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March 02, 2011

Mitek Unveils Mobile ACH Enrollment Solution

Mitek logo 140px Mitek Systems announced a new capability for mobile payments companies that want to quickly enroll checking accounts.

The Mitek Mobile ACH Enrollment™ solution allows mobile-payment companies to help consumers enroll their checking accounts as funding sources for mobile payments with a simple "Point, Shoot, Enrolled!" solution that requires only that consumers snap photos of blank checks with their smart phone cameras. Mitek's application captures all the information needed for enrolling their accounts.

Western Union Announces Mobile Foreign-Exchange Payment Service

WesternUnion logo 140pxWestern Union has announced the launch of a new foreign-exchange (FX) payment service that will enable small and medium-sized enterprise (SME) businesses to make payments from their mobile devices.

The new mobile service is designed for busy professionals and offers an intuitive interface for customers making international business payments. The service, which offers more than 140 currencies to choose from, allows users to make payments to suppliers in global markets anywhere, anytime, and lock in a currency-exchange rate and fee before transferring funds.

Apple Updates Payments Stats

Apple logo 140pxApple used today's iPad 2 announcement to update everybody on Apple payments stats.

Jobs stressed that while Apple may have three distinct online stores (iTunes, App Store, iBook Store) they all support purchase transactions against the same Apple Account. Each account (200 million now in total) has a credit card on file that can be used for 1-click purchases. Apple boasted that they now have the most credit cards on file anywhere on the Internet.

The company also revealed that it has paid $2 billion in cumulative payout to developers that sell through the Apple App Store.

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