NFC hybrid online and mobile payments service tested by ING and MasterCard

NFC Mobile Payments Mastercard QR Code PayPass MasterPass

The companies are hoping to take advantage of the security of smartphones with contactless technology. MasterCard has joined forces with ING in order to test a new form of mobile payments system that leverages the security available through near field communication (NFC) equipped smartphones. These devices can make short range data transfers and is seen as a tremendous mcommerce opportunity. The trial will be focused on the PayPass app from MasterCard. It will examine two primary scenarios for use. The first is for using a smartphone to shop on the…

Read More

Mcommerce environment in Japan looks bright for mobile payments

NTT Docomo qr code japan

MasterCard’s latest index has called the country a promising marketplace. The most recent results of the MasterCard Mobile Payments Readiness Index have shown that Japan is one of the countries that will provide the most positive mcommerce environment for these transactions. In fact, among 34 analyzed countries, Japan held the sixth spot from the top. The analysis of the countries is designed to determine their readiness based on their overall mcommerce marketplace, and how ideal they would be for mobile payments to be adopted. It focused on three types of…

Read More

Mobile payments using NFC to become possible in iPhones

TouchPay iphone mobile payments

Though the technology was notably lacking in the latest release, it hasn’t held back RBS and NatWest. Despite the fact that the iPhone 5 was released without an NFC chip, this omission hasn’t stopped RBS and NatWest from coming up with a way to step around the issue and provide mobile payments based on the technology. A protective cover with built-in near field communication technology that fits iPhone 5, 4, and 4s is their solution. The technology is among the most controversial of the omissions from the latest iPhone released…

Read More

Mobile payments haven’t yet caught on in the United Kingdom

London Mobile Payments

A recent survey showed that contactless has yet to be seen in a positive light by most people. Although smartphones are spreading like wildfire throughout the United Kingdom, the same cannot be said about mobile payments, regardless of significant efforts that had been made to boost their popularity throughout the Olympics in London. Only 17 percent of people in the U.K. feel that a “cashless future” could be a more convenient one. This information came from a report about the results of a survey performed in the U.K. by Bank…

Read More

Mobile payments are considered a safe bet by top companies

mobile payments industry

Industry leaders feel that consumers will be willing to pay with their smartphones. The mobile payments industry is working hard to encourage consumers to leave their credit cards at home and to start using their smartphones as a digital wallet, instead. Square and other companies are already creating smartphone transaction processing products. They are developing mobile payment point of sale transaction systems so that individuals with smartphones and tablets can use those devices to buy products and services online and from brick and mortar stores. These companies bet that mobile…

Read More