Company and Citi Ventures. A company spokesman confirmed that the round raised more than $200 million.

MasterCard assisting WFP on mobile voucher program

Global payment brand MasterCard is joining with the World Food Programme to do something about hunger. MasterCard and WFP said the partnership will combine the card giant's expertise in electronic payments with WFP's global reach to help the world's hungriest...

Researchers discover chip and PIN flaw

Researchers at the University of Cambridge this week revealed that they had identified a troubling defect in the propagation of one-off chip and PIN verification codes for EMV transactions. The flaw makes it possible for thieves to predict the next...

DeviceFidelity exports its NFC mobile wallet to Europe

DeviceFidelity, which recently updated and re-released its moneto NFC mobile wallet app, announced that it has joined with Vincento Payment Solutions Ltd. and MasterCard to launch a European version of moneto.

Report: Retailers still conservative about investing in mobile

Retailers remain prudent in their financial investments when it comes to mobile objectives, showing tempered future plans for spending on mobile and tablet initiatives despite the industry buzz. According to the 2012 Shop.org/Forrester Research Inc.

Report: it's not 'showrooming,' it's just shopping now

The mobile marketing and technology company Vibes announced today the release of its first annual Vibes Mobile Consumer Report that provides retail brands with recommendations on how to connect with mobile consumers while enhancing the multi-channel shopping experience, according to...

Skype to let users place charges on carrier bills

In an interesting mash-up of disruptive technologies, Skype, the Microsoft-owned telephone service that lets users route calls over the Internet, has selected MACH as a direct carrier billing provider. Through MACH's services, Skype users will be able to purchase Skype...

LevelUp to add NFC support to its terminals

There's still plenty of skepticism about NFC-enabled mobile payments, but Boston-based mobile payment start-up LevelUp is hopping on the bandwagon. The company announced today (in its usual less-than-serious fashion) that its next generation countertop units will not only support purchases...

NFC Forum, EMVCo partner to make NFC testing, development easier

EMVCo, the EMV standards body collectively owned by American Express, JCB, MasterCard and Visa, has signed a collaboration agreement with the NFC Forum, a nonprofit industry association that advances the use of NFC technology. EMVCo and the NFC Forum have...

Local boy scouts use SAIL to support annual fundraiser

When VeriFone opened its online portal to give developers access to tools to integrate the company's new SAIL mobile point-of-sale product, one feature it offered developers was the SAIL Merchant Enrollment API for multi-location nonprofits and value-added resellers. The API...

Monitise expands efforts in Hong Kong with Bank of China deal

British mobile banking provider Monitise, through its Monitise Asia Pacific unit, has signed a deal with Bank of China (Hong Kong) Ltd. to partner on new mobile payment technologies.

Study: Popularity of direct carrier billing on the rise

Direct carrier biller mopay has announced the results of a new study it conducted on consumers' spending behavior using direct carrier billing. According to the study, mobile payments traffic from direct-to-carrier billing experienced a four-fold increase during the three-year period covered in the study.

Report: Walmart testing mobile and self checkout

Reuters is reporting that Wal-Mart Stores Inc. has been looking at ways to speed checkout times by integrating mobile devices into self-checkout.

Save some money and give to a cause through LevelUp app

If the mobile payment business doesn't work out, Boston-based startup LevelUp may have a bright future in public relations — and advocacy. The company, which has a knack for getting its name out, has announced the newest feature available when...

Report: Stability in the credit card industry boosts customer satisfaction

Who knew? Consumer research indicates that Americans are happier with their credit cards since banks quit ratcheting up fees and changing terms — due in part to the enactment of Dodd-Frank regulations. Now in its sixth year, the J.D. Power and Associates U.S.

Telluride festival gives moviegoers a mobile payment option

ShopKeep POS and PayPal are teaming up to offer a mobile payment option at the Telluride Film Festival.

Obama campaign accepting donations by text through payvia

Presidential campaigns are embracing mobile payments in a big way, with both the Romney and Obama campaigns distributing mobile point-of-sale solutions from Square that let campaign workers accept donations by credit and debit card. And now the Obama campaign is...

Visa pushes mobile payments in Thailand

As countries across Asia begin to embrace mobile payments, Visa is beginning to push electronic payments in Thailand in an effort to promote adoption and acceptance of its payment products.

Singapore carriers SingTel and M1 join country's NFC payment boom

Following Singapore wireless carrier StarHub's announcement of its NFC mobile payment service earlier this month, two other Singapore carriers have launched competing services. M1 Limited today announced two mobile payment programs using NFC, a prepaid MasterCard and a co-branded effort...

Chicago Transit to offer contactless, mobile payments to riders

The Chicago Transit Authority has selected Cubic Transportation Systems to provide its Open Standards Fare System to suburban bus operator Pace. This is a big deal for Cubic — it increases the company's original contract by approximately $50 million to...

New payment technologies push fraud online

FICO, a provider of predictive analytics and decision management technology, today released data from the FICO Falcon Fraud Manager Consortium. The analysis shows a continuing shift towards online, mail-order and telephone-order fraud, as compared with counterfeit fraud over the same...

Romney campaign deploying Square at national convention

Square is getting into politics, sort of. Mitt Romney's presidential campaign announced today it's rolling out a convention-wide deployment of Square's mobile point of sale solution. According to an announcement from the campaign, Square-enabled phones and devices will be used...

OpenMarket throws support to UK mobile billing standard

OpenMarket, a provider of mobile messaging and mobile payment solutions, said it is throwing its weight behind the new Payforit 4 mobile payment standard in the U.K. The company said that digital merchants in the U.K.

6 FIs choose Cleartouch for account processing

Fiserv Inc., a provider of financial services technology solutions, today announced that six financial institutions have recently chosen its Cleartouch solution for account processing, as well as related solutions for online and mobile banking, check capture, risk management and more....

Study: Brits favor cash, aren't keen on contactless

The U.K. continues to demonstrate a lack of appetite for contactless technology; only 17 percent of citizens there think a "cashless future" would make their lives easier.  This statistic comes from a survey published on Friday by U.K.

CreditCall debuts white-label chip-and-PIN mobile POS solution

Another mobile point-of-sale option has launched with chip-and-PIN acceptance capabilities. CreditCall, a U.K.

NYC-area commuter rail testing mobile payments and ticketing

New York City-area commuter rail lines are looking at ways to offer mobile payment and ticketing options to passengers. According to Bank Technology News, the Long Island Rail Road and Metro-North Railroad, the two rail lines serving the New York...

Discover first to stick their card in Google's rebooted wallet

Following the release of its rebooted, cloud-based Google Wallet app, Google announced it is working with credit and debit card issuers to make it easy to add credit cards to the mobile wallet app. The first partner in the effort...

Transition to 'cashless,' mobile payments makes slow progress in Nigeria

Nigeria's efforts to reduce cash in circulation, provide services to the unbanked and transition its economy to electronic and mobile transactions, are proceeding slowly, endangering the Central Bank of Nigeria's goal of moving 70 percent of transactions away from cash...

Square offers flat rate on processing payments

Fresh off its recent $25 million deal with Starbucks, mobile-POS-provider-turned-payment-processor Square is aiming to make payments even simpler for its merchants. The company has announced new "first-of-its-kind" pricing for small businesses.

Braintree acquires mobile P2P provider Venmo

Online payment processor Braintree is buying person-to-person mobile app-maker Venmo. The story was first reported by the New York Times Bits blog and was confirmed by a representative from Braintree.

Report: half of US bank account holders to go mobile by 2017

Forrester Research has released a new report on mobile banking, and it's evident the technology has gone from novelty to necessity. According to a post on the Forrester blog by Tiffani Montez, a co-author of the report, there are now...

Mobile payments to hit $1.3 trillion by 2017

U.K.-based Juniper Research has released a new report on the future of mobile payments. Juniper predicts that mobile payment transactions will reach $1.3 trillion in the next five years, a fourfold increase. Growth in mobile payments will be driven by...

CardinalCommerce adds mobile marketing to its payment offerings

CardinalCommerce is adding some impressive features to its mobile payment suite. The company announced today that it is launching a new self-service, web-based mobile marketing and commerce platform called CustomerConnect. With this new platform, merchants can create and manage text...

Trunkbow expanding mobile payments presence in growing Chinese market

Trunkbow International Holdings Ltd., a Chinese provider of mobile payments, is expanding its activities and investment in China. The company announced it's investing RMB 72 million ($11.3 million) and partnering with telecom China Communications Services Corporation Ltd.

Beall's plans for future of mobile, NFC payments with VeriFone deployment

Point-of-sale maker VeriFone Systems Inc. announced a new deal with retailer Beall's Inc.

