Mobile payments tokenization standard sought by credit card giants

mobile commerce payments smartphone shopping

Visa, MasterCard, and American Express have announced their new proposed framework. The three credit card giants, Visa, MasterCard and American Express have unveiled a newly proposed framework for a global standard that would boost digital and mobile payments security, and that would simplify the experience of completing a transaction while shopping over a smartphone, tablet, laptop, or other connected device. The lack of a standard of this nature has been considered a considerable barrier to m-commerce. By developing a global standard, it will make it possible for a whole new…

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Google Wallet draws interest but no decisions from Amex

retail Mobile payments American Express

American Express has yet to commit itself to any agreements. As of August 1, 2012, Google Wallet had already announced that it has solidified an agreement with American Express, but it may not have been entirely truthful. Nothing is official quite yet between Amex and the mobile payment program. In the Google Wallet blog, on the first of the month, it was suggested that there was a relationship between itself and American Express that was much more solid than the actual truth. It indicated that its app “supports all credit…

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American express encourages mobile commerce through consumer data for brands

Mobile Commerce

AMEX plans to offer its “spend graph” database information to help companies customize their mcommerce American Express group president, Dan Schulman spoke in London at the Open Mobile Summit, and stated that the credit card giant is moving in the direction of the development of a mobile commerce ID that can be used by consumers, to provide a total of their totals as well as the brands to which they have the greatest loyalties. AMEX partner brands could use this information for better targeting of smartphone consumers. This will help…

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American Express cardholders to use Isis Mobile Wallet

retail Mobile payments American Express

U.S. Consumer OPEN Serve and Small Business cards are now available in the mobile payment joint venture. American Express has announced that its mobile wallet joint venture with T-Mobile USA, AT&T Mobility, and Verizon Wireless, called Isis, has now entered into an agreement that will allow the U.S. Consumer, OPEN Serve and Small Business Cards to be available. The cardholders of American Express products will be able to use their NFC smartphones this year. It will begin with the first cities of Austin, Texas and Salt Lake City, Utah, which…

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Amex and Globe GCASH partner for online payment solution development

Google Mobile Commerce News

Philippine telco giant Globe Telecom m-commerce subsidiary, G-Xchange, Inc., has announced that it is beginning a partnership with global payment and network services giant, American Express, in order to create a new online payment solution. This solution will be designed to allow smartphone owners to use their Globe GCASH mobile wallet to purchase apps, movies, music, and games, as well as other goods and services from American and British websites that accept American Express, such as for toys, clothing, and electronics. This will allow people in the Philippines to shop…

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Amex makes large step into making its digital wallet international

Mobile-Commerce

American Express has announced that it will be making an important move to widen the reach of its digital wallet, Serve, into the international marketplace. This move makes Amex the first credit card company to launch a global partnership for the digital wallet with Lianlian Group, one of the top mobile payments providers in China. Furthermore, American Express has also invested $125 million in equity into Lianlian Pay. The Serve digital wallet is an integration of a number of different types of payment option into one account for the user,…

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American Express makes moves toward greater mobile expansion by way of acquisitions

retail Mobile payments American Express

According to its executive vice president, David Messenger, American Express Co. has been seeking certain sizeable international acquisitions in order to assist in its efforts to take advantage of a spike in demand for online commerce and mobile payments in emerging markets. Based on purchases, Amex is the largest issuer of credit cards in the world. Based in New York, it is now looking into deals in China and other developing regions, and, according to Messenger, it wants to make purchases of and investments into startups in Silicon Valley that…

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Isis and Google clash for supremacy of the mobile commerce industry

Mobile Commerce Industry

With the launch of Google’s much hyped Google Wallet mobile payment platform, the tech-giant may be confronted with some stiff opposition. Isis, a coalition of telecommunications companies that are bent ruling the mobile commerce industry, continues to gain momentum amongst financial service companies upon whom the fate of mobile payments rests. The companies behind Isis—Verizon Wireless, AT&T and T-Mobile – recently invested more than $100 million into the project in the hopes of expanding the reach of the platform. The investment seems to be paying off as a number of…

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Visa’s strategy for mobile payment domination

Visa Mobile Payments News

Credit card and other large companies are diving into mobile and digital payment technologies head first, forming aggressive strategies with purchasing and partnerships in order to ensure their space at the top of the game. Both American Express and MasterCard have been making deals and have been choosing the technologies that they believe will lead the way for mobile payments. Visa has also made as series of significant moves recently, which include the assumption of an advisory position in Square (a disruptive startup), the $110 million acquisition of Fundamo (a…

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