Regulatory Uncertainty Casts Doubts On Legal Status of Mobile Payment Services

The emergence of new technology that enables consumers to pay for things with their smartphones has exposed shortcomings in the laws governing financial transactions. As it stands now, no one law or government authority oversees the burgeoning field of mobile commerce. At the same time, regulators have yet...

VeriFone Raises Outlook on Mobile Payment Hopes

VeriFone Systems Inc. posted better-than-expected quarterly results and raised its full-year outlook as it ropes in more customers for mobile payment technologies. The credit card swipe machine maker is betting on strong demand for near field communication (NFC) technology that allows people to pay for their...

mHITs Australia SMS Payment Service Wins 2011 Australian Mobile Awards in Finance, Business and mCommerce Category

The mHITs Australia SMS payment service was announced as a WINNER in the 2011 Australian Mobile Awards. mHITs was selected as the winner of the Mobile Trading Platform section within the Finance, Business and mCommerce category of the awards. “We are very excited to have received this award” says...

Chinese Mobile Payment Company B.Shark Expands to Thailand Market

B.Shark, a Chinese company offering worldwide mobile payment solutions, is expanding its market to Thailand. The company’s mobile payment API covers the three major operators in Thailand: AIS, DTAC and TrueMove. The number of mobile subscribers in Thailand exceeds 70 million, which is greater than the...

Intuit GoPayment App to Be Offered by Verizon Wireless

Verizon Wireless and Intuit Inc.  today announced a strategic alliance to give small businesses – from the sole proprietor to a medium-sized business – the ability to process credit card payments on smartphones and tablets. The companies are now offering Intuit’s GoPayment app and pocket-sized...

Telefónica Germany, Telekom and Vodafone Plan “Mpass” Mobile Payment Company

Telefónica Germany, Telekom and Vodafone are pushing ahead with their joint activities in mobile payments. The three telecommunications providers intend to register their payment service mpass as a separate company, and have signed a letter of understanding to this effect. The new company is due to begin...

Fortumo Selects Payfone for Direct Mobile Billing

Payfone, a leading mobile payment processing service, and Fortumo, a leading provider of mobile payments, today announced that Fortumo has selected Payfone to power the direct billing option for its in-app purchasing SDK. This direct billing mobile payment method offers better reliability and higher security...

Verizon To Integrate American Express’ Payments on Mobile Phones And Tablets

American Express and Verizon Wireless today announced they will integrate Serve, a next-generation digital payment and commerce platform, on many Verizon mobile phones and tablets. Over the coming months, Verizon Wireless customers will be able to establish Serve accounts that will enable them to make...

T-Mobile’s Mobile Payment Plan Risky, Says Consumer Group

Earlier this month, T-Mobile announced that it will soon launch a new service that will enable its customers to purchase digital content using their smartphone, PC, or tablet and bill it to their phone accounts. T-Mobile’s announcement is just the latest development in emerging mobile payment services that...

Visa’s Plan to Dominate Mobile Payments

It’s no secret that credit card companies are shelling out big bucks and aggressively forming partnerships and deals to start cashing in on the mobile and digital payments innovations currently taking place. American Express, which recently debuted its own digital payments product Serve, has been...

China NFC Payment Transaction Values to Top $8 Billion by 2014, Says Report

China could see more than $8 billion in mobile payments by 2014, according to ABI Research forecasts. The Near Field Communication (NFC) market is moving forward on an uneven front. Google is aggressively supporting the technology through the latest generation of Android handsets from its partners such as...

Hidden Costs in Cell-Phone and Digital-Wallet Payment Services, Says Consumer Reports

While Americans are still using plenty of cash, checks, credit and debit cards to pay their bills, new electronic methods such as paying by cell phone or digital wallets are emerging. Before jumping in, consumers should be aware of the disparity in loss liability and consumer protections they offer,...

NXP Lowers Outlook for NFC as Mobile-Payment Growth Slows

NXP Semiconductor NV, Europe’s third-largest chipmaker, lowered its outlook for near-field communication chip shipments in 2011 as mobile-phone operators expand wireless payment systems more slowly than expected. NXP, based in Eindhoven, Netherlands, now sees NFC deliveries at the lower end or “perhaps...

Mobile Banking and Payments Report: The Role of the Mobile Phone as a Banking Device

With over 2 billion users worldwide, mobile phone usage penetrates every core demographic of the world’s population. Research and Markets has announced the release of a new report entitled “ Mobile Banking and Payments.” The report assesses the role of the mobile phone as a...

Payment Methods for Chinese Social Networking Service (SNS) Games Exported to Southeast Asian Market

As Chinese game developers rush to explore the overseas market, game operation as well as in-game payment systems have become a hot topic for game developers. Chinese game developers are running their games in the overseas markets in a number of ways: First, through massive global social networks, such as...

MNO’s Collaborate to Establish Hungarian Mobile Wallet Association

Hugary’s Magyar Telekom, Telenor and Vodafone have joined with three market leading operators–MasterCard, OTP Bank and SuperShop–to establish the Hungarian Mobile Wallet Association. The aim of the Association is to design and articulate recommendations for mobile NFC service standards in...

Daily Deals Get Mobile Payment Solution from Aggregator Monster Offers

Monster Offers, a mobile solutions company and Daily Deal aggregator, announced today its mobile payment strategy is well-positioned to meet the current needs of the Daily Deal industry. As Daily Deal providers converged at last week’s Deals 3D Conference in San Francisco, creating...

B.Shark Mobile Payment API Drives Up the China Phone Market

Just one month after launching the B.Shark mobile payment API, hundreds of mobile application developers and manufacturers have started the integration work, and shipped out the mobiles and have started generating income. Particularly the South East Asian market is showing a sharp increase at the beginning...

MobilePayUSA Launches Virtual Terminal for Mobile Payments–Without NFC

TechCrunch Disrupt 2010 Startup Alley Winner MobilePayUSA announces that private beta-testing of the company’s non-NFC mobile payment solution has begun at the Tutti Frutti Frozen Yogurt in Balboa Island, California. Instead of waiting for NFC technology to become viable, Tutti Frutti is using the...

PayPal Introduces Mobile to Mobile NFC Money Transfers

PayPal introduced its money transfer widget at the MobileBeat technology conference in San Francisco on Wednesday. PayPal’s new widget uses Near-Field Communications technology, which lets you pay for purchases with a wave of your smartphone. PayPal’s widget allows for money transfers between two...