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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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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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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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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Santander unveils first NFC wallet to offer both Visa and MasterCard payments • NFC World

Santander unveils first NFC wallet to offer both Visa and MasterCard payments • NFC World | Payments 2.0 | Scoop.it
The banking giant is introducing the first NFC payments solution to support cards issued by both Visa and MasterCard.
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DeviceFidelity begins shipping Moneto's NFC microSDs to consumers • NFC World

DeviceFidelity begins shipping Moneto's NFC microSDs to consumers • NFC World | Payments 2.0 | Scoop.it

"US iPhone users can now order a case containing an NFC microSD card online and use it to make payments with their mobile phone" using Mastercard's PayPass

 

Note: Fees tat consumers have to pay for the convenience of contactless payments seem high: US$79.95 for iPhones, $39.95 for Android + monthly fee of $4.95 for University National Bank

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NRF 2012 Mobile Payments Panel Recap; [VIDEO] 5 Minutes with PayPal's Don Kingsborough | eBay Ink

NRF 2012 Mobile Payments Panel Recap; [VIDEO] 5 Minutes with PayPal's Don Kingsborough | eBay Ink | Payments 2.0 | Scoop.it

"Is the mass consumer ready for mobile payments in 2012?" All 4 panelists answered with one word. "Yes." #NRF12 #eBayatNRF"

 

"An overview of the NRF [National Retail Federation] 2012 Mobile Payments panel including a video interview with Don Kingsborough of PayPal."

 

My take: Interesting video interview with Don Kingsborough who argues that a consumer-centric view of mobile payments favors a device-independent cloud-based mobile payment solution ("all Paypal's mobile payment solution needs is access to the cloud")  as opposed to a solution based on equipping millions of POS terminals with Visa's PayWave or Mastercard's PayPass capability.

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Cherian Abraham Puts Google Wallet to the test and suggests improvements -- Drop Labs

Cherian Abraham Puts Google Wallet to the test and suggests improvements -- Drop Labs | Payments 2.0 | Scoop.it

Summary: Cherian Abraham Principal Analyst - Mobile Commerce & Mobile Payments -- used a 900 mile vacation roadtrip in the US to put the Google Wallet he installed on his new Samsung Galaxy Nexus to the test. He found that contactless payment with Google Wallet and MasterCard PayPass does work and that it can even be fun. Yet, mobile payments require serious improvements, notably: value added services such as geolocalized couponing and seamless communication through the payment ecosystem.

 

My comment: This blog post has been widely quoted, notably by ReadWriteWeb which was then curated by Trap.it (a competitor of Scoop.it). Better go to the source and read from the expert himself. An earlier report on mobile payments by Cherian Abraham can be downloaded at: http://www.droplabs.co/wp-content/uploads/2011/11/Emerging-Mobile-Payments-landscape.pdf

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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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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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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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YESpay and YES-wallet.com Partner to Deliver Cloud Based NFC Contactless ... - PR Web (press release)

YESpay and YES-wallet.com Partner to Deliver Cloud Based NFC Contactless ... - PR Web (press release) | Payments 2.0 | Scoop.it

By integrating YES-wallet ... with YESpay EMBOSS payment service, both companies will provide a cloud service based e-Money/pre-paid/gift-card payment platform that allows ... payment ... on NFC smartphones based on Visa PayWave and MasterCard PayPass standards. I

 

In the near term, both companies will focus on ... closed-loop e-Money applications on
behalf of Enterprises. In the future, ... on .... partnerships with bank card issuers and enterprises issuing Visa and MasterCard"

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Google Wallet for Merchants: Frequently Asked Questions | First Data

Frequently asked questions by merchants & business owners about the hardware and technology required for accepting Google Wallet near field mobile payments on Android devices.

Note: Very clear FAQ, well done! 

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DeviceFidelity, MasterCard Launch MONETO a Mobile Payment Solution for iPhones - American Banker

DeviceFidelity, MasterCard Launch MONETO a Mobile Payment Solution for iPhones - American Banker | Payments 2.0 | Scoop.it

"DeviceFidelity ... has partnered with Spring Card Systems to create a mobile payment app [called moneto] that works with DeviceFidelity's microSD card and communicates with MasterCard PayPass point-of-sale terminals."

 

Comment: article highlights the potential advantages of microSD-based contactless payments over SIM card-based solutions, for example for phones that are not NFC enabled.

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