Payments 2.0
13.3K views | +0 today
Follow
Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
Your new post is loading...
Your new post is loading...
Scooped by Therese Torris
Scoop.it!

PAYware: VeriFone's mobile POS - Contactless Intelligence [VIDEO]

In this demo, discover how VeriFone's award winning PAYWare Mobile Enterprise device can process secure mobile payments on Apple devices. Learn the components ...

Therese's comment: the solution based on an iPhone case which contains all the add-on payment apps (code bar scanner, swipe and EMV Card reader, signature and card pin entry...) seems quite complete and very similar to Ingenico's iSMP mobile POS http://www.ingenico.com/zee_uploads/all/all/gallery_gallery/2608/ismp-datasheet.pdf

It would be most interesting to know how the total cost of ownership of these systems compares with services a la SQuare and PayPal.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

SEC filing fans rumors of mobile wallet for iPhone 5 - Network World

New SEC filings suggest Apple pushed hard to quickly close either a licensing or acquisition deal with embedded security vendor AuthenTec, leading a range of bloggers and pundits to conclude that Apple plans to introduce AuthenTec's fingerprint sensor in the upcoming iPhone 5, and possibly a full digital "wallet" capability. [...]

The fingerprint sensor, many speculate, will be a key part of a full-fledged mobile "digital wallet" using a near-field communication (NFC) radio link to trigger purchases by...
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

A tale of two iPhones — what an NFC-equipped iPhone would do to the mobile ... - VentureBeat

A tale of two iPhones — what an NFC-equipped iPhone would do to the mobile ... - VentureBeat | Payments 2.0 | Scoop.it
[...] One of the big iPhone rumors (don’t worry, it’s not a stylus) is whether or not Apple will go “all in” on the payments game. It’s set itself up pretty well with its Passbook app, which is designed to store all kinds of information from plane tickets to loyalty cards, but not optimized to let consumers actually complete the act of paying for something...

Therese's comment: rumors and speculations are heating up! Apple IOS market share is rock solid and any move from Apple is decisive for the future of mobile payment solutions
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

A Piece of the Digital Wallet Pie… Also Known as Greed

A Piece of the Digital Wallet Pie… Also Known as Greed | Payments 2.0 | Scoop.it
Therese's summary: The Gadget Mom is keen to use Nfc payments, but she discovers that she can't use her Google wallet on her new Samsung Phone because Verzon blocks it. She has no kind words for Serve by Amex.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dunkin' Donuts Launches Mobile Payment App | Mobile Marketing ...

Dunkin' Donuts Launches Mobile Payment App | Mobile Marketing ... | Payments 2.0 | Scoop.it
[...] Following the news last week that Starbucks will integrate Square for mobile payments at 7,000 of its coffee shops around the country, Dunkin’ Donuts is following a similar course.
On Thursday, Dunkin’ Donuts launched its first-ever mobile application for payment and gifting for iPhone, iPod touch and Android smartphones...
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Warsaw transit deploys contactless payments to all buses and trams ...

Warsaw transit deploys contactless payments to all buses and trams. Contactless News The contactless-enabled ticket machines, provided by First Data Corporation, came into operation and were most recently put to use ...
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Is Square Going To Lose Money With Its New Pricing Plan?

Is Square Going To Lose Money With Its New Pricing Plan? | Payments 2.0 | Scoop.it

Therese's summary: Square new flat fee of $275/month makes sense for small businessse that process more than $10,000/m and less than $20,333 on average ($250,000/year being the upper limit set by Square to benefit from the flat fee deal). This post reminds us that Square will have to pay 1.65% for credit card processing in any case and hence will loose money on the merchants that are on the upper side of this scale.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Mobile POS: PayAnywhere iOS App Gets a Performance Boost - InternetRetailer.com

The app is packed with all the bells and whistles a merchant needs, coupled with 24/7 customer support, for the most feature-rich mobile POS solution available for merchants of any size.”...
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Starbucks + Square = End of NFC Payments? – Erik Wullschleger

Starbucks + Square = End of NFC Payments? – Erik Wullschleger | Payments 2.0 | Scoop.it
People always look twice when I tap my phone and their register tells them that the transaction is complete. Unfortunately, that reaction is also a sign of the current success of the NFC Payment eco-system in the US….it's still a work in progress.