VeriFone CEO responds to Starbucks, Square deal

Following the announcement of Starbucks' $25 million deal with Square, much attention has been focused on rival point-of-sale device manufacturer VeriFone. Since the Starbucks/Square deal was announced on Wednesday, VeriFone shares have tumbled more than 10 percent and it has...

PayPal, Vivo launch Brazilian mobile payment service

PayPal has taken its partnership with Brazilian telecommunication company Vivo to the next level. The companies announced a partnership aimed at creating a mobile payment solution last year, and now that plan has come to fruition. On the PayPal blog,...

Nielsen report shows almost half of smartphone owners use mobile shopping apps

Nielsen released a new report covering the month of June 2012 looking at smartphones as a tool for shoppers. No surprise, nearly half of American smartphone owners (47 percent) used a shopping app in June.

Australian Westpac Bank piloting NFC payment program

Australian Westpac Bank has announced a new pilot Android mobile contactless payment application in partnership with MasterCard. The pilot will use handsets with the Android mobile OS and fully-equipped with a secure element embedded in a SIM card.

Dollar Bank adds mobile remote deposit capture

WAUSAU Financial systems announced that Dollar Bank has implemented WAUSAU's mobile remote deposit capture solution and that the results have been phenomenal. In the first month, Dollar Bank has processed nearly 2,500 deposits totaling $500,000 using the RDC solution, the...

Mobile money in Ghana to increase 265% in 2012

Demonstrating once again that developing economies are adopting mobile payments at a faster clip than economies where consumers have more financial options, MTN Mobile Money said it has recorded a total of 9.5 million transactions worth GHC 113 million ($58...

Forrester: NFC adoption still a few years off

Two new Forrester Research reports on the future of NFC may dampen enthusiasm for the technology somewhat. Forrester isn't exactly bearish on NFC, but does predict that the technology is still a few years away from hitting the mainstream.

Singapore becoming a hub for NFC payments

Singapore is on its way toward becoming a leader in NFC payments. NFC mobile security provider Gemalto announced that its Trusted Services Manager solution, hosted in the company's Singapore TSM data center is now live.

Seattle selects PayByPhone to offer m-payments for parking

Drivers in Seattle won't have to search for coins to feed the meter any longer. The city has contracted with PayByPhone to introduce a pay-by-phone payment service across to some 13,000 on-street paid parking spaces throughout Seattle. PayByPhone, based in...

QuickPay raises $3.5M in seed funding for m-payment parking solution

QuickPay Corp., a provider of mobile payment solutions aimed at parking facilities, announced today it has secured $3.5 million in seed funding. The company also has named Barney Pell as CEO. Investors in this seed round include Fontinalis Partners, Andreessen Horowitz and Advanced Technology Ventures.

Mobile shopping to account for one quarter of online sales by 2017

Analysts at ABI Research are predicting some impressive growth in m-commerce in the next five years, especially as it relates to e-commerce. According to a new report, the m-commerce market is expected to account for nearly one-quarter (24.4 percent) of...

Gas pump-makers on board with Isis

The sign at the gas pump may warn you not to use your cellphone lest it spark a hellish conflagration, but Isis, the mobile payment joint venture between Verizon Wireless, T-Mobile USA and AT&T Mobility, will be encouraging that behavior...

Cashless Olympics score low at Wembley stadium

It looks like Visa might have fallen out of contention for gold in the "2012 Cash-Free Olympics" category. According to a report at Finextra, a POS terminal failure yesterday at Wembley stadium food kiosks meant that thousands of fans watching...

IZettle runs into trouble with Visa Europe

Something is rotten in the state of Denmark — and Finland and Norway, too! — for mobile POS solution iZettle. The company announced today that due to a policy decision by Visa Europe, merchants processing cards through its service in...

Identive provides NFC tags for Olympic games

Identive Group Inc., an ID and security provider, announced it's jumping on the Olympics mobile-payment bandwagon. The company said its new tomPAY NFC tags are being deployed and used for payment applications at large hospitality events in and around Olympics venues throughout London.

VeriFone CEO zings Square on funding rumor

In the increasingly heated world of mobile payments, score one zinger for VeriFone chief exec Doug Bergeron. American Banker asked Bergeron about rumors of rival Square raising $200 million, to put its valuation at $3.25 billion.

Wipit offers new payment option for unbanked

Mobile payment company Wipit, Inc. announced it has launched its new web payment service.

In-store mapping, the latest overlap between mobile and traditional retail

Not every retailer views mobile technology in the hands of consumers as a gateway to "showrooming," the practice of browsing in-store but buying from an online competitor. In fact, some retailers are embracing mobile technology to make the in-store visit...

Report: NFC payments to hit $180B by 2017

U.K. firm Juniper Research predicts that the NFC retail payments market will exceed $180 billion globally by 2017, a seven-fold increase over 2012. A new report from the company forecasts that North America, Western Europe and the Far East and...

PayPal, Square's just not that into you

The NextWeb came across an interesting discussion on the social Q&A site Quora over the weekend. In answer to the question "Has PayPal approached Square and discussed an acquisition yet?" one of Square's employees, Steve DeWald, gave the prospect a...

German myTaxi offers passengers a mobile payment option

German company myTaxi is adding mobile payments to its popular car-ordering service by partnering with Wirecard, a payment and digital security provider. Similar to San Francisco-based Uber, myTaxi currently operates in 30 German cities along with Barcelona, Vienna and Zurich....

Another report: iPhone 5 to include NFC

As the iPhone 5 release approaches, the game of "will it support NFC or not" is heating up (the same game that was played when the iPhone 4S was released last year). Now Boy Genius Report is joining other sources...

BPC Banking Technologies gains foothold in Cambodia

Netherlands-based BPC Banking Technologies, a provider of Open System e-payment solutions for the global financial industry, today announced the signing of its first customer in Cambodia. Hattha Kaksekar Limited is the fourth largest microfinance institution (MFI) in Cambodia. The MFI...

JC Penney to eliminate standard checkout

J.C. Penney CEO Ron Johnson is on a mission to eliminate traditional checkout by the end of 2013.

Researchers to look at retailers risk for theft, fraud from mobile payments

Theft and fraud are growing concerns of consumers adopting mobile coupons and contactless payments, and researchers at the University of Arkansas are examining how to prevent them. The Walton College of Business at the University of Arkansas has partnered with...

Report: Mobile retail commerce rises in second quarter, social shopping drops

Mobile shopping rose while social media sales fell, providing an indication of where U.S. retailers may invest in order to capture the attention and loyalty of the digital consumer, according to a new report from IBM.

PayToo's new mobile wallet helps consumers build, repair their credit

Mobile payments has been touted for some time as a way for the unbanked to participate in electronic commerce. That's all well and good for those who are "cash preferred," but it doesn't do anything for people hoping to use mobile payments to help build or repair their credit. It's these consumers that PayToo, a Ft.

China Mobile develops NFC device for mobile payments

China's state-owned wireless provider, China Mobile Ltd., announced it has developed its first mobile phone supporting NFC, according to China Daily. The device is to be used to help China Mobile promote its mobile payment services, the article said. China Mobile is the world's largest wireless provider, measured by subscribers.

Apple patents show company has plenty of interest in NFC

For those convinced that the Wall Street Journal's recent article on Apple's deliberations regarding NFC on the iPhone mean the company is bearish on the technology, NFC World has cataloged the many patents Apple has secured in the past few years that use NFC.

Study: young shoppers want integration of in-store, online experience

Millennials rely on brick-and-mortar stores and technology, including mobile devices and social networks, equally to access information or to gain insights about a product they plan to purchase, according to a study from Today Info Retail, an Atlanta-based strategy and...

Tablet shopping is in; PC shopping is out

Tablet shopping is gaining on PC- and laptop-based sales and blowing away smartphone shopping. More than 60 million Americans will own a tablet computer by the end of this year, according to the State of Retailing Online 2012 survey produced...

Study: 1 in 3 US consumers have used mobile payments

The number of payments made via mobile phone more than doubled in the past year, according to IDC Financial Insights' annual Consumer Payments Survey. The survey also found that one in three respondents have used a mobile payment method. Of...

UK mobile payment JV may get regulatory go-ahead

The Financial Times is reporting that Project Oscar, the codename for the mobile payment joint venture between rival mobile operators in the U.K., is likely to receive regulatory approval – maybe as early as this summer. The joint venture between...

UK adults distrust mobile banking

Nearly three-quarters of adults in the U.K. consider mobile banking to be unsafe, said a survey by Wincor-Nixdorf. The study, reported in the U.K.'s SC Magazine, included 2,031 British adults.

Deutsche Telekom in talks with Google over wallet

Bloomberg reports that mobile carrier Deutsche Telekom AG is talking to Google Inc., credit card companies and banks as it looks for more partners to join its new mobile payment system. This according to an interview with DT's head of...

