NACHA has now come up with the bill payment standard that has been long awaited. NACHA – the Council for Electronic Billing and Payment (CEBP) at the Electronic Payments Association – has now unveiled the long awaited guidelines for using QR codes for bill payments purposes. This was a collaborative effort in order to allow companies to take this mobile step forward. It is only the most recent of NACHA’s efforts to continue to offer the industry for electronic payments a new cutting edge product in a way that has…
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Mcommerce is receiving an important boost from MasterCard
The credit card giant is playing an important role in the growth of the smartphone shopping environment. As a part of the effort to boost mcommerce, MasterCard Inc. has now released the Software Development Kits (SDKs) for the Mobile MasterCard PayPass User Interface. The SDK offers a full next generation digital range of submission and authorization solutions. Through the SDK, there is assistance for the new applications that are being offered by the operators of the mobile networks, as well as the issuers and the third party software developers for…
Read MoreMobile payments have barely started but are already swamped with competition
Consumers are increasingly using their smartphones to pay for purchases. An ever increasing number of merchants and consumers alike are experimenting with different ways to pay for items that include mobile payments among the available options. A wide range of new options are beginning to open up at restaurants, bars, and shops of all kinds. Even though the mobile payments industry is still in the earliest part of its fledgling stage, the growth of its adoption is rapid, which is leading to notable competition among providers of these services. New…
Read MoreVisa says mobile payments won’t lead to EM cards’ demise
An executive from Visa has reported that EM cards aren’t doomed due to the rise of mobile payments. The head of Visa Inc.’s non-U.S. operations has released a statement while in Singapore, saying that there is still a future in plastic credit cards, despite the growth and aggressive promotion of mobile payments and their various platforms. Even though there has been a tremendous rise in the number of systems catering to smartphones – particularly in emerging markets such as India and Indonesia – the fact that these same nations are…
Read MoreOrange expands availability of Quick Tap application to Android devices
Quick Tap to enter the Android market UK telecommunications company Orange has announced that its popular Quick Tap NFC service will find its way to some Android mobile devices in the coming weeks. Quick Tap was the first NFC service to come to the UK and is the result of a partnership between Orange and Barclaycard, one of the country’s largest financial institutions. Quick Tap has been somewhat popular in the UK for its ability to facilitate mobile payments. The availability of the Quick Tap application was limited, however, and…
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