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News & Commentary
Content tagged with Payments posted in October 2010
Sprint Mobile Wallet Brings Payments to Mobile Phone Customers
News  |  10/29/2010
Sprint is moving into the mobile payments space with Thursday's announcement of the cell phone provider's upcoming Sprint Mobile Wallet capability.
PCI Card Security Standard, Updated Today, Needed Few Changes, PCI Council GM Says
News  |  10/28/2010
No major changes, but clarifications have been made to the broadly adopted card data security standards. General manager Bob Russo urges banks to find all credit card data in their network and monitor their logs.
SWIFT Launches Digital ID Product for Banks' Corporate Accounts
News  |  10/27/2010
Hopes that 3SKey will become universally adopted by banks and their treasury management clients; five large French banks have been piloting the system.
J.P. Morgan Announces Executive Appointments for Treasury & Securities Services Business
News  |  10/27/2010
J.P. Morgan announces executive appointments for Treasury & Securities Services Business: Donald McCree heads Treasury Services; Tom DuCharme and Claudia Slacik named regional CEOS; Dan Taylor joins bank as Executive Director on Global Market Infrastructure team.
USAA Bank Teaming with PayPal for Mobile Payments
News  |  10/26/2010
P2P payment app, slated to be released in mid-2011, will let USAA members pay friends, family, babysitters, etc., through their mobile phone.
PayPal Unveils Online Micropayments
News  |  10/26/2010
Facebook and have signed up to let subscribers make small purchases online via PayPal.
Deutsche Bank Expands Remittance Offering with Addition of Four Key Markets
News  |  10/26/2010
Deutsche Bank expands remittance offering with addition of Korea, Philippines, Poland, Turkey; strategic partnership with Itau Unibanco will expand offerings in Brazil.
SWIFT Launches "For Dummies" Book to Promote ISO 20022
News  |  10/26/2010
Putting the fun back in ISO messaging standards.
PayPal, VeriFone Collaborating on Mobile Payments at the Point of Sale
News  |  10/26/2010
Will promote merchant acceptance, as well as P2P payments via iPhone bumping.
Most Corporations Want to Use Mobile Banking, Survey Finds
News  |  10/25/2010
Aite Group and Fundtech report shows 65% of treasurers interested in adopting mobile services and over half willing to pay for them.
Starbucks Expands Mobile Payment Test to New York City
News  |  10/25/2010
Customers with BlackBerry Smartphone, iPhone or iPod touch and the Starbucks card mobile app can pay by phone at 300 Starbucks in New York and Long Island.
PayPal Believes Banks Will Find Value in its P2P Payments Service
News  |  10/22/2010
San Jose, Calif.-based Internet payments company PayPal is touting its person-to-person payments capabilities as a check-killing service that could help financial institutions break into the personal mobile payments space.
Five Strategies for Post-CARD Act Success
News  |  10/21/2010
With new restrictions in place, banks must employ analytic insights more than ever to keep their card businesses profitable, advises FICO's Lynda Woodward.
Consumers Would Switch Banks for Instant Mobile Payment Capabilities
News  |  10/20/2010
A little more than half of consumers who are interested in the ability to make mobile payments from their cell phone would consider leaving their bank for one that gives them that capability, according to research commissioned by Redwood City, Calif.-based mobile payments provider Obopay
Pinnacle Bancorp Selects Fiserv CheckFree RXP for Online Bill Pay
News  |  10/15/2010
Nebraska-based Pinnacle Bancorp ($5.8 billion in assets) has selected financial services technology provider Fiserv, Inc.'s CheckFree RXP online bill payment service in an effort to expand the bank holding company's online billing and payment capabilities.
Citi Piloting Chip-Embedded Reward Card
News  |  10/14/2010
Buttons on front of card let customers use reward points or cash rewards at the point of sale, or just use their credit card normally.
Cast Management Consultants Taps Patrick Moore to Lead Treasury Management and Payments Strategy Practice
News  |  10/13/2010
Cast Management Consultants taps former Fifth Third Bank treasury management exec Patrick Moore to lead Treasury Management and Payments Strategy practice.
Navy Completes Rollout of Stored Value Cards
News  |  10/12/2010
No more need for sailors to carry cash.
Banks Should Upgrade Business Payment Technology, Silicon Valley Bank’s Pradeep Moudgal Says
News  |  10/12/2010
All the emphasis has been on consumer payments, but the business side will be more lucrative, according to the bank's head of global cards and merchant services.
PayPal Sees $100K in Deposits Within 36 Hours of Adding iPhone Remote Deposit Capture
News  |  10/8/2010
Within 36 hours of releasing new mobile deposit capture technology built into the PayPal Mobile iPhone app, PayPal announced through its blog that it had already processed more than $100,000 in check deposits.
U.S. Bank Launches Mobile Banking for Prepaid Business Card Customers
News  |  10/8/2010
Lets large business customers offer mobile convenience to those to whom they would in the past have distributed checks.
African Mobile Money Payments at $200 Billion by 2015, Pyramid Forecasts
News  |  10/7/2010
African mobile money transfers will exceed a total value of $200 billion in 2015, accounting for some eight percent of the continent's gross domestic product, according to a report released Wednesday by Pyramid Research.
Two U.S. Bank Payment Products Gain Federal Cooperative Purchasing Status
News  |  10/6/2010
Minneapolis-based U.S. Bank announced today it has received a Cooperative Purchasing supplier of information technology and professional services designation for two of its products under the U.S. General Services Administration's Schedule 70 program, which leverages federal government buying power to benefit small state and local public entities.
IDC Examines Why Some Mobile Payment Models Succeed
News  |  10/4/2010
In a report released today, IDC Financial Insights looks at five mobile payment initiatives: MasterCard MoneySend in the U.S., India and the Philippines; Jibun Bank in Japan; Zoompass in Canada; SK Telecom in South Korea; and PayPal Mobile in the U.S. and shares why these projects have been successful.

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