Prepaid market still growing

In a recent report titled, Prepaid and Gift Cards in the U.S., research firm Packaged Facts said that prepaid payment volume will jump more than 22 percent this year to $247.5 billion on nearly 10 billion transactions, compared with $202.2...

AmEx announces its own U.S. EMV roadmap

In a press announcement last week, American Express laid out the terms for its transition to EMV credit, debit and ATM transactions in the United States. The company's program is similar to that previously announced by Visa and MasterCard but...

Report: Customers leave FIs for conveniences like mobile banking

Eleven percent of consumers are likely to switch primary financial institutions in 2012 in a quest for greater convenience and service, according to a new report announced this week by Javelin Strategy & Research. Giant banks face even larger defections,...

Chase Paymentech offers 'future proof' terminal to accept mobile, EMV

Merchant acquirer Chase Paymentech, a subsidiary of JPMorgan Chase & Co., has launched a new point of sale terminal it's calling "Future Proof." The device lets merchants accept pretty much every form of payment available, as well as those yet...

Electric cars meet mobile payments

Now you can fill up your car while using your cellphone and not have to worry about blowing up. Liberty PlugIns, a company that provides electric vehicle charging, announced it is partnering with QuickPay Corp.

Reorganization at PayPal reflects shift to mobile

PayPal sees its future and its future apparently is very mobile. To comport with that view, the company announced it is retweaking its products, rejiggering its organization and promoting key executives to handle the shift. In a post on the...

IPhone 5 to support NFC?

We're months out from a new iPhone release so it must be time to speculate on whether the next iteration of the handset will include NFC support. Expectations are that Apple will show off the new device sometime in September,...

Report: Banks to increase investment in mobile, payments

If the amount of money being invested is any indication, banks are placing big bets that consumers are hankering for mobile financial services. According to a new survey of Consumer Bankers Association members conducted by Forrester Research Inc., retail banks are looking to spend more money on their mobile offerings this year.

Microsoft gets in the NFC wallet game

What the world needs now, is one more digital wallet. So says Microsoft, at least.

Sybase 365 bringing mobile banking to Pakistan's unbanked

Sybase 365, a subsidiary of Sybase Inc., announced its Sybase 365 Mobile Commerce solution has been selected by Pakistan's Allied Bank Limited to offer mobile financial services to its customers. With the Sybase 365 solution, Allied Bank will be able...

UK vending machines get mobile payments, connectivity

Nokia Siemens Networks and U.K. wireless carrier Everything Everywhere have partnered to introduce mobile payments to vending machines.

USAID and Citi partnering to bring mobile money to world's unbanked

The U.S. Agency for International Development, tasked with the administration and distribution of international aid from the U.S.

G&D and NXP announce tech partnership

NFC chip-maker NXP Semiconductors N.V. and security company Giesecke & Devrient announced they're partnering to let G&D integrate NXP technology, specificially its MIFARE technology, into secure SIM products.

Tyfone finds partner to bring its mobile financial services to Indonesia

U.S. mobile banking and financial services company Tyfone has signed a 10-year strategic partnership with PT Number One, a secure ID card and card personalization solutions company in Indonesia.

Spain's la Caixa rolls out first large scale deployment of contactless EMV

Digital security giant Gemalto announced that it is working with la Caixa, one of Spain's largest retail banks with more 10 million customers, to deploy Optelio contactless EMV cards for the country's first large scale deployment of contactless payment. Gemalto...

FujiFilm testing NFC-enabled photo kiosks in UK stores

FujiFilm has integrated NFC technology into its SmartPix kiosks and is testing them in about 15 retail locations in the United Kingdom. SMARTRAC N.V., a developer, manufacturer and supplier of RFID transponders and inlays, is the company behind the NFC technology.

Merchant deployment of NFC terminals to see sharp increase

Don't look now, but more merchants may be ready for NFC than previously thought. A new report issued by Swedish research firm Berg Insight found that the worldwide market for NFC-ready POS terminals exploded last year. Annual shipments doubled to...

Banks get ready for virtual cash

Virtual currency — "money" earned online or purchased with legal tender for use in online environments — is gaining popularity. And banking giant HSBC is looking for a way to bring it into the banking environment. "We have a planning...

Braintree goes global

Online payment processor Braintree announced it is expanding its payments platform to international markets. The company said it will be launching its payment gateway services in 30 global markets, including the U.K., Australia and Canada.

IBM Mobile Shopper provides in-store digital scanning, self-checkout

IBM has launched retail technology that allows consumers to scan items into their mobile phones while shopping and then check themselves out at an IBM self-checkout station. Designed to help retailers provide a more customized in-store shopping experience for smart...

Green Dot joins the mobile wallet rush

Reloadable prepaid provider Green Dot plans to get into the mobile wallet business, following in the footsteps of Google and PayPal. According to a report by the Las Vegas Business Press, Green Dot announced plans to leverage its recent acquisition of Loopt Inc. for $43.4 million as a springboard for a mobile wallet.

Report: Consumers interested in mobile wallets, alternatives to banks

In a market subject to a certain level of hype, say mobile payments for instance, a healthy skepticism is warranted. But according to a new study by research firm Carlise & Gallagher, there may be some reason for enthusiasm.

Report: a quarter of mobile users will pay using NFC by 2017

NFC has barely hit the market and yet many are willing to write it off as a technology to enable mobile payments. Not so fast, says Juniper Research.

Square's product head jumps to Kleiner Perkins

Silicon Valley investment firm Kleiner Perkins Caufield & Byers has snagged Megan Quinn, the (now former) head of product for mobile POS company Square. Quinn just joined Square last year to oversee the company's product portfolio.

NFC too slow for the Tube

Despite continuing attempts to improve the speed of NFC reads on mobile devices, the technology is still not making the 500 millisecond read speed required for fare payment on the London Tube. An article in PC World said that in...

Nigeria's new cashless economy getting mixed response

Almost two months after implementation of the Central Bank of Nigeria's cashless policy in Lagos, most Lagosians are less than happy with the project. The Nation Online reported that citizens' general view was the policy had not been well thought-out....

Gemalto CEO predicts doubling of contactless card business

Amsterdam-based Gemalto, the inventor of smart card chips, believes it could soon double its near field communications chip business. Gemalto CEO Olivier Piou said in an interview in Paris that the company had the capacity to add 50 more contracts...

Not accepting plastic hurts small businesses

Intuit Inc. has released a new survey showing that for all the buzz about mobile POS opening up electronic payments to dog walkers and lawn care services, a large number of these small businesses still don't accept credit cards.

New sticky tags from Identive enable NFC payments on any phone

Identive Group Inc., best known as a provider of RFID security and ID solutions, announced a new sticker tag that may prove to be the proverbial "game changer" for NFC. The tag allows payment card manufacturers to offer contactless payment...

Mitek hits $10 billion mark in mobile deposits

Mitek Systems Inc., a mobile imaging software solutions provider, today announced that approximately $10 billion in mobile deposits have been enabled by its mobile imaging technology. The company also said that its transaction volume increased more than 143 percent during...

Bank issues dual-function transit-ticketing/debit card

South Africa's Standard Bank has embarked on a pilot of a multifunction payments card that features both prepaid transit and contactless debit card functionality. Initially 1,000 commuters in the city of Durban will receive the NFC-enabled "Muvo" card, said an article at finextra.com. Muvo features the MasterCard PayPass app and MChip 4 data chip.

TSYS rolls out its mobile agenda

Payment technology provider TSYS announced the company's agenda for connected mobility to support commerce for digitally active consumers, what it called "those accustomed to navigating their daily lives with smart phones, tablets, game systems, electronic readers and computers." TSYS said...

Canadian bankers release guidelines for mobile payments

Following a recent report by a government task force saying Canada lacks mobile payment options, the Canadian Bankers Association has released a new set of voluntary, secure, open guidelines for the development of mobile payments at point-of-sale in Canada. The...

EMVCo reveals latest EMV global usage stats

Figures released this week by EMVCo indicate that 45 percent of the world's payment cards and 76 percent of its payment terminals use EMV technology. The data from the EMV standards body, which is jointly owned by American Express, JCB,...

Obopay leverages its experience through new licensing program

Mobile payment company Obopay announced the availability of Obopay Licensed Payment Services for Partners. The new service lets partners leverage Obopay's money transfer licenses throughout the U.S.

Survey: m-commerce growing, especially with online big spenders

If there was any doubt about the growth of mobile commerce, a new study by payment processor WorldPay should set those doubts to rest. The company released the results of a huge new study that looked at global online shopping habits.

Survey: 66 percent of retailers exploring mobile POS

Motorola Solutions has released a report that shows an increasing interest from retail, hospitality and field service industries for mobile Point of Sale (mPOS) solutions as a core strategy for improving customer service. About 66 percent of retail respondents said...

