The European Commission has prolonged the deadline for a decision on whether to give the go ahead to the UK carrier-led ‘Project Oscar’ NFC joint venture, Bloomberg reports... More
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PagSeguro to launch NFC P2P payments in Brazil
The online payments provider has partnered with Nokia to introduce an NFC service that allows users to transfer money and to make payments in bars, restaurants and stores. More
Portugal Telecom unveils mobile wallet service
Eleven thousand employees have been invited to pilot test the new TMN Wallet, a mobile payments service that enables transactions to be made via NFC, SMS, USSD or QR Codes and runs on any mobile phone. More
NFC is still two to five years away, say MWC visitors
A survey of mobile industry executives conducted for Sybase 365 during the Mobile World Congress has found that 81% of respondents believe that NFC will not become a driver of widespread adoption of mobile payments for at least another two to five years and less than 10% think NFC mobile payments will become mainstream within the next year... More
Alix: US consumers want banks to provide digital wallets
74% of US consumers interested in having a digital wallet would choose their primary bank as their preferred provider, an AlixPartners survey has found, compared with 23% who say they would pick PayPal and 15% who chose Google as their preferred provider... More
PayPal to demo digital wallet
PayPal is to demonstrate a new digital wallet solution at the SXSW event in Austin, Texas this week... More
VeriFone announces NFC POS solution for mobile network operators
POS maker VeriFone has unveiled Paymedia Universal Acceptance Platform (UAP), a new platform designed to make it easy for mobile network operators and other mobile wallet providers to enable merchants to support their NFC payments, couponing and loyalty programmes... More
PayPal to woo retailers with mobile payment incentives
PayPal is planning to offer merchants who adopt its in-store mobile payments service both lower costs and access to more detailed customer data, according to a Reuters news report... More
PayPal expands in-store
Online payments giant PayPal has signed a deal with Ingenico that will see its mobile payments technology integrated into the POS terminal maker’s new and legacy contactless acceptance devices... More
Home Depot tests PayPal in-store
Home Depot has become the first US retailer to test PayPal’s mobile payments solutions in-store... More
VeriFone sets out its plan for Point
VeriFone has completed its €600m acquisition of Point International, northern Europe’s largest provider of payment and gateway services and solutions for retailers and a supplier to PayPal’s NFC trial in Stockholm... More
US consumers “warming up to mobile payments”
23% of US consumers are now “very willing” to use their mobile phone as a wallet, a KPMG survey has found, but many consumers are still expressing privacy and security concerns. More
PayPal tests NFC payments in Stockholm
“Over the next few months we’ll be testing many different proximity payments technologies (including NFC) and exploring numerous partnership opportunities,” says the online payments giant. More
mFoundry adds Intel, FIS and Motorola to investor list
The mobile banking platform provider will use $18m of new funding for “the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators.” More
Top Nokia NFC executives jump ship
The handset maker’s lead delegate to the NFC Forum and its head of NFC business development for the Americas have now left the company. The UK-based VP of industry collaborations will leave at the end of December. More
Citi NFC lead jumps to LivingSocial
Dickson Chu, the high profile head of digital networks at Google Wallet financial services partner Citi, has left the banking group to head up a new merchant solutions division at local deals provider LivingSocial... More
PayPal UK: Mobile wallets won’t become mainstream until 2016
“2016 will mark the real start of money’s digital switchover in the UK,” says the boss of PayPal UK. “Children born today will become the UK’s first ‘cashless generation’. It will be completely natural for them to pay by mobile.” More
VeriFone buys Point in move to managed services
VeriFone has acquired electronic payments specialist Point International from Nordic Capital for €600m (US$812m) as the POS terminal maker accelerates its transition to a managed services revenue model... More
PayPal launches NFC P2P payments service
NFC-based peer-to-peer payments are now included in the PayPal Mobile App for Android which is now available to download from Android Market. More
New report compares the prospects for mobile payments technologies
NFC-enabled mobile wallet solutions will become US consumers’ dominant mobile payments option for retail purchases while digital wallet applications will be most popular for mobile ecommerce payments, according to a new report from Parks Associates. More