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Oberthur (OT) Partners with Samsung for EU Mobile Payments

May 18, 2015 by Mobile Payment Magazine

Oberthur Technologies (OT), a provider of digital security solutions for the mobility space, today announced its partnership with Samsung Electronics for the deployment of Samsung Pay in Europe later this year. [Read more…]

Filed Under: News Tagged With: Oberthur, Samsung, Samsung Pay

Mobile Proximity Payments Forecast 2015

May 11, 2015 by Mobile Payment Magazine

A recent report by Mary Monahan, Javelin Strategies’ Executive Vice President and Research Director, Mobile, analyzes the U.S. mobile proximity payment market, covering payments made by consumers using a mobile device at a merchant’s physical location. Three years of actual historical data and a five-year forecast are provided. By 2019, it is projected that mobile proximity payments will total $54 billion.
[Read more…]

Filed Under: Research Tagged With: Amazon, Apple, Blackhawk Network, Eat24, google, Javelin Strategy and Research, Kofax, Mary Monahan, MCX, Microsoft, Mitek, Mobile Payment Report 2015, Mobile Payment Research 2015, PayPal, Samsung, Travelocity

Samsung to Launch Fingerprint Mobile Payments

April 20, 2015 by Mobile Payment Magazine

samsungSamsung SDS, the IT service affiliate of Samsung Group, has announced that it is launching a new fingerprint mobile payment service with local payment gateway firms KG Mobilians and KG Inicis within South Korea, with global expansion planned for later. [Read more…]

Filed Under: News Tagged With: Fingerprint, KG Inicis, KG Mobilians, Samsung, South Korea

Wallet Wars: The Battle for Payments is Just Starting

April 18, 2015 by Mobile Payment Magazine

Starbucks created a lot of buzz about mobile payments when the company release it’s popular mobile payment app in 2011, and indeed Starbucks was on the vanguard of consumer retail mobile payments. And by most measures the Starbucks app should be considered a success. CEO Howard Schultz told investors during a recent earnings call: “Today in the U.S. alone over 13 million customers are actively using our mobile apps and we’re now averaging over 7 million mobile transactions in our stores each week, representing roughly 16% of total tender, more than any other bricks and mortar retailer in the marketplace.” That’s impressive.
[Read more…]

Filed Under: News Tagged With: Alibaba, Apple Pay, google, Google Wallet, LoopPay, Paydiant, PayPal, Samsung, SoftCard, Starbucks

Samsung Pay to Debut, Competing with Apple Pay

March 3, 2015 by Mobile Payment Magazine

Samsung will release Samsung Pay, a mobile wallet that is compatible with both NFC and magnetic stripe payment card terminals, according to announcements from Samsung and MasterCard at the Mobile World Congress in Barcelona. The wallet will work with Samsung’s upcoming S6 smartphone and leverage LoopPay’s magnetic secure transmission (MST) technology, enabling it to be used at ~90% of existing payment terminals. It will also use the S6’s NFC chip to make contactless transactions.
[Read more…]

Filed Under: News Tagged With: Samsung

Samsung to Acquire LoopPay

February 18, 2015 by Mobile Payment Magazine

Samsung Electronics Co., Ltd. today announced that it has agreed to acquire LoopPay, the mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers.

LoopPay’s technology has the potential to work in approximately 90% of existing point-of-sale (POS) terminals, according to internal research, with no investment in new infrastructure required by merchants. LoopPay will join Samsung to strengthen the company’s overall efforts to provide users with a  mobile wallet solutions.

As part of the acquisition, LoopPay founders and veteran payment industry entrepreneurs Will Graylin and George Wallner will work closely with Samsung’s Mobile Division. LoopPay has built an advanced and widely accepted contactless payment solution using its patented Magnetic Secure Transmission (MST) technology.

“This acquisition accelerates our vision to drive and lead innovation in the world of mobile commerce. Our goal has always been to build the smartest, most secure, user-friendly mobile wallet experience, and we are delighted to welcome LoopPay to take us closer to this goal,” said JK Shin, President and Head of IT and Mobile Division at Samsung Electronics.

Samsung has an existing relationship with LoopPay, having first identified the potential for the pioneering technology when it became a strategic investor along with Visa and Synchrony Financial. The investment, which was facilitated by Samsung’s Global Innovation Center, helped fuel LoopPay’s MST technology development.

“We are excited to take our relationship with LoopPay to the next level, by bringing consumers a mobile wallet solution that is not just safe and reliable, but also widely accepted at more locations than any competing service,” said David Eun, EVP of Samsung’s Global Innovation Center. “Through this deal we can significantly accelerate our mobile commerce efforts. LoopPay’s outstanding leaders and team have deep-rooted relationships with banks, card networks and merchants that will complement those Samsung has established over the years.”

