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December 01, 2011

MasterCard and mFoundry Partner On Mobile Payments

MasterCard logo 140pxMasterCard and mFoundry have announced an international collaboration that will help banks and credit unions provide their customers with NFC-enabled mobile wallets. MasterCard also made an equity investment in mFoundry.

The collaboration and investment will combine MasterCard’s Tap & Go PayPass technology with mFoundry’s mobile financial services platform to make mobile contactless payments accessible to more consumers. Mobile PayPass, which uses Near Field Communication (NFC) technology, enables people to make fast, convenient and highly secure payments by simply tapping their NFC phone on any PayPass-enabled terminal at a merchant check-out.

mFoundry developed and manages Starbucks Card Mobile program, the most successful mobile payments program to date, currently used in more than 6,800 stores nationwide.

Digital River Launches Global, Cloud-Based Subscription Billing Service

Digital river world payments logo 140pxDigital River announced the launch of a cloud-based subscription billing and commerce service.

The offering, which is part of the Digital River Global Commerce enterprise solution, enables companies to sell their services and physical and digital products to online shoppers using fully customizable subscription models tailored to maximize revenue and customer satisfaction. Supported by a wide range of recurring billing terms and more than 20 global payment methods, companies can use the technology to automate the online sale of everything from access and membership fees to warranty periods, service contracts and physical product accessories.

Western Union Launches Prepaid Platform in Europe

WesternUnion logo 140pxWestern Union has announced today that it is extending its prepaid card platform to the United Kingdom with the launch of both the Western Union MasterCard® Gift Card and the Western Union GoCash Service. "The launch marks the first international extension of Western Union’s prepaid program outside of the United States with further expansion planned in coming months to Asia, Latin America and additional European countries."

Headline News - December 1, 2011

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

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