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Nokia Siemens Networks

December 25, 2010 by Mobile Payment Magazine

Nokia Siemens Networks is a global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services, consultancy and systems integration, deployment, maintenance and managed services.

It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland.

More information: Nokia Siemens Networks

Filed Under: Mobile Payment Companies Tagged With: Nokia, Nokia Siemens Network

2010 Mobile Banking Scorecard Research Report

December 21, 2010 by Mobile Payment Magazine

Javelin Strategy and Research has released its 2010 Mobile Banking Scorecard: How 19 Top Financial Institutions Compare on Mobile Channel Retail Delivery. The survey presents an overview of mobile banking services offered by 19 of the 30 largest U.S. financial institutions (FIs) based on deposits. The survey covers five key areas of mobile banking: marketing and security messaging, mobile access, general features, short message service SMS features and security.

As part of the data collection process, mystery shoppers also were employed. They searched each FI’s website and contacted each FI’s customer service representatives CSRs a minimum of four times. Of the 30 FIs researched and contacted in June and July 2010, 19 offer mobile banking services to their customers.

When scoring the FIs, Javelin reviewed a total of 47 criteria. Based on a quantitative analysis of the criteria, FIs were awarded either a gold, silver or bronze status. This report further includes a profile of Bank of America.

More information or to download a report summary: Javelin Strategy – 2010 Mobile Banking Scorecard.

Filed Under: Research Tagged With: Apple, Bank of America, BB&T Corp., BBVA Compass, Capital One, Chase, Citigroup, Fifth Third, google, Huntington Bancshares, ING Group, JPMorgan Chase, Key Corp., Marshall & Ilsley, PNC Bank, Regions Financial, SunTrust Bank, Synovus Financial, US Bancorp, USAA Federal Savings, Wells Fargo, Zions

Verizon Will Have 33% of 376 Million U.S. Mobile Subscribers by 2014, Say Forecasters

December 17, 2010 by Mobile Payment Magazine

The United States will have 376 million mobile subscriber connections by 2014, with Verizon Wireless taking just over 1/3 of the market share, according to IE Market Research, a Canadian market intelligence and business strategy research and consulting firm.

The company’s report shows industry-average subscriber growth in the U.S. wireless market has held steady at between 5% and 6%, with Verizon, the largest operator, seeing its year-over-year subscriber growth decline from 7.9% in 2Q.2009 to 5.0% in 2Q.2010. Sprint-Nextel has been losing subscriber, with a year-over-year rate of -1.7% in 2Q.2010.

Positive EBITDA growth at both Verizon Wireless and AT&T Mobility in 2Q.2010. EBITDA growth rate (YoY) at Verizon Wireless was 7.8% in 2Q.2010, down from 9.4% in 2Q.2009. On the other hand, AT&T Mobility’s EBITDA growth was strong at 18.5% in 2Q.2010, up from 7.7% in 2Q.2009.

IE Market Research produces research reports on a variety of industries in markets around the world. The company’s Mobile Operator Forecast on the United States provides over 50 operational and financial metrics for the US wireless market, with 5-year forecasts at the operator level going out to 2014. Mobile network operators covered for the United States include: Verizon Wireless, AT&T Mobility LLC, Sprint Nextel Corporation, T-Mobile USA, Inc., Leap Wireless International, Inc. MetroPCS Communications, Inc., U.S. Cellular, and Cincinnati Bell Wireless.

Source: IE Market Research.

Filed Under: Research Tagged With: AT&T Mobility, IE Market Research, Sprint, T-Mobile, Verizon

BOKU Partners with UK’s Largest Online Classified Ads Company, Gumtree

December 16, 2010 by Mobile Payment Magazine

BOKU Inc, a global leader in mobile payments, today announced that a partnership with Gumtree.com, offering users a convenient way to pay for classifieds listings via their mobile phone number.

Gumtree users can now pay for listings and other features on the website by entering their mobile number and charging directly to their mobile phone bill. At checkout, Gumtree and other participating eBay Classifieds group properties display multiple payment options including credit cards and BOKU payments.

