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« January 16, 2011 - January 22, 2011 | Main | January 30, 2011 - February 5, 2011 »

January 27, 2011

Survey Finds Increasing Interest Among Consumers For Mobility in Retail

survey_graphic_140px.pngA “Mobile POS Survey,” commissioned by Honeywell and conducted by Harris Interactive online in December 2010, indicates that consumer acceptance and use of mobile technologies in retail is a rising trend.

Based on the survey, a majority of adults (72%) have been offered the opportunity to check out using mobile POS. Of the 13% of early adopters that have actually checked out using a mobile POS solution, half agree that using mobile POS saves time and 43% say that paperless receipts sent via email are a good idea. Additionally, the survey found that nearly one in five adults (17%) uses credit cards for in-store purchases and would be interested in trying mobile POS.
In the retail context, Mobile POS is defined as purchases completed on the spot (ala Apple store), using a mobile device to quickly scan items and swipe a card for payment, with the receipt printed via a mobile printer or emailed to the buyer.

BilltoMobile And BOKU Sign Agreement For Verizon Direct Mobile Billing

boku_logo-140px.png BilltoMobile_logo.png BilltoMobile and BOKU plan to integrate BilltoMobile's payment gateway and BOKU's mobile payments platform. The goal is to offer direct mobile billing with Verizon (via BilltoMobile) to BOKU customers. Jim Greenwell, BilltoMobile CEO and Mark Britto, BOKU CEO, issued a joint statement:

“BilltoMobile and BOKU’s cooperative agreement is a landmark in US mobile payments cooperation. The real winners today are the many wireless subscribers who are excited about access to convenient, secure online mobile payments and the merchants who provide these consumers with a wide array of digital goods, content and services.”
Direct mobile billing (DMB) offers attractive merchant fees that are significantly lower than traditional PSMS rates. READ MORE »

January 26, 2011

What’s Coming Up at Glenbrook

GP Logo Horizontal-140px.png Glenbrook has two webinars coming up - one for industry newcomers ("Cards Essentials") and one for veterans ("Beyond PCI").

Payments Essentials Webinars – Tuesdays from 10:30AM -11:30AM PST, $149
February 1, 2011: Cards Essentials with Carol Coye Benson (Basics Level)
February 8, 2011: Beyond PCI with Bryan Derman and Carol Coye Benson (Insight Level)

Payments Boot Camps – Two day “deep dive” into the industry, $1995
February 16-17, 2011: Santa Clara, CA. - with Scott Loftesness and Carol Coye Benson
April 13-14, 2011: New York City - with Bryan Derman and Carol Coye Benson
Client and multiple-registrant discounts are available – email

eWise payo: A New Online Banking ePayments System in the UK

eWise has announced it plans to launch payo_logo_140px.pngeWise payo, the "first and only bank inclusive Online Banking ePayments (OBeP) solution" in the UK.

eWise payo enables the consumer to initiate secure and private payments for goods and services or bills online, without having to provide personal financial information to any third parties(1). To use eWise payo, customers are directed straight to their bank's website where they will log in using their existing account credentials. Once in their online banking application, consumers select from any account with available funds and confirm the payment. eWise technology enables the secure payment, leveraging the UK's Faster Payments network, thereby generating a near immediate payment for the merchant.
The payo website is located here. As a data point, eWise is the OBeP operator that powers NACHA's Secure Vault Payments.

PayGo Electric and SmartSynch to Enable Utilities to Deploy Prepaid Electric Solutions

paygo_logo_140px.pngPayGo Electric has announced that its account management and prepaid payment capabilities with be embedded in SmartSynch's SmartMetering Solution.

PayGo's unique (patent pending) technology embeds logic in either the communications modules or the meters, which alerts both the customer and the utility company of the need to add credit to a customer's account to enable continued electric service. The system includes a nationwide payment processing platform which enables utilities to use existing, as well as new payment methods for their customers.

Adknowledge Launches Mobile Monetization Solution for Android Applications

adknowledge_logo_140px.pngAdknowledge has announced a new Android toolkit for developers that combines direct payment methods, advertising offers, application installs and customer service all within a single SDK. The company claims that providing monetization solutions on mobile devices is a natural extension of its long-tail advertising business.

Western Union and InComm to Offer General Purpose Reloadable Prepaid Cards

inComm_logo-140px.png WesternUnion_logo-140px.png Western Union and InComm have announced that they have entered into an agreement to offer Western Union General Purpose Reloadable prepaid cards (GPR) through InComm retail locations.

InComm partners with more than 150,000 retail locations. Through its relationship with InComm, Western Union will now offer the MoneyWise Prepaid card to consumers through grocery and convenience stores, pharmacies, and mass merchandiser locations.

PhoneFactor Announces Multi-Channel Solution to Credit and Debit Card Fraud

phonefactor_logo_140px.pngPhoneFactor has announced support for phone-based multi-factor authentication using ISO 8583, the standard protocol that card issuers use to process credit and debit card transactions. By supporting the widely used ISO standard, PhoneFactor claims it can "authenticate card transactions in any channel, including point-of-sale, ATM, and online transactions, through a single technology implementation."

In related news, ValidSoft in the Netherlands announced the commercial availability of its four-factor authentication solution.

January 25, 2011

Current Opportunities on PaymentsJobs.com

Several new positions for payments professionals have recently been posted to Glenbrook's PaymentsJobs.com job board in the last 30 days:

PaymentsJobs_logo-140px.jpgIs your company hiring? Are you in the market for qualified payments professionals? You can reach the best candidates here! Post your job openings for payments professionals on PaymentsJobs.com!

MasterCard and Telefónica to Offer Mobile Financial Solutions in Latin America

MasterCard_logo_140px.pngMasterCard and Telefónica have announced a joint venture to development mobile financial solutions in 12 countries in Latin America where Telefónica is present with the Movistar® brand.

As part of this agreement, Movistar® mobile subscribers in Latin America will be able to use their mobile phones for person-to-person money transfers, bill payment, mobile airtime reload and retail purchases, among other services.
There are 87 million Movistar subscribers in the region.

January 24, 2011

American Express Announces Fourth Quarter 2010 Financial Results

Amex_logo_140px.pngAmerican Express has reported financial results for the fourth quarter 2010. Net income was $1.1 billion, up 48% from $716 million a year ago.

"Continued investments in the business helped to generate higher consumer, small business and corporate card spending while expanding the use of our products online," said Kenneth I. Chenault, chairman and chief executive officer. "With cardmember spending up 15% this period, we reached all-time records for the quarter and the full year."

Global Mobile Payments News

mobile_payments_icon_140px.pngThe press fascination with mobile payments continues to dominate today's payments industry news in various countries around the globe:

New on PaymentsViews.com: Innovations in Card Acceptance

GP Logo Horizontal-140px.png Over on our sister blog, PaymentsViews.com, Glenbrook's Scott Loftesness writes about innovations in card acceptance.

So, we’re talking about at least two market opportunities here – the unserved market who would like to be enabled for card acceptance – how big do you think that market is? – and a redefinition of the checkout experience for larger merchants who value a high touch customer relationship – how big might that market be?

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