Mobile Payment Magazine

Mobile Payment Service Fee Structures

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The top mobile payment systems all work very similarly, but carry different fee structures. Each one charges a percentage per transaction and sometimes a flat fee per use. For example, mobile payment company Square charges 2.75% for a transaction that uses the swipe accessory. For transactions that are keyed in manually, Square charges 3.5% and a flat fee of $.15. PayAnywhere always charges a flat fee of $.19 per transaction but lowers its cut to 2.69% for swiped purchases and 3.4% for those keyed in manually.

Read more, via Detroit Free Press.

Merchant Perfect Offers Mobile Payment Processing for iPhone, Blackberry And Android Devices

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Merchant Perfect offers a suite of personalized customer service, technology options, and competitive rates for small businesses, and recently introduced services that allow clients the ability to process credit card payments via mobile devices like the Blackberry, iPhone, and Android phones.

Merchant Perfect is a private processing company dedicated to serving the credit card processing services of businesses ranging from the small corner store to major web based storefronts. According to the company, each client receives an individual representative to assist with every aspect of their credit card payment processing account from set up to expansion, and the company’s technical support specialists are available at all times to make sure the client is processing sales without problems. Merchant Perfect also provides hi-tech processing terminals free of charge.

Source: PR Web

Mobile Insider Summit: Aug. 14-17, 2011, Lake Tahoe, NV

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The Mobile Insider Summit is a three day event that brings together the brightest minds in mobile marketing to share leading-edge information and experiences in a think-tank environment while exploring new technology, strategies, and tactics for effective use of mobile as a marketing vehicle.

Summit organizers bring in 50 of the top marketing and agency executives responsible for mobile marketing strategies and budgets for their companies to network, debate, and collaborate about marketing using mobile.

Attendance for the Summits are capped to ensure conversations, learnings and overall experiences are intimate, productive, and highly useful.

Learn more: Mobile Insider Summit 2011.

Mobile Banking Gets Riskier

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“Digital wallets” that let consumers pay with the swipe of a smartphone could make the plastic credit card obsolete. But the technology also could chip away at consumers’ privacy—and tempt them to spend more than they otherwise would.Using a technology known as “near-field communications,” or NFC, consumers will be able to buy items simply by passing their phones in front of a sensor at the checkout counter. The problem, some critics say, is that the ability of merchants, coupon services and others to extract more information about where people shop and what they purchase amounts to an invasion of privacy.

Read more, via WSJ.com.

Gartner Casts a Shadow on Mobile Banking in Australia

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Gartner’s senior analyst for the financial sector has cast doubts on whether Australian banks should invest heavily in mobile banking applications and near field communication (NFC) payment systems, as Australian banks have struggled to profit from mobile banking applications, with the majority of customers using the app’s to check account balances rather than making genuine transactions.

Banking executives have raised similar concerns, questioning whether mobile banking applications offered enough real estate to serve as a portal for directing customers to more profitable banking services.

Read more, via iTnews.com.au.

eBay to Acquire Mobile Carrier Billing Provider, Zong

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-eBay Inc. announced today that it has agreed to acquire Zong, a leading provider of payments through mobile carrier billing, for total consideration of approximately $240 million in cash.

Zong leverages connections with more than 250 mobile network operators around the world, offering localized, secure and easy-to-use payments capabilities for digital goods and services in 21 languages and 45 countries. Combined with PayPal’s leading global payment platform serving 100 million active accounts worldwide, the company expects that Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods. [Read more…]

Consumers Embrace Mobile Commerce Globally

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Consumer engagement in mobile commerce has exploded, according to data from the Global Consumer Survey from MEF, a global community for mobile commerce and content.

As much as 91% of UK respondents have used their mobile device for commerce, to either research or purchase a product. The equivalent figure for Brazil is 79%, while the level did not dip below 72% in any of the markets surveyed. [Read more…]

txtNation

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txtNation is amessaging mobile aggregator and tier-one provider of mobile billing and mobile messaging,
from premium SMS, bulk SMS, Sshort-code services to direct bBilling, txtNation provide a vast range of services across mobile payments.

Focusing on ease-of-use solutions designed and supported by knowledgeable technical and customer support teams, txtNation is an efficient and cost effective mobile messaging, billing and content providers in the business. txtNation’s global reach means that we can facilitate mobile messaging services and products via the SMS gateway across North America, Europe, Australia and Africa.

For more information: txtNation

Source: txtNation

MOBIbucks Secures $5 Million in Series A Financing

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MOBIbucks, a provider of cardless mobile payment and marketing solutions, announced today it has raised $5 million in Series A funding.

