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« June 27, 2010 - July 3, 2010 | Main | July 11, 2010 - July 17, 2010 »

July 09, 2010

Visa Contactless Cards in UK Expected To Reach 12 Million By End Of 2010

visa_logo-140px.jpgAccording to Visa Europe news release, the number of Visa contactless cards issued in the UK currently stands at 8 million and is expected to reach 12 million by end of 2010. Visa Europe notes that, "This landmark follows the rise in the contactless transaction limit from £10 to £15 earlier in the year." READ MORE »

Federal Reserve Reports Decrease in Consumer Credit for May

The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "Consumer credit decreased at an annual rate of 4-1/2 percent in May 2010. Revolving credit decreased at an annual rate of 10-1/2 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent."

Discover U.S. Spending Monitor Drops 2 Points in June Discover U.S. Spending Monitor Drops 2 Points in June

Discover_logo-140px.jpgDiscover's latest monthly US Spending Monitor for June 2010 finds that consumer confidence "continued to decline as fewer consumers see economic conditions or their personal finances improving in the month ahead."

"The Monitor - a poll of 8,200 consumers tracking consumer confidence and spending intentions on a daily basis - fell 2 points in June to 88.4. Overall, 28 percent believe economic conditions are improving, a 3-point decline from last month and a drop of 6 points over the last two months."
For more Discover U.S. Spending Monitor survey data, charts and information, please visit http://www.discoverfinancial.com/surveys/spending.shtml. READ MORE »

Headline News - July 9, 2010

Headline News is brought to you by Glenbrook Partners and our PaymentsJobs.com job board - the best place to post your position openings for payments professionals!

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

July 08, 2010

National Retail Federation (NRF) Releases Mobile Retailing Blueprint

NRF-logo-140.pngAs part of its Mobile Retail Initiative, the NRF has released a 177 page White Paper entitled, "Mobile Retailing Blueprint: A Comprehensive Guide for Navigating the Mobile Landscape".

This Mobile Retail Initiative has produced a Mobile Blueprint to guide retailers in planning and implementing initial mobile applications, including customer marketing, payments and internal operations.
The NRF claims that by 2015, shoppers around the world are expected to use their mobile phones to purchase goods and services worth close to $120 billion.

AT&T Enters Mobile Payment Acceptance Market

AT&T-logo-114px.pngAT&T recently announced that it has joined forces with Apriva to turn smartphones into point-of-sale devices that accept credit and debit card transactions.

"Sales increase when small businesses accept payment cards," said Michael Antieri, president, advanced enterprise mobility solutions, AT&T Business Solutions. "And given that an overwhelming majority of small businesses use smartphones, offering a mobile application that ties together payment cards and smartphones makes perfect sense."
READ MORE »

July 07, 2010

Cold Stone Creamery And First Data Debut eGifting Solution

FirstDataCorp_logo.jpgCold Stone Creamery is the first merchant to launch an gifting program using the First Data eGift Social solution.

”We’re making it easier for people to share a Cold Stone moment, even if time or distance prevents them from being together. Now you don’t have to wait for special occasions to share ice cream; you can send Cold Stone gifts instantly, any day, just because,” said Daniel Beem, president of Cold Stone Creamery. “We’re delighted to know that we’ll be part of more of life’s little moments, from ‘get well soon’ notes and rewards for a job well done to ‘I miss you’ wall posts.”
Inside Facebook has estimated that consumers spent $10 million on virtual goods through applications on the Facebook platform in 2009. The eGift Social solution takes this trend to the next level by moving purchased virtual gifts into the physical world. READ MORE »

Chase Introduces Mobile Remote Deposit Capture

Chase_logo-140px.jpgChase quietly introduced a new version of its mobile banking app last week that supports remote deposit capture from the iPhone. Jim Bruene over at NetBanker has a write up on how it works, including some nice screen shots. The app upgrade also included mobile access to Chase's P2P payment service.

MasterCard Enabling M-commerce with New Initiatives

MasterCardWW-small.jpgMasterCard has announced the Launch of its first MasterCard MarketPlace™ app that gives cardholders mobile access to exceptional deals.

The sale of physical merchandise via mobile phones hit $1.2 billion in 2009, according to ABI Research Inc., and is projected to reach $2.2 billion in 2010. With MasterCard MarketPlace Overwhelming Offers™ iPhone app, merchants will be able to improve their relationships with shoppers by offering special deals to those seeking to make purchases from them through their mobile devices while also capturing the additional mobile commerce revenue opportunity.
READ MORE »

Headline News - July 7, 2010

Headline News is brought to you by Glenbrook Partners and our PaymentsJobs.com job board - the best place to post your position openings for payments professionals!

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

July 06, 2010

Android Struggling to Mimic iPhone's Pay-to-Own Marketplace?

In a blog post on AppleInsider, Distimo - an app store analytics firm - looks at the breakdown of free apps versus paid apps across all the major mobile app stores, as well as assorted metrics around paid app pricing:

More generally, Distimo revealed that more than 50% of applications are priced below or equal to $2.00 in all of the electronic app stores, with the exception of BlackBerry App World and Windows Marketplace for Mobile.
Google's Android Market stands out from the other marketplaces in that more than 50% of all apps are free.

European Payments Council (EPC) White Paper: Mobile Payments

epc.pngThe European Payments Council (EPC) has published a white paper on Mobile Payments:

The EPC White Paper on Mobile Payments offers an informative read to any party interested in mobile payments, and aims to foster a common understanding between payment service providers and bank customers by using non-technical language. The document predominantly focuses on mobile contactless card payments, where the mobile device needs to be in close proximity to a point-of-sale terminal, while also addressing some aspects of mobile remote payments, where two parties are able to send and receive funds irrespective of where they are located.

The white paper is available for download from here.

Scott Loftesness Looks at Mobile Boarding Passes

scottloftessness.pngOver on our sister PaymentsViews.com blog, Glenbrook's Scott Loftesness takes a look at mobile boarding passes and wonders if we've reached a tipping point with potential implications for payments.

Clearly, we’re on the cusp of a serious migration to mobile boarding passes in the US. Travelers will soon be very comfortable displaying their boarding pass to a scanner at the gate – and avoiding the hassles of printing and carrying paper. When will this new way of communicating data simply from the mobile handset jump the rails into new verticals? Are you betting, along with Starbucks and mFoundry – and others, that it’s coming? Seems that the airlines have placed they’re bets!

Headline News - July 6, 2010

Headline News is brought to you by Glenbrook Partners and our PaymentsJobs.com job board - the best place to post your position openings for payments professionals!

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can post their job openings there as well.

July 05, 2010

British Companies Struggling With International Payment Systems, Hindering European Expansion

ChasePaymentech_logo-140px.jpgChase Paymentech Europe has announced results from a national survey today exploring the challenges faced by UK firms in ‘Customer Not Present’ (CNP) payments. The survey conducted for Chase Paymentech by independent research company, Dynamic Markets, showed that 30 percent of the 200 businesses questioned had international growth plans within the next one-to-two years, but that most did not have the payment systems in place to properly support European customers. READ MORE »

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