What's New in Payments

Zuckerberg: Facebook is working on payments but it will take time to get it right

Facebook founder Mark Zuckerberg

Facebook is looking into the potential of adding payments capabilities across its business, CEO Mark Zuckerberg has explained during the company’s first earnings call following the hiring of PayPal boss David Marcus to head its messaging business — but the company won’t rush into the market and expects to take several years to fully develop its offering... More



PayPal volumes grow 29%

PayPal’s total payment volume (TPV) grew 29% with merchant services volume up 35% and on-eBay volume up 13% during the quarter to end June 2014, parent eBay has reported... More




NFC World

Isis considers HCE as monthly growth hits 50%

Isis CEO Michael Abbott

US NFC venture Isis is considering using host card emulation (HCE) to store a user’s loyalty card and coupon information, the company has told NFC World, and is also looking into supporting HCE for credit card payments — should banks decide they want to use the technology... More




NFC World

Rabobank sets NFC mobile wallet launch date

Rabobank

The NFC payments pilot in the Dutch city of Leiden has proved successful in terms of both consumer and merchant uptake, partners Rabobank, ING and ABN Amro report — and Rabobank is now set to commercially launch an NFC mobile wallet during the second quarter of 2014... More


NFC World

Positive reaction sees Hungarian mobile wallet ready for market

Mobil Tarca

Eight out of ten testers of the Hungarian mobile wallet pilot project have found the service “very useful” prompting the Hungarian Mobile Wallet Association — an alliance between mobile network operators Magyar Telekom, Vodafone and Telenor with MasterCard, OTP Bank and SuperShop — to declare the MobilTarca wallet ready for market... More



NFC World

Isis releases pilot test results

Isis Mobile Wallet

Analysis by carrier-owned NFC mobile payments venture Isis of its pilot tests in the cities of Salt Lake City, Utah and Austin, Texas has found that more than 80% of transactions take place at everyday spend locations such as quick-service restaurants, coffee shops, gas stations, convenience stores and grocery shops... More


NFC World

Coca-Cola reports on Isis loyalty project

Coca-Cola

“More than one-third of active Isis Mobile Wallets users in Austin have loaded a My Coke Rewards card into their wallet since our pilot began and 90 percent of these are new to the My Coke Rewards program,” Rick Kanemasu, from Coca-Cola North America‘s vending technology strategy team, has revealed as the Isis NFC mobile payments venture announces plans to go live across the US this year... More






NFC World

Isis releases Utah mobile payments usage stats

Isis's Jim Stapleton

Active users are now paying with Isis five or more times a week, says Jim Stapleton, the NFC payments platform’s chief sales officer. “Consumers actually only need to know about the passcode, and you kind of have a mental ‘Oh!’ right there as they realize their leather wallet does not have a passcode,” he explained. More


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