Digital Transactions Authoritative, insightful and timely information for payments professionals
n n n n n n n n
Read More »First Checks, Now Cards: How Entrepreneurs Are Harnessing Cameras for Payments
n Jumio Inc., a startup based in Mountain View, Calif., this week introduced a system that lets consumers scan credit and debit cards using the Webcam built into many PCs. The launch follows a similar application introduced earlier this year by Card.io, San Francisco, that lets mobile phones scan …
Read More »PayPal Will Process POS Payments for up to 20 Merchants in 2012, eBay Chief Says
PayPal Inc. will roll out mobile payments at the point of sale with as many as 20 retailers next year following a pilot set to start later in 2011, the chief executive of eBay Inc., PayPal’s parent company, said late on Wednesday. Speaking to stock analysts as part of …
Read More »Smart Phones Sell Like Hotcakes, But Mobile Banking Cools off
n That’s the conclusion of a report released this week by Javelin Strategy & Research, Pleasanton, Calif. In it, Javelin analyst Philip J. Blank notes that mobile-banking adoption among smart phone users has leveled off even though consumers continue to snap up the gadgets at a furious rate. A …
Read More »Isis Now Counts Visa, MasterCard, Discover, And AmEx As Network Partners
Rebounding after abandoning plans to build a proprietary merchant network, the Isis mobile-payments joint venture of three leading telecommunications companies on Tuesday said it had enlisted the support of the four major general-purpose card networks in the U.S. The announcement marks an advance by the venture backed by AT&T, …
Read More »Rosy Predictions Aside, Mobile Payments Boom Still Years off, Experts Say
n n n n n n n n n
Read More »With $5 Million Round, Mobibucks Is Latest NFC Alternative to Draw Investors
While point-of-sale payments using near-field communication (NFC) technology appear to be drawing closer, systems that let consumers make mobile payments in stores without NFC are drawing investor interest. This week, Mobibucks, a Louisville, Ky.-based startup, announced a $5 million Series A funding round led by Acadia Woods Partners. The …
Read More »Deal for Zong Hands PayPal New Funding Option for Mobile Payments
n n n n n n n n n
Read More »Intuit Buys Technology from Citi-SK Telecom Venture to Speed up Mobile Launches
n Intuit announced late on Monday that it had acquired the mobile Web platform developed by San Mateo, Calif.-based MMV, a joint venture formed in 2008 by Citigroup Inc. and SK Telecom, a major South Korean telecommunications company, to offer mobile-banking capability worldwide. Intuit, which had been licensing the …
Read More »Regulators Update Online-Authentication Guidance, But What About Mobile?
Federal banking regulators on Tuesday updated their 2005 guidance about authentication for Internet banking. Officially a supplement to the original guidance, the new document addresses social media, malware, and other security issues that have cropped up in recent years. It also allows financial institutions about seven months to comply. …
Read More »