Mobile Payments
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Mobile Payments
Changing face of payment
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iZettle Takes Its Mobile Payment Service To Mexico, Its First Market Outside Of Europe, And One Step Closer To Square | TechCrunch

iZettle Takes Its Mobile Payment Service To Mexico, Its First Market Outside Of Europe, And One Step Closer To Square | TechCrunch | Mobile Payments | Scoop.it
iZettle, the mobile payments company that has been described as a European version of Square, is today making a move that places it one national boundary away from the U.S.
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Royal Bank of Canada Launching Mobile Payments System - Motley Fool

Royal Bank of Canada Launching Mobile Payments System Motley Fool As mobile commerce continues to grow worldwide, Royal Bank of Canada (NYSE: RY ) this week announced its customers will be able to securely purchase goods and services with debit or...
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Apple's next trump card is mobile payments - MSN Money

Apple's next trump card is mobile payments - MSN Money | Mobile Payments | Scoop.it
Apple's next trump card is mobile payments
MSN Money
Apple's Passbook app, a digital wallet that stores your loyalty cards and vouchers, was the company's first venture into the mobile payments space.
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Mobile Payments More Secure Than Credit Card: Ready: Video

Mobile Payments More Secure Than Credit Card: Ready: Video | Mobile Payments | Scoop.it
Bill Ready, CEO of Braintree Payment Solutions, discusses the safety and security of mobile payments versus using a bank card. He speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg) (.
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Are NFC payments dead? - Forbes

Are NFC payments dead? - Forbes | Mobile Payments | Scoop.it
Are NFC payments dead?
Forbes
The new generation of smartphones running the Android operating system come loaded up with special equipment, called NFC chips, that theoretically would allow for those phones to be used as payment device.

Via Paulo Gervasio
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Paulo Gervasio's curator insight, May 11, 2013 11:56 PM

Forbes does not really say it is dead. Personallly I think it is undergoing a slow start particularly with Apple out of the mix and Android having all these very public security issues.

 

Mobile provider (Telco)'s role

 

I do not agree with the author's view on the role of telcos, the Telco's role is more than just transferring some bytes. the fact is - with SIM Cards they have already been using the imbed secure element (paired encryption key) in authenticating identities (aka phone numbers and relating them to a billing address, identification) for a long time.   I have been talking with some of them a decade back (during the time that PKI was a hot topic) and these guys have been positioning themselves for mobile payments for a long time (ISIS is a result).  In fact, don't you think it is more convenient for people to deal with fewer  bills per month by having their mobile bill integrated with payment/ credit.   To do so. will require simply 3rd party credit verification services and assignment of credit limits.

 

          The telco's weakness in the area is that they are not local banks. They are neither licensed nor equipped to handle corporate accounts and services (specially moving funds around several specialized accounts (e.g. payroll, treasury/ investments, trading, loans)  in support of corporate operations. They are not equipped to handle payment contentions and many more.  

 

Can the banks do it without the telco's -

 

     Certainly, but so can the telcos do it without the banks. but at its most efficient, the local banks and the local telcos using the telco's network or Credit card distributed global services will do it best. 

 

What about Google Wallet and Samsung Visa. 

 

    I believe that among all NFC providers the weakest will be Google and Samsung (even with Visa on board) . They have a lot of growing up to do to get into the position to take business away from the local banks and telcos, frankly I believe they will fail in at least one of the following: 

 

1. Get required licenses for an integrated operation particularly as they will be required to comply with local laws particularly those that involve  money laundering, local ccurrency reserves etc.

 

2. Building a workable centralized global payment operation from almost zero is hard work and the risk is mind boggling.   A distributed structure for authentication and repudiation do exist and that is the local banks with Visa, Master Card, Amex, etc.  distributing the transactions. Although Credit cards control network traffic, the fact is the work (authentication, payment, biling)  is distributed among franchise holders except for Amex which maintains a local operational presence.  

 

Google does have local presence globally as it maintains local offices to handle its ad business. It also has a huge number of personal GMail accounts,   but going from what they have to global payments is something else, which I doubt they are equipped for. 

