People on the Move: Eric Dumois, Mobetize Corp.
Mobetize Corp., a mobile commerce payment solutions provider, has appointed Eric Dumois vice president, product and compliance.
Worldwide
People on the Move: Neil Ward, Skrill Group
Skrill Group, provider of online payment technologies to merchants and consumers, has appointed Neil Ward group chief product and marketing officer.
People on the Move: Lindsay Martens, Jacob Pfundheller, Shawna Moses, Dan Stephenson, Brian Storey and Connie Thienes, TMG Financial Services
TMG Financial Services, a Des Moines, Iowa-based payments solutions provider, has added six employees.
Introducing Antonia Stroeh: MasterCard’s New Head of Prepaid Product Development for Europe (Sept. 17, 2014)
During Day Two of MasterCard Europe’s prepaid conference, Paybefore met with Antonia Stroeh, the payment network’s new head of prepaid product development for Europe.
InteliSpend Launches MasterCard Prepaid Line in Canada (Sept, 17, 2014)
InteliSpend Prepaid Solutions is bringing its MasterCard corporate and incentives prepaid products to Canada, the company has announced.
Apple Pay Coming to China (Sept. 17, 2014)
Apple and China UnionPay Co. have struck a deal to bring Apple Pay, the wallet app featured on the new NFC-enabled iPhone 6 and Apple Watch, to China.
Kalixa, Millicom Form JV to Serve Africa and Latin America (Sept. 17, 2014)
Luxembourg-based telecom Millicom and Kalixa, a London-based payments service provider and 2014 Paybefore Awards Europe winner, have created a joint venture to develop a payments service provider to operate in Africa and Latin America.
Viewpoint: The One Who Enrolls Is the One Who Controls
The most effective strategy for retailers to thrive in an omnichannel age is to enroll customers for payment in their own mobile shopping apps.
Report from MasterCard Europe Prepaid Conference (Sept. 16, 2014)
A white paper released today at MasterCard Europe’s Prepaid Conference in Budapest asserts that financial institutions are not keeping up with consumer demand.
SUBWAY Deploying Softcard-Branded Payment Terminals at 26,000-Plus Stores (Sept. 16, 2014)
Starting next month, Softcard users will be able to pay for food at SUBWAY using their mobile phones, as the quick service restaurant announced today it will launch Softcard-branded NFC payment terminals at its 26,000-plus locations in the U.S.
Amazon Getting Out of P2P—at Least for Now (Sept. 16, 2014)
Amazon is shutting down its WebPay P2P money transfer service next month, the online retail giant announced this week.
India Banking Push Spurs RuPay Growth (Sept. 16, 2014)
India’s RuPay national payments network is growing fast, bolstered by a government drive to expand banking services and move the country’s economy away from cash.
The brave new world of mobile banking
The digital era is changing your bank rapidly. Is your mobile testing & assurance practice ready? P Venkatesh, director of the product division, and Srivatsan TT, vice president of the solutions group, at Maveric Systems discuss the issues
NBPCA, Gov’t, Consumer Groups Weigh In on Mobile Financial Services (Sept. 15, 2014)
Mobile financial services can play an important role among a large group of American consumers. That much the Network Branded Prepaid Card Association, the FTC and consumer organizations, including U.S. Public Interest Research Group and the Center for Digital Democracy, agree on.
Investors Line Up Ahead of Alibaba IPO (Sept. 15, 2014)
Chinese online shopping and payments giant Alibaba Group is finding no shortage of investor interest ahead of its upcoming U.S. IPO, which reportedly is already three times oversubscribed.
Reports: Weve Pulls Plug on Mobile Wallet (Sept. 15, 2014)
Weve, the mobile payments joint venture from mobile operators Vodafone UK, Telefónica UK’s O2 and EE, has abandoned plans to develop its own mobile wallet product after the U.K.’s three largest mobile telecom providers failed to agree on how to run the wallet.
Blackhawk Expands B2B Offerings with CardLab Buy (Sept. 15, 2014)
In a bid to build out its B2B incentives platform, Blackhawk Network has acquired CardLab Inc., a Dallas-based provider of customizable prepaid incentive and rewards cards.
The mobile movement driving multi-channel banking
Despite the significant challenges faced by the UK’s banking sector over the last decade, there has been a dramatic evolution in the customer experience following the introduction of online, telephone and mobile banking. While the branch remains an important channel, especially for older customers, mobile technology is rapidly redefining how customers interact with their banks.
Apple’s arrival will change the payments landscape – eventually
Apple may have lined up the chief executives of Bank of America and JP Morgan Chase to laud the launch of Apple Pay, but reaction from the wider industry was more muted – disappointed, even.
Will Apple Pay and Its Backers Ignite Mobile Wallets? (Sept. 11, 2014)
Numerous payments providers, financial institutions and merchants have thrown their support behind Apple Inc.’s new Apple Pay service—and if the tidal wave of early backing is any indication, the Apple and iPhone brands already may have overcome one of the most vexing issues hindering mobile wallet adoption—lack of widespread support by stakeholders in the value chain.
