mobile payment industry news Archives

Verifone announces Point acquisition for just over $1 billion

11/16/201111/16/2011 Sam Lambert

Verifone has just announced its acquisition of Point, an alternative payment provider in Europe, in order to expand its ability to offer mobile payment services for retailers and other merchants. Verifone has many different offerings for payment services, but is now focusing on near field communications (NFC) terminals, which would permit customers to use their mobile devices or credit cards to complete payment transactions when they make a purchase at a point of sale. In total, all of the equity and assets at Point were purchased for $816 million, and…

Sony Ericsson joins troupe of tech giants in adopting NFC technology

07/28/201107/28/2011 Sam Lambert

The field of NFC is becoming more crowded as Sony Ericsson announces that it will be taking up the cause of near field communications. The tech behemoth will be joining Google, AT&T and Nokia in developing NFC-enabled smart phones that will be released later in the year. The NFC industry is still quite young, but these companies have been laboring to promote the technology they are sure will be the next big thing. Sony Ericsson’s plans were unveiled via the Times of India publication, in which Steve Walker, global head…

Isis mobile commerce network includes MasterCard, Visa, Amex and Discover

07/22/201107/22/2011 L. Green

Isis, the joint venture mobile commerce network established by AT&T, Verizon Wireless, and T-Mobile USA, has recently announced that MasterCard, Visa, American Express, and Discover have all officially signed on to the network. Isis stated that this addition will offer considerably greater options and convenience for payments made by mobile subscribers, while it also helps to build the new network’s ability to utilize payment terminals that are already established in many retail locations across the United States. The creation of Isis was initially announced by the telecommunications companies at the…

eBay gives PayPal mobile a boost through purchase of Zong

07/11/201107/11/2011 L. Green

eBay has purchased Zong, the mobile payment provider, to give PayPal’s mobile commerce position a significant boost. Zong’s purchase price was $240 million, and eBay intends to use it to connect to Zong’s tremendous 250 wireless carriers and 3.2 billion users. Consumers are already using Zong in order to make purchases simply by using their mobile telephone numbers. This allows the mobile payment service to verify the transaction so that it can add the charge to the mobile service bill of the shopper. Zong is already well recognized by gamers…