Survey: consumers frustrated by paying online

Mastercard Worldwide released new survey data on consumers' feelings about online commerce, including their attitudes on mobile shopping. According to the survey, U.S.

Smartphone users find mobile banking convenient, easy

Technology, outsourcing and consulting company Infosys has released the results of its recent survey on mobile banking. And the news is good – mostly. According to the new report, a large majority (94 percent) of respondents said mobile banking is easy, while 77 percent said it's convenient.

Ottawans get NFC parking

Parking payment provider PayByPhone is bringing NFC technologies to parking meters in Ottawa. The company announced parking meters in the Canadian city will allow drivers to pay for and extend their parking time using a number of mobile methods including...

After EMV, South Africa's not eager to tackle NFC

Call it payment technology fatigue. Or call it a vision of the future in many markets. Retail banks and merchants in South Africa are likely to be slow to adopt NFC mobile payment technology due to the high installation costs...

Visa exec: plastic's not dying soon

Despite opinions to the contrary, Elizabeth Buse, Visa Inc.'s group president for Asia Pacific, Central Europe, Middle East and Africa, said there's still plenty of life left in plastic cards. Buse told Dow Jones Newswires the old school plastic card...

Boston transit to get mobile payment solution

Transit continues to be a test case for mobile payments. The Massachusetts Bay Transportation Authority (MBTA) and Masabi US Ltd.

German banks test NFC following EMV fraud reduction

The German Banking Industry Committee has said that the introduction of chip cards has resulted in a helpful reduction in card fraud, including a 45 percent reduction in card-skimming at ATMs between 2010 and 2011, an article at Contactless News...

PayPal reports strong Q1, m-payment growth

PayPal parent company eBay reported first quarter revenues in a conference call on Wednesday and the numbers were good, thanks in part to the company's offline and mobile payment activity. Overall, total payment volume was up 28 percent across PayPal's...

Report: Square seeking fresh capital

AllThingsD's intrepid Tricia Duryee is reporting mobile POS company Square is beating the bushes to raise another round of capital pushing its valuation to $4 billion. According to her report, negotiations are ongoing with a slightly lower valuation possible. According...

Vending machine company to go cashless, support m-payments

When it comes to consumer introduction to mobile payments, vending machines may rival parking meters as the perfect test case — frequent small-value, low-risk transactions. And as opposed to parking meters, consumers get a tasty reward at the end.

Canadian Mint issues mobile money challenge to developers

A new contest from the Royal Canadian Mint may address Canada's lack of mobile payment options. Just a few weeks after a government panel reported Canadians are falling behind in mobile payments, the Mint announced it has launched a contest...

Nordstrom sees sales increase with mobile POS

Nordstrom is removing long lines from its shopping experience by arming its employees with modified iPod Touches. The devices come equipped with merchandise scanners and credit card sliders to allow staff to check out customers from anywhere in the store,...

Aislebuyer acquired by Intuit?

(UPDATED) BostInno.com is reporting that Aislebuyer has been acquired by Intuit Inc. for somewhere in the range of $80-100 million.

Russian transit systems begin deploying NFC

Moscow commuters will soon be able to tap their phones and ride the city's subways thanks to the deployment of NFC capabilities across the transit system. This according to an article on Russian Behind the Headlines.

Report: m-payment volume to surpass $900B by 2015

Expect mobile payments worldwide to account for more than $900 billion in transactions by 2015. That's the forecast in a new report from analysts at KPMG.

Obama campaign employs novel approach in texting donors

President Obama's reelection campaign has been using Square's mobile POS system for some time as a part of its fundraising efforts, and now it's adding an additional mobile payment tool: SMS text messages. According to a report by Time Magazine,...

Bus riders in Florence get mobile payment option

Demonstrating once again that transit may be the best incubator for mobile payments, commuters on Florence's public buses now have a mobile payment option. ATAF, the Florentine bus company, announced a new program launched in conjunction with Ericsson IPX that...

Smartphone-based taxi network Hailo raises $17M in Series A funding

Employees of Hailo might need to get a bigger boat. The mobile taxi-booking service, whose offices are located in a barge moored on the Thames River, announced it has received $17 million in Series A funding led by Accel Partners. Hailo is a network that connects taxi passengers with taxi drivers using mobile devices.

Pay with your face and thumb?

Dutch payment processor Adyen Payments is out with a video today previewing the launch of its newest payment technology: FaceID. According to the video, the FaceID system uses a mobile device's embedded camera to match a customer's face against a merchant's database of customer faces.

Study: Brits not interested in mobile payments?

U.K. consumers don't seem all that excited about making mobile payments. According to a post from E-consultancy.com, nearly two-thirds of consumers in the U.K.

Article dubs Walmart VP the most powerful man in payments

The fate of mobile payments may rest with one man: Mike Cook, the vice president and assistant treasurer of Wal-Mart Inc. Cook is the man tasked with managing all the cash, credit and coupons collected by the retailing giant.

Amex exec predicts 4 to 6 years for m-payment adoption

Most (but certainly not all) payment analysts and insiders consider mobile payments in some form to be a matter of when, not. But even among those who believe mobile payments are a foregone conclusion, the question of when we'll see...

PayPal gets experienced m-payment exec as new president

Showing the significance of mobile payments to PayPal's future, eBay CEO John Donahoe announced the new president of its PayPal subsidiary is David Marcus, formerly the company's VP and GM of mobile. Marcus came to the company through its acquisition of direct carrier biller Zong last year.

Task force says Canadians want for mobile payments

Canadians are a mobile-tech loving people in need of some better mobile payment options. So says a government task force assigned by Finance Minister Jim Flaherty to look at Canada's payment systems. An article at Financial Post said the Task...

Report: 700M NFC phones in 2016

A new report by Sweden-based Berg Insight may give supporters of NFC some encouragement. According to the report, global sales of handsets featuring the technology increased ten-fold in 2011 to 30 million units.

Obopay introduces new disbursement product for businesses

Mobile payment solutions provider Obopay has announced a new disbursement product for businesses. The company said its new offering lets companies disburse funds from their corporate accounts directly into payees' debit card accounts, bank accounts, onto a branded prepaid card...

The world's greatest use of mobile payment technology yet: the pizza magnet

While big pizza chains have been progressive in launching mobile and online ordering apps, the Red Tomato Pizza in Dubai has made things even more convenient. With one quick touch of their pizza box-shaped VIP Fridge Magnet, guests' favorite pizza...

The Hunger Games sees record mobile ticket sales

Mixed in with all the fanfare over The Hunger Games and its $155 million opening weekend at the box office is this important bit of information: The Hunger Games broke the record for most tickets ever sold via a mobile...

T-Mobile hit with patent suit from On Track Innovations

On Track Innovations Ltd, an Israel-based provider of ID and payment technology, today announced it has filed a patent infringement lawsuit against wireless carrier T-Mobile USA. OTI alleges T-Mobile is selling NFC-enabled phones that infringe on a U.S.

Square finally encrypts its dongles

Square is finally delivering on its promise of an encrypted reader. According to VentureBeat, new dongles being shipped by Square are fully encrypted. Reader encryption has been an issue in the past with Square's mobile POS system.

Monitise acquires US mobile banking provider Clairmail

U.K.-based mobile money provider Monitise plc announced the acquisition of Clairmail Inc., a mobile banking provider based in San Rafael, Calif. The deal is worth $173 million and should be completed by the second quarter of 2012.

Mobile payment execs play musical chairs

The poaching in payments continues. The inimitable Tricia Duryee at AllThingsD reported yesterday that mobile POS company Square has hired away PayPal's VP of products for North America Alyssa Cutright.

VeriFone's mobile POS solution hits $10B milestone

Sure PayPal launched its own mobile point-of-sale system. And Square has been grabbing headlines for over a year. And other mobile POS vendors are dropping prices or enhancing their services to appeal to political campaigns.

GoPayment makes it easy to collect campaign donations

Intuit's mobile POS solution GoPayment is looking to make it easier for political campaigns to accept donations. The company announced it has enhanced the product to capture data from donors, information like the donor's name and address, in order to comply with election laws.

Card not present merchants report low m-commerce revenue

Mobile commerce may be generating a lot of buzz, but according to the Direct Response Forum it's not generating a lot of revenue – just yet. The DRF, the industry organization that represents card-not-present merchants like catalogs and online retailers,...

Sweden shows a nation going cashless

It was a good run, but after 350 years it looks like Sweden may be one of the first nations to go cashless. The country is in the vanguard of nations moving toward cashless economies spurred on by the spread...

US consumers in no hurry to adopt mobile payments

Two-thirds of Americans would rather hang onto the cellphone they have than switch to one that would let them make mobile purchases, said a story at nfc news, citing a recent Payment Report from Auriemma Consulting Group. Even more would...

