Tag: mobile payment transactions

PortfoLion to buy into Cellum: the Central Europe region’s largest venture investment in mobile payment sector

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**Budapest, September 9, 2011 – PortfoLion Venture Capital Fund Management Ltd is to invest HUF 400 million (EUR 1,5 million) in Cellum Global Zrt, member of the Cellum Group, the hungarian market leader in mobile payment solutions. Financial resources required for the transaction are provided by the European Union JEREMIE venture capital fund (Joint European Resources for Micro to Medium Enterprises Initiative). The agreement on the largest venture investment so far in the region’s mobile payment sector was signed on 1st September 2011. The technology developed by Cellum is marketable…

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Major credit companies come together to make mobile commerce more secure

Stephen Vagus
nfc technology Mobile Security

As mobile commerce begins to gain momentum among consumers, some major credit card companies are developing mobile apps that will boost the security features of NFC-enabled smart phones. Visa, MasterCard, American Express and Discover are all investing in NFC-powered mobile transaction, believing that the mobile commerce will become a favored payment medium in the future. Mobile commerce has been plagued with concerns over security, however, leaving many questioning whether the industry will ever become established. The security issues inherent in mobile commerce are quite glaring. Given that financial information must…

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Radio Shack poised to begin accepting mobile payments through Google Wallet

Stephanie Beck
Radio Shack Mobile Payments

Radio Shack has announced that it will be one of the first retailers that will be taking advantage of the latest mobile payment technology being offered through Google Wallet. This announcement follows a press conference made by Google in June, when it divulged its new partnerships with credit card companies and banks that would bring near field communications (NFC) payments to phones running on their Android operating system. The start of the service was through the Nexus S phone, but NFC will be a part of all future Android phones,…

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