 

The VIsa Samsung plan may succeed depending on the participation of lcal banks (Visa Franchisee). Samsung is an industrial operation however. a big factor is how the authentication infrastructure will be designed, a distributed model will work a centralized one is risky. I do not believe Samsung is ready to do this. Visa with the local banks - maybe. Visa by itself is not ready either. 

 

If you leave out the telco's what do you think will happen?

 

For one they will do everything to get into it before they drop their payment dreams (including obstruction), after all they subsidize our mobile phones and they have control over the network, Guess what? it is happening in various degrees world wide already.

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5 Reasons to Implement Mobile Payment Processing - QR Code Press

5 Reasons to Implement Mobile Payment Processing - QR Code Press | Mobile Payments | Scoop.it
QR Code Press
5 Reasons to Implement Mobile Payment Processing
QR Code Press
QR Code Press. World Leading News on Mobile Commerce Trends.

Via Paulo Gervasio
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2013 - Five-Year Forecast: The mPayments Landscape | PYMNTS.com

2013 - Five-Year Forecast: The mPayments Landscape | PYMNTS.com | Mobile Payments | Scoop.it
As mobile and commerce continue to intersect, more and more players from various industries are all fighting over the biggest piece of the mPayments pie.
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Yep, It’s Coming: Google Wallet’s Help Site Mentions The “Google Wallet Card” | TechCrunch

Yep, It’s Coming: Google Wallet’s Help Site Mentions The “Google Wallet Card” | TechCrunch | Mobile Payments | Scoop.it
Just in case you needed more proof that the leaked news revealing a forthcoming physical Google Wallet Card is indeed legit, you can just visit Google's own Help section on its Google Wallet website to catch a reference to the yet-to-be announced...
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The Need For Mobile Money Spawns A Startup Ecosystem Across Africa | TechCrunch

The Need For Mobile Money Spawns A Startup Ecosystem Across Africa | TechCrunch | Mobile Payments | Scoop.it
Editor’s Note: Vanessa Clark is the co-founder of Mobiflock, a mobile safety and security company offering parental control services for smartphones and tablets. She is involved in the mobile industry in Africa.
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The Most Affordable Methods for Accepting Credit Card Payments - Business 2 Community

The Most Affordable Methods for Accepting Credit Card Payments - Business 2 Community | Mobile Payments | Scoop.it
The Most Affordable Methods for Accepting Credit Card PaymentsBusiness 2 CommunityPayPal is a great alternative to merchant accounts, provided you are selling is relatively inexpensive.
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Carrier-Led Mobile Payments Venture Isis Launches In Austin & Salt Lake City

Carrier-Led Mobile Payments Venture Isis Launches In Austin & Salt Lake City | Mobile Payments | Scoop.it
As previously rumored, the carrier-led mobile payments venture known as Isis has officially launched in its first two test markets today: Austin, Texas and Salt Lake City, Utah.
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Anything but PayPal: Dwolla now lets you pay up to 2,000 people in ...

Anything but PayPal: Dwolla now lets you pay up to 2,000 people in ... | Mobile Payments | Scoop.it
Dwolla today announced that it is taking its fight with PayPal to the next level with a feature that lets you pay multiple people at once. PayPal has Mass Payment (pay up to 250 people in just one click) and now Dwolla has the ...
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Braintree’s Payments Platform Launches Across Europe And Canada | TechCrunch

Braintree’s Payments Platform Launches Across Europe And Canada | TechCrunch | Mobile Payments | Scoop.it
As promised earlier this summer, the Accel-backed payments platform Braintree is opening up its doors to non-U.S. merchants for the first time, with the launch of its service across Europe and in Canada.
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RBC and Bell bring another mobile payment scheme to Canada - Mobile Payments Today

RBC and Bell bring another mobile payment scheme to Canada - Mobile Payments Today | Mobile Payments | Scoop.it
MobileSyrup.com
RBC and Bell bring another mobile payment scheme to Canada
Mobile Payments Today
The Great White North is getting another mobile payment scheme, a partnership between the country's largest bank and its largest carrier.
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Google Wallet kills plans for a plastic card - Mobile Payments Today

