Tag Archives: visa

Visa deal to generate €45m for Monitise

Credit card giant extends its grip on mobile money firm

Monitise has forged a new three year deal with Visa Europe that will generate revenues of at least €45 million for the UK mobile money specialist. It will allow the European arm of the world’s largest credit card firm to use Monitise technology in its mobile software at the same time accelerating adoption of mobile payments, it’s claimed. Continue reading

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Visa and Samsung in mobile money pact

Two biggest names in their fields come together

Visa and Samsung have joined forces in a bid to accelerate user adoption of mobile money along with the take-up of NFC ‘tap-and-pay’ technology. The Visa Samsung global alliance signals the first of its kind between a leading NFC handset manufacturer and payment organisation. Under the deal, Samsung will preload Visa’s pay Wave app on to its NFC smartphones, making it easier for consumers and financial institutions to link their new handsets to their bank accounts. Continue reading

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Monitise bounces back as £100m fund raising strategy becomes clearer

Also buying out other half of Mobile Money Network

Mobile payments firm Monitise has embarked on a two-prong attack to beef up its operations, detailing how it hopes to raise £100 million through share placings while simultaneously seizing full control of the Mobile Money Network. Formed 2003 and yet to turn a profit, London-based Monitise provides mobile payments for Visa and UK high street banks. But last week, when it first unveiled its plans to raise money, its shares on Aim dived 7 per cent amid analysts fears that it was struggling. Continue reading

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Monitise shares plunge 7% on news it wants to raise £100m

City nervous about why it wants extra cash

Shares in British mobile banking firm Monitise were down nearly 7 per cent in midday trading today [29th November 2012] after it emerged that it was hoping to raise up to £100 million from institutional and strategic investors. CEO, Alastair Lukies, said the proceeds would be used to fund new mobile banking and commerce opportunities for financial institutions and payment companies. He added that more than 18 million customers were now registered with its mobile money services, compared with 5.5 million this time last year. Continue reading

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UK’s Monitise revs up for fast lane

£24m cash injection to help mobile payments firm accelerate growth

AIM-listed Monitise, which provides mobile payments technology for Visa and most of the UK high street banks, will pass another milestone this Wednesday [29th August 2012] when it raises around £24 million through the placing of up to 81 million new shares. With the pace of mobile payment innovation hotting up and Apple tipped to introduce its own scheme with its new iPhone next month [September 2012], rival contenders need to secure turf now before users of the new technologies get too settled. Continue reading

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Guest Post: How to maximise m-commerce potential

Phil McGriskin, chief product officer with WorldPay, looks at how retailers can best approach implementing a mobile payments channel

m-commerce has been hotly tipped as the next major advance in retail and payments for about the last six years, but only recently have we seen merchants finding ways to make it into a stable revenue stream. The ubiquity of mobile devices in our day-to-day lives has essentially changed consumers’ shopping behaviour so that they can browse and buy through their devices anytime, anywhere. Coupled with technological advances, never has the opportunity for mobile been so great. Continue reading

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Mobile payments support is the Galaxy s3′s killer feature

Rating: Never mind the processor speed and the screen size

Tomorrow [May 29th 2012], is the official release date for the Samsung Galaxy S3 smartphone in Europe and ten other cities worldwide including Tokyo and Dubai. There have already been glowing revues and the general consensus is that this is the handset which will really take the battle to Apple and its iconic iPhone range. Many pundits seem to overlook the fact that Samsung has already stolen the mantle of the leading vendor of mobile phones from Nokia. So why shouldn’t the Galaxy S3 trounce the iPhone because Samsung obviously knows what it is doing in the mobile phone business. Making phones that people actually want helps a lot. However, GoMobile News is with Fred Huet, founder of Greenwich Consulting, who points out that mobile payments is Apple’s Achilles heel. Continue reading

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Barclays Visa contactless cards wide open to fraud says UK’s Channel 4

Rating: You can obtain card details using your NFC enabled smartphone

UK TV station, Channel 4,  is claiming to have discovered the potential for enormous fraud against those people issued with contactless Visa cards supplied by Barclays Bank. The station argues that you don’t even need to ‘lift’ a person’s wallet from their person. Using an NFC enabled smartphone it’s possible to read the data from Barclays cards using ordinary NFC data capture software. Channel Four was working in conjunction with mobile phone security specialist – ViaForensics. Barclays has responded that the problem lies with the checks undertaken for ‘card not present’ payments by certain retailers – including Amazon it seems. The scam apparently doesn’t work with other banks’ contactless cards. Continue reading

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Visa introduces suite of mobile services for US financial institutions

Visa DPS, the largest issuer processor of Visa transactions in the U.S., and Monitise, a leading provider of mobile banking services, have launched a one-stop solution for mobile services

Press release

February 8th 2012. Visa Inc today announced the launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices. Continue reading

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Monitise reveals results of working with Visa & RBS

Rating: What’s in the pipeling with Visa sounds more exciting

Mobile banking software specialist, Monitise, has made a number of announcements concerning the spread of its software in conjunction with its banking partners. One of them has been the results of collaboration with Visa to enhance its issuer processing platform, Visa DPS, to offer mobile services. Visa claims these can be accessed via any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. The other announcement covers the results of its partnership with RBS Group Technology Services. This has enabled RBS and NatWest to launch new mobile business banking apps. Basically, the group has been able to release a news iOS version of its banking app via the Apple iTunes App store. Continue reading

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Mobile Marketing Campaigns for the Olympics 2012

Now, I would have loved to say that I wrote this myself. I didn’t. This is from an article from our mates over at bespoke analyst house MobileSquared

Key Olympic Sponsors’ mobile marketing plans

The Coca-Cola Company: “Coca-Cola invites teens around the world to ‘Move to the Beat’ of Continue reading

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Google Wallet gets rolled out to Sprint Nexus S 4G owners

Rating: Hopes to add more financial partners via NFC support

Having extensively tested it since the first announcement back in May [2011], Google has now rolled out the first version of the Google Wallet app to Sprint. It will become available to all owners of the Sprint Nexus S 4G via an OTA (Over-The-Air) update. The Wallet was trialled with three financial institutions – Citi, First Data and MasterCard. Now, Visa, Discover and American Express have made their NFC specifications available which will enable their cards to be added to future versions of Google Wallet. The eventual goal, however, is for all payment cards to be added to the Google Wallet. Read our own Bena Roberts’ verdict here. Continue reading

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Visa and Fundamo set their sights on 40 million Indonesians

Some news has come out of the GSMA Mobile Money Summit today, which is that one of the biggest mobile money acquisitions we’ve seen is gearing up for some major moves. Visa, which bought mobile money enabler Fundamo, has declared that it intends to bring financial services to 40 million “unbanked” Indonesians through mobile. Continue reading

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Visa buys Fundamo in major mobile money acquisition

Some really good news crossed my in-box today – global payments corporation Visa has acquired mobile money experts Fundamo. “Who are these Fundamo guys?” you might ask. Amongst other things, Fundamo is the creator of the incredible Mobile Money service in Africa – one of the most successful implementation of using mobile to bring banking to the unbanked that the world has seen. Continue reading

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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.
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