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.

In Singapore, Trial NFC Mobile Payment Solution for StarHub Subscribers

November 29, 2010 by Mobile Payment Magazine

A select group of StarHub mobile plan subscribers from DBS, a Singapore bank offering services in corporate, SME, consumer and wholesale banking in Asia and the Middle East, will be part of a trial of the company’s NFC Mobile Payment Solution for everyday mobile payments.

The trial, which is expected to last 8 months, is jointly organized by DBS Bank, EZ-Link, Gemalto, MasterCard and StarHub. The service adds an N-Flex solution, which will transform the regular handsets into NFC-enabled mobile phones without any change to the device. Implementable on SIM cards across multiple mobile handsets, the N-Flex solution helps in standardization of the handsets supporting NFC. The solution supports the Single Wire Protocol (SWP), which has been endorsed by the GSM Association.

StarHub is a provider of information, communications and entertainment services to both consumer and corporate markets of Singapore. The company operates a fast two-way HSPA+ mobile network in the country that delivers up to 21Mbps data speed to the customers of its GSM network; and also runs a HFC network for delivering cable TV services such as high-def TV and on-demand services and high-speed residential broadband services to the consumers as well.

via: M2M: StarHub Enables DBS Customers to Use NFC Mobile Payment Solution.

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 […]