About 40% of the U.S. population have used a mobile wallet for their retail purchases. App-based payment solutions, mobile payments and the Internet of Things are resulting in consumers developing different expectations of their shopping experience, moving towards online and app-based payment solutions. Article – About 40% of the U.S. population have used a mobile…
New research finds if a bank offered a mobile wallet, 51% of the respondents are likely to use the bank-offered mobile wallet.
Also, 82.8% have a smartphone, but 12% of those with a smartphone do not plan on using a wallet of any kind just yet.
CardWeb.com’s CardData Reports today features the”How European Issuers Can Thrive in an Ecosystem Defined by Tokenization-Enabled TNFC Payments” white paper from TSYS.
CardWeb.com’s CardData Reports today features the”How European Issuers Can Thrive in an Ecosystem Defined by Tokenization-Enabled NFC Payments” white paper from TSYS.
The total value of mobile transactions processed throughout the world is expected to escalate to in 2019 surging at a CAGR of 122.2% over the period of 2015-2019. The massive increase in the payments, remittance and banking value is anticipated to be driven by Asia-Pacific region, with countries including China and India.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
Seamless and The PCMS Group have signed a collaborative agreement to further strengthen SEQR’s presence in the UK and the US. The agreement between PCMS and Seamless is a key component for big retailers in the UK and the US waiting to activate SEQR. PCMS is a key point of sales provider for top tier retailers so this he agreement opens up PCMS large client base on both markets. THis partnership sees payment solutions for all devices across their many sales channels.
Easypaisa, Pakistan’s first and leading branchless banking service from Telenor and Tameer Microfinance Bank, has launched easypaisa mobile account ATM cards in Pakistan using TPS IRIS Enterprise Payment Switch. These cards are highly secure and convenient where customers will no longer need to visit an easypaisa outlet to avail easypaisa services. With the launch of Easypaisa mobile account ATM cards, Easypaisa customers can not only withdraw cash from ATMs nationwide but can also make fund transfers, bill payments and withdraw cash on Tameer Bank POS machines. This card program paves way for significantly improving financial inclusion for easypaisa customers who can receive payments from governmental institutions such as Benazir Income Support Program (BISP), Employees Old Age Benefit Institute (EOBI) and many others.
Paydiant m-wallet and cardless ATM access has integrated its mobile wallet solution with the Future POS restaurant and hospitality POS system. The certified solution also enables Future POS customers to benefit from a number of other compelling capabilities including tender steering to lower cost payment instruments, distribution of offers to drive more frequent customer visits and higher average ticket size, and a more secure payment mechanism that leads to less card fraud and fewer charge backs. Now consumers can use any iPhone® or Android™ smartphone to download the restaurant’s or hospitality service provider’s mobile wallet app and link their preferred payment cards to the wallet. Customers then simply scan a QR code presented to them at the point-of-sale or on a tablet running an instance of Future POS at the table.
MasterCard, C-SAM and DNP announced the coming launch of a white-label NFC m-wallet service in Japan that enterprises will use to offer their customers more rewarding experiences to retailers and merchants. The NFC white label services integrate C-SAM’s end-to-end Mobile Transaction Platform (MTP), MasterCard PayPass™ contactless payment solution, and DNP’s flexible and scalable mobile wallet, enabling merchants and retailers to enhance and simplify the shopping experience by offering their customers convenient, contactless, transactional and value-added services via their smartphone. A joint mobile wallet service integrating C-SAM’s MTP and MasterCard contactless technology was launched in Singapore in August of 2012. This platform also includes StarHub, DBS Bank, and EZ-Link.
Oxygen8 Group, provider of integrated mobile solutions, announced the global expansion of its “Bridge” mobile money transfer hub. Connecting even more Mobile Network Operators and Remittance Organizations to mobile wallet markets around the world, the rollout marks the beginning of a significant investment in 2013 that will drive the company further into the innovative mobile payments space. It is also compatible with all M-wallet systems and supports integration with money sending and receiving organisations other than mobile operators, such as Payment Service Providers (PSPs), cash-in or cash-out agents and financial institutions such as banks.
Viableware formalized its m-wallet strategy involving the leading companies in the mobile payments industry. Viableware demonstrated it’s the platform of choice for payment providers looking to support mobile wallet payments at full-service restaurants around the country. A number of full-service restaurants are currently piloting Viableware’s RAIL payment platform in an effort to securely accept payments at the table. The platform utilizes a fleet of handheld devices designed to replicate the look and feel of the typical leather folder that is the industry standard for bill presentation at full-service restaurants.