Mobile Payment Magazine

Merchant Perfect Offers Mobile Payment Processing for iPhone, Blackberry And Android Devices

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Merchant Perfect offers a suite of personalized customer service, technology options, and competitive rates for small businesses, and recently introduced services that allow clients the ability to process credit card payments via mobile devices like the Blackberry, iPhone, and Android phones.

Merchant Perfect is a private processing company dedicated to serving the credit card processing services of businesses ranging from the small corner store to major web based storefronts. According to the company, each client receives an individual representative to assist with every aspect of their credit card payment processing account from set up to expansion, and the company’s technical support specialists are available at all times to make sure the client is processing sales without problems. Merchant Perfect also provides hi-tech processing terminals free of charge.

Source: PR Web

Mobile Banking Gets Riskier

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“Digital wallets” that let consumers pay with the swipe of a smartphone could make the plastic credit card obsolete. But the technology also could chip away at consumers’ privacy—and tempt them to spend more than they otherwise would.Using a technology known as “near-field communications,” or NFC, consumers will be able to buy items simply by passing their phones in front of a sensor at the checkout counter. The problem, some critics say, is that the ability of merchants, coupon services and others to extract more information about where people shop and what they purchase amounts to an invasion of privacy.

Read more, via WSJ.com.

New Mobile Payment Service by Swedish Operator Telia Uses Accumulate’s Mobile Security Platform

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The mobile security platform Mobile Everywhere (ME) from Accumulate is being used to enable the mobile payment service “Telia Mobil Plånbok” launched by Swedish mobile operator Telia. With the platform all mobile financial services can be served using one platform; mobile payment, mobile banking and mobile security.

The Telia branded mobile payment service is a solution delivered by PayEx, a leading payment service provider. Accumulate’s mobile security platform Mobile Everywhere (ME) is used for securing all mobile transactions and for the enabling of mobile services as a integrated part of the PayEx mobile payment solutions. [Read more…]

BOKU 1-Tap Mobile Billing Live in 56 Countries

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BOKU, Inc., an online mobile payments provider, has released the production version of its 1-Tap Mobile Billing for Android, now live in 56 countries. The developer SDK opens up significantly expanded revenue opportunities to Android developers via direct carrier billing for in-app purchases, along with a consumer reach that spans the globe. Once integrated, BOKU’s production Android SDK provides users with a simple 1-Tap purchase process that does not require the collection of credit cards, financial information, user login, or registration through a third-party website.

“When we developed the beta version, the reaction was tremendous and the value to developers was immediately clear,” said Erich Ringewald, CTO of BOKU. “The production version released today includes global country coverage, faster end-to-end transaction time, clear messaging to consumers and enhanced error handling. All these new features help to increase conversion rates to merchants while providing a seamless and secure purchase experience.” [Read more…]

JCB and China UnionPay Announce Further Alliance

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JCB, the only global payment brand based in Japan, and China UnionPay (UnionPay), China’s bankcard association, have signed a memorandum of understanding (MOU) on June 10, 2011 to expand their current strategic relationship and to develop potential new areas of cooperation.

The new alliance envisioned by the MOU will emphasize further strategic alliance in various fields and regions building win-win relationship in the long-term, with the aim of providing new value and products to enhance convenience for customers.

The partnership between JCB and UnionPay dates back to 2003, when JCB and UnionPay signed a merchant acquiring agreement which enabled JCB card acceptance in China. In 2006, JCB started facilitating UnionPay card acceptance on JCB’s ATM network in Japan, followed by the launch of merchant acquiring operations in Japan last year aiming to increase the level of convenience for UnionPay cardholders.

UnionPay’s international expansion is driven by the remarkable economic growth of China, where GDP in 2010 increased 10.3% over the previous year and the country became the second largest economy in the world, while JCB is now actively focusing its global strategy on and beyond Asia. This convergence in the strategy of the two brands strategy led to the new agreement, a milestone in both brands’ global expansion.

JCB and UnionPay aim to further expand and enhance card payment business including Asia that has strong potential growth with this new alliance.

Source: ACN Newswire

Mobile Payment Strategies Opportunities & Markets 2011-2015

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This report by Juniper Research provides the definitive big picture view of the entire mobile payment market, delivering detailed vendor analysis and forecasts for three segments of this rapidly developing landscape; mobile payments for digital and physical goods, NFC retail marketing and mobile payments; and mobile money transfer & remittances (domestic and international).

This invaluable market sizing tool delivers an insightful synopsis of the opportunity for each of the mobile payment segments projecting gross mobile payment transaction values for eight key regions up until 2015. For more in-depth sector focused forecasts, please see each of three related reports within the mobile commerce stream.

This fully updated third edition defines the current mobile payments market structure, exploring a number of vendor applications and services, central to emerging trends within the value chain over the past 12 months.

More, via Mobile Payment Strategies Opportunities & Markets 2011-2015.