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Mobile money momentum

As mobile money transfer services like Pingit and Paym gain traction, how will mobile remittances help drive mobile commerce? With all the focus on mobile payments and wallets, and the success of mobile-based money transfer services like Barclays Pingit and Paym in the UK, the spotlight is being shone on the potential of these account-to-account transfer services to bring about… Continue reading >>

Americans trust banks for mobile wallet

Despite the hype that has accompanied the launch of Apple Pay, less than a third of Americans would consider obtaining a mobile wallet app from Apple, while more than two thirds would take a bank’s offering, according to a survey from Phoenix Marketing International. Among the 4200 US households polled in the wake of Apple Pay’s launch, banks are still… Continue reading >>

Universal tokenization platform

Carta Worldwide says it has released its tokenization service for digital payments. The solution, the company says, simplifies deployment and management of mobile payment products while delivering enhanced security and fraud protection. Developed in line with the EMVCo Tokenization framework, and payment network standards, Carta’s advanced system, which has been deployed globally for NFC mobile payments will support all transaction types including… Continue reading >>

Sainsbury’s launch mobile payments app to allow shoppers to pay at shelf

Sainsbury’s is trialling a mobile payments app that will allow its customers to build a virtual basket of favourite products before they shop, as well as scan goods at the shelf and pay for items via their smartphones. The UK grocer’s app can also help navigate customers around the shop to find their predicted items faster, and reduce the checkout… Continue reading >>

Is CurrentC dead before it launches?

CurrentC, the MCX backed mobile payment system developed by a consortium of major retail chains, has made headlines lately for brazenly blocking Apple Pay transactions. The heat CurrentC faced from that poor strategic move is nothing, though, compared to the trouble the embryonic payment system is in now, thanks to news of a data breach – reports PCWorld. CurrentC isn’t even officially… Continue reading >>

One Touch PayPal on its way to Europe

Braintree, acquired last year by PayPal for $800 million, is aiming to take its ‘One Touch’ payment technology for Paypal beyond the US market. In August the parent firm announced that One Touch PayPal was in beta with select US merchants before becoming available to all of those using the Braintree SDK and all PayPal app users in the… Continue reading >>

Apple’s payments move a tipping point – Verifone

Apple’s move into payments with its Apple Pay service represents a tipping point for contactless payments, according to Verifone Europe president June Yee Felix, speaking at the Cartes 2014 event in Paris. The benefits of the tech giant adopting NFC are considerable, she said. “Apple Pay is something wonderful for our industry,” she told several hundred delegates attending the opening… Continue reading >>

Proxama to acquire Aconite Technology

Mobile commerce specialist Proxama is to acquire payment technology specialist Aconite Technology. According to the two companies, the acquisition will create a compelling end-to-end solution for card issuers to migrate to EMV technology. Final terms of the acquisition are subject to completion of due diligence and definitive terms. According to Proxama, the acquisition is ideally timed to capitalise on the… Continue reading >>