Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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Visa and MasterCard to cut ties binding banks and telcos via Host Card Emulation

Visa and MasterCard to cut ties binding banks and telcos via Host Card Emulation | Payments 2.0 | Scoop.it
Visa and MasterCard have announced support for Host Card Emulation, a cloud-based mechanism for hosting NFC applications outside the Secure Element that effectively removes the need for bank reliance on telcos in implementing mobile payments.
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PSI-Pay taps MasterCard PayPass for contactless payments

PSI-Pay taps MasterCard PayPass for contactless payments | Payments 2.0 | Scoop.it
PSI-Pay Ltd, a leading e-wallet and payment card issuer, has today announced that users can now make contactless payments with its cards in conjunction with MasterCard's PayPass functionality.
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EBay shares slide as MasterCard threatens PayPal with new digital wallet fee

EBay shares slide as MasterCard threatens PayPal with new digital wallet fee | Payments 2.0 | Scoop.it
Shares in eBay fell to a 2013 low yesterday amidst concerns that the online auction house's PayPal unit could be hit by MasterCard's plan to introduce a new 'digital wallet' fee.
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MasterCard Partners With Mobile Wallet Infrastructure Platform C-SAM

MasterCard Partners With Mobile Wallet Infrastructure Platform C-SAM | Payments 2.0 | Scoop.it
TechCrunch : MasterCard has announced an investment in and partnership with mobile wallet and transactions platform provider C-SAM.
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MasterCard launches'Display Card with Touch-Sensitive dialpad and LCD screen

MasterCard launches'Display Card with Touch-Sensitive dialpad and LCD screen | Payments 2.0 | Scoop.it

Therese's comment: Pilot in Singapore for security-sensitive card payments... check it out !

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MasterCard Inks 5-Year NFC/Mobile Payments Deal With UK’s Everything Everywhere, Covers 27M Users | TechCrunch

MasterCard Inks 5-Year NFC/Mobile Payments Deal With UK’s Everything Everywhere, Covers 27M Users | TechCrunch | Payments 2.0 | Scoop.it

MasterCard is once more extending its reach into mobile money services in Europe in partnership with a carrier -- this time in the mobile-savvy UK market. [MasterCard...]   has cut a five-year deal with Everything Everywhere, the JV between France Telecom’s Orange and T-Mobile, to develop mobile payment solutions, with a “co-branded, prepaid solution for mobile devices” enabling contactless NFC payments one of the first planned out of the gate. Later, the two want to include money transfers, loyalty rewards and more.  Everything Everywhere is the UK’s largest carrier and the deal will cover 27 million subscribers.

 

Therese's comment: I'm quite skeptical of telco's payment ventures and even more so of telco payment joint ventures (JVs). Curious to see if/when this alliance will bear fruit. Hopefully it will be faster than the US operators' JV ISIS

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Visa Europe Puts Brakes On iZettle As mPowa Expands To Android | TechCrunch

Visa Europe Puts Brakes On iZettle As mPowa Expands To Android  | TechCrunch | Payments 2.0 | Scoop.it

A bit of a setback today for mobile payments and specifically iZettle -- the startup modelled as a kind of "European Square" for merchants to take card payments on their phones. The company today had to shut off accepting Visa cards in three of the markets where it has been running pilots — Denmark, Finland and Norway [...]

 

Visa Inc. in the U.S. is an investor in Square, and MasterCard recently became an investor in iZettle, so it is easy to think that this story may be a case of muscle flexing between the two larger companies: perhaps a sign of Square setting the stage for a European launch?

 

De Geer says that’s very unlikely because Visa Europe is an association owned by its members in different markets, while Visa Inc is a publicly-traded U.S. company...

 

Therese's comment: Visa Europe claims that iZettle's authentication process does not meet its requirements; Visa Europe competes with MasterCard Europe just as Visa Inc competes with MasterCard US.