Google Wallet kills plans for a plastic card - Mobile Payments Today | Mobile Payments | Scoop.it
Android Community Google Wallet kills plans for a plastic card Mobile Payments Today Presumably, those updates will push the product back towards its original goal of becoming not just a payment method, but a conduit for Google to leverage purchase...
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Ariba launches AribaPay: a PayPal for B2B payments [bonus: infographic] - E-invoicing Platform

E-invoicing Platform Ariba launches AribaPay: a PayPal for B2B payments [bonus: infographic] E-invoicing Platform AribaPay via the Discover Network will enable a buyer to initiate an electronic payment from its bank account, which Discover will...
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14 Ways to Accept Mobile Payments

14 Ways to Accept Mobile Payments | Mobile Payments | Scoop.it
Accepting mobile payments —whether by accepting credit cards in the field or by letting users pay on-site with smartphones —is a must for businesses of all types. Figuring out w...

Via Paulo Gervasio
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Paulo Gervasio's curator insight, May 11, 2013 10:28 PM

Here's a mini compilation of available mobile payment options to date. I believe these are the US based options. There are other less known non US options and some big ones coming up particularly the upcoming Visa Samsung tieup.

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TapBase Introduces NFC-Less Proximity Payments - PRWeb - PR Web (press release)

TapBase Introduces NFC-Less Proximity Payments - PRWeb
PR Web (press release)
This will include the ability for merchants to issue their own virtual pre-paid and gift cards using QR codes, NFC and BLE technology.

Via Paulo Gervasio
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This 18-Slide Pitch Just Landed Payment Startup Dwolla $16.5 Million

This 18-Slide Pitch Just Landed Payment Startup Dwolla $16.5 Million | Mobile Payments | Scoop.it
Here's what a good investor pitch looks like.
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Flat-Fee Mobile Payments Startup Emu Expands Beyond UK: Now Accepting Card Payments In 17 European Countries | TechCrunch

Flat-Fee Mobile Payments Startup Emu Expands Beyond UK: Now Accepting Card Payments In 17 European Countries | TechCrunch | Mobile Payments | Scoop.it
Small business mobile payments startup Emu launched its flat-fee dongle-less m-payments service in the U.K. last month. Today the company has announced its opening up to accept card payments in 16 more countries in Europe.
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Yep, It’s Coming: Google Wallet’s Help Site Mentions The “Google Wallet Card” | TechCrunch

Yep, It’s Coming: Google Wallet’s Help Site Mentions The “Google Wallet Card” | TechCrunch | Mobile Payments | Scoop.it
Just in case you needed more proof that the leaked news revealing a forthcoming physical Google Wallet Card is indeed legit, you can just visit Google's own Help section on its Google Wallet website to catch a reference to the yet-to-be announced...
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With $10M In The Bank, Cardfree Launches To Take On LevelUp And Square In Mobile Payments | TechCrunch

With $10M In The Bank, Cardfree Launches To Take On LevelUp And Square In Mobile Payments  | TechCrunch | Mobile Payments | Scoop.it
The mobile payments space already has its fair share of players, but lately some new names have been making big waves (like LevelUp), finally taking on veterans like Starbucks.
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O2 teams up with Visa Europe, Global Payments to debut new mobile payment service for UK businesses

O2 teams up with Visa Europe, Global Payments to debut new mobile payment service for UK businesses | Mobile Payments | Scoop.it
Building on the momentum that Square, GroupOn and PayPal are enjoying from their mobile payment services for businesses in North America, O2 has today debuted its new Mobile Point ...
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PayPal Expands Offline Presence With MoneyGram Partnership

PayPal Expands Offline Presence With MoneyGram Partnership | Mobile Payments | Scoop.it
PayPal announced Monday that it is partnering with MoneyGram, a money transfer company, to give PayPal users the option to deposit and withdraw funds from their accounts from many of MoneyGram's (I'm a PayPal user, are you?
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Rixty, The Cash-Based Payment Platform For Games, Takes Majority Investment From Friendster Owner MOL

Rixty, The Cash-Based Payment Platform For Games, Takes Majority Investment From Friendster Owner MOL | Mobile Payments | Scoop.it
Some consolidation afoot in the world on online payments coming at you, with a little blast from our social networking past.
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