China Telecom’s Beijing branch has published a report, stating that it will open a mobile phone payment function for its eSurfing 3G users.With this new function, users can inquiry about their bank card balances, pay mobile phone fees, pay credit card bills, and transfer money between bank cards with their mobile phones. They can go to China Telecom Beijing’s appointed business halls to open this service.
Read more, via ChinaTechNews.com.
VeriFone Systems, Inc. today announced it has completed the acquisition of Destiny Electronic Commerce (Pty) Ltd. (trading as CSC), a South Africa-based electronic payments solutions provider.
The new VeriFone unit is headquartered in Johannesburg with offices in Cape Town and Durban. CSC’s management team, headed by former CEO Llewellyn Walters, and 160 employees have been integrated into the VeriFone worldwide organization.
VeriFone will build on this organization to expand the company’s presence as a leading provider of secure payment technologies, services and solutions at the point of sale for Sub-Saharan Africa and the Indian Ocean Islands.
Source: VeriFone
The mobile security platform Mobile Everywhere (ME) from Accumulate is being used to enable the mobile payment service “Telia Mobil Plånbok” launched by Swedish mobile operator Telia. With the platform all mobile financial services can be served using one platform; mobile payment, mobile banking and mobile security.
The Telia branded mobile payment service is a solution delivered by PayEx, a leading payment service provider. Accumulate’s mobile security platform Mobile Everywhere (ME) is used for securing all mobile transactions and for the enabling of mobile services as a integrated part of the PayEx mobile payment solutions. [Read more…]
A recent online survey of more than 2,000 respondents by YouGov Plc. and Antenna Software, Inc., showed that more than one in three US consumers with mobile phones, smartphones and tablets currently use mobile banking. This presents both a major growth opportunity for retail banks to increase their customer base, as well as a chance for organizations with current mobile offerings to up their game with more advanced and “sticky” mobile apps for greater customer loyalty and competitive advantage. [Read more…]
BOKU, Inc., an online mobile payments provider, has released the production version of its 1-Tap Mobile Billing for Android, now live in 56 countries. The developer SDK opens up significantly expanded revenue opportunities to Android developers via direct carrier billing for in-app purchases, along with a consumer reach that spans the globe. Once integrated, BOKU’s production Android SDK provides users with a simple 1-Tap purchase process that does not require the collection of credit cards, financial information, user login, or registration through a third-party website.
“When we developed the beta version, the reaction was tremendous and the value to developers was immediately clear,” said Erich Ringewald, CTO of BOKU. “The production version released today includes global country coverage, faster end-to-end transaction time, clear messaging to consumers and enhanced error handling. All these new features help to increase conversion rates to merchants while providing a seamless and secure purchase experience.” [Read more…]
TechCrunch Disrupt 2010 Startup Alley Winner MobilePayUSA asks why wait for NFC to turn your phone into your wallet?
MobilePayUSA enables mobile payments using existing hardware and improves security, so merchants don’t have to upgrade to terminals equipped with NFC (Near Field Communication) technology.
[Read more…]
Research and Markets has announced the release of a new report, entitled “M-Banking Markets and Opportunities.”
Mobile banking refers to a client-server system that is specifically designed for mobile devices, allowing banking customers to use handheld devices to access their accounts, pay bills, authorize fund transfers, or perform other activities. Like many other m-commerce services, mobile banking services can be challenging and no single company has all the expertise required to develop and deliver compelling services on its own. This report evaluates the mobile banking ecosystem and mobile banking solutions including mobile payments, provides a SWOT analysis for Visa and competitors, analyzes solutions for Visa’s weak points, discusses mobile banking implementation, and evaluates the market, applications, and methods. [Read more…]
Multicard, a leading supplier of credential solutions, identity management, and system integration services and a business unit of Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), announced today that it is partnering with the Dutch financial services company Rabobank and the Royal Dutch Hockey Federation (KNHB) to kick off the first consumer campaign promoting its Cashless Betalen™ mobile payment solution. The organizations will demonstrate and market the solution at the prestigious international hockey tournament known as the Rabo FIH Champions Trophy, which takes place from June 25 through July 3 at the Wagener Stadium in Amsterdam. [Read more…]
FonePays, a mobile payment software provider, will be sold to the highest bidder on July 8, 2011. The sale of the Software and other Intangible Assets is being conducted by Steve Geringer a technology consultant and licensed auctioneer. The FonePays software allows users to send money to one another using their mobile phones. FonePays completed development and beta test but was unable to continue operations due to lack of funding. [Read more…]
Square, the company revolutionizing everyday transactions between buyers and sellers, announced today that it has secured $100 million in Series C financing. The round was led by new Square investor Kleiner Perkins Caufield & Byers with participation from Tiger Global Management, LLC.
Square launched in early 2010 as an innovative way for individuals and businesses to accept payments on their mobile devices using an elegant and easy-to-use card reader and application. The company has seen widespread adoption since its launch and helped hundreds of thousands of businesses across the country to grow with its free hardware.
“Square has a great product with extensibility which we believe has the potential to have a lasting impact on how people make payments,” said Mary Meeker, Partner at KPCB. “Square’s product is fast, easy and fun for both consumers and vendors; a small business can be up and running within minutes.”
“Square is eager to continue our momentum and we are proud to have the support and expertise of KPCB among our team of investors and advisors,” said Jack Dorsey, Square CEO. “Our goal is to empower everyone to accept payments anywhere, and we are on course to accelerate our growth in a meaningful way.”
Square currently offers three products; the Square reader, register and card case. The Square reader takes only minutes to set up and enables anyone to accept payments anytime and anywhere on their iPhone, iPad and Android phones. The Square register for iPad serves as a full point of sale system for businesses to accept payments, track inventory, and share menu and location information. The Square card case is the neighborhood way to pay that enables individuals to open a tab at their favorite local merchants, store digital receipts, and browse nearby directory and menu listings.
Mary Meeker will be joining Square’s board on behalf of KPCB. Square also added two new board members earlier this month; economist Larry Summers and Vinod Khosla, Founder of Khosla Ventures.