ROAM Data and Event Farm look to eliminate box offices

ROAM Data, the company behind the secure card readers used by most mobile POS solutions (think Intuit's GoPayment or Sage Payment Systems), has announced an interesting new application for its mobile platform and commerce APIs. ROAM, along with Washington D.C.-based...

PayPal to show off digital wallet features at SXSW

PayPal is taking advantage of SXSW Interactive to roll out some new features on its mobile wallet, features it has been talking about since introducing its offline strategy last year. SXSW Interactive is the annual conference and festival hosted in Austin, Texas focusing on new technology.

Report: Mobile experts say 2-5 years for wide NFC payment adoption

In a survey conducted during the GSMA Mobile World Congress 2012 in Barcelona, Sybase 365 found most industry experts think we're still a few years away from NFC mobile payments going mainstream. Sybase 365, a subsidiary of mobile message and...

Many consumers not ready to adopt mobile banking, says survey

Growth in mobile banking and payments is being driven by younger consumers, but most adults are more reluctant to adopt mobile banking, said a survey cited at cuna.org. In an online survey of 504 U.S. debit cardholders conducted in January,...

Report: NFC payments to account for $74B by 2015

U.K.-based Juniper Research has issued a new report on the future of NFC payments. According to Juniper, payments using near-field communication technologies on smartphones will account for $74 billion by 2015.

ABA announces task force on emerging, mobile payments

The American Bankers Association announced it has formed a Payment Systems Task Force, an assembly of bankers who will develop proactive strategies to ensure a strong, safe and efficient payments market. The task force is led by Jeff L. Plagge, ABA vice chairman and president of Northwest Financial Corp.

Isis adds card issuers Chase, Cap One and BarclayCard as partners

Isis is adding more pieces to its mobile payment puzzle. The joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless announced three major card issuers – Chase, Capital One and Barclaycard – have agreed to enable their credit, debit and prepaid cards on the Isis Mobile Wallet.

FeliCa and Samsung to develop interoperable chips

Samsung Electronics Co. Ltd and NFC technology provider FeliCa Networks Inc.

Belgian carriers have falling out, halt joint mobile payment plans

Maybe competitors don't make good partners after all. Coming on the heels of reports that British wireless carriers won't have their proposed national NFC mobile payment scheme off the ground before the London Olympics, news from Belgium is that mobile...

Domino's UK sets sights on mobile payments in 2012

Domino's UK has had plenty of success from its digital initiatives in the past year, and the company has no plans to rest on its laurels. According to a story in New Media Age, Domino's will focus more on mobile...

Groupon buys two mobile payment, tech companies

Daily deal site Groupon snapped up a couple of companies late last week to bolster its mobile capabilities. Groupon announced on Friday it has bought location-based tech company Hyperpublic and mobile commerce and payment company Kima Labs.

Study: shopping offline, buying online common

Retailers have a reason to be concerned about "showrooming" after all. According to a post from Retail Customer Experience, the practice of shoppers using brick-and-mortar retailers as a showroom for a cheaper purchase online is prevalent, with nearly half (46...

Visa's product chief criticizes PayPal's new offline offering

As the mobile payment competition heats up, so does the rhetoric. According to the Wall Street Journal, Jim McCarthy, Visa's global head of product, criticized PayPal's new offline strategy.

ComScore reports FIs seeing increased use, engagement of mobile channel

ComScore, Inc has released the 2011 edition of its State of Online and Mobile Banking report and the news is good for mobile financial services. "Online and mobile banking grew solidly in 2011 as perceptions of the economy improved early...

Pew: In-store mobile commerce is growing

More than half of adult cell phone owners used their cell phones to help them with purchasing decisions while shopping in stores during the 2011 holiday season. According to research conducted by the Pew Internet & American Life Project, during...

Taxes go mobile with H&R Block and Pageonce partnership

As personal finance goes mobile it was only a matter of time before taxes followed suit. Pageonce, a provider of mobile personal finance services and bill payment, and H&R Block announced the launch of a new mobile tax service available...

Shopkick drives more than $110 m for retail, brand partners in 2011

Shopkick, the location-based shopping app that rewards shoppers for walking into stores and interacting with products, recently announced that it helped drive more than $110 million in in-store revenue for partner retailers and brands in 2011. It was Shopkick's first...

The FTC to look at mobile payments

The Federal Trade Commission will host a workshop April 26, 2012, looking at mobile payments in the marketplace and how that technology may impact consumers. The workshop will bring together consumer advocates, industry representatives, government regulators, technologists and academics, the...

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...

Visa Europe sees strong m-payment growth, says digital wallet to launch in 2012

Visa Europe announced results for 2011 as well as its outlook for 2012, including its assessment of the mobile payment market for the new year. Overall, the company, which is owned and operated by its 3,700 member banks and is independent of Visa Inc., said it expects to see double digit growth this year.

Siri's functionality may some day extend to ATMs

The patent office has made public Apple's patent for its iPhone bot, revealing some of the company's plans for Siri's future, according to a report at the Atlantic Wire. These could include the ability to assist ATM users, one Apple patent application suggests.

PayPal's mobile payment volume nears $4 billion in 2011

VentureBeat reported PayPal's processing of mobile payments hit nearly $4 billion last year.

Report: in-game purchases to hit $4.8 billion in 2016

Juniper research has issued a new report predicting that in-game purchases are set to increase dramatically in the next few years driven in large part by consumer acceptance and the rapid adoption of smartphones. According to the report, in-game purchases...

Juniper Research predicts growth of mobile coupons

While maybe not as sexy as mobile wallets or NFC payments, mobile couponing will continue to play an important role in the mobile payment landscape. This is according to a report from research firm Juniper Research called "Mobile Coupons Update:...

Jamaica a ready-made market for mobile money

Like other nations with a large unbanked population, the mobile money revolution may find a ready-made market in Jamaica. This is according to an article on Go Jamaica, a site that covers Jamaican news and business. In a report commissioned...

Survey of mobile insiders says financial companies to define mobile payments

Industry analyst Chetan Sharma has published his annual survey of mobile industry insiders. Sharma solicited the opinions of 150 mobile execs, developers and "insiders," to gauge what areas to watch in 2012. In many ways, the results of the 2012...

Vietnamese airline now accepts mobile payments

Saigon Times Online is reporting that low-cost airline Jetstar Pacific has begun accepting mobile payments for ticket fares. The program is a partnership between Jetstar, mobile network operator Vinaphone, online payment gateway OnePay and mobile payment company m-Service. According to...

Nigerian banks line up for mobile money licenses

Nigeria continues its push toward becoming a cashless, mobile economy. The country's effort to build a mobile payment services framework is meant to help the country's large unbanked population. A recent study by the Mastercard Foundation and Microfinance Information Exchange...

McAfee predicts 2012 to see more attacks on mobile banking apps

Mobile financial services are attracting more and more attention, and not all of it is good. According to technology security company McAfee, more consumers are accessing their financial services via mobile devices and bad guys are looking to exploit that...

SF deploys NFC to parking meters

Parking is again proving itself to be a great test case for mobile payment technology with a new deployment of mobile-enabled meters in San Francisco. Parking technology company PayByPhone announced the deployment of its NFC-enabled payment system by the San...

IBM survey shows increase in Christmas Day m-commerce

If you received a shiny new mobile device from Santa, according to IBM the chances are good you used it to do a little online shopping. IBM shared some Christmas Day shopping numbers from its Coremetrics Benchmark Retail report with...

Japanese carriers form consortium on NFC standards

Japan's largest mobile operators – NTT DoCoMo, KDDI Corporation and Softbank Mobile Corp – announced the formation of Japan NFC Consortium, an effort by the three competitors to set standards for NFC technologies. The statement from the operators said that...

Industry watchdog urges investigation of Verizon over Google Wallet decision

Free Press, a non-profit that promotes an independent media and universal access to communications, filed a letter this week with the Federal Communications Commission over reports that Verizon Wireless is blocking Google Wallet from Galaxy Nexus phones it is selling...

Survey: online shoppers still worry about security, prefer direct carrier billing

Online payment security remains a concern for consumers, and according to a new study, that concern could mean online retailers in the U.S. are leaving a lot of cash on the table. According to a recent survey by Javelin Strategy...

Amazon's m-commerce promotion comes under fire

Retailers are not happy about Amazon's recent promotion giving customers up to $5 off purchases when they use the company's app to compare in-store prices with the online retailer. And now congress is weighing in, according toThe Hill. U.S.

Study: Young people trust banks for mobile payments

A report from Bank Technology News said that young people may actually be more trusting of the tried-and-true versus new technology, at least when it comes to financial services. The post cited a new study from Market Strategies International that...

Fiserv study reports use of mobile bill payment growing

New research from Fiserv Inc. shows that mobile payments is about more than paying for purchases at the point of sale. According to Fiserv, a technology provider to financial services companies, consumers are increasingly relying on their mobile devices to pay their household bills.

