Tags » Mobile Banking, Mobile Payments
SRM Technologies has announced SRM Mobile Wallet, calling it "an advanced mobile payments software application." SRM says its Mobile Wallet enables users of cell phones or other mobile devices to pay for goods and services using the contactless payment systems already in place at over 45,000 U.S. merchants.
» Continue Reading
Tags » Mobile Banking, Mobile Payments, TowerGroup
TowerGroup has announced new research that finds that, even though "long stalled by lack of adoption and a range of technical issues", mobile banking is finally coming into its own. "Banking over the mobile channel, especially when considered in the context of an evolution toward mobile payments, is now fast becoming a market mandate -- and is no less important than the dawn of Internet banking in the late 1990s."
» Continue Reading
Tags » Card Fraud, CyberSource, ECommerce Payments
CyberSource has release the results of its ninth annual CyberSource Corporation survey of eCommerce fraud - concluding that" U.S. merchants are succeeding in holding the fraud rate stable, but they are expending considerably more resources in the effort. Merchants estimate that 1.4% of their online sales will line the pockets of fraudsters this year-identical to last year-but much higher volumes spent in U.S. eCommerce means the dollar losses are approximately 20% higher The result: criminals will unlawfully carry off $3.6 billion in goods and services this year-up from $3.1 billion in 2006."
» Continue Reading
Tags » Intuit, Online Banking
Digital Insight has announced that "more than 60 leading financial institutions have selected Digital Insight’s consumer Internet Banking solution since the online banking company was acquired by Intuit in February 2007. In addition, more than 8 million people, or approximately 10 percent of all online banking users in the United States, actively use Digital Insight’s consumer solution through its nearly 1,800 financial institution clients."
» Continue Reading
Tags » CheckFree, Mobile Banking, Mobile Payments
CheckFree has announced an expanded OpenChannel strategy for mobile banking and mobile payments that it says "is designed to support multiple technologies for delivering online financial services via mobile devices, including microbrowser-based wireless application protocol (WAP), text messaging (known as SMS for short messaging service), and device-resident applications. Financial institutions can choose from a full range of deployment options, including hosted, software-based, hybrid and flexible component models, to meet their specific needs."
» Continue Reading
Tags » Card Fraud, Debit Cards
Ross Kerber writes for the Boston Globe about PIN debit vs. signature debit - noting that banks prefer debit card transactions to be signature debit because of the higher income they receive on those transactions. He then contrasts that with higher fraud on signature debit transactions and cites how some industry analysts are suggesting that banks are more focused on the higher fees than they are on minimizing fraud losses.
Tags » Contactless Payments, Mobile Payments, Near Field Communication (NFC)
The GSM Association has announced that, over the next several months, 12 mobile operators will run trials of contactless mobile payment services in Australia, France, Ireland, Korea, Malaysia, Norway, The Philippines, Singapore, Taiwan, Turkey and the U.S. as a precursor to commercial launches.
» Continue Reading
Tags » Bill Payment, CheckFree, Firethorn, Mobile Banking, Wachovia
AT&T has announced "the launch of a comprehensive, easy-to-use mobile banking platform that will enable consumers to view account balances and history, transfer funds and pay bills from their AT&T mobile handsets."
» Continue Reading
Tags » Canada, Contactless Payments, Mobile Payments, Visa
Visa has announced "mobile payment trials in Brazil, Canada and Malaysia based on the Visa mobile platform. The trial in Brazil is testing mobile remote payments, while trials in Canada and Malaysia will test mobile Visa payWave transactions at contactless acceptance locations."
» Continue Reading
Tags » Payments News - Headline News
Note: Throughout the day, as
Payments News happens, this post is updated. For job opportunities available for payments professionals, visit
PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.
Tags » Announce Yourself!
We have received news of the following recent management changes:
Chris Britt has been named Chief Product Officer at Green Dot where he will be responsible for all consumer-facing products and services, including prepaid debit cards, credit cards, gift cards and Green Dot Network cash acceptance. Previously, Britt managed Visa's General Purpose Prepaid Card product line.
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues,
be sure to tell us about it. Are you looking for a new payments-related job? Or are you needing to find someone great? Checkout the
Payments Jobs job board.