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Articles in Payments

Mobile wallet firm Skrill brings one tap mobile payment and HTML card processing to make mobile payment quick and easy for everyone
February 7, 2012 – 4:09 pm | One Comment
Mobile wallet firm Skrill brings one tap mobile payment and HTML card processing to make mobile payment quick and easy for everyone

Digtial wallet provider Skrill is aiming to bringing easy and quick mobile payments to merchants and consumers with its 1-Tap product. By implementing 1-Tap, merchants can offer customers the opportunity to pay for goods in ‘one tap’ on any device, rather than having to re-enter login details or credit card information

GUEST OPINION The pros – and cons – of mobile payments
February 6, 2012 – 8:25 pm | 2 Comments
GUEST OPINION The pros – and cons – of mobile payments

Ahead of his panel slot at Internet Retailing Expo in the Mobile and Social Conference, Gabriel Hopkins, Head of eCommerce Products, WorldPay, looks at the main issues that retailers face when implementing a mobile payments channel, as well as the key areas to focus on to help take full advantage of consumer demands for m-commerce

NFC card emulation service for mobile payments comes a step closer
February 2, 2012 – 4:18 pm | No Comment
NFC card emulation service for mobile payments comes a step closer

YESpay International and YES-wallet.com have built a cloud based payment platform using Near Field Communication (NFC) global standard technology that creates a cloud-based NFC contactless card emulation services conforming to PayWave and PayPass standards offering a more convenient and efficient payment solution for merchants and consumers

GUEST OPINION Mobile payments should bring convenience at a cost, not a cost without convenience
January 5, 2012 – 5:59 pm | Comments Off
GUEST OPINION Mobile payments should bring convenience at a cost, not a cost without convenience

Kunal Choitram, business development manager, eWise takes a look at how mobile payments are the key to making mobile shopping even more convenient and widespread in 2012

Mobile coupon redemption rates to reach 8% globally by 2016 as North American and Western European users get onboard
January 3, 2012 – 5:51 pm | Comments Off
Mobile coupon redemption rates to reach 8% globally by 2016 as North American and Western European users get onboard

A new report from Juniper Research has found that the global redemption rate of mobile coupons will average at over 8% by 2016, an eightfold increase over the best paper coupons campaigns. North American and Western European markets are now beginning to follow the same growth path as the Far East & China and by 2016 there will be over 600m regular mobile coupon users worldwide

Four times more consumers consider mobile payments safer than credit cards
December 13, 2011 – 11:59 am | 2 Comments
Four times more consumers consider mobile payments safer than credit cards

Four fifths of consumers would spend more online if offered an easier and more secure way to pay – and 80% believe direct carrier billed mobile payments are more secure than using credit and debit cards for online digital purchases – and merchants could add aggregated yearly revenue of $109.8 billion, simply by offering an alternative “no credit card required” way to pay at checkout, finds Javelin and PaymentOne study

PayPal predicts that UK shoppers won’t be using their wallets by 2016 as payments go mobile…
November 30, 2011 – 9:17 am | 2 Comments
PayPal predicts that UK shoppers won’t be using their wallets by 2016 as payments go mobile…

You won’t need your wallet to go shopping on Britain’s high streets in 2016 according to a new report by PayPal, which says in its report ‘Money: The Digital Tipping Point’ that 2016 will be the year when UK shoppers will be able to use their mobile phones to pay for things on the high street with digital money rather than cash, cheques or cards

… but ‘An Easy Way to Pay’ is not enough to drive global adoption of the mobile wallet
November 30, 2011 – 9:16 am | Comments Off
… but ‘An Easy Way to Pay’ is not enough to drive global adoption of the mobile wallet

Simply providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption, asserts Mobey Forum in a new white paper out this week

PayPal forecasts m-shopping to grow to £2.5bn by 2016
November 10, 2011 – 12:09 pm | Comments Off
PayPal forecasts m-shopping to grow to £2.5bn by 2016

A five year forecasting study commissioned by PayPal – which pretty much pioneered mobile payments back in the day – anticipates an explosion in UK mobile retail, predicting that the market will grow an average of 42% each year and be worth £2.5 billion by 2016

Starbucks notches up 20million mobile payments this year
November 10, 2011 – 11:59 am | Comments Off
Starbucks notches up 20million mobile payments this year

Starbucks Mobile Pay, the company’s pay-by-mobile application and in-store scanner system, which was rolled out across the US in January, has processed more than 20 million mobile payment transactions, the company revealed during its earnings call this week

