Mobile Payment Magazine

Rabobank to Implement Commercial Mobile Payment in Netherlands

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Rabobank, one of the largest financial institutions in the Netherlands, is collaborating with Giesecke & Devrient (G&D) in the launch of a commercial mobile payment solution. The cooperation between Rabobank and G&D will enable consumers to have contactless payment products available in smartphones that support Near Field Communication (NFC) technology. The launch of the mobile payment solution is targeted in the Netherlands for 2014.

For the first time in the Netherlands, consumers can use their smartphones in this commercial mobile payment project based on NFC technology. Rabobank and Giesecke & Devrient have already started their collaboration, and in 2014 customers will be able to pay using their smartphones via NFC in all stores equipped with contactless point-of-sales terminals. [Read more…]

Canada’s Rogers Launches Mobile Wallet Service for Android and BlackBerry

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Rogers announced today that its suretap wallet will be available to customers in the coming weeks, making it the first mobile wallet from a carrier in Canada. The service will be available on select NFC-enabled smartphones, offering a co-branded virtual Rogers Prepaid MasterCard and gift cards from select national retailers as the first cards available for download. [Read more…]

FIME Accredited by Visa to Deliver VMPA Testing

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FIMEAdvanced secure-chip testing company, FIME, has been accredited by Visa to deliver Visa Mobile Payment Application (VMPA) testing. This extends FIME’s existing Visa payment card and terminal testing portfolio to also include the validation of a Visa payment application on a secure element (SE).

VMPA is a secure applet that resides in the SE and transforms an NFC phone into a payment device, enabling consumers to pay for low cost goods and services by waving their smartphone in front of a contactless payment terminal. [Read more…]

BU’s Agganis Arena to Accept looped in Mobile Pay App

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BOSTON, MA–PXT Payments, provider of looped in, an electronic mobile payment system, has partnered with Boston University’s Agganis Arena. The Boston mainstay sports, concert, and event venue will accept the looped in app at all of its food and beverage stands.

“looped in mobile technology offers fans an enhanced user experience at the game, a quick alternative to cash anywhere, deals at the arena and around town, and can keep them in touch with what’s going on at Agganis,” said Kristoffer Brassil, general manager for Agganis Arena. “Fans can be on the lookout for looped in deals, games and even prizes.” The app is geo-location based, so it is easy for people to find looped in merchant deals near Agganis before and after games, too. [Read more…]

Race is On to Build Mobile Wallet App to Corner the M-Payments Market

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The battle to transform the way Canadians pay at the checkout counter is gearing up to be a long slog with countless twists and turns.

While the country’s biggest banks, telcos and credit card companies are sprinting out of the gate, each with different approaches on creating the mobile wallet, the race is more likely to evolve into a marathon with very high stakes. [Read more…]

P2P payments set to launch across UK banks in April 2014

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The Payments Council’s upcoming Mobile Payments Service, which is
due to launch in April 2014, will enable customers to make secure
account-to-account transfers using only a recipient’s mobile phone
number. The launch of the service was revealed at an SQS hosted
seminar that also discussed the technical and legal compliance issues
associated with mobile payment services using open source software
(OSS).

Nick Daniel, Head of Business Development at VocaLink, David Picton,
Senior Project Lead with the Payments Council, Julian Brook, Associate
Director at SQS UK, and Pinsent Masons associate Angus McFadyen led
the panel answering attendees’ questions. The panel focused on The
Payments Council’s upcoming Mobile Payments Service and Picton
believes this new service will be ideal for users transferring money
between accounts while on the move – a point confirmed by Daniel,
who stated that VocaLink anticipates the number of people using mobile
payments to reach 25 million by the end of 2014. [Read more…]

The Ins and Outs of Remote Payments

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Analysts and business owners alike seem to agree that the mobile payment market is up and coming. Each day more and more retailers and service providers are looking for new and different ways to get customers in the door, onto their website, or interested in their services. While there are several ways to accomplish all of these, many analysts agree that offering consumers new and fresh ways to pay is one way to draw them in.

Debit cards and credit cards, simply put, have changed the way people pay for things, and now the advent of mobile technology is further altering the business landscape. Cash is becoming an old commodity. Credit, debit, and mobile payments are the wave of the future. With that being said, many people still don’t truly understand what mobile payments are, and what benefits they offer consumers and business owners alike. To take advantage of the wonders of remote payments, one needs a crash course: consider it Remote Payments 101, a quick and simple way to understand the process and benefits of remote payments. [Read more…]

Why More Industries Should Go Mobile

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Even as late as just a few years ago, having a “dot com” for your business was the best way to attract customers. There is no doubt about it, however, that going mobile is now the way to get more business. In this age of smartphones and tablets, being able to take your business mobile is a small obstacle, but one that is absolutely worth the effort.

The U.N. telecom agency estimates that there are currently over 6 billion cell phone users on this planet, and, in 2012, there were over 35 million iPhones sold just in the second quarter. And these are only Apple’s statistics. Imagine how many other smartphones and tablets are now in the hands of tech-savvy users? Just from 2012 to 2013, there has been an almost 10% increase in people using mobile devices to view and use Internet services. This, coupled with a nearly 300% increase in mobile device traffic on the Internet, definitely shows in which direction Internet business is going. [Read more…]

How Apple Disrupts Mobile Payments

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By utilizing the fingerprint-sensing technology from its AuthenTec acquisition, Apple could easily turn the world of mobile payments on its head. Just imagine the possibilities of simply using your iPhone and your fingerprint to pay for everyday life. Such a move would revolutionize the mobile payment experience, which currently remains a challenge for users. Presently, entering your billing and payment information from a mobile device is somewhat onerous.

Read more via The Motley Fool.