US Bank has begun a field trial of microSD format NFC devices... More
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Visa responds to launch of Isis
“I remain highly confident in Visa’s long-term growth and innovation strategy, including our plans to continue work with our partners to accelerate the adoption and usage of mobile payments,” writes Bill Gajda, the company’s head of global mobile product, in a post on the official Visa blog. More
AT&T, Verizon, T-Mobile confirm Isis mobile payments joint venture
The new service is to be called Isis, will be introduced in key geographic markets “during the next eighteen months” and aims to ultimately eliminate “the need for consumers to carry cash, credit and debit cards, reward cards, coupons, tickets and transit passes.” More
Monitise, Best Buy Europe and Carphone Warehouse founder to launch Mobile Money Network
NFC is likely to play a key role in the new venture as Monitise has already partnered with Visa and DeviceFidelity to integrate near field communication into its Mobile Money Manager platform. More
US telcos hire GE Capital CMO to head mobile payments joint venture
AT&T, Verizon Wireless and T-Mobile USA have hired Michael Abbott, the chief marketing officer for General Electrics’ GE Capital card business, as the chief executive of their NFC-based US mobile payments venture, according to the Wall Street Journal... More
AT&T, Verizon, T-Mobile, Discover and Barclays to officially announce mobile payment joint venture plans
Confirmation that AT&T, Verizon Wireless and T-Mobile USA have formed a joint venture to introduce NFC-based mobile payments services in the US could come as early as tomorrow, according to a Reuters report... More
Bling Nation to launch national US mobile payments service in early 2011
Bling Nation is set to roll out its mobile payments technology across the United States in early 2011, Forbes reports, and also plans to launch its service in other countries next year... More
UK government publishes e-money consultation document, aims to open up market to mobile operators
The UK government has published a consultation document and is requesting feedback from interested parties on planned changes to the way that electronic money is regulated in the UK... More
Metro Bank to issue mobile payments stickers in the UK?
Plans at Metro Bank, the first new retail bank to be launched in the UK for more than a hundred years, include the provision of contactless stickers that customers could attach to their mobile phones to make payments at the point of sale, according to Computerworld... More
Mobey Forum members now represent 25% of the world’s banking customers
Mobey Forum‘s banking members have more than 450 million customers around the world, the mobile financial services association has announced, meaning that its members now represent more than 25% of the world’s banking customers... More
Pub chain Yates’s partners with Waspit for launch of NFC payments service in the UK
Mobile payments specialist Waspit has announced it is to launch a new open loop NFC payments service at the Ad:Tech conference and exhibition in New York on 3 November... More
Bling Nation adds mobile rewards and Facebook integration to merchants’ POS terminals
Bling Nation has launched FanConnect, a new platform that enables merchants to offer mobile rewards and connect with customers via social networking services at the checkout... More
Israeli bank to launch combined NFC and mobile barcode payments system
The new service, to be launched by the end of 2010, will use technology developed by DigiMo to enable Israeli consumers to make payments at the point-of-sale with their mobile phone using their choice of an NFC phone, a sticker attached to their existing phone or a 2D barcode. More
Proxama and Tuxedo announce NFC solution for prepaid cards
NFC specialist Proxama has partnered with white label prepaid card issuer Tuxedo Money Solutions to introduce an NFC-enabled version of prepaid MasterCard PayPass contactless cards... More
Bank of America NFC trial to focus on customer experience
Bank of America’s trial of DeviceFidelity’s microSD format NFC solution in New York will focus on the customer experience, the bank’s Michael Upton has told Bank Info Security in an in-depth interview... More
EMV adoption reaches one billion cards and 15m terminals
EMVCo, the payments chip card standards body owned by MasterCard, Visa, American Express and JCB, has revealed that there are now more than one billion EMV cards and 15.4 million EMV terminals in use around the world... More
Fifth Third to offer Bling Nation’s mobile payments technology to financial institutions across the US
Fifth Third Processing Solutions, the third largest payments processor in the USA, has signed an agreement with Bling Nation that will allow its financial institution customers to provide Bling-based services to consumers as a turnkey solution. More
Barclaycard expects UK and US consumers to pay regularly by mobile “within two to three years”
Barclaycard expects the UK and US general public to be using their mobile phones to make payments regularly within two to three years, the card issuer’s head of research and development, Colin Swain, has told a roundtable event in London... More
Report: Korean mobile contactless payments market set to take off
A new report from financial services analysts Celent forecasts that the mobile contactless payments market in South Korea is set to grow at an average compound annual growth rate of some 50%... More
Visa lets New York commuters pay for their fares with mobile phones
Participants in a new pilot programme can pay for their travel on the Lexington Avenue subway line in New York, on the New Jersey Path system and multiple bus lines in New York and New Jersey with a contactless Visa card or an NFC-enabled mobile phone. More