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How ISIS Consortium Screwed Itself Out of Mobile Payments Market

July 25, 2011 by Mobile Payment Magazine

There has been a huge scrum amongst the smartphone players to capture the market for phone-based purchases. In a very surprising move, the major US-based carriers simply gave up. Isis, the mobile payment system sponsored by Verizon, AT&T and TMobile, announced that it had signed deals with Visa, MasterCard, American Express and Discover to its touch and go payment systems.

Why are US carriers not going after this incredibly lucrative market?

There’s actually a very simple reason. Payment providers require trust, and the US carriers decidedly do not have their customers’ trust.

Read more, via VentureBeat.

Filed Under: News Tagged With: American Express, AT&T, Isis, MasterCard, TMobile, Verizon, Visa

Payfone Appoints Matthew Tucker as CEO

June 27, 2011 by Mobile Payment Magazine

Payfone, a mobile payment processing service backed by American Express and Verizon, announced the appointment of veteran growth-stage company executive Matthew Tucker to the position of Chief Operating Officer. Tucker will drive the company’s global expansion and mobile payments adoption worldwide.

Tucker was most recently the President of Recyclebank, the Wall Street Journal’s 2011 number four-ranked “Next Big Thing” venture-backed company. Tucker brings to Payfone significant background in leveraging global relationships to successfully build and scale growth stage companies. Prior to Recyclebank, Tucker was CEO of Rely Software, and the first head of sales and marketing at Web-based banking pioneer LendingTree. [Read more…]

Filed Under: News Tagged With: American Express, LendingTree, Matthew Tucker, Payfone, Reclyclebank, Rely Software, Verizon

Verizon Wireless and Payfone to Implement Verizon Mobile Payment System

June 9, 2011 by Mobile Payment Magazine

Verizon Wireless and Payfone, a leading mobile payment processing service, today announced the companies are working together to bring a new mobile payment system to Verizon Wireless customers. When available, the service will allow Verizon Wireless customers to make online purchases from their smartphones, tablets and PCs using numerous payment methods, including charging purchases to their monthly wireless statements or using traditional payment methods through financial institution partners. [Read more…]

Filed Under: News Tagged With: Greg Haller, Payfone, PayPhone, Rodger Desai, Verizon

BilltoMobile Adds Sprint, Extends Reach to 240 Million U.S. Customers

February 18, 2011 by Mobile Payment Magazine

A year ago, few people in the U.S. had ever heard of BilltoMobile, a direct carrier billing company with roots in Korea. But the San Jose, Calif. company is fast emerging as a leader in the mobile payments space with direct billing arrangements with Verizon and AT&T and Friday, it’s adding Sprint to the list.

The latest announcement extends BilltoMobile’s reach to about 240 million customers in the U.S., who will be able to make purchases and charge them directly to their cell phone bill. BilltoMobile is actively looking at locking up more carriers in North America and is expanding the number of merchants it deals with directly.

via GigaOm.

Filed Under: Mobile Partnerships Tagged With: AT&T, Bill2Mobile, BilltoMobile, Sprint, Verizon

Verizon’s Ryan Huges to Join Isis Mobile Commerce Network

January 27, 2011 by Mobile Payment Magazine

Verizon Wireless VP of business development Ryan Hughes is leaving his position at the largest wireless carrier in the US.

Hughes has opted to come on board as chief marketing officer for Isis, the upstart mobile commerce network.

via Mobile Marketing Watch.

Filed Under: News Tagged With: Isis, Ryan Hughes, Verizon

BilltoMobile Expands Verizon Carrier Billing Options to Include Boku

January 27, 2011 by Mobile Payment Magazine

BilltoMobile is expanding its direct carrier billing relationship with Verizon Wireless to process transactions from other payment platforms starting with mobile payment start-up Boku. The agreement allows Boku to tap into BilltoMobile’s direct billing gateway and will greatly expand the number of merchants and consumers who can use direct billing on Verizon. BilltoMobile’s deal with Boku is non-exclusive so BilltoMobile could also process transactions from Zong and other payments providers as well.

BilltoMobile last year secured the first U.S. carrier billing deal when it agreed with Verizon Wireless to process payments directly through the carrier’s billing system.

via GigaOm.

Filed Under: Mobile Partnerships, News Tagged With: Bill2Mobile, BilltoMobile, boku, Verizon

Mopay Forecasts Major Growth for Mobile Payments Industry in 2011

January 5, 2011 by Mobile Payment Magazine

mopay, a payment solutions provider for online merchants, forecasts major momentum and movement in the global mobile payments industry in 2011. mopay has identified several trends to watch in 2011 that will have a significant impact on the burgeoning mobile payments industry, including massive growth of the market in North America, increased consolidation and lower transaction costs.

