A brief update on mobile payments in Korea.

Lee Kidder from TowerGroup writes about the classic "chicken and egg" problem of many new services.

In this non-zero-sum game, all or most parties stand to gain as a result of participating, making the net result positive. EIPP is therefore a win-win proposition for all, and lockbox is dead. The end. The only problem with this scenario is that isn't happening now and won't happen in five years despite the interest and activity in EIPP and in business-to-business (B2B) e-commerce in general.

Following its earnings announcement and conference call yesterday, Concord EFS is trading down almost 20% this morning. Analysts were pleased with revenue growth at the company but questioned the cost structure of the business and the pressure it's putting on margins. Concord EFS' largest competitor First Data Corp. is also trading down over 10% this morning.

Mosaic Software‚s Postilion and SmartTrust‚s Delivery Platform (DP) products have been integrated to make it possible for mobile operators and financial services providers to accept authenticated payments from a mobile handset. The solution employs SMS or GPRS messaging to create a secure payment channel from the handset‚s SIM card through to its user‚s bank account.

Scotiabank has announced a new cash-back feature on its Classic Visa cards.

USA Today reports on paying with your fingerprint.