KPMG report says consumers are embracing technology, willing to trade personal data

In a new study by KPMG, consumers say they are increasingly embracing new mobile technologies, but they're sending some mixed signals as well. While many still say they worry about security and privacy, a large number say that having their...

PayPal releases Cyber Monday mobile payment volume, on track for six-fold increase (UPDATED)

According to a post written by PayPal Shopping Specialist Claudia Lombana on the company's blog, PayPal is continuing to see huge increases in mobile payment volume (MPV) versus last year. The company said that as of 11 a.m.

Torex launches cloud-based mobile POS platform

The mobile POS is moving to the cloud. Torex, a U.K.-based retail systems provider, announced it has launched kachng!, a cloud-based HTML5 point of sale which will work via browsers on tablet devices, smartphones and the traditional POS. The combination...

Swedish carriers go the JV route to promote a national mobile payment effort

Swedish wireless carriers are joining their counterparts around the world and forming a joint venture to support mobile payments. In an announcement, mobile operators Telia, Tele2, Telenor and 3 said they have formed the JV with the expectation that they...

GSMA announces worldwide support for SIM-based NFC

The GSMA, the international trade organization for the wireless industry, announced 45 mobile network operators (MNOs) from around the world have pledged support for SIM-based NFC solutions and services. Among the MNOs supporting the approach are China Mobile and China Unicom, Canada's Rogers Communications, Vodaphone Group and ISIS, the U.S.

Breakeven Inc. Partners With Admeris to launch mobile donations.

Admeris and Breakeven Inc., a provider of cloud-computing solutions for nonprofit organizations, have partnered to create a way for nonprofit organizations (NPOs) to collect donations via smartphones. Breakeven's CauseView platform allows NPOs to track and maintain long-term relationships necessary to...

Jumptap report shows increase in tablet shopping, mobile banking

Mobile ad network Jumptap released a new report today on mobile shopping habits. According to the research, tablets are quickly becoming the device of choice for their owners to make purchases over the Internet.

American Express to invest $100M in payment start-ups

American Express is looking to nurture the future of payments. The company announced today that it is looking to invest $100 million in digital commerce start-ups.

Sir Richard Branson backs Square with multimillion dollar investment

Sir Richard Branson of Virgin fame announced via his Twitter feed that he's investing in mobile payment start-up Square. According to a post on the Virgin corporate site, Branson "took interest in Square's rapid growth and novel technology, in particular...

Report: Convenience will drive consumer interest, adoption of mobile wallets

Dallas, Texas-based Parks Associates has a new report that says NFC technologies will become a standard feature on smartphones, and consumer response to the convenience of mobile wallets will drive the creation of a multibillion-dollar industry for credit card companies,...

Juniper Research predicts $43B mobile coupon market by 2016

U.K. analyst firm Juniper Research has a released a new report that forecasts that the total redemption value of mobile coupons worldwide will be more than $43 billion by 2016.

Survey: online and mobile commerce add to a positive holiday outlook

The sluggish economy and rising household expenses are casting a chill over consumer confidence, but not enough to bring back the ghost of recessions past, according to Deloitte's 26th annual survey of holiday spending intentions and trends. While two-thirds (67...

Report: mobile banking app usage up 45 percent over Q4 2010

comScore Inc., a provider of data, analytics and on-demand software solutions for the digital business world, today released an analysis of mobile financial services usage in the U.S. which showed that 32.5 million Americans accessed mobile banking information on their...

Nokia to bring NFC to NYC transit

NFC World is reporting that handset maker Nokia is working with the New York Metropolitan Transit Authority to develop a contactless ticketing system using NFC technologies. According to the NFC World post, the pilot phase for the program will begin...

Report: Social virtual goods via mobile to reach $4.6B in 2016

Juniper Research announced the findings in a new report today. The research firm said that the increased use of social gaming, due in large part to the rise in smartphone adoption, will push the global market for virtual goods bought...

INSIDE Secure hits 10M NFC chips shipped this year

Semiconducter supplier INSIDE Secure, announced it has shipped more than 10 million of its MicroRead and SecuRead NFC solutions so far this year.

In-Stat predicts annual shipments of NFC chips to top 1.2 billion by 2015

The future of NFC, especially as it relates to the future of mobile payments, has plenty of skeptics at this early stage. But research firm In-Stat believes the future of NFC is strong. According to new research the company announced today, the number of NFC chips shipped globally by 2015 will reach more than 1.2 billion per year.

Houston begins offering mobile payment option for parking

What is it about parking and mobile payments? They just seem to go together. CultureMap, the "daily digital magazine" for Houston, Texas, is reporting that a new cellphone payment system for parking will be announced in Houston, starting with 700...

Javelin report says mobile banking a "must have" for FIs

Javelin Strategy and Research has released its newest report and vendor scorecard for mobile banking, and the research firm says that mobile banking is no longer an option for financial institutions. "Mobile banking, once considered a 'nice-to-have', is now a...

Visa exec confirms mobile wallet product for 2012

According to tech site Pocket Lint, Steve Perry, commercial director for Visa Europe, said Visa is bringing its own NFC mobile wallet to market sometime in August or September of next year. The comments came during Visa's European security summit...

Mobile Payments Today publishes state-of-the-industry report

Mobile Payments Today has published its inaugural State of the Industry Report, a survey of both consumers and financial executives on emerging trends and issues regarding mobile payments and mobile commerce. In the exclusive survey, consumers weigh in on their...

WorldPay study finds convenience a primary issue with mobile shoppers

Merchant acquirer and payment processor WorldPay released a new study looking at consumers' attitudes about mobile payments. The research, conducted for WorldPay by Consensus Research, showed that convenience, or more precisely lack of convenience, are sources of irritation for many...

A tantalizing glimpse of Samsung's next NFC phone? (UPDATED)

Lost amidst the hubbub of yesterday's rather lackluster launch of the iPhone 4S, and (at least from a mobile payment standpoint) its glaring omission of NFC capabilities, was the posting of this short video by Samsung on YouTube. The video...

PayPal to open Manhattan pop-up store to highlight its offline offerings

According to TechCrunch, PayPal is looking to open a temporary "pop up" store in New York City's Tribeca neighborhood next month. The article says the locations will allow merchants to view PayPal's new in-store payment products in a more realistic...

B of A inadvertently sparks consumer worries with new P2P application

On top of its decision to charge customers $5.00 a month to use its debit cards, Bank of America is also taking some heat for its new person-to-person mobile payment application. As American Banker reported last week, users of the...

Taiwan gets its own mobile payment JV

Wireless competitors joining forces to create an NFC mobile payment joint venture is becoming the common strategy around the world. Now Taiwan is getting its own Isis-type JV, according to Chinese Economic News Service.

Parking continues to prove itself a friend to mobile payments

Mobile payments continue to find an unlikely friend in parking lots, a fact made evident by news today from the National Parking Association. The NPA, the trade association for the parking lot industry, announced it has formed a strategic alliance...

ABI Research predicts NFC mass adoption by 2016 in US, Western Europe

ABI Research is forecasting that NFC payments will become widely adopted in the U.S. and Western Europe by 2016.

New survey shows consumers hold carriers responsible for mobile security

A study released by AdaptiveMobile today has some implications for mobile payments, especially the wireless carriers looking to get into the mobile payment space. AdaptiveMobile's survey finds that data security is more important to U.S. cellphone users than call quality.

Panelists discuss tokenization during Mobile Payments Today webinar

In a webinar held September 15, 2011, hosted by Mobile Payments Today and sponsored by Magtek Inc., industry experts discussed the role of various security methods in protecting consumer data during mobile transactions. The event, entitled "Bridging People and Payments:...

One-third of consumers say they will spend more online than in-store this holiday season

ThreatMetrix, a provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced results of a joint study with The Ponemon Institute, "Mobile Payments & Online Shopping Survey of U.S. Consumers." The survey, which looked at U.S.

Amex moves into in-app billing with Sometrics acquisition

TechCrunch is reporting American Express has acquired Sometrics, a "virtual currency platform" and provider of in-app billing and payments. According to TC the deal was worth $30 million.

Visa's Latin American, Caribbean growth strategy is working

Payment giant Visa Inc. released some numbers today showing its Latin America and Carribbean strategy is working well.

Tyfone licensing its microSD technology in China

Portland, Ore.-based mobile security and payment technology provider Tyfone Inc. announced today an agreement with AboMem Technology Corp., a Taiwanese manufacturer of memory products.

Fiserv to provide EMV cards, "prepping" market for NFC payments

Fiserv Inc., a provider of technology and systems to financial institutions, announced on Friday that it will begin personalizing chip payment cards based on the EMV standard. "As the U.S. payments industry looks for ways to minimize card-related fraud loss...