 

 

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Mobile payments are coming to Europe - Deutsche Telekom in talks with Google

Mobile payments are coming to Europe - Deutsche Telekom in talks with Google | Payments 2.0 | Scoop.it

Deutsche Telekom partnership with MasterCard has an effect on tens of carriers in Europe and the benefit of NFC payments could be extended to all the subsidiary companies in its control. [...] More good news comes today from Thomas Kiessling, which is Deutsche Telekom’s head of innovation. In an interview he acknowledged that Deutsche Telekom is talking to Google, credit card companies and banks to gain partners for its new mobile payment system...

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The Digital Wallet's Future is Now - TheStreet.com

The Digital Wallet's Future is Now - TheStreet.com | Payments 2.0 | Scoop.it

Comment : The article gives an overview of mobile and contactless in the US (picture from PayPal)

- PayPal

- Square

- Visa

- MaserCard

- Apple's Passbook

- Intuit's Sail

- Google Wallet

- PayAnywhere

- ISIS

 

 

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MasterCard, C-SAM Partner on Wallet for Asia Pacific, Middle East and Africa

MasterCard, C-SAM Partner on Wallet for Asia Pacific, Middle East and Africa | Payments 2.0 | Scoop.it
MasterCard, C-SAM Partner on Wallet for Asia Pacific, Middle East and Africa: C-SAM and MasterCard have announce...
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MasterCard gives PayPass blessings to HTC One X, 16 other NFC phones

MasterCard gives PayPass blessings to HTC One X, 16 other NFC phones | Payments 2.0 | Scoop.it

MasterCard is widening the universe of phones that officially support PayPass in a big way, with a new MasterCard PayPass Ready program certifying....

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MasterCard Survey Finds Commuters Ready to Kick Cash to the ...

MasterCard Survey Finds Commuters Ready to Kick Cash to the ... | Payments 2.0 | Scoop.it
A new survey released today by MasterCard Worldwide finds that many of the top frustrations cited by U.S. commuters have to do with how they pay and that a majority recognize the benefits contactless payments can provide ...
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Ingenico, Santander & Orange develop first multi-brand NFC mobile ...

Ingenico, Santander & Orange develop first multi-brand NFC mobile ... | Payments 2.0 | Scoop.it

It is the first time that it has been possible to make contactless payments of any amount with the main payment systems providers, MasterCard and Visa, at the same time on the same terminal. The project has been developed in co-operation with Banco Santander, Orange, Oberthur Technologies, Visa, MasterCard, Redsys and RIM.

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Mastercard's digital wallet gets more support across Europe - ComputerworldUK

Mastercard's digital wallet gets more support across Europe ComputerworldUK Mastercard's digital wallet gets more support across Europe. MBNA confirmed as one of the first card issues on the platform in the UK.
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Incumbents strike back: Visa CEO calls MasterCard's planned digital wallet fee' appropriate'

Incumbents strike back: Visa CEO calls MasterCard's planned digital wallet fee' appropriate' | Payments 2.0 | Scoop.it

SAN FRANCISCO — Visa Chief Executive Charlie Scharf suggested on Wednesday that the payment network may impose a fee on digital wallet opera... " ... The MasterCard fee will be charged on "staged" digital wallets, such as PayPal, Google's Wallet, Square, iZettle in Europe and Intuit's GoPayment, according to analysts. "

Therese Torris's insight:

The Emprire strikes back. No good news for consumers and start-ups alike.

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MasterCard unveils MasterPass to bring together, offline, online and mobile payments

MasterCard unveils MasterPass to bring together, offline, online and mobile payments | Payments 2.0 | Scoop.it

Finextra: Ed McLaughlin, chief emerging payments officer, MasterCard, says: "Every device is becoming a shopping device. MasterPass brings together all of the ways we pay for things, from traditional plastic cards to digital wallets, and gives consumers the ability to make a payment from wherever they are and with one simple experience."

Therese Torris's insight:

Payment war rages on ! Soon decisive battles?