Therese's comment: author argues that Starbucks+square are improving the broader payment experience whereas the added value of NFC payments to consumers is questionable
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Big retailers to take to mobile payments: WSJ - Reuters

Big retailers to take to mobile payments: WSJ - Reuters | Payments 2.0 | Scoop.it
Big retailers such as Wal-Mart Stores, Target Corp and Japan's 7-Eleven are planning to develop a mobile payment network, the Wall Street Journal reported, citing people involved in [...] "These big retailers are doing this because they are not happy with the solutions being pushed on them by the market," said Rick Oglesby, a payments expert at consulting firm Aite Group....

Therese's comment: Retailers that have 2% to 4% net margin are not amused By the idea of surrendering 2.75% to old and new payment processors like Visa & Square
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Two new(ish) reports on new payments systems by Javelin Research

August 2012: Account‐to‐account (A2A) and person‐to‐person (P2P) transfers: Ermerging players pose threat to PayPal

Account‐to‐account (A2A) and person‐to‐person (P2P) transfers have greatly expanded in functionality in recent years, enabling consumers to complete over $195 billion in domestic transfers in the past year. P2P transfers [...] moved more aggressively toward delivery through electronic channels [...] potential to provide important revenue for FIs and vendors alike.

https://www.javelinstrategy.com/brochure/259

 

July 1012: VIRTUAL CURRENCIES: A Global Gamble

[...] With the ability to cross channels and support online, mobile, and POS commerce, virtual currencies can be readily extended to a variety of environments. But, in the process, these currencies and providers — including Bitcoin, Facebook Credits, Ven, zCoins, World of Warcraft Gold, and PlaySpan — have garnered the attention of regulators, crime enforcement, and traditional payments service providers as each struggles to understand these currencies’ potential implications. This report details some of the issues and threats surrounding this emerging payments market.

https://www.javelinstrategy.com/brochure/258

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Israel GetTaxi launches mobile payment service - Globes

Israel GetTaxi launches mobile payment service - Globes | Payments 2.0 | Scoop.it

Taxi Ltd. has upgraded its taxi calling app to include direct payments via mobile phones. Users upload their credit card data just once, and then can pay the taxi fare with the press of a key...

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

The Digital Wallets Wars Are the Next Phase of the Payments Industry Transformation | Forrester Blogs

The Digital Wallets Wars Are the Next Phase of the Payments Industry Transformation | Forrester Blogs | Payments 2.0 | Scoop.it

In this August 2, 2012 blog post, Forrester analyst Denée Carrington summarizes the conclusions of her report titled “Why The Digital Wallet Wars Matter"

- Hardware-agnostic mobile digital wallets face fewer hurdles than NFC-based wallets and will have faster adoption.

- Digital wallets will be a wedge between card issuers and consumers, and the wallet operators will charge them for the privilege.

- Winning wallets will be convenient to use, contextually relevant, with a compelling experience.

 

She defines a digital wallet as:

A digital service — accessed via the web or a mobile application — that authorizes payment transactions from one or more payment sources and facilitates other commerce-related features, such as offers, coupons, loyalty rewards, electronic receipts, and product information.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

MTN customers to pay ZESCO prepaid Bills on celphones | Zambian ...

MTN customers to pay ZESCO prepaid Bills on celphones | Zambian ... | Payments 2.0 | Scoop.it
Zambia's Mobile Network firm -MTN has announce the launch of ZESCO Prepaid Bill payments on its Mobile Money transfer programme. MTN Zambia has partnered with ZESCO to offer Mobile Money services that will allow ...

Therese's comment: in Africa most people pay their electricity bills strictly on a Pay-As-you-go basi. (They used to have coin operated meters). The article provides a view on the bill payment fees that range from more than 6% for small bills to less than 0,6%!for large bills. As always, it's expensive to be poor and have a small bill !
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

How Mobile Payments Work at the Point of Sale

How Mobile Payments Work at the Point of Sale | Payments 2.0 | Scoop.it
Reviews the different types of technologies used in mobIle payments that can be initiated from a mobile POS phone or a tablet: NFC, RFID, BAR CODE....
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

With Discover, will Google get the traction it needs for Wallet? - ZDNet

With Discover, will Google get the traction it needs for Wallet? - ZDNet | Payments 2.0 | Scoop.it
The pressure on Google increased after Apple introduced PassBook as part of its iOS 6 preview. In this case, however, it's not a matter of technology or services support, but customers: which banks and credit card companies will each tech company partner with to build out its digital wallet?

