Category Archives: mobile payments
This is probably the most significant week the UK has ever seen for mobile money. Two of the biggest operators in the country have announced mobile money implementations – Orange is going for a straightforward NFC-based payments model, whereas O2 looks like it wants the whole mobile banking hog. Continue reading
O2 today confirmed some of the leading financial services players it will work with to launch its mobile wallet service during the second half of 2011. Wave Crest, FIS™, Intelligent Environments and Visa Europe have all been appointed to deliver the payments and processing systems upon which O2’s next phase of financial services products will be based.
The Isis mobile payment offer from AT&T, Verizon Wireless and T-Mobile USA has scaled back. If it hasn’t it should.
The WSJ broke the story that the ISIS venture that would make mobile operators in the US compete with the likes of Visa and Mastercard on mobile has scaled back. Instead of going head on with the mobile payment companies they have decided to create a mobile wallet. But then ComputerWorld said that this wasn’t true and the companies were becoming more open and that scaling back was not an option as the aim was never to become a bank.
In November last year, GoMo news reported on the new mobile transfer system launched in India. Designed to make transferring money via SMS as easy as possible, it was a platform that filled me with real enthusiasm. Six months later, the Interbank Mobile Payment Service (IMPS) has released some results, showing a slow but hopeful performance since launch. We take a look at what the service does, and how it’s been doing. Continue reading
comScore is one of the biggest Internet research agencies in the world – it tracks on-line information for some of the Internet’s largest companies. Today, it has released results from its tracking of US credit card use on-line over the past year. And it shows a very healthy increase in the number of people who trust their mobile devices enough to complete credit card transactions on them. Continue reading
PayPal, which is a division of digital auctioneering giant eBay, has announced that it is buying a mobile location, advertising and commerce company called WHERE. We’ve reported on WHERE several times before, as the company has been very busy this last year – now we take a look at what this acquisition means for PayPal and WHERE. Continue reading
Last month, American Express launched a new digital payments platform called Serve. At launch, it was essentially an alternate version of PayPal – but part of the platform’s point is that new services will be added to it as time passes. One of the first has been announced this week, as mobile payments provider Payfone announces that it will be integrating mobile operator payment channels into Serve. Continue reading
Rating: Plus far too much emphasis on iPhone, Kony study finds
A survey which included some 100 marketing and IT directors at British retail businesses has found multiple gaping holes in retailers’ mobile strategies. Far too much emphasis is being put on iPhone apps, for example. The study found that 74 per cent of retailers claim to have a presence on the iPhone, yet 58 per cent of consumers prefer to shop and browse on other mobile OS platforms. Moreover, 60 per cent of consumers already claimed to use mobile internet to make decisions whilst physically in-store but one third of retailers still have no plans to implement a mobile strategy. The study was conducted by Vanson Bourne on behalf of Kony last month [March 2011]. Continue reading
Rating: Plenty of options with iTunes App Store. though
The concept that potentially huge numbers of customers don’t have access to a bank account, let alone a credit card seems to bypass giant corporations and Google is no exception. In the UK, GoMo News has found it impossible to pay for Android apps without borrowing somebody else’s card. By contrast, the number of opportunities to pay for goods on Apple’s iTunes App Store seem to be constantly increasing. Continue reading
As smartphones have fueled an incredible surge in applications, there has also been a retro-effect on older technologies. More and more institutions are seeing how the humble SMS can be used to provide very modern services. We spoke to Roland Foller, director of product management for mobile messaging at MACH, to find out the ways it’s using messaging to provide service for banks and financial institutes. Continue reading
Rating: Can now regulate every part of the PRS value-chain
The UK regulator for premium rate telephone services (PRS), PhonepayPlus, has finally announced the publication of a new code of practice for the PRS industry. The code will come into force on September 1st 2011. Significantly, for the first time, PhonepayPlus will directly regulate every single part of the PRS value-chain. It claims that this will enable it to better regulate what it calls the “minority of providers” who bring the whole industry into disrepute. UK consumers are frustrated by the fact that constant re-offenders are frequently big names in the business who are fined insignificant amounts. Continue reading