Mobile Commerce

Privaris Inc. expects to begin pilots for a biometrically secured contactless-payment fob in both physical point-of-sale and Internet payment applications by year's end, an executive with the Charlottesville, Va.-based company says. While the device, which Privaris announced last week as the first contactless key fob secured by fingerprint ID, has …

Mobile gambling, which doesn't now exist as a market in North America, will grow to $3.34 billion in revenue by 2011, accounting for 14% of a $23.2 billion world market, according to research released this week. Driving this growth, says Juniper Research Ltd., which published the research, are the rapid …

Hoping to take advantage of the related trends in mobile commerce toward so-called off-portal business and direct-to-bill payments, international m-payments processor Valista Ltd. has introduced a new version of its transaction-processing engine, which is aimed primarily at mobile-network operators and Internet Service Providers. The latest release of the engine, called …

The youth market may not be the slam dunk for mobile payments that payment processors, card issuers, and merchant acquirers have thought it would be. According to survey results released this week, some 62% of persons aged 16 to 43?the so-called Gen X and Gen Y?say that using cell phones …

The recent launch of mobile-payment services based on short-message service (SMS) transmissions is casting a spotlight on specialist gateways that provide links from payment processors to wireless carriers. One, MX Telecom Inc., counts among its clients both PayPal Mobile, which PayPal Inc. launched earlier this month (Digital Transactions News, April …

PayPal Inc, which earlier this month announced its foray into mobile payments based on short-message service transmissions (Digital Transactions News, April 6), continues to build transaction volume at double-digit rates in its core e-commerce business, though it remains dependent on parent eBay Inc. for the bulk of its traffic. In …

PayPal Inc. today officially joined the race for mobile-phone transactions, announcing the commercial availability of its much-anticipated PayPal Mobile service. The product, word of which leaked two weeks ago while the San Jose, Calif.-based processor was testing it with its own employees and those of parent company eBay Inc., comes …

Seeking to remove a roadblock standing in the way to eventual mass consumer usage of mobile phones equipped with a form of contactless technology called near-field communication (NFC), MasterCard International this week unveiled a service that will allow cell-phone users to download their account data and other critical information to …

Despite low adoption so far, video delivered via mobile phones will generate $501 million in annual revenue by 2010, up from $62 million last year, according to a new study from JupiterResearch, New York. A total of 41% of cell-phone users surveyed indicated interest in receiving some form of video …

PayPal Inc.'s new payment service for mobile phones, which the eBay Inc. processing unit is expected to launch commercially within a few weeks, will have to offer more than basic person-to-person payments to be a success, one expert observer says. “I think it will need to go beyond just P2P …