Margaret Keane, President and CEO of Synchrony Financial, the largest provider of private label credit cards in the U.S. and a leader in promotional financing, as well as an investor in LoopPay, commented, “This is great news for our customers who can access their cards and make payments using LoopPay’s contactless MST technology. Our goal is to offer valuable products for our clients, service providers, and our customers. We look forward to working with LoopPay and others to deliver secure mobile payment solutions for all of our 60 million active accounts.”

“LoopPay is focused on delivering a digital wallet solution that is dependable for consumers around the world, one that provides more value from card issuers and the merchants that serve them,” said Will Graylin, CEO of LoopPay. “We are excited to join the Samsung family to continue our goal of making smartphones trusted, secure smart wallets and unlock the limitless possibilities of mobile enabled commerce.”

 

Source: Samsung

Filed Under: News Tagged With: LoopPay, Samsung

Report: Mobile Wallets in the US – Review and Analysis

August 30, 2013 by Mobile Payment Magazine

Mobile Wallets US ReportA new report entitled Mobile Wallets: The U.S. Landscape by Mercator Advisory Group identifies U.S. mobile wallets by category and technology.

The physical wallet might someday go the way of the checkbook, used by few and no longer a necessity. Growing consumer use of smartphones is creating a market for mobile wallets capable of serving many of the same purposes physical wallets served for centuries but now are able to take advantage of a plethora of new functions made possible in an increasingly digital marketplace. [Read more…]

Filed Under: Featured, Research Tagged With: ACI Worldwide, Amazon, American Express, Apple, Apriva, AT&T, Atos Worldline, Attido Mobile, ATX Innovations, bango, BarclayCard, BarTab, BBY Solutions, Belly, Best Buy, Blackhawk Network, boku, Braintree Payment Solutions, Burger King, CashStar, Cellfire, Certify, Clutch Holdings, Coop Financial Services, Corefire, Cumberland Farms, DeviceFidelity, Discover Financial Services, Dunkin Donuts, Dwolla, eBay, Fandango, Fifth Third Bancorp, Firethorn Mobile, FIS, Fiserv, Fortumo, FreedomPay, Giftango, google, Green Dot, GrubHub, Hailo Network, iCache, Ingenico, Intuit, Isis, JVL Ventures, Kinetic Farm, Lake Trust Credit Union, Lemon, LevelUp, Live Nation Worldwide, MasterCard, MCX, mFino, mFoundry, Microsoft, MindMatics AG, Monitise PLC, mopay, Mozido, MShift, National Payment Card Association, NCR, Oberthur Technologies, Pango Shyyny USA, Paperlinks, Parkmobile USA, Payair US, PayByPhone, Paycloud, Paydiant, Paydragon, PayOne, PayPal, PreCash, Proxama, PXT Payments, QuickPay, Research in Motion, RideCell, RideCharge, SafetyPay, Salt Technology, Samsung, SCVNGER, Sears Holdings Management, Shazam, ShopKick, ShopSavvy, Sionic Mobile, SK C&C USA, Spindle, Sprint, Square, Starbucks, T-Mobile, Target, Text2Pay, TMG Financial Services, Tyfone, Uber Technologies, VeriFone Systems, Verizon, Visa

Mobile Payments Report: Opportunities and Strategies for Credit Issuers

August 14, 2013 by Mobile Payment Magazine

Mobil - Credit IssuersA new research report from Research & Markets entitled Opportunities and Strategies for Credit Issuers, examines mobile payment opportunities For US credit issuers.

The major card networks began supporting contactless payments nearly a decade ago, but consumer and merchant adoption has lagged considerably. Several startups, as well as established firms outside of the financial services industry, are marketing enhanced mobile payment services capable of causing significant disruption to the consumer payments value chain. [Read more…]

Filed Under: Research Tagged With: AT&T, Bank of America, Citibank, Device Fidelity, FIS, Fiserv, Gemalto, google, HTC, Isis, JPMorgan Chase, LG, MasterCard, MCX, Paydiant, Research and Markets, Samsung, Sprint, Starbucks, T-Mobile, U.S. Bank, Vantiv, Verizon, Visa, Wells Fargo

Report: Delineating the Mobile Value Chain – A Holistic View of Mobile Payment

September 2, 2012 by Mobile Payment Magazine

As excitement surrounding mobile payments develops, most of the focus has been placed on the wallet apps such as Google Wallet and Isis jockeying for position. However, the success of a mobile payments system will depend on far more than which piece of software will be used on the most devices. A fully functional system will require the integration of a number of different factors, including POS terminals, processing, the devices themselves, and more. [Read more…]

Filed Under: Research Tagged With: ACI, AJB, American Express, Apple, CASSIS International, First Data, Foursquare, Gemalto, google, Groupon, Heartland Payment Systems, Ingenico, Isis, LevelUp, mFoundry, Mobeam, Naratte, Paydiant, PayPal, Research and Markets, RIM, Samsung, SK C&C, Square, Starbucks, VeriFone, Visa, Yelp

