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L2: A Think Tank for Digital Innovation » Visa’s V.me Latest to Join Digital Wallet Competition

L2: A Think Tank for Digital Innovation » Visa’s V.me Latest to Join Digital Wallet Competition | Financial | Scoop.it

And the digital wallet revolution continues to charge forward. Though more than 80 percent of Americans believe smartphones as portable cash and credit card machines are the future of financial transactions, the transition, at least in the U.S., has been relatively slow. In 2010, just 5 percent said they used their mobile phone as a method of payment. Last year, according to Nielsen, that number crept up to 9 percent. Considering how rapidly audiences for other mobile functionalities have grown in the past couple of years, many by 50 to 200 percent or more, this jump is statistically significant but not entirely impressive. In a recently-released Pew study on the future of money, 35 percent of respondents said that by 2020 mobile payments won’t “have gained a lot of traction” and that “there will not be a major conversion of money to an all-digital-all-the-time format.”

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Banking Technology Vision - Accenture -- Summary

Banking Technology Vision - Accenture -- Summary | Financial | Scoop.it

How do technology trends affect banks? Read this Accenture report to learn more about the technology waves that are shaping the banking landscape.

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E-commerce companies staffing up across Philadelphia

E-commerce companies staffing up across Philadelphia | Financial | Scoop.it
Philly tech news | Technically Philly - A Better Philadelphia Through Technology...
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Video: PayPal shopping showase

Video: PayPal shopping showase | Financial | Scoop.it
Last week, we visited the PayPal shopping showcase in Tribeca where PayPal had set up a number of vignettes highlighting the future of payment to inspire retailers to looking beyond their current payment options.
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PayPal targets small businesses with all-in-one tool PayPal Payments

PayPal targets small businesses with all-in-one tool PayPal Payments | Financial | Scoop.it

PayPal is organizing its payments products into one service for small businesses called PayPal Payments that is meant to provide an array of tools for online, in-person and mobile payments

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Forbes segments investment content with tailored app - Media - Mobile Marketer

Forbes segments investment content with tailored app - Media - Mobile Marketer | Financial | Scoop.it

Forbes is taking a niche approach to its latest mobile effort with an application designed to help users make sound financial decisions.

By catering to one specific area of Forbes content, the publisher is aiming to make the app a catch-all place for retirement news, advice and tools.

Forbes is not the only publisher rolling out mobile initiatives that are aimed at small segments of users.

For example, the Washington Post recently rolled out an app specifically for election 2012 coverage

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Adoption of mobile payments face significant challenges, report suggest

Adoption of mobile payments face significant challenges, report suggest | Financial | Scoop.it

In Finaccord’s survey, the concept of mobile payments was defined as ‘physically swiping a phone at a checkout or using a service (other than a regular app or website) to transfer money or credit to another person’s bank, cash remittance or mobile telephone account’.

Across all owners of mobile phones, just 10.7% stated that they were very favourable towards the concept with a further 20.4% reporting that they were quite favourable, 23.8% that they were neither favourable nor unfavourable, 17.4% that they were not very favourable, 22.1% that they were not at all favourable, and with the balance of 5.7% not feeling able to express an opinion at all. Hence, at a combined 39.5%, those that were not very favourable or not at all favourable outweighed those that described themselves as quite favourable or very favourable, at 31.1%.

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Barclays enlists NFC tags to enable mobile payments for customers - Mobile Commerce Daily - Payments

Barclays enlists NFC tags to enable mobile payments for customers - Mobile Commerce Daily - Payments | Financial | Scoop.it

Barclay’s payments division Barclaycard has introduced PayTag, which is a near-field communications tag that users can stick to the back of their mobile phones. By holding a phone outfitted with PayTag over a contactless payment terminal, users will be able to pay for purchases up to 15 British pounds, or approximately $24 U.S. dollars, via their Barclaycard Visa credit card account.

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How much 'pleasure' do you get from your bank? - news on creativematch

How much 'pleasure' do you get from your bank? - news on creativematch | Financial | Scoop.it

New research shows that consumers have more Confidence in banks than any other consumer sector – but that banks offer little in the way of Pleasure...

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Twitter Commerce

Twitter Commerce | Financial | Scoop.it
Chirpify enables businesses and consumers to buy, sell, and exchange funds on Twitter, turning Tweets into transactions.
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Banking Technology Vision - Accenture -- Summary

Banking Technology Vision - Accenture -- Summary | Financial | Scoop.it

How do technology trends affect banks? Read this Accenture report to learn more about the technology waves that are shaping the banking landscape.

