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August 04, 2011

Isis to License C-SAM Wallet Management Platform and SDK

C Sam LogoC-SAM has announced it has licensed its wallet management platform and software development kit (SDK) to Isis to support the Isis Mobile Commerce Platform. "The C-SAM platform will enable Isis to offer smartphone users a comprehensive mobile wallet for conducting secure near-field-communication (NFC) transactions related to payments, rewards, coupons, tickets, transit and other services."

AisleBuyer Streamlines Mobile Ordering and Payments for Restaurants

Aislebuyer logo 140pxAisleBuyer has announced AisleBuyer mDine, a "smartphone application that leverages AisleBuyer's mobile commerce platform to enable customers to place food orders and pay in real-time from an iPhone, Android or BlackBerry. With mDine, the restaurant industry can now provide a faster, more personalized dining experience for patrons."

Citi Expands Use of Virtual Card Accounts in Accounts Payable

Citi logo 140pxCitigroup, through its Global Transaction Services unit, has announced the launch of its Citi Virtual Card Accounts (VCA) in South Africa and the United Arab Emirates, "as well as the completion of essential enhancements to support clients’ growing use of the VCA solution for Accounts Payable spend and complex vendor payments globally. VCA is a global, electronic payment solution which offers unparalleled security, control, and efficiency using single-use commercial card account numbers."

August 03, 2011

MasterCard Announces 2Q2011 Financial Results

MasterCard logo 140pxMasterCard has announced financial results for the second quarter 2011. Net revenue for the quarter was $1.7 billion, a 22.1% increase versus the same period in 2010. Worldwide purchase volume during the quarter was up 16.3% on a local currency basis versus the second quarter of 2010, to $608 billion. Cross-border volume was up 19.3%.

Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website.

KreditFly Launches Low-Fee Android In-app Payments

Kreditfly logo 140pxKreditFly has announced the launch of its one-touch, Android in-app payment service.
The service is the fastest and most economical way for Android developers & publishers to monetize users because it requires no pre-registration and no data input from users; instead, users simply touch their phone screens once to verify payment, then the payment is complete. KreditFly does this by granting short-term credit to first-time users, but there is zero risk to developers & publishers because KreditFly guarantees this payment.

First Data Reports 2Q2011 Financial Results

First data logo 140pxFirst Data has reported its financial results for 2Q2011. Consolidated revenue for the quarter increased $135 million to $2.7 billion, up 5% compared to $2.6 billion a year ago. "Revenue growth was primarily attributable to increases in debit network fees and favorable impacts of changes in foreign currency."

August 02, 2011

Elavon and China UnionPay Reach Processing Agreement

Elavon logo 140pxElavon and China UnionPay have announced they have "signed a binding agreement to enable acceptance for UnionPay’s debit and credit cards at Elavon’s merchants in the United States and Europe. The deal also extends credit card acceptance to Elavon’s Canadian merchants and will expand to include Latin America in the future."

T-Mobile USA to Extend Direct Carrier Billing to Digital Content and Services

T mobile logo 140x60T-Mobile USA has announced Direct Carrier Billing, "a nationwide purchasing program to provide customers the convenience of securely purchasing digital content and services from their web-enabled device. With Direct Carrier Billing, T-Mobile customers can conveniently charge online purchases of digital games, gaming and social networking credits, music, videos and other digital content offerings directly to their existing T-Mobile account right from the Web browser of their connected device – whether a PC, smartphone, netbook or tablet."

T-Mobile Direct Carrier Billing is initially available via BilltoMobile, Boku, OpenMarket, Payfone, and Zong.

Technology Companies to Jointly Collaborate to Secure NFC Mobile Wallets

Authentec logo 140x60NXP Semiconductors, AuthenTec, and DeviceFidelity have announced they are jointly developing reference designs that enable highly secure mobile payments via Android-based phones through the use of fingerprint biometrics and near field communication (NFC) technology. "Reference designs created by the companies are expected to help mobile phone OEMs and wireless carriers address the growing demand for NFC-capable smart phones."

Text2Pay Announces Direct Mobile Billing Deals with Canadian Carriers

Text2pay logo 140x40Text2Pay has announced that Rogers, Bell, Fido and Telus Canadian customers can now use its mobile billing platform to pay for virtual goods and online content from participating merchants, safely and easily. "Customers’ mobile phone accounts are billed securely, using a two-factor PIN/ZIP code authentication for each transaction."

Consumer Reports Finds Hidden Costs in Mobile Payment Services

Consumer reports logo 140x60Consumer Reports is out with a new investigative report on the disparities in loss liability and consumer protections in various digital wallet and bill-to-mobile schemes.
A consumer's right to get their money back when something goes wrong—errors, goods not delivered as promised, fraud— varies by the payment option used. Again, the underlying method of payment tied to your mobile device will govern their rights in such instances. Cell phone and digital wallet payment services linked to a credit card offer consumers the most protection. However, there is a large disparity in protection for services that link to prepaid debit cards and direct billing to consumers' phone bill.

In Consumer Reports survey cited in the report, "one in four Americans said they had an unauthorized charge, billing error, non-credited payment, or other problem in the last year when paying for purchases or paying bills" with non-cash instruments.

August 01, 2011

Verizon to Integrate AmEx’s Serve on Wireless Phones and Tablets

Amex logo 140pxAmerican Express and Verizon Wireless have announced they will integrate American Express' Serve on many Verizon mobile phones and tablets. "Over the coming months, Verizon Wireless customers will be able to establish Serve accounts that will enable them to make payments and redeem offers for goods and services directly from their mobile phones and tablets using Serve." READ MORE »

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