In 2011, mopay estimates the following industry trends will occur:

  • Mobile payments will become a significant method to pay for goods and services online. AT&T and Verizon Wireless have recently announced they will open their networks, signaling a major opportunity for mobile payment penetration in the U.S. In 2011, mopay predicts that major merchants, particularly ecommerce merchants, will add mobile as means of payment and it will become ubiquitous before the 2011 holiday season.
  • 2011 will be known as the year of major investments and consolidation in the global mobile payments industry. In 2010, there was much discussion on this topic as major venture capital deals closed. In 2011, the opportunity for increased consolidation is plentiful, with major industry players – such as credit card issuers, handset manufacturers, telecommunications companies and blue-chip Internet heavyweights – likely to acquire top mobile payment providers.
  • New forms of currency will continue to grow. Facebook Credits launched in 2010 and have already emerged as a meaningful form of currency. Many players in the payment space have introduced their own virtual currency in recent months, but it’s questionable if all of them make sense and will survive. In 2011, major entertainment and social networking providers will continue to introduce their individual forms of currency or branded checkout system.
  • Mobile payments will officially expand beyond the digital realm and into the physical goods environment across the globe. Almost all mobile payment providers are currently focusing their products and deals on virtual and digital goods merchants. This is about to change; mopay already supports the purchase of physical goods through its platform in 28+ countries, and expects this number to go up significantly in 2011 as the acceptance of mobile payments will grow rapidly. Korea and Japan, where mobile payments for physical goods is commonplace, are good examples of how mopay sees the payment future in the physical goods space.
  • Lower transaction costs will be available from all major U.S. carriers. A virtual good has a margin which still makes high transaction costs commercially feasible. Digital goods, often bounded with royalties and concessions, require much lower transaction fees; the usually high production cost and thus low margin of physical goods almost always rules out high transaction fees. The mobile payments industry has joined forces with mobile network operators globally to find a remedy. Although mobile payment transactions will remain more expensive than traditional credit card transactions, 2011 will see major movement towards the new global transaction cost benchmark of 10-15 percent.

“This past year was a boom year for the mobile payments industry around the globe. With the foundational work that occurred in 2010 past us, 2011 is shaping up to be the year that mobile payments see widespread penetration around the globe,” said Kolja Reiss, managing director of mopay, Inc. “At mopay, we have been thrilled to see that the leadership we built in Europe and Asia is resonating in North America; U.S. consumers and merchants alike are ready for mobile payments and we predict that 2011 will be a true turning point for the industry.”

Source: Business Wire

Filed Under: News Tagged With: AT&T, Facebook, Facebook Credits, mopay, Verizon

Verizon Will Have 33% of 376 Million U.S. Mobile Subscribers by 2014, Say Forecasters

December 17, 2010 by Mobile Payment Magazine

The United States will have 376 million mobile subscriber connections by 2014, with Verizon Wireless taking just over 1/3 of the market share, according to IE Market Research, a Canadian market intelligence and business strategy research and consulting firm.

The company’s report shows industry-average subscriber growth in the U.S. wireless market has held steady at between 5% and 6%, with Verizon, the largest operator, seeing its year-over-year subscriber growth decline from 7.9% in 2Q.2009 to 5.0% in 2Q.2010. Sprint-Nextel has been losing subscriber, with a year-over-year rate of -1.7% in 2Q.2010.

Positive EBITDA growth at both Verizon Wireless and AT&T Mobility in 2Q.2010. EBITDA growth rate (YoY) at Verizon Wireless was 7.8% in 2Q.2010, down from 9.4% in 2Q.2009. On the other hand, AT&T Mobility’s EBITDA growth was strong at 18.5% in 2Q.2010, up from 7.7% in 2Q.2009.

IE Market Research produces research reports on a variety of industries in markets around the world. The company’s Mobile Operator Forecast on the United States provides over 50 operational and financial metrics for the US wireless market, with 5-year forecasts at the operator level going out to 2014. Mobile network operators covered for the United States include: Verizon Wireless, AT&T Mobility LLC, Sprint Nextel Corporation, T-Mobile USA, Inc., Leap Wireless International, Inc. MetroPCS Communications, Inc., U.S. Cellular, and Cincinnati Bell Wireless.

Source: IE Market Research.

Filed Under: Research Tagged With: AT&T Mobility, IE Market Research, Sprint, T-Mobile, Verizon

Top Smartphones for the Holidays

November 29, 2010 by Mobile Payment Magazine

Smartphone reviews and top smartphone models available by carrier. If you’re upgrading your smartphone for 2011, here’s a list of the hottest smart phones for the holidays.

