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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Commonwealth Bank roll-out NFC payments

21 Oct 13 @ 12:17

Australia’s Commonwealth Bank says its latest app update, with a uniform app interface rolling out across iOS, Android and, for the first time, Windows Phone 8 will offer enhanced general... read more

Clear2Pay launches validated M/Chip Advance Test Solution

21 Oct 13 @ 11:45

Clear2Pay says that its M/Chip Advance Test Solution has been analysed and validated by FIME, a renowned EMVCo and MasterCard accredited test laboratory. The Test Suite enables card vendors to... read more

MasterCard and Worldline integrate and deploy MasterPass

17 Oct 13 @ 17:16

MasterCard and Worldline, Atos subsidiary for e- payment services, have announced a partnership to integrate and deploy MasterPass. This collaboration, which covers all countries operated by Worldline – UK ,... read more

Western Union launches MyWU prepaid card jointly with Lottomatica

17 Oct 13 @ 09:33

The Western Union Company together with Lottomatica and MasterCard have launched the My WU reloadable prepaid card in Italy. Lottomatica, the brand through which GTECH S.p.A operates in Italy, is one... read more

Square takes aim at PayPal, Google and others

17 Oct 13 @ 09:25

Square has introduced Square Cash; a new service that allows users to send money by sending an email. With Square Cash, “individuals no longer need to write checks, pay ATM fees... read more

South African banks suffer massive Dexter malware attack

15 Oct 13 @ 18:23

The Dexter malware has struck again. This time, South African banks have suffered an estimated tens of millions of rand in losses due to a major breach of customer card... read more

Strategic mobile wallet options for Banks – Analysis

15 Oct 13 @ 16:51

In a sensibly positioned White paper, The Mobey Forum argues that the utilisation of mobile technology is permanently changing consumer spending habits, disrupting previously-exclusive relationships between banks and their customers... read more

Changing trends in multichannel shopping

15 Oct 13 @ 16:31

A consumer study from eDigitalResearch and Portaltech Reply found that weekly in store shopping levels have dropped since 2010, as smartphone owners continue to turn to their mobile devices and... read more

UK more open to mobile wallets than US

15 Oct 13 @ 11:18

New research carried out by Consult Hyperion suggests a majority of UK consumers would use mobile wallets. This 58% figure in favour is in contrast with the 64% of US... read more

Hong Kong telco rolls-out mobile NFC Payment

15 Oct 13 @ 11:06

Gemalto has worked with PCCW-HKT, one of Hong Kong’s major mobile network operators and Octopus Cards Limited (OCL to bring mobile NFC ticketing to its subscribers, as well as a... read more

Dwolla closes down bitcoin and virtual currency services

15 Oct 13 @ 10:03

In another big hit on virtual currency, Dwolla has shut down its services that work with virtual currency exchanges. The online payment provider emailed its customers which operate companies related to... read more

CBK proposals to end M-Pesa dominance

11 Oct 13 @ 09:43

Safaricom’s M-Pesa platform may soon be open for use by other mobile payment services providers if new regulations published by the Central Bank of Kenya are placed into effect. The... read more

Jumio announces digital wallet PORT

11 Oct 13 @ 09:36

Jumio announced the launch of Jumio PORT, an embedded wallet infrastructure that integrates with mobile OS utilities such as Apple Passbook and the recently-launched Samsung Wallet. With PORT, consumers can... read more

RBI sets up committee to explore potential of encrypted SMS mobile banking

10 Oct 13 @ 16:46

A Technical Committee on Mobile Banking has been set up by The Reserve Bank of India to explore the possibility of providing SMS-based mobile banking on all types of phones.... read more

UK creates watchdog to oversee payments system

10 Oct 13 @ 16:22

A new regulator is to be created in the UK to open up the privately-owned payments system and cut the cost for new entrants to take on big players. The regulator will... read more

MasterCard to acquire leading Turkish payment provider Provus

10 Oct 13 @ 10:43

MasterCard says it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. “Today’s announcement represents an exciting new chapter... read more

Cyber security – why mobile transactions pose high risk

10 Oct 13 @ 10:03

As National Cyber Security Awareness Month continues, new data from the Global Trust Intelligence Network (The Network) confirms the growing use of mobile devices for banking and online shopping. Of... read more

Amazon releases login and pay with Amazon to challenge PayPal

10 Oct 13 @ 09:37

Amazon has launched a new service, login and pay with Amazon, allowing user to pay for online goods and services using your pre-registered Amazon account information. Amazon has 215 million active customer accounts. Online retailers... read more

Trending

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more