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 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…
Read MoreeBay secures new mobile partnerships and predicts significant m-commerce growth this year
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…
Read MoreISIS mobile payment joint venture introduces its first banking partners
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…
Read MoreBarclays launches Pingit app to bring P2P payments to the UK
The new Pingit mobile app from Barclays has been designed to make it easier for consumers to exchange money by sending funds directly to a mobile device into another account. According to Barclays, the Pingit app is the first banking app of a person-to-person nature that is available in Europe. It allows anyone with a U.K. banking account and a mobile telephone number to send money with just as much ease as sending a text message. According to the Barclay PLC accounts director, Dan Wass, “This is about recognizing how…
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