Karl Prosser

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Mobile Payments Catching Fire Among Top U.K. Banks

Capping a big day for news in mobile for the United Kingdom, a series of reports from across the pond indicate that a number of British banks and …

Mobile

Apple files ‘iMoney’ patent for virtual currency, digital wallet, and … free stuff

Who needs money when you can have iMoney?<p>Apple has applied for a patent on a combined virtual currency and digital wallet technology that would allow you to store money in the cloud, make payments with your iPhone, and — just maybe — communicate with point-of-sale terminals via NFC.<p>Not to mention …

The digital-wallet business is rough — just ask Google

Advertisement<p>12 Comments<p>Credit: Google<p>Today, a report from Businessweek showed the cracks in one of Google’s most spirited and cutting-edge products. …

The Mobile Shopping Life Cycle

Mobile is turning “path to purchase” on its head. One of the most time-honored marketing concepts, that notion that a customer takes a predictable journey toward a sales transaction (in its earliest definition, starting with <i>attention</i> to a product, then moving to <i>interest</i> in it, then <i>desire</i> for it, …

MasterCard's online wallet MasterPass touches down in the UK

MasterCard’s virtual online wallet payment system MasterPass is now rolling out at supporting retailers in the UK as the service makes its way into Europe.<p>The company confirmed that the service, which has already been enabled for retailers in the US, Australia and Canada, is rolling out in the UK …

Indonesia Moves Towards a Cash Light Economy

<i>This is the second post in the two part series on branchless banking in Indonesia.</i><p>Indonesia is currently undergoing a transformation in financial …

FinTech

Samsung Wallet hits Google Play for select Galaxy devices

Samsung's Wallet app, launched in Beta in the US a few months ago, is now available for wider consumption on Google Play in the US. Despite the name, it doesn't have Google Wallet-like powers of NFC payment, but works more like Apple's Passbook app to let you store and categorize tickets, …

China’s mobile payment market has tripled since last year

If you’re wondering why companies all over China’s web are getting into e-payments and web and mobile banking, wonder no further: according to a …

Banking

Facebook to Test Its Own PayPal Competitor in Bid to Simplify Mobile Purchases

Facebook plans to test a new payments product that would allow online shoppers to make purchases on mobile apps using their Facebook login …

eCommerce

V.me digital wallet goes Nationwide

Building society creates secure online payments device in conjunction with Visa<p>A "digital wallet" that allows customers to make online purchases without inputting their card details each time has been launched by Nationwide building society.<p>Created in conjunction with Visa, the service – called …

PayPal acquires mobile platform provider StackMob so developers can build more payment-friendly apps

PayPal is showing that it’s serious about supporting developers. Today, the company announced that it has acquired mobile platform StackMob in a move that will bolster its efforts to accelerate adoption of its payment system within apps. Terms of the deal haven’t been disclosed, but we do know that …

Outdated Magnetic Strips: How U.S. Credit Card Security Lags

Criminals may have stolen information from 40 million credit and debit cards used at Target. A possible weakness? The magnetic stripe on credit cards — which fraudsters can pull credit card numbers and expiration dates from to make counterfeit cards.<p>Other countries moved beyond this technology …

IBM Building "e-Currency Platform," including Bitcoin

<b>by BRIAN COHEN - Dec. 18, 2013</b><p>IBM filed for patent application 2013032570, “e-Currency Validation Authorization Services Platform” with the United …

Blockchain

Has The Mobile Payments Moment Finally Arrived?

BII<p>Mobile transaction volume is growing explosively and reshaping the payments industry<br>, particularly credit and debit card payments. Mobile …

Meet the Exec Crafting Google’s Vision for the Future of Shopping (Maybe This Time It’ll Work!)

Like many of its peers, Google has its own take on what the future of digitally-enabled commerce should look like.<p>In fact, it has had a lot of takes …

Loop: The Future Of Mobile Payments Or A Temporary Fix?

Loop is a new mobile payments startup making some fairly big claims. The company says it has invented a technology that lets you pay with your phone at nearly any point-of-sale across the U.S., without requiring merchants to upgrade their hardware. Nor do you have to own a particular device, like …

PayPal who? Dwolla is the most daring digital payment startup you've never heard of

The company kills the fees and delays of the old system, but can’t fully escape it yet<p><i>A wall of investors' photos at Dwolla headquarters.</i><p>When it comes to radically altering the fabric of digital payments, there is no startup more interesting than Dwolla. The Iowa-based company has built its own …

Information about ACH API's, instant bank verification, and the future of payments.

We are pleased to announce the availability of a SOC 2 Type 2 Report for Dwolla, Inc. Built upon Dwolla’s existing internal control framework and …

APIs

Has The Mobile Payments Moment Finally Arrived?

Mobile transaction volume is growing explosively and reshaping the payments industry, particularly credit and debit card payments. Mobile point-of-sale purchases are beginning to make a real dent in total transaction volume.<p>On the consumer <i>and</i> merchant side — through apps, scannable QR codes, and …

FinTech

Tired of a fat wallet? Coin lets you hold all your cards in a single, connected card

With all the hype surrounding mobile payments these days, the industry faces a monumental problem: Credit cards are already pretty easy to use.<p>Now Coin, a Y Combinator-backed startup, is out to make all of the cards in your wallet even more convenient.<p>The company is launching a crowdfunding …

Why The $110 Billion Gift Card Industry Must Die

<i>Guest author Josh Breinlinger is a venture capitalist at Sigma West.</i><p>I am constantly fascinated by the gift card industry. It’s a case study in behavioral economics. Every year, US residents turn $110B of cash into a far-less liquid asset and pay a few percentage points in extra fees. This is all …

Loop: The future of mobile payments or a temporary fix? - http://tcrn.ch/GVWZLw

Now handling over £1M a day, Thiel-backed TransferWise inches further onto PayPal’s turf

Advertisement<p>2 Comments<p>London-based TransferWise is a pretty smart operation. Backed by PayPal co-founder Peter Thiel and led by former Skype …

Square launches Cash, a peer-to-peer payments service that’s incredibly simple to use

Advertisement<p>12 Comments<p>Credit: Shutterstock / Rashevskyi Viacheslav<p>Square officially took the wraps off its planned peer-to-peer payments service …

How Dwolla Disrupted the Digital Payment Industry

This story appears in the September 2013 issue of <i>Entrepreneur</i>. Subscribe »<p><i>Ben Milne didn't set out to disrupt the U.S. online and mobile payment infrastructure. But when he founded Dwolla--a payment network that charges just 25 cents for transactions of $10 or more--that's exactly what happened.</i> …

Des Moines

‘Contactless’ payment to reach 250M cards next year (U.S.A. is last, as usual)

Mobile payments via NFC from a digital wallet on a smartphone might be the sexiest area of payments right now, but the space that is actually seeing traction and adoption is contactless cards — which will hit 250 million in 2014.<p>The market leaders? Australia, Canada, Poland, the UK, and, of course, …

Why mobile payment systems fail

<i>Ralph Dangelmaier is CEO of BlueSnap.</i><p>Everywhere you look, mobile commerce’s star is rising.<p>According to a recent Deloitte survey, for example, 68 percent of smartphone owners plan to use their devices for holiday shopping this season. According to an eMarketer forecast, mobile devices will drive …

Mobile Is The Future Of Payments -- Here's How Much Runway There Is For Growth

It’s no longer a question of when and how mobile will emerge as a payments platform.<p>The habit of paying for things on smartphones and tablets is …