Tag: citibank

Mobile payments preparations being made by Square

Julie Campbell
Square mobile payments

It is getting ready for the rollout with Visa and Citi behind it. Square – the largest mobile payments company, from San Francisco – has now reached a $3.25 billion valuation after raising $200 million as it readies to go global. Though it has not broken any records in its value, it is certainly up from its funding round last year. Only three years after the initial launch of Square, the co-founder of the company, Jack Dorsey (who was also the co-founder of Twitter), is now ready to take the…

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Mobile commerce security a top issue in Singapore

Sam Lambert
Singapore mobile commerce shopping concerns

Concern ignited over the perceived fallacies of NFC technology New mobile commerce services were recently launched in Singapore, but consumers have shown concern regarding the security of these services. Attention has been drawn to NFC technology, which has been the subject of criticism lately due to its possible security fallacies. During this year’s Black Hat security conference in Las Vega, Nevada, it was suggested that NFC technology, by default, is not safe in terms of mobile commerce. The companies behind the launch of mobile commerce in Singapore, led by Gemalto,…

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Mobile commerce infrastructure launched in Singapore

Sam Lambert
Singapore Mobile Commerce

Singapore announces the launch of NFC services and mobile commerce infrastructure Singapore is ready to launch its NFC services as the country’s work to develop its mobile commerce infrastructure reaches completion. The nation has been working on ensuring its mobile commerce infrastructure is well prepared for extensive use. Efforts to establish and develop the infrastructure and its various NFC services were led by Gemalto, a consortium comprised of Citibank, DBS, and EZ-Link, as well as the country’s leading telecommunications companies. The official launce of Singapore’s NFC services includes three types…

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