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.

FonePays to Auction Mobile Payment Software

June 29, 2011 by Mobile Payment Magazine

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…]

FonePays Selling its Mobile Payments Technology Assets

June 3, 2011 by Mobile Payment Magazine

Mobile Payments Technology Company, FonePays, LLC is seeking a buyer for its technology assets, which includes back-end server software, and front-end applications for the web, SMS messages, Android and iPhone platforms. In addition to the software, other assets include the FonePays’ documentation, registered trademark and domain name.

The sale of the Software and other Intangible Assets will be conducted by Steve Geringer a technology consultant and licensed auctioneer.

Terms and Conditions of the auction as well as technical information about FonePays can be found at: FonepaysAuction.com.

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 […]