Industry giants join effort to accept credit card payments through mobile phones

Google Mobile Commerce News

Industry giants and market leaders are now reporting by the dozen that they are quietly working together to come up with a system for mobile payments that will allow consumers to use their mobile devices to pay for purchases with their accounts. Among the retailers were Target and Walmart, which have kept their mobile payment pursuits quite discreet, but that have been heading toward the traditional strategy to cut out as many middle-men as possible, as it may position them to compete against a number of mobile wallet platforms that…

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Retail Sales to experience boost from QR codes and image recognition technology

QR Code Statistics

Mobile Money Network (MMN) has announced the release of its first QR code and fully transactional image recognition service within its Simply Tap instant mobile checkout. The introduction of the service is beginning alongside a Thorntons promotion that uses outdoor advertising. A number of posters are being displayed in various locations around central London, featuring an Easter egg that permits users of Simply Tap to give the technology a try and to purchase one of a number of different Easter eggs for a penny each. Sipmly Tap is MMN’s instant…

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Girl Scouts partner with Sage Mobile Payments to offer additional cookie purchase option

Girl Scout Mobile Commerce

Troops of Girl Scouts in 23 states are now able to accept payments over mobile devices for their cookie sales now that they are using Sage North America’s Mobile Payments platform. The mobile payment platform company announced its partnership with a number of Girl Scout Councils across the United States in order to allow their troops to offer mobile payments as an option while the girls sell their cookies. So far, there are 32 Girl Scout Councils among those 23 states that are using this option. This translates to approximately…

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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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VeriFone announces release of new PAYMEDIA Universal Acceptance Platform

Mobile-Commerce

VeriFone Systems, Inc. has unveiled their new PAYMEDIA Universal Acceptance Platform (UAP), which is designed to offer a full service and software suite which will give mobile network operators (MNOs) the ability to manage the acceptance of mobile wallets at merchant systems. PAYMEDIA UAP was developed to complete the circuit between merchants and mobile wallet providers, so that they have everything that is necessary for providing customers with advanced mobile couponing, promotions, and mobile payment apps. It makes certain that that the transactions from all types of mobile wallet will…

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Visa announces payWave mobile payments provisioning service

Visa Mobile Payments News

Visa has unveiled a new level to their mobile payment system, payWave, which will provide an over-the-air smartphone provisioning service. The announcement was made in Barcelona at the Mobile World Congress, and according to the company, this new service is designed to make it simpler for banks, operators, and transit operators to connect a consumer’s smartphone with Visa payment accounts. Though consumers may not find this quite as thrilling as the release of apps for a mobile wallet, what Visa has now released what they feel is a primary element…

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eBay secures new mobile partnerships and predicts significant m-commerce growth this year

eBay mobile payments

eBay Inc. has announced that they are predicting significant volume growth in its m-commerce segment, as well as in its regular e-commerce and auction website, as it anticipates a sizeable increase in the number of people who use their smartphones to shop and pay for products. This online marketplace giant has already been making especially large steps forward into the mobile commerce environment, having developed new apps for its e-commerce platforms. The company has predicted that it will bring in $8 billion in m-commerce retail volume this year, and that…

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ISIS mobile payment joint venture introduces its first banking partners

Mobile-Commerce

The ISIS mobile payment joint venture, which was created by AT&T, Verizon, and T-Mobile, has just introduced its first banking partners, which include Capital One, Chase, and Barclaycard. These new banking partners will be adding their debit, credit, and pre-paid cards to the ISIS mobile wallet in time for its inaugural launch in the summer of 2012. These card issuing giants have more than 100 million American customers, providing ISIS with a strong foundation when it hast its first start in Salt Lake City, Utah, and Austin, Texas. The ISIS…

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JPMorgan Chase announces investment into GoPago

Mobile Payments

JPMorgan Chase & Company has announced that it has made an investment into mobile payments technology, with the emerging provider, GoPago, Inc. GoPago is the developer of a smartphone app that is available to consumers for free, and allows them to find products and services, put them into their shopping cart, and then make their purchase. The investment has been made by purchasing Series A preferred stock from GoPago, which will provide the company’s intentions to expand with the support it needs so that it can reach into the mobile…

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Study shows that by 2018, use of mobile photo bill pay in U.S. may reach 33 percent

Mobile imaging solutions leader, Mitek Systems, has announced a new AlixPartners, LLP., research paper entitled “Consumer Market Outlook for Mobile Photo Bill Pay”, which looked into the latest payment market trends and which predicted that the use of mobile photo bill pay may reach 33 percent among American consumers by 2018. If this is the case, then it could mean that by that year, mobile payment channels would receive the migration of 1.4 billion bills. Mobile photo bill pay (MPBP) is a form of mobile banking app that is based…

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