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News & Commentary
Content tagged with Payments posted in June 2010
PayPal Opens Payment Platform to Accept Non-PayPal Customers
News  |  6/29/2010
Developers of web and mobile applications can now use PayPal to accept credit card payments from those who don't have PayPal accounts.
Societe Generale Deploys Mobile Payments in Africa
News  |  6/28/2010
European financial services company Societe Generale today is deploying a mobile payment service to banked and unbanked customers in Africa who have access to a mobile phone. Launched thorugh Societe Generale de Banques au Senegal, Yoban'tel by Obopay is a carrier-agnostic service that will allow users to make mobile payments and transfers through their cell phone.
Australian Bank to Use Bank of New Zealand's Anti-Card-Skimming Technology
News  |  6/24/2010
"Liquid encryption numbers" rewrites the information stored in a magnetic stripe every time the customer uses a bank ATM.
Mobile Payment Users to Reach 109 Million in 2010, Gartner Says
News  |  6/23/2010
Analyst firm sees strong growth in developing markets, not so much in the U.S., where there are too many choices.
PCI Council to Give Banks Extra Time to Adapt to Security Standards
News  |  6/22/2010
Moving its standards for securing payment card-related data, applications and terminals to a three-year lifecycle to give members more time to get used to them and offer feedback.
Square Runs Into Credit Processing Setback
News  |  6/21/2010
Mobile payments startup Square announced a setback in rolling out service pending resolution of a credit processing risk issue.
Bank, Security Groups, Microsoft Launch Fraud Reporting System
News  |  6/17/2010
Broad system for sharing information about fraud incidents is designed to catch and curtail criminal internet activity.
PayPal Partners With Singapore Government on Mobile Payments
News  |  6/17/2010
Part of Digital Concierge program designed to boost mobile commerce in the region.
Chase Hires Stephenson to Expand Mobile, Internet Payments Services
News  |  6/14/2010
New York-based JPMorgan Chase announced today it has hired Jack Stephenson as director of mobile, e-commerce and payments. Stephenson previously served as senior vice president of strategy, partnerships, analytics and new ventures at PayPal.
Steven Kietz Joins Emerging Payments Technologies
News  |  6/10/2010
Veteran of Citi's and Chase's card programs to help drive alternative payment projects.
Citi Brings PayPass to Cell Phones
News  |  6/10/2010
Expanding its contactless payment offerings, New York-based Citibank is now offering its customers the Citi payment tag, a MasterCard PayPass-enabled sticker that can be placed on the back of cell phones.
German Post Office and Gemalto Launch Organic Payment Card
News  |  6/8/2010
Card is made from a renewable material derived from corn, sugarcane and potato starch that is said to be easily recyclable and compostable.
MasterCard iPhone App Enables Person-to-Person Payments
News  |  6/4/2010
A new mobile app released June 3 by MasterCard for Apple iPhone and iPad users, allows person-to-person money transfers to accounts at participating banks and credit unions, or with a virtual prepaid account through Bankcorp Bank that is linked to existing MasterCard payment cards or checking accounts.
MasterCard to Let NYC Commuters Tap Rather Than Swipe
News  |  6/1/2010
MasterCard, the MTA, New Jersey Transit and the Port Authority are piloting contactless payments on certain subway and bus routes.

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