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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US becomes Visa's largest chip card market but the switch to EMV has been far from plain sailing

US becomes Visa's largest chip card market but the switch to EMV has been far from plain sailing | Payments 2.0 | Scoop.it
A year after the official launch of chip payment technology in the US, Visa is claiming steady progress, with the country already its largest EMV car
Therese Torris's insight:
Rocky transition
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Visa in talks over $20bn Visa Europe acquisition

Visa in talks over $20bn Visa Europe acquisition | Payments 2.0 | Scoop.it

Finextra: Visa Inc is in talks with European banks about buying back its former subsidiary Visa Europe for as much as $20 billion, according to Bloomberg.

Therese Torris's insight:

Payments 1.0 wakes up

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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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Visa V.Me, Adds Bank Of America in the US

Visa V.Me, Adds Bank Of America in the US | Payments 2.0 | Scoop.it

TechCrunch: [...] The Bank of America deal is significant in that it is one of the largest banks in the U.S. with 30 million active users of its online banking service and 55 million overall. And Bank of America is also itself working on a mobile payments solution — a Square-like mobile payment service called MobilePay on Demand, with a dongle that attaches to a smartphone and targeting smaller businesses. Bank of America’s scale and suite of services could spur more retail deals for V.me as well....

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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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Visa Europe becomes Telefónica's strategic partner in Europe - RFPConnect.com

Visa Europe becomes Telefónica's strategic partner in Europe - RFPConnect.com | Payments 2.0 | Scoop.it

The agreement will see both companies co-invest in the development of innovative products and services in areas such as mobile wallet, contactless payments (NFC),...

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India is driving innovation in mobile payments: Bill Gajda, Visa's Global ... - Economic Times

"India is going to be the Visa's flagship market for mobile payments service, said Visa's Global Mobile Product head Bill Gajda.... Movida [is a]  mobile payment ... joint venture with Monetise, a technology company for mobile payments service... [Visa] bought Fundamo ... a software provider with a licence in mobile payment technology to mobile operators and banks. ... operators and banks ... set up their closed loop mobile payment systems that usually use a phone number as a stored value account on a very basic handset."

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Isis set to beat Google Wallet ahead of its release - androidandme.com

Isis set to beat Google Wallet ahead of its release - androidandme.com | Payments 2.0 | Scoop.it

"Not only is Isis backed up by three major US carriers, but there are also agreements in place with Visa, Mastercard, Discover and American Express. Google Wallet is only working with [Sprint and] Mastercard at the moment...."

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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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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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Monitise and Visa launch mobile payments platform in India | Mobile content industry news | Mobile Entertainment

Monitise and Visa launch mobile payments platform in India | Mobile content industry news | Mobile Entertainment | Payments 2.0 | Scoop.it

" Mobile Payment Platformwill allow users to pay bills, buy tickets and top-up airtime."

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Forget the NFC argument - look at payments behavior - community blog from Brett King

Forget the NFC argument - look at payments behavior - community blog from Brett King | Payments 2.0 | Scoop.it

"If Visa and Mastercard don't convert their networks to phone-capable in the next 24 months, I fear Square, PayPal, iTunes and a myriad of others are just waiting in the wings to circumvent their rails."

 

Comment: Great provocative article.

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Visa Europe to Test Dongle-Based iPhone NFC Mobile :Payments

Visa Europe surveyed 4200 people in four different European nations and found that 57 percent of iPhone users among the respondents said they'd "definitely" or "probably" use Visa's mobile payments platform on their iPhone if they could.
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Visa takes on M-Pesa with Kenyan mobile payments service

Visa takes on M-Pesa with Kenyan mobile payments service | Payments 2.0 | Scoop.it
Visa is teaming up with several Kenyan banks on a service that aims to break M-Pesa's stranglehold on the country's mobile payments market.
Therese Torris's insight:
Very late in the game...
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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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US Retailer sues Visa for lifting $13 million unjustified penalties in alledged PCI data security breach

US Retailer sues Visa for lifting $13 million unjustified penalties in alledged PCI data security breach | Payments 2.0 | Scoop.it

Finextra: US retailer Genesco is suing Visa to recover more than $13 million in penalties it was hit with for a 2010 data breach.

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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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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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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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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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Vodafone and Visa forge NFC partnership | News | Marketing Week

Vodafone and Visa forge NFC partnership | News | Marketing Week | Payments 2.0 | Scoop.it

MWC: Vodafone announces largest global mobile wallet tie-up.

 

One more announcement from the Mobile World Congress.

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payWave, the Olympics Payment App for Contactless Payments, To ...

Contactless payments are the future, and that future isn't too far — in fact, Samsung and Visa have already laid out plans to unveil an official app to make … www.theandroidsoul.com/paywave-android-app-for-contactles…...
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Visa and Samsung launch NFC mobile payments for London Olympics and Paralympics

Visa and Samsung launch NFC mobile payments for London Olympics and Paralympics | Payments 2.0 | Scoop.it
Visa and Samsung launch NFC mobile payments for London Olympics and Paralympics http://t.co/WMtrwlgz...
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Visa Exec Slams PayPal In-Store Payment Service - Wall Street Journal

Visa Exec Slams PayPal In-Store Payment Service - Wall Street Journal | Payments 2.0 | Scoop.it

"The comments underscore the high stakes traditional credit-card companies are placing on digital payments, a market also being targeted by the likes of technology giants Google Inc. (GOOG), PayPal parent eBay Inc. (EBAY) and Verizon Wireless."

 

Note: I'm don't subscribe to WSJ and could not read the entire article

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Visa tops one million US chip cards

Visa tops one million US chip cards | Payments 2.0 | Scoop.it
Visa (NYSE:V) today announced that U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as ...
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