Users choosing to pay by mobile simply enter their mobile phone number to checkout. They receive a text to confirm the payment, and the charge appears on their mobile phone bill or is deducted from their pay-­‐as-­‐you-­‐go credit. An integrated payment connection between Gumtree and BOKU provides a value-­‐added service to the British online consumers and merchants, including a secure payment mechanism that is both convenient and easy to use. Gumtree originated in the UK, and now offers online classifieds postings for 60 different cities spread across 6 different countries: UK, Ireland, Poland, Australia, New Zealand and South Africa. Gumtree users in the UK alone post more than 250,000 new ads every week, and 2.3 million ads are live on the site at any given time.

Gumtree.com users spend an average of 72 minutes on the website each month.

“Gumtree is a leader in Europe’s online classifieds market, one of the largest in the world and part of the global eBay Classifieds Group,” said James Patmore, Managing Director, EMEA for BOKU. “This collaboration is an opportunity to connect with customers who prefer to pay with their mobile phone and is another significant step to BOKU opening up the European market. This collaboration will undoubtedly provide our new British customers with added value and options.” “BOKU mobile payments offer a simple and secure checkout option for Gumtree users,” said Patricia Bennett, head of product for Gumtree. “We’ve always focused on creating a great user experience, and the technology BOKU offers simplifies the payment process, adding value to the overall seller experience.”

BOKU markets their mobile payment service to online merchants and publishers on a global scale. The BOKU service enables merchants and publishers to drive incremental revenue by offering carrier billing as a payment option to their customers. BOKU is connected to over 220 mobile operators in more than 65 countries, and provides access to more than 2 billion potential customers who can pay by mobile. The process for making a payment is simple and convenient -­‐ users simply click Paymo by BOKU to purchase and then 1. Enter their mobile number, 2. Receive a text message to confirm, and 3. Reply with the letter “y.”

Filed Under: Mobile Partnerships Tagged With: boku, Gumtree

mFoundry Provides Mobile Banking Solution for Washington Trust Bank

December 16, 2010 by Mobile Payment Magazine

mFoundry, a provider of secure mobile banking and payment solutions, has launched a fully-integrated multi-mode mobile banking solution for Washington Trust Bank, the oldest and largest privately-owned commercial bank in the Pacific Northwest. Washington Trust customers now have access to a mobile banking solution that includes text, mobile web and mobile applications.

“We are pleased to provide our customers with the greatest range of options for their mobile banking needs,” said Jim Brockett, CIO of Washington Trust Bank. “As we set our mobile strategy, our primary goal was to offer a mobile solution that served our customers regardless of the phone they have, while still providing deep functionality. Of all the options available to us, mFoundry’s solution delivered best on both fronts.”

“Washington Trust Bank is a perfect example of our ability to help banks of any size quickly develop and deploy multi-mode mobile banking solutions,” said Drew Sievers, Co-Founder and CEO of mFoundry. “With more than 250 financial institutions running our software, including three of the top five banks in the country, we have a unique level of experience helping banks and credit unions of all sizes and scale launch successful mobile banking initiatives.”

The WTB Mobile application is available on iPhone, iPod Touch, Android, and many RIM BlackBerry devices, including touch-enabled versions. Using WTB Mobile, users can check balances, pay bills, make transfers, and find WTB branches or ATM locations.

Customers can also use Washington Trust Bank’s enhanced mobile Web to access their online banking via any device with a mobile web browser. The mobile web experience delivers optimized rendering if the customer is using an HTML5-based phone, such as Palm WebOS (in addition to iPhone/iPod Touch, Android, and the most recent RIM BlackBerry devices). With the text banking commands, users can inquire about account balances and transaction history from almost any phone.

WTB Mobile is available for immediate download in both Apple iTunes AppStore and Android Marketplace.

Source: mFoundry

Filed Under: News Tagged With: mFoundry, Washington Trust Bank

eBay Acquires Its Mobile App Developer, Critical Path

December 15, 2010 by Mobile Payment Magazine

As another sign of the continuing growth of the mobile payment landscape and the consolidation of related companies, eBay announced today that it has acquired the company that develops its mobile applications software.

Critical Path Software is a mobile application developer that has worked with eBay for more than two years to help deliver popular mobile apps such as the eBay for iPhone app, and StubHub, eBay Classifieds and Shopping.com iPhone applications. The company, established in 1991 and based in Portland, Oregon, was one of the first developers to create mobile apps for the iPhone, Android and Windows Phone 7 platforms.

