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.

TIO Networks Launches PG&E Mobile Bill Payment App

February 14, 2011 by Mobile Payment Magazine

TIO Networks has launched the Pacific Gas and Electric Company’s (PG&E) “mobile bill pay app”. This mobile payment app is an industry first by a major Utility and provides up to six million PG&E customers in Northern and Central California with the convenience of paying their utility bills on an expedited basis through their iPhones and iOS devices.

“Almost immediately from the pre-launch phase in late December 2010, we have had strong consumer interest as several thousand PG&E customers have already downloaded the App and are paying their bills” said Hamed Shahbazi, Chairman and CEO of TIO Networks. “We will be expanding the payment platform to include Android and Blackberry versions in the near future. This product was a collaborative effort with PG&E and we appreciate their strong commitment to the project.”

Millions of PG&E customers can now download the TIO mobile application from Apple’s app store for free, and enjoy the convenience of bill payment on the go, anytime and anywhere. The TIO payment application features a user-friendly interface on iOS powered devices for real-time access to a customer’s account balance and intuitive instructions, in either English or Spanish, for fast payment with Visa, Master Card or through a customer’s bank.

Source: Business Wire

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 […]