MasterCard has unveiled its Mobile Payments Readiness Index, a kind of league table of 34 countries which the credit card firm surveyed for their readiness to take up three kinds of mobile payments: P2P, mobile web commerce and contactless payments at the point-of-sale terminal. Read more...
A blog written by Harley Geiger, a policy counsel with the US Center for Democracy & Technology, has zeroed in on what happens to consumer data during a payment made via a mobile phone. Read more...
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Shortcomings in leading banking apps raise security concerns but actually breaches are rare and easily fixed. Read more...
During a conference session at last month’s Mobile World Congress David Marcus, Vice President of PayPal Mobile, was asked his opinion of Square, the payments provider that enables small businesses to process payments by attaching a dongle to a conventional smartphone or tablet. Read more...
Today very few mobile money services have succeeded in allowing customers to spend their mobile money in stores or on the web. Read more...
Last week’s Mobile World Congress ran the full gamut of mobile money news covering everything from remittance services in the developing world to new payments systems set to launch this year in the US, and ranging from low-tech SMS-based transaction technology to high-end, NFC-based systems. Read more...
The security of users’ data on competing mobile money services has come under fire over the past week. Read more...
A new report published this week by the Centre for Retail Research on behalf of Kelkoo, the price-comparison website, showed shopping on mobile devices was most popular among British consumers. Read more...
The European Commission has just published a new green paper seeking views about the obstacles that are stopping further integration of the card, internet and mobile payments market. Read more...
It is customary at this time of year to make predictions for 2012. Pronouncements such as “RIM gets bought” or “A lot of NFC handsets will be sold” are common. Read more...
Everyone agrees that the trusted service manager, or TSM, has a crucial role to play in mobile payments. Views of what tasks will fall to the TSM vary but most agree it will manage NFC services using the networks of mobile operators, as well as manage the commercial relationships between service providers and operators. Read more...
Savings, insurance and pensions may not be the most riveting of subject matter, but you’d be amazed how many people want to have them. And that does not just mean people in the developed world who are familiar with banking established as a part of their everyday life. Read more...
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The Thanksgiving holiday in the US, which is celebrated on the fourth Thursday in November, traditionally marks the end of the harvest season. The holiday is an expression of thanks from Americans for their material and spiritual wellbeing. Read more...
A recent survey in the UK of more than 2,000 mobile phone users produced some worrying answers about consumer perceptions of NFC. The survey, which was commissioned by Opinion matters on behalf of Gemalto, found less than one-third (32 percent) of consumers know what NFC stands for. Read more...
While one tends to associate the notion of affordability with emerging markets, reasonably-priced NFC-enabled handsets have actually first emerged in the developed world. Read more...
Safaricom’s M-Pesa mobile money service now processes more transactions within Kenya than Western Union does globally according to a recent report by the International Monetary Fund. It’s another statistic that points to the extraordinary success of M-Pesa (the same report from the IMF also points out that M-Pesa provides mobile banking facilities to more than 70 percent of Kenya’s adult population). Read more...
Like a late-arriving train, Google has finally announced its first partnership with a public transport provider to accept payments from its mobile wallet. Read more...
More evidence this week about why mobile operators and other players must keep a mind on how understandably sensitive users are about the security of their debit and credit card data. Read more...