According to eBay, the acquisition will allow the company to accelerate its efforts to improve the mobile experience for its customers. Terms of the agreement were not disclosed.

“We’re very serious about innovating in mobile commerce, and this acquisition underscores our commitment to bringing the very best and brightest in the field to eBay,” said Mark Carges, chief technology officer and senior vice president, global products, eBay Marketplaces. “Integrating the Critical Path Software team into eBay will be a big win for mobile shoppers around the world; combined with the talent on our team today, we can make shopping and selling anywhere, anytime, for almost anything, even better.”

With more than 200 million listings available globally at any given time on eBay, shoppers have access to a wide selection of merchandise right from their mobile phones.

eBay Mobile collaborated with Critical Path Software most recently on eBay Inc.’s most popular mobile app, the iPhone 2.0 core eBay app, which has been downloaded by more than 14 million times since its launch in 2008. Critical Path Software also was a key contributor in developing mobile apps enabling users to buy tickets on-the-go on StubHub; search local listings on eBay Classifieds; and access more than 7,000 global merchants on Shopping.com.

Source: Business Wire

Filed Under: Mobile Partnerships Tagged With: Critical Path, eBay, Mark Carges, mobile apps, StubHub

Google Moves Even Stronger Into Mobile Marketing and Payments with Acquisition of Zetawire

December 15, 2010 by Mobile Payment Magazine

Back in November, Google’s Eric Schmidt teased the crowd at Web 2.0 about Google’s plans for NFC mobile payments using the Android OS, and introduced the Samsung Nexus S running Gingerbread and an NFC chip by NXP. It turns out that as early as August, according to the 451 Group, a technology industry Analyst company, Google  also had purchased Canadian stealth startup Zetawire, which likely has a product built around a payment, identity management and advertising system, based on Zetawire’s open patent application.

Google is moving quickly into the mobile payment arena, but with Google, it’s a lot more than just payments. The company has also been active around location-based and mobile marketing and advertising with the launch of the more robust Google Places and its new Hotspot service. Now, with Near Field Communication (NFC) coming closer to reality (led by Google’s Android OS Nexus S smartphone), the company is increasingly well-positioned to capitalize on the coming boom in mobile payments:

  • Android smartphones (Nexus S), with built-in Near Field Communication (NFC) capabilities
  • Google Places and Hotspot, a fast-growing directory of businesses, along with a Marketing/Advertising platform (remember, Google controls online search results also, which often display Google Places company listings)
  • Mobile marketing
  • Google Checkout

Now covering the spectrum of actions from the search, to the ad or merchant listing, to the click, to the promotion coupon to the payment, Google has a lot of touch-points to profit from, and to track ROI.

While some of Google’s previous efforts to branch out its offering of services have withered (Social Networking, for example), the company caught a huge break while Apple’s iPhone was stuck at ATT by launching the very successful Android OS for a generation of smartphones running on alternate networks such as Verizon’s.  By August of this year, Nielsen reported that new smartphone subscribers choosing Android phones were at 27 percent, surpassing Apple iPhone’s 23% share.

References: TechCrunch; Mashable

Filed Under: Mobile Partnerships Tagged With: android, google, Google Hotspot, Google Places, mobile marketing, Mobile Partnerships, Near Field Communications, Nexus S, NFC, NXP, Zetawire

Two Way Communications Payment Sticker Introduced by Blaze Mobile

December 15, 2010 by Mobile Payment Magazine

Blaze Mobile has announced its a new “smart” sticker, which allows real-time transfer of information between the sticker and a mobile device, without the use of a carrier network. With Blaze’s new sticker, when consumers make contactless purchases, the data is sent directly from the sticker to the mobile device, eliminating the need for a carrier network or WIFI.

The sticker can be used on any mobile device, and offers Blaze’s users real-time account information whether in a store, subway, transit station, airplane, or anyplace without cell phone reception. The data transfer is a two-way transfer, so the mobile device can also transmit information to the smart sticker without using a carrier network or WIFI. This technology offers many new possibilities for consumers — for example, a customer can easily store and select from multiple payment options, like credit, gift and debit cards. In addition, Blaze’s sticker allows for a host of business options beyond mobile payments, such as remote access to buildings, cars or health care data, and increased data security because of the ability to remotely deactivate lost or stolen stickers.