Standard Charter, Airtel Africa and MasterCard bring virtual cards to Kenya

International financial services provider Standard Charter PLC announced a partnership with Airtel Africa and MasterCard International this week. The partnership will bring "the world’s first virtual shopping card on a mobile phone" to Kenya.

MasterCard does its own sneak peek

First it was PayPal giving a "sneak peek" of its new offline mobile payment strategy, and now MasterCard has done its own surreptitious reveal. At an analyst event on Thursday in New York City, MasterCard gave several tech sites a...

Analyst report predicts global mobile transactions to reach $945 billion in 2015

Another research firm is weighing in on the potential market for mobile payments, and the predictions are similar to the outlooks of other analysts. In short, the news is good for mobile payments. In its Global Mobile Payment Market Forecast...

EU program shows potential for mobile devices to improve financial accessibility for disabled.

An interesting story from Mobile Payments Today's sister site Kiosk Marketplace on how the European Union is funding a project to make self-service terminals more accessible to the elderly and to people with disabilities. Here's the "nut graph" for the...

Starmount upgrades mobile POS to improve retailers' customer service

Austin, Texas-based Starmount, a provider of software for the retail space, announced today it has released Starmount Engage 2.0, an update to its Starmount Engage mobile-selling assistant.

UK bus company to add contactless, mobile payment reader

The U.K.'s march toward mobile adoption continues apace. U.K.

Webinar to explore payment security and tokenization

A webinar entitled "Bridging People and Payments through Mobile: How tokenization can enhance convenience and security for POS, Online and ATM transactions," will look at how data security is affecting the mobile banking and payment market. The one-hour webinar will take place on Thursday, September 15, at 2 p.m. Eastern.

BTN attempts explanation of mobile payment success, failure

The mobile payment market continues to evolve and Bank Technology News takes a swing at figuring out why some companies in the space are succeeding while others fail. In a fantastic article today, BTN reviews some recent mobile payment misfires,...

RushCard makes mobile financial services easier for US unbanked with new apps

Cincinnati-based UniRush LLC is helping to blur the already fuzzy lines between prepaid cards, mobile banking and mobile payments. The company announced today it has launched mobile applications for Android and iPhone smartphones that let users of its RushCard prepaid...

Arkansas focuses mobile apps on state's underserved

Outreach to the underbanked isn't just for developing economies anymore. Asian site FutureGov features a post on Arkansas' outreach efforts to its poorer residents via mobile apps.

Monitise receives important licensing from Nigeria's Central Bank

British mobile money company Monitise announced yesterday it has received a Mobile Payment System Provider license to provide mobile money services from Nigeria's Central Bank. The company received a provisional license in December of last year and has already set...

ParkMobile to offer mobile payment parking in Nashville

Parkmobile USA Inc. announced that motorists in downtown Nashville, Tenn., will be able to pay for parking using apps on their iPhones, BlackBerrys and Android smartphones.

NRF: Shoppers using smartphones and tablets for back-to-school

In what is surely a sign of things to come, a new survey from the National Retail Federation shows families with school-aged children are hitting stores and websites ready to tackle their back-to-school lists armed with their smartphones and tablets....

NYC to test mobile payments on parking meters

According to the New York Post, New York City drivers can soon look forward to feeding the meter by phone. The city is going to test "pay-by-phone" parking meters. The new meters will warn motorists when time is running out...

Competing German carriers want an mpass

German wireless companies Telefónica Germany, Telekom and Vodafone announced they have signed a letter of understanding to move forward with an NFC mobile payment venture. The new joint venture will be called mpass and may begin operations later this year,...

Concert heralds future of concerts without paper tickets

A post on Sky News reports on a concert in New York being billed as the first ever event to provide every single ticket as a text message to attendees' mobile phones. Concert-goers will show their phones at the door...

Study shows many mobile apps may leave user data vulnerable

An article at Wired confirms why consumers may be justified in worrying about the security of mobile financial applications. The story reports on a new survey of consumer applications conducted by ViaForensics, a digital security firm.

Gartner says NFC payments are at the peak of hype

NFC payments are at their peak, according to analysts IT research firm Gartner Inc. Unfortunately, that peak is the "Peak of Inflated Expectations" on the firm's annual "hype cycle" report.

Global virtual roundtable to discuss mobile payments in developing world

A global "virtual roundtable" is bringing payment executives together to discuss mobile payments in the developing world. Participants will gather at Cisco Telepresence locations worldwide or via Web conference on Wednesday, August 10, from 10–12 a.m.

Consumers Union takes aim at T-Mobile's direct carrier billing

Consumers Union is taking T-Mobile's recent announcement of its new direct carrier billing services to sound the alarm bell. In an announcement, the nonprofit consumer protection organization, best known as the publisher of Consumer Reports, said it was concerned about...

UK insurer already offering mobile payment protection

Mobile payments have barely emerged, but British early adopters can make sure their bases are covered. According to the U.K.'s Independent, the first insurance policy for mobile phone payment technology fraud is now available from insurance2go.co.uk. "We're responding to a...

Philippines becoming model for mobile money

Philippines becoming model for mobile money

According to a report by Filipino newspaper Malaya, mobile banking is taking off in the Philippines. According to the story, the Philippines central bank, Bangko Sentral ng Pilipinas (BSP), reported that 2010 saw nearly 150 million e-money transactions valued at...

Texas makes paying one's debt to society mobile-friendly

The state of Texas is making paying one's debt to society a little less onerous. The official website of the state, Texas.gov, in partnership with the City of Houston, has unveiled a new "mobile friendly" version of Houston's online ticket payment service.

Webinar discusses delivering optimal consumer experiences through mobile banking

A recent webinar titled "Mobile Banking - Delivering optimum consumer experiences with secure, on-demand, mobile access," sponsored by Diebold and hosted by Mobile Payments Today editor James Wester, discussed how a robust mobile banking plan can help financial institutions realize...

Gartner: Mobile payments to grow, but more slowly than expected

In a new report published by research firm Gartner Inc., mobile payments are predicted to see significant gains, but they may not be as big, or come as quickly, as was once expected. "In developing markets, despite favorable conditions for...

Monitise preliminary report shows strong growth

U.K.-based mobile banking and payments provider Monitise plc released preliminary financial results for its year ending June 30, 2011. The company said its revenues for the full year are expected to be around £14 million ($22 million), or more than...

Executive survey: Hurdles, opportunities for banks in mobile payments

Consulting firm KPMG International has issued new survey data collected as a part of a report on banks and mobile payments. The report, called "Monetizing Mobile: How Banks Are Preserving Their Place in the Payment Value Chain," says that 84...

London's transit system to enable NFC payments in 2012

NFC World is reporting that London's metropolitan transportation authority, Transport for London (TfL), has confirmed it is deploying contactless readers throughout the system to allow NFC-enabled phone users to "swipe and go" by next year. "We are now in a...

Google gets Punchd

Google Inc. has one more thing for consumers to slip into their Google Wallets: loyalty punch cards (e.g., "Buy 10 lattes get your next latte free!").

Report: Canadian mobile banking users go from zero to 2.5 million in 14 months

A new report from consulting firm Solutions Research Group reveals that mobile banking apps have gone from zero to 2.5 million Canadian users in 14 months, according to Canadian news outlet The Wire Report. The study, "2011 Mobile Money and...

Report: Online fraud in UK to surge with growth of mobile, social commerce

Mirroring concerns for mobile commerce security in the rest of the world, U.K. Internet payment service provider PayPoint.net released a new report on the potential growth of e-commerce fraud in the U.K.

Juniper, Yankee Group forecast huge growth in mobile transactions by 2015

Recent prediction about the future of mobile payments, and monster valuations of mobile payment companies, have some observers wondering if the industry is suffering from a severe case of hype. But research firms continue to forecast the growth of the...

PayPal president predicts the end of the physical wallet

PayPal president predicts the end of the physical wallet

In a post on the company’s blog, PayPal’s president Scott Thompson boldly predicts the end of the physical wallet may be sooner than you think.  "We believe that by 2015 digital currency will be accepted everywhere in the U.S. — from your local corner store to Walmart.

Visa and ANZ to put NFC payments on hold down under

Global payments company Visa Inc. and Australia's fourth largest bank, ANZ, have decided to put mobile payments on hold for a bit.

Mobile banking could reach 2 billion unbanked consumers, report says

Norwegian mobile communications company Telenor Group released a new study examining the effects that mobile money will have on the unbanked. The study, called "Socio-economic impact of mobile financial services," predicts a staggering 2 billion people who are currently unbanked...

Study: Coupons and security will influence mobile payment adoption

A new study by research firm StrategyOne, commissioned by point-of-sale terminal maker VeriFone, finds most adults in the United States are aware of mobile payments. It also finds many consumers are willing to give mobile payments a try, especially if they get some value besides waving their phones for a payment.

