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.

Tagattitude Reiterates Commitment to NSDT Mobile Money in Nigeria

February 9, 2011 by Mobile Payment Magazine

Mobile payment and security technology company, Tagattitude has reiterated its commitment to mobile money programs in Africa. Mobile payments have skyrocketed, particularly in areas where branch banking is not well developed.

Showcasing the product (called Near Sound Data Transfer or NSDT) at the 2011 Mobile money Remittance summit, at the just concluded 2011 Mobile money Remittance summit, Mr. Femi Akinware, a Tagattitude company director, said the speed at which technology has continued to drive change in the global economy had made mobile payment inevitable in Nigeria, and that Nigerians have no option than to embrace the new mobile payment system that are being offered by modern technologies such as NSDT.

The service was launched for Mobile Payment in June, 2010.

via Vanguard (Nigeria).

Tagattitude’s TagPay Mobile Payment Model Based on Encrypted Audio Signals (NSDT)

December 9, 2010 by Mobile Payment Magazine

While Near Field Communication (NFC) is getting a lot of press lately with the announcement of the Isis partnerships, there are other technologies for mobile payment that don’t require either a specific terminal, nor complex agreements among the various parties.

An example is TagPay, a mobile payment solution developed by a French startup called Tagattitude. The product is based on the NSDT technology (Near Sound Data Transfer), which is simpler to implement than NFC-based systems. The can be used in a variety of applications, such as mobile point-of-sale payment, money transfer, web authentication, or control and authorization of physical access.

More information: Tagattitude

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 […]