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Articles tagged with: Mobile Payments
Telecom Italia to Enable Mobile Payments from 2010
Telecom Italia has announced that it will start supporting payments via mobile phones from next year in association with the Italian Movincom Consortium. more
Related Tags: telecom-italia, mobile-commerce, security, Italy
Contactless and Mobile Payment Solutions Must End Market Stagnation
Contactless payments ecosystem is presently a series of "islands" with little-to-no mutual realization of value among the various constituents, claims Javelin Strategy & Research. A report from the company indicates that the success of contactless solutions depends on some disruptive factor or wide-scale deployment that bridges the gaps and allows for value creation among all constituents that connects the islands. more
Related Tags: near-field-communications, nfc, base
Nearly Half of All Mobile Phone Users Will Do Mobile Banking in 2014
Mobile banking in the USA is quickly moving from a "techie" to mainstream capability that is changing how consumers manage their finances today, reports a new study from Javelin Strategy & Research. The increase in usage is expected in turn to change how consumers pay for goods in the future. more
Related Tags: mobile-banking, USA
Companies and Technologies Vie to Enable Mobile Payment Services in China
In a market where 100 million users of remote payment still represents a nascent segment, China's mobile payment services market is the focus of multiple competing companies and alternative technologies. Mobile payment services in China are characterized by two main types: local payment services and remote payment services. Local payment and bank account-based remote payment services are still in their early stages, while non-bank account-based remote payment services are the mainstream of China's mobile payment services market. more
Related Tags: China
NFC Mobile Payments to Exceed $30bn by 2012
A new analysis from Juniper Research of the NFC opportunity forecasts that the application of NFC as a mobile retail marketing tool via coupons and smart posters will support the growth of NFC mobile payment transaction values from $8bn in 2009 to $30bn within three years. more
Related Tags: nfc, coupons, three
UK Sets Down Anti-Fraud Guidelines for Mobile Payments
The potential for mobile phones to be used as payment wallets has lead to the UK Government setting up a team to ensure fraud is not a significant problem. The new technology, which will allow customers to buy things by swiping them over sensors is being trialled by phone companies and banks in the UK. In an effort to design out opportunities for crime and reduce harm to consumers the government has been working with industry to ensure the technology builds in tough security measures at the earliest stages. more
Related Tags: nfc, security, UK
U.S. Mobile Financial Services Markets Expected to Reach $1.46 Billion in 2013
Accounting for over 3 billion subscribers worldwide, mobile devices have emerged as a convenient and safe mode to conduct financial transactions. Both m-commerce and mobile banking services are being widely deployed across the United States. These services go beyond the traditional role of providing digital or mobile content services and allow for the procurement of physical goods. more
Related Tags: m-banking, m-commerce, frost-and-sullivan, text-messaging, mobile-banking, 3, mobile-content, play, wap, security, USA
Mobile Payments Surging Ahead with Opportunities in Emerging Markets
In the last five years, markets with mobile payment offers have matured with a variety of players entering the industry value chain and new services being launched. Initially, there was a race to enter the market and a strong rivalry between different technological propositions that would facilitate mobile transaction channels. Today, we observe that, in many national markets, only one or two dominant mobile payment platforms (e.g. the paybox platform in Austria) have prevailed, and key issues now being addressed include cross border interoperability and standardization. more
Related Tags: arthur-d.-little, near-field-communication, nfc, m-banking, tim, itu, ovi
Contactless Smart Card Market Expected to Weather the Storm Caused by Economic Uncertainties
With Asia Pacific being a highly diverse geographic region with dissimilar market conditions, participants in the contactless smart card market should be prepared for varied reactions to the economic downturn. While countries that have not yet achieved mass deployment of contactless smart cards could experience further delays, more advanced countries such as Japan and South Korea that possess strong contactless infrastructure and high penetration rates are unlikely to slow down drastically. more
Related Tags: asia-pacific, sim, driving, tim, lte, smart, smart-card
Visa Makes NFC Mobile Point-of-Sale Payments Commercially Available
Credit card merchant, Visa has announced the launch of the world's first commercial Visa mobile payments service for point-of-sale transactions using Near Field Communications (NFC) technology. The service marks the first time consumers can purchase an NFC-enabled mobile device off the shelf and use that device to make Visa payWave-enabled transactions at the point-of-sale instead of using their payment card. more
Related Tags: nokia, sim, nfc, near-field-communication, itu, tim, iden, maxis, smart, partner, visa, Malaysia