PayPal ups mobile payments projection to $3 billion for 2011

PayPal is reporting good news for its mobile payments group. In a post on PayPal's official blog, Laura Chambers, PayPal's head of mobile, said the company has raised its projections for its mobile payment volume to $3 billion for 2011.

Google's Schmidt predicts NFC payments will be widespread soon

According to the Financial Times, Google’s executive chairman Eric Schmidt said he believes a third of check-out terminals in retail stores and restaurants will be upgraded to allow near field communications (NFC) mobile payments within the next year. Schmidt was...

NetWorld Alliance publishes new roadmap for mobile retail apps

LOUISVILLE, Ky. — NetWorld Alliance, publisher of Mobile Payments Today and other B-to-B news and information portals, has published "Executive Briefing: Mobile Retail Apps," the second in its series of reports aimed at taking complex and current business topics and...

Norwegian company develops faster mobile banking technology

A new technology from Norway promises a radical change to mobile banking. The technology allows Norwegian banking customers to accomplish basic services like bill payment and money transfer on their mobile phones with almost no need to key in information....

Research: Mobile payments to drive rapid growth in alternative payments market

Packaged Facts, a division of MarketResearch.com, says several trends will keep the $62 billion alternative payment market in the United States active through the next five years, and that the most important factor will be mobile payments. Packaged Facts published...

Research: Mobile commerce to reach $31 billion by 2016

In a new report for Forrester Research, Principal Analyst Sucharita Mulpuru predicts retailers can expect only 2 percent of online sales to take place via mobile devices. In a blog post about the research, Mulpuru called the amount "teeny" when...

UK wireless carriers form mobile payment JV

Everything Everywhere, Telefónica UK and Vodafone UK, the U.K.'s largest wireless carriers, today announced the creation of a new m-commerce joint venture (JV) between the companies to support the development and adoption of mobile payments in the U.K. The new...

Survey: integration with mobile phones is a top priority for ATM deployers

Banks and other ATM deployers view integration of ATMs with smartphones as key in the ongoing development of the ATM channel, said Ian Kerr, CEO of Level Four Software Ltd., a Dundee, Scotland-based software developer.The growing use of smartphones will...

HP reported to be introducing NFC devices

Bloomberg, citing two sources familiar with plans, said Hewlett-Packard Co.

South Korea to push NFC requirements for handsets, point of sale

Reuters is reporting South Korea's communications commission is planning to install or upgrade 300,000 mobile point-of-sale (POS) terminals throughout the country at retailers and transportation locations. The Reuters story also reports the South Korean communications commission is going to require...

Report: NFC payments to reach $50 billion by 2014

Juniper Research is predicting near field communication (NFC) payment transactions will reach nearly $50 billion globally by 2014. In a new report, the U.K.-based analysts said the prospects for the technology have improved greatly over the past six months, and...

Radiant Systems adding mobile payments capabilities to offerings

Radiant Systems Inc., an Atlanta-based technology provider focused on the hospitality and retail markets, announced it is actively working with several partners and merchants to integrate mobile payment offerings into its products. The company said in its announcement it has...

West African nations embrace mobile payments

An article at Daily Guide Ghana shows the growing importance of mobile banking and commerce to people in developing regions in Africa. According to the article, several countries in West Africa are beginning to combine the growing wireless networks with...

VeriFone reports on Q2, highlights mobile payments potential

Electronic payment provider VeriFone Systems Inc. announced strong results the quarter ending April 30.

RedPrairie developing mobile solutions for supply chain, stores

According to Retail Info Systems News, RedPrairie, a global supply chain and retail technology provider, has announced that its mobile solutions group is building a suite of mobile applications for the supply chain and stores. "We believe that places like...

Study: British consumers are ready for mobile payments with some reservations

A UK study by point of sale manufacturer Ingenico shows British consumers are ready for contactless payments, but significant issues may hinder adoption. The study showed nearly half of British consumers (46 percent) would use their mobile devices to make...

CEO says Isis still on target

There has been plenty of chatter lately about the future of ISIS. The joint venture launched last year by AT&T Inc., Verizon Wireless and T-Mobile USA was expected to have a mobile payment method based on near field communications (NFC) by sometime this year.

Mastercard study: Consumers eager to make mobile purchases

A study released by global payment giant MasterCard Worldwide found that consumers, especially younger consumers, are ready to trade their wallets for their phones. According to the survey, 62 percent of Americans with cell phones would be open to using...

AT&T exec says Durbin Amendment partially to blame for Isis' shift

According to a story from Reuters, AT&T’s head of business solutions, John Stankey, said the Dodd-Frank financial reform law passed last year played a role Isis’ recent change in direction. According to the report, Stankey said the law’s Durbin Amendment,...

DeviceFidelity looks to change the NFC game

Calling it a game-changer, Richardson, Tex.-based DeviceFidelity Inc. announced it has been granted a patent for its approach to providing secure near field communication (NFC) functionality to mobile devices.

Nokia to introduce NFC capabilities with new 'Angry Birds' game

Finnish mobile-phone maker Nokia Oyj is partnering with Rovio Mobile Oy, the maker of the hit game "Angry Birds," to create a new version of the game to leverage the near field communications (NFC) capabilities of its new phones. Players...

MasterCard CEO says company is looking at all mobile payment scenarios

MasterCard CEO says company is looking at all mobile payment scenarios

On an earnings call with analysts today, MasterCard Inc. President and CEO Ajay Banga addressed mobile payments.

Fed post says mobile payment vulnerability is a myth

In a post called "Dispelling the myths about mobile banking and payments" on the Federal Reserve Bank of Atlanta's "Portals and Rails" Web page, Cindy Merritt, assistant director of the Retail Payments Risk Forum, looks at some of the myths around mobile payment security. Merritt's conclusion may surprise some.

Report: 300 million NFC smartphones by 2014

According to a new forecast from Juniper Research, the number of smartphones with near field communications (NFC) capabilities will reach 300 million by 2014. The Juniper report estimates that more than 1 in 5 smartphones will be NFC enabled worldwide....

Visa Europe to invest $144 million in mobile payments, e-commerce

In remarks made during the Visa Insight conference in Barcelona, Spain, on April 8, Visa Europe chief executive Peter Ayliffe said the card association is planning to invest more than $144 million in mobile payments and e-commerce. According to the...

Survey: Banks, credit unions taking wait-and-see approach to mobile payments

Fiserv Inc,. a technology solutions provider to financial services companies, announced the results of a recent survey on mobile banking strategies at U.S financial institutions.

CTIA: Study shows consumers unaware of mobile security risks

A study by AVG Technologies, a provider of consumer security software, provided some surprising insights into how U.S. consumers view mobile phone security.

US and EU retailers approach m-commerce differently

According to Internet Retailer, 22 percent of retailers in the IR Top 500 report have a mobile commerce site or application, while only around half of retailers with m-commerce sites have mobile applications. Of the IR Top 300 Europe, close...

Rising fuel prices and mobile devices pose threats to POS market growth

Mobile devices will impact traditional POS sales.

MFoundry wins Celent’s XCelent award for mobile tech

San Francisco-based mFoundry recently announced it received Celent's XCelent Award for Advanced Technology 2010 in the research firm's latest Mobile Retail Banking Vendor Report. MFoundry was among 14 companies selected for review by Celent analysts for their latest Mobile Banking...

Mobile payments with iPhone could cut into banks' wallets

American Banker's Mobile Banker reports that Apple's move into the mobile-payments space could soon pose a serious challenge for banks hoping to compete in the mobile space. Mobile Banker reports that several recently unveiled patent applications show Apple has a...

Fiserv reveals nine hallmarks of successful new payment products

Fiserv Inc., a global provider of financial services technology solutions, recently unveiled research on hallmarks of a successful new payments product that it will present at next week's NACHA 2010 conference. Fiserv's study revealed nine characteristics that it says are the hallmarks of success for new payments solutions.

RESEARCH: Future of Payments lies in innovation, customer service

New research from ACI Worldwide Inc. and Retail Systems Research reveals that retailers are not doing enough to keep pace with consumers' swift adoption of technology.

New research shows more opportunities for mobile banking, decline in same-day payments

Digital Transactions reports that two recent research projects reveal new opportunities in mobile banking and same-day bill payments for financial institutions.   According to new research from Javelin Strategy & Research, same-day bill payments are up 45 percent from 2007.

An end to debit: Mobile phones make headway as new payment option

Belfast Telegraph: Consumers may soon use their mobile phones rather than debit cards for purchases that are less than £10. Barclays, with its Barclaycard, and Orange are currently testing the technology, and hope the first customers will be able to...

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Mobile Payments Today: September's top 5 reads