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« February 6, 2011 - February 12, 2011 | Main | February 20, 2011 - February 26, 2011 »

February 18, 2011

BilltoMobile and Sprint Team up to Provide Carrier Billing to Subscribers

BilltoMobile logoBilltoMobile has announced an agreement to provide Sprint customers the ability to charge online purchases directly to their Sprint bill using BilltoMobile’s Direct Mobile Billing technology. This makes BilltoMobile the first mobile payments company to establish a direct billing connection to Sprint as well as the only mobile payments company to have a direct billing connection to with three major U.S. carriers (AT&T, Verizon, and Sprint).

February 17, 2011

U.S. Congress Hearings on Dodd-Frank Act and Durbin Amendment

Congress logo 140pxThe U.S. House Committee on Financial Services Hearing on the "Implications and Consequences of the Durbin Amendment" was held today. The House website has a video webcast of the hearing and the written testimony of all the different stakeholders. The U.S. Senate Banking Committee is also holding a hearing on the Dodd-Frank Act today.

Various outlets have different takes on how the proposed Federal Reserve rules are being received in the industry:

The Federal Reserve is currently working to finalizes the Durbin Amendment rules under an April 21 deadline set in last years Dodd-Frank Act.

ClairMail Launches Mobile Fraud Management Solution

Clairmail logo 140pxClairMail has announced a new mobile fraud management solution for banks and their customers to oversee and quickly respond to fraudulent transactions directly through the mobile channel.

ClairMail's Fraud Solution works with existing FI fraud systems and processes to help mitigate card, Direct Deposit Account (DDA), online banking and identity fraud by leveraging all the capabilities of the ubiquitous mobile device and the robust alerting and orchestration capabilities of the ClairMail platform.
This video nicely illustrates how the whole thing works.

BB&T Introduces New Prepaid MoneyAccount

Bb t logo 140pxBB&T has announced the launch of the BB&T MoneyAccount, which is a prepaid transaction account tied to a Visa-branded debit card.

"Nearly 60 million Americans do not have a bank account today or they are underbanked," noted Scott Qualls. "The BB&T MoneyAccount is a prepaid solution that provides our clients with a secure and easy way to access their funds. It also features a simple, transparent fee structure."
The BB&T MoneyAccount has FDIC insurance and offers many of the features typically associated with a traditional checking account.

February 16, 2011

Glenbrook Expands eCommerce Market Analysis Series

India eCommerce Market Analysis Glenbrook has expanded its series of eCommerce Market Analysis Reports with new profiles of India, South Korea, and South Africa.

These reports are designed to help U.S. companies better understand eCommerce markets around the world — what local acceptance practices make each unique, what payment options are necessary to reach a critical mass of online buyers, and which payment providers can assist with market entry.
These three new reports complement our existing analysis of the eCommerce markets in China, Brazil, Mexico, Argentina, and Poland. Let us know if you have or are interest in discounted, multi-report pricing.

Google Introduces 'One Pass' Digital Content Service

Google logo 140pxGoogle has announced Google One Pass, their new digital content service that lets publishers set their own prices and terms for access to premium content.

Readers who purchase from a One Pass publisher can access their content on tablets, smartphones and websites using a single sign-on with an email and password. Importantly, the service helps publishers authenticate existing subscribers so that readers don’t have to re-subscribe in order to access their content on new devices.
For publishers, Google claims the service supports subscription access, metered access, "freemium" content access, discounted access for print subscribers, and per-click access for occasional readers. Payments piece is handled via Google Checkout; Google takes a 10% cut.

Website is here; blog announcement is here.

February 15, 2011

Yankee Group Pegs Global Mobile Commerce At Nearly $1 Trillion by 2014

Yankee group logo 140pxYankee Group has announced a new report that indicates while mobile transaction usage is growing, consumers show little willingness to pay for these services.

The company’s forecasts predict unprecedented growth in mobile transactions worldwide, with the total value of global mobile transactions increasing from $162 billion in 2010 to $984 billion in 2014. However, Yankee Group’s consumer survey results show that less than 10 percent of respondents would be willing to pay extra for mobile transaction services such as mobile banking, mobile coupons and mobile payments.
Against this $1 trillion backdrop, "the value of NFC-based transactions will explode from $27 million in 2010 to $40 billion in 2014."