This new sticker improves upon the original patent-pending sticker concept that Blaze Mobile pioneered in 2006. Blaze’s first mobile payment sticker was introduced as a solution to the lack of near field communication (NFC) cell phones in the marketplace. The payment sticker has proven popular, and other companies have embraced Blaze’s idea and created their own versions. Blaze’s original sticker sends transaction data in one direction from the sticker to the Point-Of-Sale (POS) terminal, and then traverses the payment network to the Blaze servers. Blaze servers then deliver this digital receipt to the mobile device Over-The-Air (OTA) using the carrier network. This entire process takes only a few seconds, and is acceptable to most customers in terms of performance. A potential problem arises in situations where the wireless network is not available to immediately transfer the data, and the new Blaze sticker eliminates that limitation.

“We are excited about the potential of this new smart sticker since it closely mimics the behavior of NFC embedded inside a cell phone. More importantly, it dramatically increases the number of potential NFC devices, and encourages consumer adoption of contactless payments. Manufactures of mobile hardware and software have announced plans to introduce more NFC devices in to the market, which we are excited about. Until NFC handsets become commonplace, our payment stickers are a free and easy solution for consumers and industry,” explains Michelle Fisher, CEO, Blaze Mobile.

The new Blaze Mobile smart stickers will be available during the first quarter of 2011.

Source: Business Wire

Filed Under: Products Tagged With: Blaze Mobile, mobile stickers

Visa Mobile App for Mobile Shopping Offers Now Available

December 14, 2010 by Mobile Payment Magazine

Visa has announced its Visa Mobile application for the iPhone. Through a tap of the finger, Visa account holders can access more than 50 unique merchant offers ranging from clothing and dining to entertainment.

Visa is working with a select list of popular merchants to deliver exclusive offers to Visa account holders, helping them save money on every-day purchases. More than 50 merchants including some of the most popular retailers in the U.S. such as 24 Hour Fitness, Jos. A. Bank, Meineke, New York & Company, and Zales are providing discounts through the Visa Mobile application, helping them reach more consumers with targeted offers. Offers are automatically delivered and stored in the application, can be tailored to consumers’ life styles and preferences, and can be redeemed either online or at physical retail locations. The application uses location-based technology to provide consumers with a map and directions to a nearby retailer where they can redeem merchant offers.

“Merchants are looking for new and more efficient ways to reach customers, while budget-conscious consumers expect a more rewarding and convenient shopping experience,” said Bill Gajda, Head of Mobile at Visa Inc. “The Visa Mobile application meets the needs of both merchants and consumer and brings one of the most trusted brands in payments to the iPhone.”

Visa is working closely with handset manufacturers, mobile network operators and technology providers around the globe to bring the reliability, scalability and trust of Visa payments to the mobile channel. The Visa Mobile application for the iPhone was developed in partnership with Monitise plc, a UK business which is a global-leading mobile banking and payments platform. Visa signed a global alliance with Monitise in June 2009 to custom-develop mobile services for Visa across a spectrum of handsets to ensure Visa account holders have a consistent, user-friendly, and secure mobile payment experience.

Visa Mobile Application Features

Visa account holders simply download the Visa Mobile application from the iTunes app store and immediately have access to more than 50 unique merchant offers. Key application features include:

Offers:

  • Visa Offers can be tailored to match consumer lifestyle and interest. Visa Account holders can select from several merchant categories such as clothing, dining, jewelry, travel, entertainment, or retail goods. This ensures consumers only get offers they want, and can help increase merchant traffic, loyalty and customer satisfaction.
  • Participating merchants include Planet Hollywood, Papa John’s Pizza, 24-Hour Fitness, Jos A Banks, Tourneau, New York & Company, Holiday Inn, Ramada, Crowne Plaza, Pearle Vision, Meineke, Buca di Beppo, Cold Water Creek, and Hard Rock Café.
  • Account holders with Visa Signature cards will receive special Visa Signature offers in addition to the standard offers.
  • Visa is continuously adding and enhancing merchant offers available through the Visa Mobile application.

