Content tagged with Payments posted in November 2010
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Are Mobile Payments Primed for Exponential Growth?
In the developing world, those with cell phones outnumber those with bank accounts. And, as The New York Times reports, global usage of mobile-based banking is on the rise domestically, as well.
DBS Bank To Start Contactless Mobile Payment Trial in Singapore
1,000 bank customers will be offered the opportunity to make mobile payments through a small device embedded in their mobile phone.
PayPal Saw 310% Increase in Mobile Payments on Black Friday
PayPal appears to be on track to move $700 million in mobile payments this year.
Isis Sees Mobile Payments Succeeding Through Partnership
Formed through the partnership of three of the four largest mobile phone operators in the United States, the recently-announced Isis payment network could be the first successful attempt at getting domestic cell phone customers to ditch plastic and start paying with their phone.
Mobile Payment Alternatives Expand: To Be or Not To Be?
Mobile payment alternatives : Has the mobile payments landscape has reached a tipping point for one or more alternatives?
Is Telecom Carriers' Isis Mobile Payment Venture An Opportunity Or A Threat to Banks?
Banks are wary of the mobile payment joint venture formally announced this week by Verizon, T-Mobile and AT&T, but at least one expert says they shouldn't be.
Mobile Payments to Reach $214 Billion By 2015, Aite Forecasts
Analysts anticipate a 68% compound annual growth rate in U.S. mobile payment volume over the next five years.
U.S. Bank To Test Visa payWave Contactless Payments
Bank will issue contactless payment microSD chips that fit into smartphone devices and allow mobile payments.
Smartphone Manufacturers Commit to NFC, but Will Banks?
With Google CEO Eric Schmidt's announcement yesterday at Web 2.0 Summit in San Francisco that the next edition of Android — officially version 2.3, or Gingerbread — will have Near Field Communications capabilities baked in, came new evidence of smartphone manufacturers' and developers' continuing commitment to turning mobile phones into something more akin to digital wallets.
If Any Bank Does Real-Time Transaction Processing, It Shouldn't Sleep
It's time to put payments processing optimization at the top of a bank's priorities.
U.S. Bank to Use PayPal-Like, Bank-Centric Online Payments System
First large bank to offer online payments through NACHA's Secure Vault System.
Only Half of Top 100 U.S. Banks Offer Mobile Banking, Study Finds
Only 32% of the largest U.S. banks offer mobile banking apps, a First Annapolis study finds; others offer SMS and web-based mobile banking.
Citi's 2G Cards A Loyalty Play, EVP O'Neil Says; EMV Chip Cards Next
Citi's new 2G smart cards are focused on helping customers redeem reward points. But the bank has plans to extend EMV chip-and-PIN cards, which it already offers in other countries, into the U.S.
Vulnerabilities Uncovered in PayPal's iPhone App
Flaw allows hackers to intercept user passwords; PayPal has prepared a fix that users can download.
The Final Electronification Frontier
In the march toward payments electronification, pushing clients to embrace electronic-based processing will require banks to understand the reasons for their resistance.
NYPay Group Forms to Trade Payment Ideas, Best Practices
Payment veterans Steve Kietz, Ron Mazursky, Rudolf Booker, Deb Baxley, Nitin Gupta have already begun meeting, live and on LinkedIn.
AT&T and Verizon to Support Contactless Payments
AT&T and Verizon Wireless have signed on to support integrated contactless payments on their phones, giving the technology a much-needed boost, according to IDC Financial Insights' Aaron McPherson.
Who Will Be the Google of Mobile Payments?
The many competing mobile payment schemes in the U.S. have created havoc, according to experts. Banks, the card networks, PayPal, telecom carriers and other players all have skin in the game. But who will emerge as the Google of mobile payments?
Union Bank Launches Mobile Banking for Business Customers
Extending treasury management services to smart phones.
Is Brick-and-Mortar Retail Banking Going the Way of the Dinosaur?
The brick and mortar retail banking industry must innovate or it will go the way of recently-bankrupt Blockbuster Video. Or the dinosaur, for that matter.
BofA Merrill Enhances Online Payment and Invoicing Capabilities for Businesses
Charlotte, N.C.-based Bank of America Merrill Lynch today announced new payment and invoice processing capabilities within its supply chain and treasury solutions offering.
IBM Seeks to Coach Banks On Payments
New Payments Center of Competence will provide subject matter experts to advise on hardware, software, services and strategy.
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