Visa Launches Token Service for Safer Online, Mobile Transactions (Sept. 11, 2014)
Visa Inc. has launched Visa Token Service to provide more security for e-commerce transactions, including online and mobile, by replacing payment account information with a digital account number, or token, which can be stored safely by online merchants or on mobile devices.
Amex Program to Spark Financial Inclusion Accepting Applications (Sept. 11, 2014)
Hoping to foster the next great ideas to promote financial inclusion for underserved consumers, American Express has begun accepting submissions for its Financial Innovation Lab, which provides researchers and practitioners from nonprofit organizations the opportunity to test their ideas on the American Express Serve prepaid account software platform.
MasterCard Sets Contactless Payments Deadlines for European Merchants (Sept. 11, 2014)
MasterCard has given European merchants accepting MasterCard and Maestro a deadline of no later than 2020 to update their POS systems so consumers will be able to tap to pay with their contactless cards and NFC-enabled devices at all POS terminals throughout the continent.
EU Makes Final Ruling on Cross-Border Interchange (Sept. 11, 2014)
The European Union’s Court of Justice has ruled that interchange fees charged for cross-border card payments by MasterCard were too high, bringing an end to a seven-year court battle over the fees.
Blog: Apple Pay—It’s a Matter of Trust
Apple’s big NFC move legitimizes the mobile wallet concept.
Viewpoint: With Russian Payments Landscape in Disorder and Chaos, Is a National Payment Scheme the Logical Answer?
Russia’s fragmented payments infrastructure cries out for modernization as it confronts international and domestic chaos. Could a national payments scheme unlock the giant’s potential as a huge emerging payments market?
Blog: No Pressure, Acquirers, but You’re the Key to Debit Growth in Emerging Markets
Acquirers hold the keys to driving debit growth in emerging markets. Here are five key questions acquirers intent on growing debit should be asking their merchant partners.
Barclaycard to Fold Quick Tap, Making Room for Wearables
Quick Tap, the U.K.’s first NFC-based mobile payment app, will go down as a casualty of the speed of change in mobile payments technology when it folds next month, and it likely won’t be the last.
Goods in transit: how lessons from retail can transform the financial data supply chain
Regulatory mandates call for the financial services industry to collaborate and rethink its data supply chain to tackle systemic risk and improve transparency. Looking at how the retail industry manages its supply chain could hold the key.
Twitter Testing ‘Buy’ Button in Latest E-Commerce Play (Sept. 9, 2014)
Twitter is testing a “buy” button that merchants embed in their tweets.
New Skrill App Benefits Consumers, Retailers (Sept. 9, 2014)
Online payments and digital wallet provider Skrill USA Inc. has launched a mobile app enabling its U.S. customers to manage their digital wallets more conveniently and to send and receive payments, whether they are paying for goods and services or transacting on gaming sites.
hyperWALLET Adds Meta as Issuer (Sept. 9, 2014)
Vancouver-based payment solutions provider hyperWALLET has signed Meta Payment Systems to be its second issuing bank in the U.S.
Home Depot Confirms Breach Spans Stores in U.S., Canada (Sept. 9, 2014)
Home Depot confirmed suspicions that it is the victim of a customer data breach.
Viewpoint: Separating Fact from Fiction: Consumers Union Campus Banking Report
The NBPCA responds to the CU report on student cards.
All Aboard for Apple’s NFC Payments Launch (Sept. 8, 2014)
Apple’s new iPhone 6 to be announced tomorrow is almost certain to shake things up in the fledgling mobile wallets ecosystem, with an NFC-based mobile wallet that will debut with the support of major retailers, payments networks and banks.
Store Financial Offers Students a Safe Way Home (Sept. 8. 2014)
As another school year beings, a new prepaid card is helping ensure college students have a safe ride home after a night on the town.
Barclaycard Beefs Up Loyalty/Rewards Capabilities with Logic Group Buy (Sept. 8, 2014)
Barclaycard, the global payments business of U.K.-based Barclays, announced today it’s acquiring The Logic Group, a U.K.-based payments and loyalty company.
SBI, MasterCard Launch Multi-Currency Card for Millions of Indian Travelers (Sept. 8, 2014)
The State Bank of India and MasterCard today launched a multi-currency travel card for business professionals, tourists and students traveling abroad.
Getting ready for mobile payments
With the penetration of mobile devices, such as smartphones and tablets constantly growing, attention is increasingly turning to mobile marketing, mobile commerce and mobile payments. It is still the case, however, that these trends are largely played out in specialised media, and do not influence the actual behaviour of consumers. This is especially true for mobile payments, with consumers very sceptical about this concept
EY seeks start-up to solve data privacy challenges
EY is inviting start-up tech companies to compete in a competition looking for solutions to the problems posed by “right to be forgotten” regulations.
