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.

Chinese Mobile Payment Company B.Shark Launches Payment API for Tablets

June 24, 2011 by Mobile Payment Magazine

With more than 300 partners registered in the first week after B.Shark launched its mobile payment API, B.Shark continued to introduce the payment API for tablets. With the B.Shark’s BSpay API, tablet manufacturers will be able to charge consumers from other countries, which would be a new option to increase tablet manufacturer revenue.

The latest IDC report shows that the worldwide shipment of tablets has reached 18 million in 2010. Market research Company IMS expects a growth of 242% and 58 million shipments for tablets in 2011. All of this shows the rapid increase of popularity for tablets– and the Android driven tablets are taking up the market share dramatically. Analyst Toni Sacconaghi has predicted that the shipment of tablets worldwide will reach 215 million units by 2015. He believes that 15% of the tablet sales are derived from consumers from the PC market; consequently, between 2010 and 2015 the growth rate of PC sales should decline by 2%. [Read more…]

Chinese Mobile Payment Company B.Shark Launches In-App Billing API

June 16, 2011 by Mobile Payment Magazine

B.Shark, a mobile payment solution provider covering 116 countries, has announced the launch of its in-app billing API. This Billing API covers the Android platform as well as the Chinese phone platform (MTK platform). [Read more…]

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 […]