Mike Scott, Managing Director of Ecentric Payment Systems spoke at the 4th Annual Mobile Financial Services of the Future Conference in Johannesburg, South Africa. Scott, a leading transaction processing specialist took to the stage to share insight on local retailers’ journey with mobile payments and how to craft a mobile strategy that is inclusive and
Apple has announced Apple Pay, a new mobile payments service with an easy, secure and private way to pay. Apple Pay works with iPhone 6 and iPhone 6 Plus through a new NFC antenna design, a dedicated chip called the Secure Element, and Apple’s Touch ID. Apple Pay is easy to set up, so hundreds
Fiserv, a leading global provider of financial services technology solutions, has released a white paper that provides financial institutions with a roadmap for supporting mobile payments. Titled “The Four Pillars of Mobile Payments: Immediate Opportunities,” the white paper outlines how a strategic approach to mobile payments starts with the services consumers are using today. While
In a recent post on the VeriFone Blog Raja Ray discussed some of the different types of mobile payments, This is what he had to say: “Ready to leave your wallet at home and use your mobile phone to pay for everything? Most of us still need the reassurance of cash and cards for now. However,
Juniper Research has released a new report which projects that the total value of global payments via mobile device will reach $507 billion this year. This will be a rise of nearly 40% year-on-year. The report, titled ‘Mobile Payment Strategies: Remote, Contactless & Money Transfer 2014-2018’ found that growth would mainly be driven by increasing
Airlines will increase their focus on new distribution channels such as mobile and social media over the next two years, according to WorldPay’s Alternative Payment and Distribution Landscape: Airline Distribution Channels report. WorldPay, a global leader in airline payment processing and settlements, surveyed 68 global carriers (from low cost to traditional), and found that 83%
While the ubiquity of mobile devices in the U.S., U.K., France, Germany, and Spain has created a widespread platform for using mobile payments, a revolution is being held back because consumers do not yet find mobile payments secure, private or convenient enough to merit rapid adoption; this according to “The Consumer View of Mobile Payments”,
While the mobile channel grows in importance and revenue for merchants, so does their fear of fraudulent attacks and the realization that combating that risk requires specialized tools. Those are some of the key findings from the 2nd Annual Mobile Payments and Fraud Survey. The 2014 Survey, conducted by Kount, Inc., The Fraud Practice LLC,
MasterCard has announced a collaboration between Deutsche Telekom, Telefónica Deutschland, Vodafone and TREVICA (a MasterCard owned company) to create a new mobile platform and accelerate the development of mobile payments in Germany. The three mobile operators represent 80% of mobile customers in Germany, which means that banks and financial institutions can hugely accelerate their ability
Why are retailers (or for that matter banks and telecoms service providers) not making an absolute killing in the mobile payment space? Most importantly, why are retailers missing out on potential new revenue streams? Even in an emerging market like South Africa, where mobile penetration is estimated to be around 128%, only nine percent of