Location-Based Services:

  • Using location-based technology, the Visa Mobile application will show consumers nearby merchant locations and provide directions to locations where they can redeem offers and allows them to find the nearest ATM.

The Visa Mobile application is now available as a free download from the iTunes app store.

Source: Business Wire

Filed Under: Products Tagged With: mobile apps, Visa

Money Off Coupons Via Smartphone Very Useful, Say Consumers

December 13, 2010 by Mobile Payment Magazine

A global survey by Accenture on mobile devices and shopping shows that smartphone users would find it useful to download money-off coupons to their phones (79 percent), and receive instant money-off coupons as they pass by an item in a store (73 percent). Conversely, fewer than half (48 percent) of smartphone users have downloaded a coupon from their PCs. The survey results highlight how the growing use of smartphone technology and the economic downturn have encouraged cost-conscious consumers to explore alternative retail channels, such as online and smartphones, to secure bargains.

According to Accenture, the findings of its study of 1,000 consumers in 10 countries suggest that couponing could become a more important part of the retail experience as smartphone technology becomes more widespread, and if retailers are adept at using customer analytics to target messages and deals to consumers. Notably, 48 percent of conventional cell phone users plan to buy a smartphone in the next 12 months.

The results of the survey also indicate that smartphone technology is changing the relationship between customers and retailers. Many smartphone users said that they prefer using their mobile device rather than interacting with a store employee for simple tasks. According to the survey, 73 percent favor using their smartphone to handle simple tasks compared to 15 percent who favor interaction with an employee. Similarly, 71 percent favor using their smartphone to identify a store with a desired item in stock, while 17 percent would prefer to get that information by speaking to an employee.

“Smartphones will permanently change the relationship between the store and the shopper,” said Janet Hoffman, managing director of Accenture’s Retail practice. “Today’s tech-savvy consumer wants a seamless shopping experience across store, mobile or online at a time that suits them. Ultimately, this trend will lead to a new definition of the store; purpose, place and size are all up for debate. Already we are seeing some shoppers treating stores more like a showroom to test products and then making their purchase online.”

Privacy, however, remains a key concern of consumers, and could have a negative impact on the growing use of smartphones for shopping. More than half of respondents (54 percent) worry that using smartphones will erode their privacy. Among the other smartphone shopping concerns voiced, 59 percent of respondents fear losing the personal touch from store employees, and 39 percent believe that products would get more expensive.

“The greater use of smartphones for shopping creates opportunities and challenges for retailers in equal measure,” Hoffman said. “Companies need to use all of their customer information to better understand how and when their customers want to engage with them, ask them questions or just check some basic product details. Only then can they deliver a personalized and enjoyable experience, while lessening the risk of alienating customers through unwanted approaches.”

According to Andy Zimmerman, global managing director of Mobility Services at Accenture, these survey results are an early indicator that mobile applications will transform how businesses compete with one another and interact with their customers. “Companies that successfully integrate the location-based services, commerce, payment and other capabilities of the smartphone into their traditional businesses stand to gain significant competitive advantage over the coming years.”

Among the additional survey findings:

  • 69 percent of smartphone users are aware of smartphone applications from large retailers and 48 percent have downloaded at least one application,
  • 90 percent of consumers who have downloaded an application from a large retailer found it “very useful” or “useful”,
  • 56 percent believe smartphones will make the shopping experience more enjoyable.

Methodology

The survey was programmed and hosted online by Lightspeed Research and designed to obtain interviews with 100 respondents in ten markets; U.S., France, Spain, Italy, U.K., Germany, Brazil, Japan, China and India.

To qualify for the survey, respondents needed to have home access to the Internet through a computer or netbook and carry a mobile phone or smartphone with them when they leave home.

Within each country’s sample, quotas were set as follows:

  • 50 male, 50 female,
  • 50 respondents aged 18-35 years of age, and 50 respondents over 35 years of age,
  • 70 respondents who carry smartphones when they leave home, and 30 respondents who carry conventional cell phones. Some report carrying both.

Source: Accenture; Business Wire

Filed Under: News, Research Tagged With: Accenture, Mobile Coupons

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