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'Card-Linked Offers' Gain Traction---and Privacy Worries

'Card-Linked Offers' Gain Traction---and Privacy Worries | Financial | Scoop.it

As lenders like U.S. Bancorp and Bank of America cash in on their transaction data to spur card use and capture new sources of revenue, privacy concerns about such card-linked offers are mounting

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Japanese bank to roll out palm-reading ATM machines

Japanese bank to roll out palm-reading ATM machines | Financial | Scoop.it
Ogaki Kyoristu Bank said the machines will be installed at 10 banks and a drive-through ATM. They will be the first biometric ATMs that don't require a card at all.
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Multi-world virtual currency exchange for IMVU Credits, Toribash Toricredits, Frenzoo Gold Coins, Second Life Lindens, FriendsHangout Tokens | FMX

Multi-world virtual currency exchange for IMVU Credits, Toribash Toricredits, Frenzoo Gold Coins, Second Life Lindens, FriendsHangout Tokens | FMX | Financial | Scoop.it
Multi-world virtual currency exchange. Trade, buy or sell IMVU Credits, Lindens, Toricredits or Frenzoo Gold Coins, FriendsHangout Tokens.
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Bump allows people to transfer money with a phone tap

Bump allows people to transfer money with a phone tap | Financial | Scoop.it
The company known for sharing virtual business cards is eyeing the vibrant mobile wallet market...
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Paying just one part of the mobile payments puzzle

Paying just one part of the mobile payments puzzle | Financial | Scoop.it
What is it going to take for mobile payments to finally register in the mind of the consumer? Maybe it's time to think about mobile shopping rather than mobile payments, panelists argued Tuesday at the VentureBeat Mobile Summit.
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Accounts Executive/ Accountant at IRIS | SpanJobs.com

Job listed by IRIS, (#indiajob Accounts Executive/ Accountant at IRIS: Job Description:Looking for Accounts Executive.Des...)..

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‘Online piggy bank’ allows teenagers to buy over the internet

‘Online piggy bank’ allows teenagers to buy over the internet | Financial | Scoop.it

“More than 80% of British adolescents receive pocket money on a regular basis,” said a spokesman. “All in all, they have more than £2bn at their disposal every year.

The new service, billed as an online piggy bank, is aimed at under 18s, a group that often struggles to spend online because many sites require a credit card for payment – and that is only available to those aged 18 and over. At the same time, points out Bankiwi, this is a group with pocket money to spend. Through Bankiwi, they can do that with what the site describes as an “age appropriate” group of retail websites.

Parents and relatives can pay money in either over the internet or by phone, making either regular or one-off payments. Account holders cannot spend more than their balance. The service is backed by payment acquiror Crédit Mutuel Arkéa, with security through SSL and 3D-Secure systems. Bankiwi also says that it helps users to manage their money.

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Microsoft to integrate carrier operated services directly into Windows Phone 8

Microsoft to integrate carrier operated services directly into Windows Phone 8 | Financial | Scoop.it

Microsoft's wallet payment service, that will utilize the NFC chipsets in Windows Phone 8 devices, will also be opened up to operators in an effort to allow them to brand the experience in a similar way to the RCSe integration. Although Microsoft has not spoken publicly about its plans, a number of Android handset manufacturers have been integrating RCSe services in preparation for carriers start to rollout their offerings more broadly. We understand that Microsoft sees this as a key offering for its mobile carriers that will ship Windows Phone 8 handsets later this year.

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Bank of America, Citibank and USAA rank as top tablet banks: Javelin

Bank of America, Citibank and USAA rank as top tablet banks: Javelin | Financial | Scoop.it

According to the report, mobile banking with tablet users is growing at twice the rate of smartphone users, showing how financial institutions need to cement a strong tablet strategy if they want to keep up.

Less than 20 percent of the top 25 financial instructions surveyed have native tablet apps specifically designed for the three top tablets: the iPad, Kindle Fire and other Android-based devices, per the report.

Tablet owners use their devices to bank more, according to the study. For example, 24 percent of tablet owners surveyed said that they had used mobile banking in the past week compared to 11 percent of non-tablet mobile owners.

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O2 Wallet launches in the UK: NFC to be added "in time" • NFC World

O2 Wallet launches in the UK: NFC to be added "in time" • NFC World | Financial | Scoop.it

Amid on-going delays for the UK mobile network operators' Project Oscar NFC joint venture, O2 has moved ahead with the launch of a mobile wallet that offers a suite of payments and marketing services to any mobile phone user, regardless of their operator or bank alliegiance!

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Finextra: New Zealand telcos partner Paymark on NFC m-payments

Finextra: New Zealand telcos partner Paymark on NFC m-payments | Financial | Scoop.it

New Zealand telcos partner Paymark on NFC m-payments. New Zealand's bank-owned payments network Paymark is teaming up with three of the country's major wireless network operators on a contactless mobile money joint venture.

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