Mobile Payment Magazine

Consumers and Mobile Financial Services – Free Report

Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.

Direct Response Forum 2011: August 8-10, 2011, San Diego, CA

July 15, 2011 by Mobile Payment Magazine

The trade association for payments professionals, the Direct Response Forum (DRF), will hold its annual forum on Monday, August 8th through Wednesday, August 10th, 2011 in San Diego, CA. The DRF annually draws top tier experts from the field of card-not-present transactions. This year’s meeting will be hosted by Digital River, a global provider of ecommerce solutions.

The Direct Response Forum brings together leading direct merchants, acquirers, card companies, and service providers for two days of interactive panels, breakout sessions, and roundtable discussions focused on key topics affecting the customer/card-not-present (CNP) merchant community. The Direct Response Forum is a not-for-profit educational organization that is managed by a Board of Directors of executives at leading companies including Aegon Direct Marketing Services, Affinion Group, Ancestry.com, Digital River, Expedia Inc., L.L. Bean Inc., ShopNBC, and Western Union.

This year’s Direct Response Forum, Cruising Through Payment Challenges, will provide a variety of educational sessions designed to give direct merchants real-time strategies for streamlining payment processes and cutting costs. The educational sessions will feature leading experts including:

Dr. Topher Morrison, author, “Bullet Proof – How To Survive In A Slow Economy”
Mark Sanborn, author, “The Fred Factor: How Passion in Your Work and Life Can Turn the Ordinary into the Extraordinary”
Jay Hawkins, Sr. Economist, Visa International, 2011 Economic Trends In Payments
Anita Boomstein, Partner, Hughes, Hubbard, & Reed, LLP, Legal and Regulatory Update

“Many of the top retailers in the world, collectively conducting billions of dollars in credit card transactions annually, attend the Direct Response Forum. This is the event to attend if you want to learn the best practices in the payment industry,” says Chantal Gaspie, DRF Executive Chair.

DRF 2011 will include valuable information on the latest trends in mobile payments, data security, chargebacks, global payment strategies, regulatory issues, prepaid card insights, and recurring payment challenges.

Registration information is available at http://www.directresponseforum.org

Visa “Tap to Phone” Adoption Grows Rapidly

Today, Visa announced that Tap to Phone has experienced a 200% increase over the past year.

Is Your Business PCI Compliant?

A simple guide answering some frequently asked questions as well as debunking a couple myths about PCI compliance.

Nets and Oberthur Technologies Offer Mobile Payments to Scandinavian Banks

Nets, a payments service provider in Northern Europe, and OT (Oberthur Technologies), a global provider of embedded security software products, services and solutions, are partnering to service banks with a financial platform to support future international mobile payment means in the Nordics.

Kohl’s to Launch Mobile Payments

Kohl’s (NYSE: KSS) announced today the nationwide launch of Kohl’s Pay, a mobile payment option which integrates the Kohl’s Charge private label credit card into Kohl’s mobile app. Kohl’s Pay allows more than 25 million active card holders across the country to pay for their in-store purchases with their Kohl’s Charge card directly from their mobile device. Kohl’s Pay also its customers to apply their Kohl’s offers, Kohl’s Cash and Yes2You Rewards with a single transaction right from the mobile device at checkout.

Apple in Talks with Banks to Develop Mobile Person-to-Person Payment Service – Update – NASDAQ.com

Apple Inc. is in discussions with U.S. banks to develop a mobile person-to-person payment service that would compete with PayPal Inc.’s popular Venmo platform, according to people familiar with the talks. The talks are ongoing, and it is unclear if any of the banks have struck an agreement with Apple, these people said. Key details […]