Acadia Woods Partners, a New York-based technology, media and life science venture capital firm, led the round which also included the participation of several new and original angel investors. The investment fuels MOBIbucks’ rapid growth in key markets around the world and funds customer service in support of new installations. [Read more…]

Mobile 2.0 Silicon Valley: Sept. 1, 2011, San Francisco, CA

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MOBILE 2.0 Silicon Valley brings together experts and thought leaders from all aspects of the mobile ecosystem, including startups, investors, mobile carriers, device manufacturers, and mobile application developers and web technologists.

The MOBILE 2.0 Conference is a one day event to be held on September 1, 2011.  This Year, The Mobile 2.0 Organizing Committee proposes to examine the impact of  an “Always On, Always Connected” Mobile World.  We will hold a morning plenary session with a series of panel conversations, followed by interactive workshops in the Afternoon.

Mobile 2.0 Silicon Valley is all about giving the audience the opportunity to learn, network and voice their views.

Agenda

“ALWAYS ON, ALWAYS CONNECTED — WHAT ARE THE CONSEQUENCES?”

08:00-09:00 REGISTRATION AND COFFEE

8:45-9:00 Welcome:  Mobile 2.0 Coordinating Committee:  Gregory Gorman, Tony Fish, Dan Appelquist

9:00-12:30 PLENARY SESSION & PANELS

09:00-09:15 Whose In the Driver Seat in Mobile?

Larry Berkin, Mobile Evangelist, Former, SVP, Symbian Foundation

09:15-10:05 Panel #1  What Will Change in A MultiScreen World?  Native App vs Web?

Marc Davis,Partner Architect, Microsoft,  Olof Schybergson, CEO, Fjord, Adam Boyden, President, Conduit, Michael Mace, CEO, Cera Technology

10:05-10:20 Surprise Startup

Interviewed by John Malloy, BlueRun Ventures

10:15-10:45 Coffee Break

10:45-11:35 Panel #2  Is The Cost of Innovation Changing?  Can Small Companies Still Compete?

Mike Rowehl, Co-Founder, Churn Labs, Jeff Haynie, CEO, Appcelerator, Ted Verani, SVP, Trilibis Mobile,  Raam Thakrar, Co-Founder, Touchnote

11:35-11:50 Surprise Startup

Interviewed by Michel Wendell,  Nexit Ventures

11:50-12:40 Next Generation Advertising: What Are the New Models?

Michael Rubin, Executive Director, AT&T Interactive, Blair Swedeen, VP, Placecast, Dorrian Porter, CEO, Mozes, Evan Tana, VP, Shopkick

12:40-13.30 LUNCH

Steve Bratt, CEO, World Wide Web Foundation – Mobile Entrepreneurship in Africa

1:30-5:00 BREAKOUT SESSIONS

13:30-3:00

Workshop A:  Next Generation Advertising. What Are The New Models?

Workshop Leaders: Evan Tana, Shopkick, Colm Grealy, Digital Reach, Eric Chan, Embee Mobile, David Kurtz, AT&T Interactive.  Commentator: Christian Petersen, Cloudmade

Workshop B: What Developers Should Know About Monetization, Marketing and Analytics

Workshop Leaders: James Parton, Telefonica, Michael Oiknine, Apsalar, Peter Vesterbacka, Rovio, Larry Berkin, Steve Manning, Opera.  Commentator: Sheena Chandrok, MoMo Seattle

Workshop C:  Building Great Apps Using Mobile Web Standards

Workshop Leaders:  James Pearce, Sencha, Matt Womer, W3C, Dan Appelquist, Vodafone,  Commentator: Enrique Ortiz, MoMo Austin

3:00-3:30 Coffee Break

3:30-5:00

Workshop A: Multiscreen World/Native vs Web

Workshop Leaders:  Phil Lenton Compsoft Plc,  Ben Keighran, Chomp, Mario Tapia, Mobile Monday, Silicon Valley, Adam Boyden, Conduit.  Commentator: Raj Singh, Mobile Guru

Workshop B:  Cost of Innovation: Can Small Companies Still Compete?

Workshop Leaders: Mike Rowehl, Churn Labs, JT Buffmire, Sprint Emerging Solutions Group,  Raam Thakrar, Touchnote, Jeff Haynie, Appcelerator.  Commentator:  Juha Christensen, Partner, Progression Partners

Workshop C: How to Design for Context in Mobile

Workshop Leaders: Olof Schybergson, Fjord, Peter Marx, Qualcomm.   Commentator: Brian Fling, Pinch/Zoom

5:00-5:30 Thoughtful challenge :  Soft SIM and the implications for breaking the Visa/Mastercard  duopoly

5:30-6:00 Last Words, Wrap-up

6:00-7:30 COCKTAIL PARTY!!

 

For more information and registration: Mobile 2.0 Silicon Valley