Utiba Announces International Remittance Clearinghouse Service

Utiba logo 140pxUtiba has announced a new initiative targeting the international mobile remittances market. "The new initiative offers a neutral corridor routing and currency exchange clearinghouse for mobile-to-mobile and traditional money remittances."

VeriFone and LifeNexus Partner On Personal Health Cards

Verifone logo 140pxVeriFone and LifeNexus, the developer of the iChip and Personal Health Card, have announced an agreement to provide iChip acceptance software on VeriFone payment acceptance solutions. "The LifeNexus Personal Health Card is the first multi-purpose electronic health card utilizing the embedded iChip for securely maintaining an individual’s health record and incorporates a payment card option."

New Entrants Will Be the Driving Force behind Payments Innovation in 2011

Ixaris logo 140pxIxaris has released an international report that identifies the most significant innovations that will change the payments landscape in 2011. "The new report, ‘Payments Innovation 2011 – The Global Jury Decides’, brings together the expertise of 22 banking innovators and experts from around the globe, drawn from 14 countries across five continents. It focuses on understanding the challenges facing the payments industry and their impact on innovation in the next 12 months."

Apple Launches Subscriptions on the App Store

Apple logo 140pxApple has announced a new subscription service available to all publishers of content-based apps on the App Store, including magazines, newspapers, video, music, etc. "Subscriptions purchased from within the App Store will be sold using the same App Store billing system that has been used to buy billions of apps and In-App Purchases."

MasterCard, Symantec, and NagraID Security Team Up On 'Display Card'

MasterCard logo 140pxMasterCard, Symantec and NagraID Security have teamed up to introduce the MasterCard “Display Card”, which brings strong authentication functionality to payment cards to the U.S.

Recently piloted and launched in Europe and Asia, the 'Display Card' complements existing card security features through the use of Symantec’s VeriSign® Identity Protection (VIP) Authentication Service and NagraID Security card technology.
The card looks and functions like a generic magnetic stripe card, but features a built-in display that enables cardholders to generate dynamic one-time passwords.

Payments Views - POS Steering in the Age of Durbin

GP Logo Horizontal 140pxOver on Payments Views, our sister blog, Glenbrook's Russ Jones shares his thoughts on where POS steering may be headed this year, commenting "several of Glenbrook’s merchant clients are already developing their strategies for rewarding customers that select low cost payment methods at the point of sale."

nuBridges Takes Sensitive Data Tokenization to the Cloud

Nubridges logo 140pxnuBridges has announced nuBridges Protect Tokenization as a Service (TaaS), the "first cloud-based tokenization service for national and multi-national companies that want to protect Personally Identifiable Information (PII) and Electronic Health Records (EHR) to improve security, reduce risk, ease compliance and minimize data security costs. Hosted by Verizon Business on its Computing as a Service (CaaS) platform, the new service is equally adept at protecting payment cards to help merchants comply with the Payment Card Industry’s Data Security Standard (PCI DSS)."

Survey Says Interest in Mobile Commerce Varies by Market

Survey graphic 140pxNew research by Accenture shows that 45% of the most active mobile device users would welcome the opportunity to pay for goods and services using their mobile phone, despite the fact that 73% expressed significant privacy and identity theft concerns.

Consumers in Asia were the most enthusiastic about mobile commerce. Overall, 69% of survey respondents in Asia indicated they favored using mobile phones for most payments... in the U.S. and Europe, combined, however, only 26% of respondents favored using mobile phones for most payments.

February 14, 2011

VeriFone Expands PAYware Mobile to Global Markets

Verifone logo 140pxVeriFone has announced a next-generation version of PAYware Mobile Service for global markets.

This latest innovation features VeriFone’s sleek mobile payment solution and gateway service and brings international payment standards including NFC and EMV smart card, with PCI-compliant PIN keypad for Chip & PIN transactions, to popular smart phones.
In related news, VeriFone also announced that it is providing NFC technologies for Garanti Bank’s mobile payment rollout in Turkey.

Nokia Siemens Networks and MoreMagic Partner on Mobile Commerce

Nokia siemens networks logo 140pxNokia Siemens Networks and MoreMagic Solutions have announced a global partnership to provide mobile commerce and financial services. "The jointly developed Mobile Payment Solution enables the delivery of a wide range of services including money transfer, mobile banking, mobile payments and near field communication (NFC) proximity payments."

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