The increasing popularity of online payment providers like PayPal and Amazon Checkout, combined with the emergence of mobile commerce, threatens to leave banks lagging in the e-commerce world, according to Cisco.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=19054
Filed under: Ecommerce, General News | Leave a Comment »
Card network Visa is developing mobile payments software for handsets that run on Google’s new phone operating system, Android.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=19043
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Card network Visa is partnering with US Bank to launch a mobile money transfer pilot that will enable customers to transfer funds between Visa accounts using their handsets.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=19038
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Royal Bank of Canada (RBC) is trialling a mobile person-to-person payments service that lets customers send and receive money instantly using SMS text messages.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=19041
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Despite the fact that over 90% of Americans that own contactless payments cards like using them, three quarters of the population are not even aware of the technology’s existence, according to a survey commissioned by the Smart Card Alliance.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=19005
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HSBC has launched a ‘plug-and-play’ outsourced payments system for corporates and banks looking to ease back office connectivity issues and lower the ongoing fixed costs associated with managing their own transaction processing activities.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=18961
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A group of five payment network operators from Europe and North America are coming together in a bid to establish common standards and rules for global interoperability of online payment networks.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=18956
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Around three quarters of US customers – 75% – would now consider using mobile banking services if offered, up from 49% in 2006, according to research released by fintech vendor Fiserv.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=18951
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US bank Wells Fargo has upraded its mobile business banking service, CEO Mobile, to enable users to initiate and approve federal tax wires.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=18929
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EU authorities have called on banks to push ahead with plans to introduce pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.
Full Story & Source: http://www.finextra.com/fullstory.asp?id=18927
Filed under: Debit/Credit/ACH, UK Payments News | Leave a Comment »
