Ensygnia mobile payments company has been granted its second UK patent. Having recently closed its $3.3m start-up funding round, added that its granted UK patents now covered both log-in and payment processes. Ensygnia also confirmed that it had now acted on its International Patent Pending status, filing its Patent application in some 59 countries chosen for their high degree of Internet and e-commerce usage. An international patent search was conducted prior to the granting of the UK Patents.
mPayments provider Fortumo has signed Global Framework Agreements with leading operator groups Telefónica and Telenor to bring direct carrier billing services to 460 million additional subscribers worldwide. Using the BlueVia Payments API to charge purchases to their mobile operator bill, users in more than 30 countries will now be able to purchase digital goods over the web and on Android, Windows 8 and Windows Phone devices. Fortumo’s in-app purchasing SDK has become developers’ preferred choice for mobile operator billing and in-app purchasing on Android, Windows Phone and online. It is already used by a lot of top developers such as Rovio, Popcap, Gameloft, Digital Chocolate, Vostu, Game Insight, Alawar and many others. Fortumo’s mobile payments platform, including direct billing connectivity to Telefonica and Telenor is available to all developers looking to accept global mobile payments.
MasterCard and Telefónica launched its “Wanda” mobile financial solution. This will provide mobile payment solutions to the over 87 million Movistar customers in the 12 markets where it will operate. These mobile payment services will be linked to a mobile wallet or prepaid account that will allow for money transfers, mobile airtime reload, bill payment and retail purchases, among other services. The mobile wallet and prepaid accounts will be available anytime, anywhere in the world.
MasterCard announced financial results for 2Q/10, with a net income of $458 million and a net revenue of $1.4 billion, a 6.7% increase versus the same period in 2009 (7.9% a constant currency basis). This was thanks in great part to an increase in cross-border volumes of 15.2%; Growth in MasterCardâs gross dollar volume by 8.5% to $656 billion; and pricing changes of Â± 4 percentage points. Additionally, worldwide purchase volume was up 7.9% year-over-year to $493 billion; processed transactions increased 0.1% compared to the year ago period to 5.6 billion with 1.6 billion cards in circulation. Net revenue for 1H/10, meanwhile, totaled $2.7 billion for an increase of 9.7% over the year ago period; net revenue was up 9.0%; cross-border volume growth was 13.1%, gross dollar volume growth was 8.4%, and the net impact of pricing changes of approximately 5 percentage points.
2Q/10 NET REVENUES ($ millions)
Source: CardData (www.carddata.com)
Telefonica Movistar Mexico has certified Lipman’s “NURIT 8320” and “8000S” POS terminals for use on their wireless network. Telefonica’s network accounts for over 4 million subscribers and has coverage in 90 cities, making it one of the largest wireless networks in Mexico. The “NURIT 8320” desktop terminal is designed for customers who require a more traditional solution, such as restaurants and retailers, while the “8000S” handheld terminal is an effective solution for applications in which mobility is important, including taxi and courier services. Both terminals enable customers to offer new vertical applications, such as the ability to purchase pre-paid services directly at the point of sale.
EchoStar Communications Corp. won a Federal Court jury award in Colorado last Friday against Household Retail Services. HRSI was found to have breached its contract with Echo Acceptance Corporation, resulting in a judgment against HRSI of more than $5 million. According to court documents, from 1989 to 1995, HRSI purchased private label credit card accounts from EAC and agreed to pay EAC a percentage of the finance and insurance charges billed on the accounts until the accounts are liquidated. EAC says on Dec. 31, 1994, HRSI unilaterally terminated the agreement and wrongfully discontinued making payments on loans it previously purchased. EAC immediately filed suit in U.S. District Court in Colorado. Four and one-half years later the court found that HRSI breached its contract with EAC.