Aaccording to research firm Gartner, Android made up 25.5 percent of smartphone sales to end users in the third quarter, up from 3.5 percent in the year-ago quarter. Another theme is the emergence of the tablet as a hot device for the holidays. Apple’s (NASDAQ:AAPL) iPad is currently dominating the market, and is now available at both AT&T Mobility (NYSE:T) and Verizon Wireless (NYSE:VZ). However, Samsung plans to make a big push as well, and will have its Android-powered GalaxyTab available from all four Tier 1 carriers this season. Finally, Microsoft also hopes its Windows Phone 7 platform catches fire amid the crowded market.

  • Verizon Smartphones
  • AT&T Smartphones
  • Sprint Smartphones
  • T-Mobile Smartphones
  • via FierceWireless

Filed Under: Products Tagged With: android, Apple, AT&T, GalaxyTab, mobile phone reviews, Mobility, smartphones, Sprint, T-Mobile, Verizon

U.S. Mobile Payment Market to Top $200 Billion by 2015, Says Research Report

November 18, 2010 by Mobile Payment Magazine

A recent report from Aite Group forecasts that U.S. mobile bill payments will reach more than $200  billion in 2015.

Aite Group interviewed more than 60 companies in the Fall of 2010 and produced a 65 page report that defines and segments the mobile payment industry, and includes an analysis of the competitive and market trends.

Each one of the multiple categories of mobile payments defined in the report will experience double-digit growth, with mobile payments accounting for  US$214 billion in gross dollar volume by 2015, up from US$16 billion in 2010–a 68% compounded annual growth rate (CAGR) between 2010 and 2015.

The report references the following companies: Allstate, Amazon, American Express, Apple, AT&T, Bango, Bank of America, Barclays, Bill2Mobile, BlackBerry, Bling Nation, BOKU, Brink’s, C-Sam, Cashedge, Cellfire, Chase, Chase Paymentech, Cimbal, ClairMail, coupons.com, Coupons Sherpa, Visa’s Cybersource, Device Fidelity, Diebold, Discover, Eagle Eye Solutions, eBay, Euronet, Facebook, First Data, FIS, Fiserv, Foursquare, Gemalto, Global Payments, Google, Gowalla, Green Dot, Groupon, Harland Financial Services, Heartland Payment Systems, Hipcricket, iLoop Mobile, Inside Contactless, Intuit, Jack Henry/iPay Technologies, Kubra, MasterCard, mFoundry, Mobile Coupons, Mocapay, MoneyGram, Monitise Group, mopay, MyWebGrocer, NCR, NetSpend, Nokia, Oberthur Technologies, Obopay, OfferIQ, Online Resources, PayPal, Plastyc, Pyxis Mobile, Research-in-Motion (RIM), Roam Data (Ingenico), Roamware, Rocketbuxx, SK C&C USA, Square, Starbucks, Sybase, T-Mobile, Tetherball, 3i Infotech, Tier Technologies, TransferTo, TSYS, Twitter, U.S. Bank, VeriFone, Verizon, Vesta, Visa, ViVOtech, Waspit, Way Systems, Western Union, Wincor Nixdorf, WirelessLoyalty, Xipwire, Yelp, and Zong.

More information: Aite Group Mobile Payment Report.

Source: Aite Group

Filed Under: Featured, Research Tagged With: 3i Infotech, Allstate, Amazon, American Express, Apple, AT&T, bango, Bank of America, Barclays, Bill2Mobile, BlackBerry, Bling Nation, boku, Brink’s, C-Sam, Cashedge, Cellfire, Chase, Chase Paymentech, Cimbal, ClairMail, Coupons Sherpa, coupons.com, Device Fidelity, Diebold, Discover, Eagle Eye Solutions, eBay, Euronet, Facebook, First Data, FIS, Fiserv, Foursquare, Gemalto, Global Payments, google, Gowalla, Green Dot, Groupon, Harland Financial Services, Heartland Payment Systems, Hipcricket, iLoop Mobile, Inside Contactless, Intuit, Jack Henry/iPay Technologies, Kubra, MasterCard, mFoundry, Mobile Coupons, Mocapay, MoneyGram, Monitise Group, mopay, MyWebGrocer, NCR, NetSpend, Nokia, Oberthur Technologies, Obopay, OfferIQ, Online Resources, PayPal, Plastyc, Pyxis Mobile, Research-in-Motion (RIM), Roam Data (Ingenico), Roamware, Rocketbuxx, SK C&C USA, Square, Starbucks, Sybase, T-Mobile, Tetherball, Tier Technologies, TransferTo, TSYS, Twitter, U.S. Bank, VeriFone, Verizon, Vesta, Visa, Visa’s Cybersource, ViVOtech, Waspit, Way Systems, Western Union, Wincor Nixdorf, WirelessLoyalty, Xipwire, Yelp, Zong

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