Mobile payment security concerns may affect European shoppers

mobile payment security cyber wallet

An EU agency is cautioning consumers to be aware of the threats associated with wallet apps. The European Union Agency for Network and Information Security (ENISA) has released a report cautioning consumers about mobile payment security. The ENISA report pointed to an “explosive proliferation of viruses and malware affecting mobile devices.” The report included the results of an ENISA study into the threats within the mobile wallet app environment. The study examined the types of mobile payment security threats that have been effectively holding the ecosystem back. It also underscored…

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Mobile banking at Lloyds rated higher than Barclays

mobile banking

A recent report also showed that Caixa, a Spanish bank, received the highest score. Forrester Research recently released a report that rated some of the top banks in terms of their mobile banking functionality, and among the leading names on the list, Lloyds Bank was soaring. In fact, that bank managed to score ahead of the majority of its lead competitors such as Barclays and Natwest. This data was released in the Global Mobile Banking Benchmark review that was issued by Forrester. Within it, the research firm ranked the leading…

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Mobile payments at Starbucks allow customers to leave tips

Starbucks Mobile commerce

This new function will be implemented by the summer of 2013. Starbucks has announced that its mobile payments system will soon be including a feature that will allow customers to leave a digital tip for baristas, and that this will likely become available as of next summer. A similar ability will also be available through the Square program to be implemented in November. This additional mobile payments system at Starbucks will also give customers the chance to leave tips for the baristas when they purchase their coffees. In order to…

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Digital Dining announces new Tabbedout mobile payment solution for merchants

mobile marketing on tablets

Merchants can now offer Tabbedout mobile payments from Digital Dining to consumers who want to pay with their smartphones. Top hospitality point of sale (POS) software developer, Digital Dining, has announced that it will be adding Tabbedout – a free mobile payment application – to their portfolio of products before the end of 2012’s second quarter. Tabbedout allows consumers to use their smartphones to open, view, and pay their bills. Its availability will mean that a broader segment of the hospitality industry in the United States will be able to…

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Visa says mobile payments won’t lead to EM cards’ demise

Mobile payments credit cards

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…

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Orange expands availability of Quick Tap application to Android devices

Quick Tap NFC technology service mobile payments service

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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Understanding mobile loyalty platforms that are transactional

Mobile marketing loyalty

There are many different types of transactional mobile loyalty platforms and, like the old punch card and plastic cards with the magnetic stripe, each of these new programs designed for mobile devices has their own benefits and drawbacks. Consider the following types of mobile loyalty platforms that are of a transactional nature: • Optical character recognition (OCR) mobile loyalty platforms To take advantage of these platforms, consumers must download a dedicated app into their smartphones and snap the image of each of their receipts. The concept behind this method is…

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eBay mobile payments lead to solid Q1 2012

eBay mobile payments

eBay has reported double digit increases to its mobile payment income through Marketplace and PayPal. Leader in global commerce and mobile payments, eBay Inc. has announced that its first quarter revenue for 2012 was $3.3 billion, which is an increase of 29 percent when compared to the same time last year. The eBay first quarter report indicated that the company saw a GAAP net income of $570 million, which translates to $0.44 per diluted share. It also stated that its non-GAAP net income was about $0.55 per share, at $725…

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Is NFC necessary for secure mobile payments?

Mobile commerce and the future

Or will other technology swoop in on the mobile payments market… When the topic is mobile payments, Google is quick to come to the forefront of a discussion, but as that company’s Google Wallet has been slower to catch on than some had predicted, and it is based on NFC technology, which isn’t yet available in the majority of smartphones, many are wondering whether near field communications technology is truly necessary for secure contactless payments to catch on. Many sources are starting to suggest that it could be five years,…

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European Commission launches lengthy probe into cell phone operators’ mobile payment service bid

UK mobile commerce

The European Commission has announced its decision to launch an extensive antitrust investigation – which will probably continue until the end of August – into the joint mobile payment venture of the largest mobile phone operators in Britain. This probe is in response to concerns that had been raised over its ability to hold back innovation. It is believed that the investigation will deal a sizeable blow to the hopes of the operators to gain rapid approval and adoption for its advertising and mobile payment systems which had been labeled…

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