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PayPal and Mastercard lost million of £ following 'Anonymous' DDOS attack

PayPal and Mastercard lost million of £ following 'Anonymous' DDOS attack | Payments 2.0 | Scoop.it

Daily Mail: PayPal lost £3.5million after site was taken offline by 'Anonymous' gang [through Distributed Denial of Service attacks in revenge for refusing to process Wikileaks payments ]

 

Three hackers  admit guilt over 2010 attack, while 22-year-old hacker known as 'Nerdo' denies  charge of conspiracy...

 

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Mobile payments companies expect to benefit from frustration

Mobile payments companies expect to benefit from frustration | Payments 2.0 | Scoop.it

"Retailers may be looking to mobile payments as an alternative to traditional transactions, having clearly had enough with Visa and MasterCard, as merchants recently refused to accept a settlement in the lawsuit that is currently accusing these credit card giants of working together to set fees for their services..."


Via Charles Johnson, Therese Torris
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PayPal Polishes Its Mobile-Payments Crown - DailyFinance

PayPal Polishes Its Mobile-Payments Crown - DailyFinance | Payments 2.0 | Scoop.it

Therese's summary: In this August 26 aticle, The Motley Fools reviews PayPal latest deals with McDonalds in France and Discover in the US. The author concludes that Visa and MasterCard stand to loose most from the surge of new mobile and in store payments offered by PayPal and competitors.

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MasterCard and Russian Post pilot contactless payments - sQuidcard

MasterCard and Russian Post pilot contactless payments - sQuidcard | Payments 2.0 | Scoop.it

Russian Post and the payments provider have joined forces [...] As part of the joint trial, over 2,000 post offices across Russia will be equipped with MasterCard's PayPass point of sale (POS) devices...

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TechCrunch | Location-Based Shopping App Shopkick Partners With MasterCard On Rewards ProgramTechCrunch

TechCrunch | Location-Based Shopping App Shopkick Partners With MasterCard On Rewards ProgramTechCrunch | Payments 2.0 | Scoop.it
Mobile shopping app shopkick is announcing a partnership with MasterCard today which will allow cardholders to earn "kicks" (shopkicks' in-app rewards) by linking their card with shopkick's Buy & Collect program and making qualifying purchases.
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MasterCard Mobile POS Program for Small and Micro-Businesses [Press Release]

MasterCard Mobile POS Program for Small and Micro-Businesses [Press Release] | Payments 2.0 | Scoop.it

The MasterCard MPOS Best Practices document contains guidance that solution providers and merchants should adhere to, including best practices regarding:

1. Securing MPOS Payment Applications

2. Securing Transaction Data Captured by an MPOS Card Reader Accessory

3. Securing Personal Account Numbers (PAN)

4. EMV Chip Transactions

5. Display of the MasterCard Acceptance Mark

6. Merchant Confirmation

7. Cardholder Verification Methods (CVM)

8. Receipts (by iZettle)

Direct link: http://www.mastercard.com/us/company/en/docs/MasterCard_Mobile_Point_Of_Sale_Best_Practices.pdf

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TechCrunch | Digital Wallet Battle Heats Up As Visa And MasterCard Enter The Game

TechCrunch | Digital Wallet Battle Heats Up As Visa And MasterCard Enter The Game | Payments 2.0 | Scoop.it
This week, two of the major players in the credit card industry, Visa and MasterCard launched their online digital wallet services.
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Mobile Payments Create Revenue Streams For MasterCard - Investor's Business Daily

Mobile Payments Create Revenue Streams For MasterCard - Investor's Business Daily | Payments 2.0 | Scoop.it
CBC.caMobile Payments Create Revenue Streams For MasterCardInvestor's Business DailyOne telling strategy has been to strike alliances with major players, including Google (GOOG), to switch mobile payments into a revenue stream, rather than a threat.
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MasterCard and Vincento ink strategic partnership agreement - Finextra

MasterCard and Vincento ink strategic partnership agreement - Finextra | Payments 2.0 | Scoop.it

November 2011, MasterCard and Vincento partnered with LAKS to launch Watch2pay, the UK's first ever prepaid contactless wristwatch, which enables consumers to make fast, secure...

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