To date, Google has Citibank (which uses Mastercard) and now Discover in its corner. Visa, American Express and others have yet to pick a side -- though each of those companies is developing its own digital wallet of sorts (V.me and Serve, respectively). And then there's PayPal and other web-first services.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Mobile Payments Expected to Reach $1.3 Trillion Annually by 2017- Juniper Research

Mobile Payments Expected to Reach $1.3 Trillion Annually by 2017-  Juniper Research | Payments 2.0 | Scoop.it
The rapidly expanding mobile payments market is expected to soar higher as a new report has emphasized that the NFC value chain is making some decisive moves. According to a report by Juniper Research

Direct link to the report brochure:
http://www.juniperresearch.com/reports/mobile_payments_strategies
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Braintree expands mobile payment ambitions; acquires Venmo - GigaOM

Braintree expands mobile payment ambitions; acquires Venmo - GigaOM | Payments 2.0 | Scoop.it
Braintree, the quiet payment processing force behind many of the hottest online startups, has been pushing hard on mobile payments, which has been the fastest-growing part of its business. It is now acquiring Venmo, a mobile peer-to-peer payment system that worked via SMS.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Square Lets Merchants Forgo 2.7% Swipe Fees for $275 Monthly Charge - Business Week

Square Inc., the mobile-payment startup founded by Jack Dorsey, is giving small merchants more flexibility in how they pay for credit-card transactions, increasing competition with PayPal’s rival card reader...

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Payment startups clash: Cease-and-desist letter from iZettle forces Settle to change name to Droplet

Payment startups clash: Cease-and-desist letter from iZettle forces Settle to change name to Droplet | Payments 2.0 | Scoop.it
Earlier this year, Swedish mobile payments company iZettle sent a cease-and-desist letter to scrappy UK startup Settle, which is behind a mobile money app currently being trialed with ...
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Square and Starbucks Lead Transition to Mobile Payments - Forbes

Square and Starbucks Lead Transition to Mobile Payments - Forbes | Payments 2.0 | Scoop.it
ForbesSquare and Starbucks Lead Transition to Mobile PaymentsForbesStarbucks was an early adopter of mobile payments with its own proprietary smartphone app that displays a bar code on your phone that can be read by a scanner at most Starbucks...
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Payments Network Takes On Google - Wall Street Journal

Payments Network Takes On Google - Wall Street Journal | Payments 2.0 | Scoop.it
Wall Street JournalPayments Network Takes On GoogleWall Street JournalMore than a dozen big merchants are expected to announce Wednesday their plans to jointly develop a mobile-payments network that would battle similar services from Google Inc.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Engineering a Mass-Market Payment Revolution

Engineering a Mass-Market Payment Revolution | Payments 2.0 | Scoop.it
Aug 14 2012 "Make it painless, and make it worth the consumer's while."

Seth Priebatsch founder of SCVNGR, the parent company of payment network LevelUp, shares his opinion of what it would take to drive mass adoption of mobile payments and why established banks and credit card companies can't provide it because it would mean giving up much of their fees.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

The Financial Services Club's Blog: Square shakes up the mobile payments world more than most

The Financial Services Club's Blog: Square shakes up the mobile payments world more than most | Payments 2.0 | Scoop.it

Therese's comment: Chris Skinner of the UK' Financial Services Club reviews mobile payment news: Google, Carriers, Credit Cards Unite on Mobile Payments Committee How Cheap NFC Changes the Mobile Payment Race What Square’s Starbucks Deal Means For Mobile Payments And An...

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Smart Card Alliance forms US EMV migration forum

Smart Card Alliance forms US EMV migration forum | Payments 2.0 | Scoop.it

To launch the formation of the new EMV Migration Forum organization, the Smart Card Alliance has scheduled its first meeting for September 12-13, 2012, at MasterCard Worldwide headquarters in Purchase, New York. During this initial meeting, participants will learn about member benefits and member participation in Forum governance, discuss the priorities for organization activities and launch its first working committee projects.

more...
No comment yet.