Mobile Payment Magazine

Mobile Payment Strategies Report: Opportunities & Markets 2011-2015

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Mobile Payment ReportA new study from Juniper Research has determined that the total value of mobile payments for digital and physical goods, money transfers and NFC (Near Field Communications) transactions will reach $670bn by 2015, up from $240bn this year. These forecasts represent the gross merchandise value of all purchases or the value of money being transferred.

The new Mobile Payment Strategies report revealed that all segments will exhibit 2x to 3x growth over the next five years. This growth will be driven by the rapid adoption of mobile ticketing, NFC contactless payments, physical goods purchases and money transfers as people in both developed and developing countries use their devices for everyday transactions. [Read more…]

NFC-enabled Point of Sale Ready to Explode, Says Report

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Hosted POS Revenue Projections - AITESeeking to sell hardware and grow revenue, the major original equipment manufacturers (OEMs)—VeriFone, Ingenico, and Hypercom—have developed and begun to implement business strategies that will drive near-field-communication (NFC) technologies into general availability in the United States, opening the door for a variety of new mobile marketing solutions enabled at the POS.

The current inflexibility of transaction-routing infrastructure ensures that existing authorization infrastructure will be unable to handle the new transaction types created by these marketing solutions. This will force the rapid evolution of a new set of hosted transaction-gateway and terminal-management solutions, with revenue opportunities for gateway providers approaching US$0.35 billion annually by 2015. Payments firms that miss the move will take a hit; merchant acquirers, independent sales organizations (ISOs), gateways, processors, and payment networks must develop a strategy that ensures delivery of flexible and centrally hosted POS environments.

A new report from Aite Group projects the deployment of mobile-capable hardware, software, and transaction-routing capabilities necessary to enable point-of-sale-integrated mobile marketing solutions and mobile payments in the United States. Based on more than 50 Aite Group interviews with industry stakeholders conducted from April through July 2011, the report also details the transformation of today’s point-of-sale (POS) infrastructure into tomorrow’s mobile environment.

“Current trends in the payments industry are driving a more complex point-of-sale infrastructure that will require POS services to be offered as hosted monthly services,” says Rick Oglesby, senior analyst with Aite Group and author of this report. “The POS terminal itself may soon become more similar to a cable TV box, opening a portal to a wealth of services to be accessed at the point of transaction. For payments companies, an opportunity exists to be the cable company itself, aggregating the various services in a gateway model and simplifying the way in which services can be accessed.”

Source: Aite Group

Hypercom M5000 Mobile Payment Terminal Announced

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Hypercom’s new M5000 mobile payment terminal is a  hand mobile payment system with a 3.5” color icon-capable touchscreen. The device offers cutting edge mobility, communications and connectivity options available and an integrated contactless reader let merchants accept any type of card payment.  The device is initially supporting GPRS and Bluetooth connectivity.

The mobile payment system is powered by a 266 MHz standard, 400 MHz optional processor, and includes up to 500MB of memory. The processor combined with a touch screen can drive a wide variety of payment or non-payment applications, such as icon-based integration with inventory management or menu ordering systems, and the M5000 includes a software development toolkit for development efficiency and applications portability across the entire Hypercom next generation portfolio.

“Merchants demand payment products that not only expedite the secure transmission of vital transaction data, but also serve as a platform to deliver value-added services to customers, independent of location,” said William Rossiter, Vice President, Global Marketing, Hypercom Corporation. “With our M5000 mobile payment system, we introduce the second in a series of products that run on our next generation platform, include our industry-leading security, deliver the latest features and technology for the lowest total cost of ownership, and thus will enable merchants to deliver new services to their customers today, and well into the future.”

The new M5000 delivers the same unprecedented levels of security as the company’s revolutionary L5000 multilane payment system. It is designed to meet current and future PCI PTS, EMV, ZKA, APACS, JTMS and other global and country-specific security requirements, and features the payment industry’s widest array of high security data encryption technologies. Unlike competitor products, Hypercom’s full X509 Public Key Infrastructure HyperSafe® security layer is also directly embedded in these terminals to protect them and their applications from hacking and malware attacks. All systems also incorporate Hypercom’s HyperSafe Remote Key System for quick and secure payment terminal key injection at the merchant’s location.

Hypercom Corporation (NYSE: HYC) today introduced the M5000 mobile payment terminal, the next generation multipurpose mobile payment system whose futureproof features will protect the investments of a broad spectrum of merchants worldwide, from hotels and restaurants to taxis and delivery companies.

“By bringing to market futureproof systems like the L5000 and M5000, we safeguard our customers’ investments in the fast changing world of payment acceptance and open the door for customers to generate revenue with value-added services, even without payment. Merchants demand payment products that not only expedite the secure transmission of vital transaction data, but also serve as a platform to deliver value-added services to customers, independent of location,” said William Rossiter, Vice President, Global Marketing, Hypercom Corporation. “With our M5000 mobile payment system, we introduce the second in a series of products that run on our next generation platform, include our industry-leading security, deliver the latest features and technology for the lowest total cost of ownership, and thus will enable merchants to deliver new services to their customers today, and well into the future.”

The new M5000 is designed to meet current and future PCI PTS, EMV, ZKA, APACS, JTMS and other global and country-specific security requirements, and features the payment industry’s widest array of high security data encryption technologies. Hypercom’s full X509 Public Key Infrastructure HyperSafe security layer is also directly embedded in these terminals to protect them and their applications from hacking and malware attacks. All systems also incorporate Hypercom’s HyperSafe Remote Key System for quick and secure payment terminal key injection at the merchant’s location.

Source: Business Wire

Hypercom

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Hypercom creates secure electronic payment and digital transaction technologies, used in more than 130 countries to conduct electronic transactions every day.

The company’s products are used in many of the world’s largest retail stores, they are used by single, multilane and mobile merchants, and by companies in the financial, transportation, petroleum, self-service, healthcare, prepaid and many other markets.

Hypercon’s products range from countertop and mobile card payment terminals and PIN entry devices to network access products and integrated server-based payment systems that consolidate, manage and route transactions for the retail, petroleum, ticketing and parking sectors. The company is a leading suppliers of e-health terminals for new electronic health cards, and self-service payment devices for mass transit rail ticketing, road tolls and parking meters, vending machines, kiosks, petrol forecourts and more in Europe, the Middle East, Asia Pacific and North America.

The company was founded in 1978, in Australia, and is a founding member of the Secure Vendor POS Alliance (SPVA), and is headquartered in Scottsdale, Arizona.

Top Management

  • Philippe Tartavull, Chief Executive Officer and President
  • Tomas B. Sabol, Chief Financial Officer
  • Henry Gaillard, Senior Vice President, Global Operations
  • Will Rossiter, Vice President, Global Marketing
  • Scott Tsujita, Senior Vice President, Finance, Treasury, Investor Relations
  • Douglas J. Reich, Senior Vice President, General Counsel, Chief Compliance Officer, Corporate Secretary

NYSE: HYC

More information: Hypercom

via Hypercom: Delivering Secure End-to-End Electronic Payment Products, SW Solutions & Services.