Mobile Payment Strategies Report: Opportunities & Markets 2011-2015

July 5, 2012 by Mobile Payment Magazine

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…]

Filed Under: Research Tagged With: 1-800 Flowers.com, Absa Bank, accells, Access Group, Aepona, Air Kenya, airG, Airtel, AIS, Alloy Ventures, Alternet, Amadeus, Amadeus Capital Partners, Amazon.com, Appium, Apple, Arriva Bus, Aruba Networks, AT&T, ATMU, Avea, Axis, Axis Bank, Babies “R” Us, Badoo, Banco de Oro Universal Bank, bango, Bank of Ceylon, Bank of Commerce and Development, Barclays, Battery Ventures, Bell Canada, Bell ID, Bharti, Bharti Airtel, Bharti Telesoft, BICS, BilltoMobile, bitWallet, BKM, BlackBerry Partners Fund, Bouygues, BPI, Brooks Brothers, BSI, BT, C-Sam, Cabela’s, Cebu Pacific, Celpay, Central Bank, CHARGE Anywhere, Citi, Citibank, Ciudad Mexico, Claro Group, Comviva, Copenhagen Metro, Cosmote, Credit Agricole, Credit Saison, Danal, Daylight Partners, DBS Bank, DeviceFidelity, Digby, Digby Chengdu Technology, Digital China, DN Capital, Draper Fisher Juvertson, DSB, DSB S-trains, Eagle Eye Solutions, EastNets, Easypaisa, eBay, eBay Mobile, EnStream, Equity Bank, Ericsson, Ericsson IPX, eServGlobal, EVN, EZ-Link, Ezuza, Facebook, Faulu Kenya, FINNAIR, First Data Corporation, France Telecom, Fundamo, G&D, Gameloft, Garanti Bank, Gemalto, Giesecke & Devrient, Globe, Globe Telecom, Golfsmith, google, Gtel, HBD Venture Capital, Hutch, Hypercom, IBM, ICC, ICICI, Idea, Indosat, ING, Ingenico, Intuit, IPX, Jamster, Jet Airways, JR East, JR West, Juniper Research, KASIKORNBANK, KDDI, Kenya Airways, KPN, KT, la Caixa, LG, Liberty Mutual, LINK Mobility, LMT, Lufthansa Systems, Luup, Maldives Monetary Authority, Maritz Real-Time, MasterCard, Maxis, MCB Bank, McDonalds, MCell, mChek, Meditel, Metro Company, MFIC, MGL, Minick, Miven, Mobifone, Mobilink, MobiVending, Mocapay, Monitise, MoreMagic, Morpho, Motorola, Movaya Chengdu Technology, Movaya Wireless, Movia, Movincom, Mozido, mService, mSolutions, MTN Group, MTS, MTV, Multiply, Myway, Naivas, NCR, Nearbuy Systems, NETS, Netsize, Neustar, NFO Hold, ngpay, Nokia, Nokia Siemens Network, NRJ Mobile, NTT docomo, NXP Semiconductors, Obopay, OpenMarket, Oracle, Orange, Orange Group, Orascom, Orient Corporation, Orvis, PayForIt, Paymate, PayPal, PayPal Mobile, Paytong, PesaPoint, PETCO, Philippine Airlines, Playphone, PLDT, Polaris, Polaris Ventures, PPC, PROSA, Quest Diagnostics, Rakuten, Reliance, Remgro, RIM, RiskSecure, Rogers Communications, S1 Corporation, S3 Ventures, Safaricom, Safarilink, Samsung, Sanlam, Santander, SAP Ventures, SBB, SEAIR, Sfone, SFR, Skype, SMART, Smart Communications, SmartPay, SoftBank, Softbank Mobile, Sony, Sony Ericsson, Sprint, StarHub, State Bank of India, State Bank of Vietnam, Sulake, Sumitomo Mitsui Card Co., Sun Oracle, Sybase 365, T+, TATA, Tata AIG Insurance, TDC, Tech Process Solutions, Telcel, Tele2, Telefonica, Telefonica O2, Telenor, TeliaSonera, Telma, Telus, TELUS Corp, Tetherball, The Home Depot, The NASDAQ OMX Group, The World Bank, Tigo, TIM, Toys “R” Us, Transoft, Tre, TRUE, True Move, TSYS, Twinlinx, Twitter, Uchumi, Ugg Australia, Uninor, Unwire, Utiba, Utiba Americas, Vagverket, Valista, Venda, VenFin, Venyon, VeriFone, Verisign, Vietcombank, Vietnamobile, Viettel, Vimpelcom, VinaPhone, Virgin Media, Virgin Mobile, Visa, Vision Capital, ViVOtech, Vodafone, Vodafone Qatar, Watchdata, Western Union, WIZZIT, World Bank, Yahoo!, YellowPepper, Yoigo, ZAPA, Zest Airways, Zong

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