Gemalto digital security acquired Ericsson Internet Payment Exchange communications technology and services for undisclosed terms. IPX has developed one of the leading mobile payment and messaging platforms in the world. IPX connects more than 1,000 customers to over 120 Mobile Network Operators (MNOs). IPX also operates payment platforms as a white label service for various operators. Gemalto is also acquiring Ericsson’s Trusted Service Manager (TSM) activity. IPX will join Gemalto’s Software & Services business line in the Mobile Communications segment.
MasterCard kicked off its “MasterCard Mobile Money Partnership Program” global initiative to help more than 2.5 billion financially-underserved consumers worldwide gain access to formal financial services through their mobile phones. In partnership with Comviva, Sybase 365 and Utiba, this will let consumers purchase goods and services via their mobile phones at millions of brick and mortar and online merchants worldwide, as well as transfer funds and pay bills. This is designed to target the 70% of the global population with a cell phone, only half of which have a bank account. The “MasterCard Mobile Money Partnership Program” offers prepaid companion cards that account holders can use at merchants that accept MasterCard cards; virtual card accounts that can be used for eCommerce payments with a user’s mobile money account; and person-to-person payments between subscribers of two different mobile money services.
Sybase 365 mobile messaging and mobile commerce services has been selected by Dutch-Bangla Bank Limited (DBBL) for its mobile banking platform. The Sybase 365 mBanking platform allows DBBL to reach the rural and unbanked in the Country, of which 45% are mobile phone users. With capabilities to conduct local and international money remittance, expatriates will also be able to remit money to the mobile accounts of their families, who can then make a withdrawal at the nearest retailer or cash point. The service will be available on all mobile devices with subscription to any of the six mobile operators of Bangladesh. As mobile banking continues to progress in Bangladesh, DBBL with Sybase 365 will roll out the next phase of services allowing customers to conduct mobile airtime top-up, merchant payment and micro financing from their mobile device.
Sybase 365 mobile messaging and mobile commerce services has partnered with Commercialbank of Qatar to implement its retail mobile banking and mobile payments service. This provides users instant and secure connectivity to accounts anywhere, anytime, letting them check balances, review transaction history and transfer funds between accounts. They can also make balance enquiries on all bank and card accounts, receive transaction summaries, make utility bill payments, order check books and conduct remittances.
Sybase 365 mobile messaging and mobile commerce services has expanded its mobile commerce offering with version 3.0 of Sybase “mBanking 365” mobile banking platform. This is designed to enhance functionalities and simplify deployment. It offers iPhone support for Consumer Retail Banking and provides an mBanking iPhone application for Corporate Banking-specific Treasury management. Sybase “mBanking 365 3.0” includes device detection and features Multi-Channel mBanking: SMS, mobile browser and rich-client; an exclusive iPhone app for Corporate Banking-specific Treasury management workflows for Positive Payment decisioning, ACH release, Wire release, Corporate Account Activity Alerts, and mobile phone optimized Cash Management reporting.
Sybase 365 has partnered with Mexico’s Ixe Bank to launch âIxe Net Movilâ, the Bankâs new multi-channel mBanking service. This partnership equips Ixe customers with immediate on-the-go account access and multiple banking functions through all channels – Intelligent SMS, mobile browser and rich-client Mobile Banking. Ixe Bank customers now have the ability to access banking services including alerts and notifications, account transfers, bill payment and monitoring of recent transactions. The Sybase 365Â® leading end-to-end mobile banking solution is a key component of the Sybase Mobility Platform, the industryâs first and most expansive framework of best-in-class mobility servers, mobile applications and mobile services, empowering enterprises, including financial institutions, to transform the way they connect with their customers and enable their employees. With more than 150 local branch offices across Mexico, this new mobile service also enables Ixe Bank to interact with its customers in real-time through mobile alerts, marketing campaigns and two-way banking services. Ixe customers can register for the free mobile service quickly and easily through Ixe Net, the bankâs online customer portal, or through their mobile device.
Research and Markets has announced the addition of Berg Insight AB’s new report “Mobile
Banking and Payments” to their offering. The strategic research report provides business intelligence and expert commentary on which to
base your business decisions and offers answers the following questions: how will mobile payments evolve beyond premium SMS;
why are public transport organisations adopting mobile ticketing
technology; what is the current status for network independent WAP billing; what will be the future role for transactional networks and
credit cards in mobile payments; when will NFC allow integration of payment cards in mobile handsets; what are the business opportunities for mobile operators in
international money transfer; how can mobile technology be applied to extend the reach of
today’s online banks; what is the true potential for providing mobile financial
services to the unbanked population in emerging markets and who are the most important players to watch in the mobile banking
and payments ecosystem?
GA-based AirDefense has released results from its “2007 Retail Shopping Wireless Security Survey” reveals that of the more than 2,500 wireless devices such as laptops, hand-helds, and barcode scanners in use by retailers, 85% of the devices could have been compromised or risk stolen data. Consequences of the wireless security vulnerabilities are difficult to quantify. However, unauthorized individuals with a desire to steal consumer information or retailer data are likely to look for the weakest link in the network, such as misconfigured access points. Some of the networks that were discovered were fresh out of the box, using default configurations and SSID (Service Set Identification), such as retail wireless, POS WIFI, or store#1234. This sends out a signal to someone with a desire to commit fraud that nothing has been changed on these devices and the entire wireless network. Data leakage occurs when companies add wireless functionality onto an existing wired network. Point-of-sale information on products and possibly consumer credit card information can leak onto the wireless airwaves and be stolen. The most common data security lapses involved mis-configured access points that open backdoors to data. On several occasions, larger retailers had configured access points to work with WPA but had not switched off WEP, the weakest wireless security protocol. In addition, many retailers use their store name in the SSID, the name assigned by the equipment vendor to the wireless network during installation giving away a retailer’s identity. SSID’s can easily be reconfigured but often times are not.