Survey shows consumers still in the dark about NFC and mobile payments
November 8, 2011 – 11:47 am | Comments Off
Survey shows consumers still in the dark about NFC and mobile payments

A recent UK survey of 2000 mobile phone users commissioned by Opinion Matters on behalf of Gemalto, a digital security company, found that only 32% of consumers know what NFC stands for, and a large number expressed security concerns about using a mobile wallet

Mobile coupon redemptions to see eight fold growth by 2016 globally, research finds
October 30, 2011 – 5:08 pm | Comments Off
Mobile coupon redemptions to see eight fold growth by 2016 globally, research finds

The total redemption value of mobile coupons will exceed $43 billion globally by 2016 as coupons are increasingly delivered by mobile apps – an eightfold increase from $5.4 billion in value to be redeemed this year. Redemption rates are set to rise in North America and Western Europe after a few years of experimentation and growing user acceptance, says Juniper Research

GUEST OPINION Making a secure move to mobile through payments
October 29, 2011 – 3:26 pm | Comments Off
GUEST OPINION Making a secure move to mobile through payments

Peter Caparso, Adyen’s North American President takes a look at how smart mobile payment protocols balance security, compliance and fraud detection, making them increasingly attractive to retailers looking to offer proper m-commerce

M-commerce will become a standard offering in next one to two years, finds WorldPay study
October 19, 2011 – 6:07 pm | One Comment
M-commerce will become a standard offering in next one to two years, finds WorldPay study

Research conducted at the Internet Retailing Conference in London on 4 October by payment processing experts WorldPay finds that customer demand is driving online retailers towards offering m-commerce transactions, and plans are in place to implement in the next one to two years

There is a case for NFC mobile payments, says Mobey Forum – and shows the market how to implement
October 12, 2011 – 2:27 pm | Comments Off
There is a case for NFC mobile payments, says Mobey Forum –  and shows the market how to implement

Mobey Forum – the global bank-led industry association defining a prosperous mobile financial services landscape – has released a white paper called ‘Business Models for NFC Payments’ highlighting what needs to happen to make NFC contactless mobile payments at point of sale (PoS) a mass market reality

Convenience tops shoppers’ wish-list as WorldPay research reveals m-commerce frustrations
October 5, 2011 – 11:36 am | Comments Off
Convenience tops shoppers’ wish-list as WorldPay research reveals m-commerce frustrations

Despite an increasing adoption of mobile payments, research from payments expert WorldPay, carried out by Consensus, has revealed that 39% of smartphone shoppers are frustrated by the length of the process when buying via their mobile, and 38% were irritated by the amount of information that needed to be entered

Smartphones are the gateway to paid-for mobile payments, finds consumer study
October 2, 2011 – 11:18 am | Comments Off
Smartphones are the gateway to paid-for mobile payments, finds consumer study

A consumer study conducted in July 2011 by the Banking division of Simon-Kucher & Partners, global consulting firm specialising in pricing and marketing, has found that 92% of smartphone users would be willing to use mobile payments for their purchases and other forms of money transmission

Virgin Trains uses mobile payments to let customers purchase wifi access on the move
September 13, 2011 – 10:00 pm | Comments Off
Virgin Trains uses mobile payments to let customers purchase wifi access on the move

Customers of UK rail operator Virgin Trains are now able to purchase onboard wifi access using their mobile phones. Nomad Digital, a leading provider of high-speed, end-to-end wireless connections on transportation fleets, has announced that it is using ImpulsePay’s mobile purchasing solution to enable customers to pay for wifi access on any wifi enabled Virgin Train, using their mobile phones

RBS teams up with Monitise to deliver broad range of mobile banking services
September 6, 2011 – 9:10 pm | Comments Off
RBS teams up with Monitise to deliver broad range of mobile banking services

Monitise has signed a new partnership agreement with Royal Bank of Scotland (RBS) Technology Services to broaden mobile banking and payments services across its banking divisions

GUEST OPINION Contactless payment: just the tip of the iceberg for NFC
August 24, 2011 – 10:14 am | One Comment
GUEST OPINION Contactless payment: just the tip of the iceberg for NFC

Mobile as a payment tool in retail is gaining a lot of attention and within that everyone is talking NFC – but there is much more to what NFC can deliver to retailers, as Carsten Kraus, CEO and founder of Omikron Data Quality and FACT-Finder.com, explians