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Mobile wallet

News about Mobile wallet.

Mozido buys CorFire

December 19th, 2014

Cloud-based mobile payments platform provider Mozido has acquired the majority ownership of mobile commerce specialist CorFire, previously wholly-owned by South Korean IT services provider SK C&C. “By adding [Corfire’s] strength in NFC-enabled mobile wallets to Mozido’s extensive mobile financial services and retail marketing capabilities, we can now give merchants around the world access to a powerful mobile ecosystem,” says Mozido’s Michael Liberty.

Google Wallet adds Touch ID

December 17th, 2014

The iOS version of Google Wallet now enables users to use Touch ID fingerprint verification for “secure and quick access” to the mobile wallet. Google Wallet 8.0 for iOS also lets consumers divide the cost of any transaction through a split the check function.

Emirates banks move towards mobile wallets

December 9th, 2014

The UAE Banks Federation has announced the completion of the pre-implementation phase of a project to develop a mobile wallet platform that all its 51 member banks will be able to use to offer P2P, mobile payments and loyalty programs to their customers. “Participating banks will have the choice to link with this application or integrate the system with their own internet and mobile banking platforms,” the federation says.

Payments security survey finds NFC and HCE are now top priorities

December 4th, 2014

Seven in ten (71%) US IT operations, security, and electronic deployment professionals consider NFC to be essential or very important to their organization’s security, a survey by Ponemon Institute for HP Atalla has found, with… More

BKM and Mekanist let Turkish diners pay by beacon

December 3rd, 2014

Diners at Turkish restaurant Olivia’s Pizzeria have become the first in the country to be able to use their BKM Express digital wallet to pay for their meals with their mobile phone. BKM has partnered… More

TD Bank partners with Moven

December 2nd, 2014

Toronto-Dominion Bank is expected to announce a partnership with New York based banking app maker Moven to help its customers use their smartphones to keep track of every purchase they make, The Globe and Mail reports. “Moven’s app works in much the same way as health-tracking apps,” the article explains. “The service allows users to make purchases using their smartphones as mobile wallets, but also keeps track of every purchase. The result is an instant analysis of the user’s financial health.”

Magyar Telekom launches NFC in Hungary

November 27th, 2014

Magyar Telekom, a subsidiary of Deutsche Telekom and a member of the Hungarian Mobile Wallet Association, has launched the MobilTarca NFC mobile wallet in Hungary after a successful pilot that began in July last year. The solution incorporates payments, loyalty cards and event ticketing services and will be available on more than 30 NFC devices by the end of 2014.

Latvian merchants and ski resorts adopt NFC loyalty platform

November 26th, 2014

Latvian startup Walmoo has launched a mobile loyalty platform that uses standard NFC phones or tablets to provide customers with the ability to redeem coupons, discounts and offers. Ten merchants are live on the platform… More

Ugo launches open NFC payments and rewards wallet in Canada

November 25th, 2014

Ugo, an open NFC mobile wallet developed by Canadian banks President’s Choice Financial and TD Bank Group, is now available to customers of all three major Canadian carriers who own one of a range of… More

Millennials more open to mobile payments

November 21st, 2014

Among US and UK consumers who have not yet used a mobile wallet, 18-34 year olds are the most enthusiastic when asked about the potential benefits, research from JWT Intelligence has found. “These consumers are more interested than others in using a phone to pay if it makes transactions faster, makes splitting bills easier, can replace cash in low-denomination payments and helps keep track of purchases,” the company reveals.

Apple Pay retailers release stats

November 17th, 2014

Apple Pay accounts for 50% of tap-and-pay transactions at McDonald’s, which accepts “all payment products that leverage standard NFC”, according to a New York Times report. Walgreens has seen its mobile wallet payment volumes double since Apple Pay was launched, the report adds, but Toys R Us says it has seen “relatively few” mobile transactions because customers are “still learning about the new technology”. Whole Foods Market revealed last week that it has processed more than 150,000 Apple Pay transactions.

Softcard adds United MileagePlus cards

November 17th, 2014

United Airlines and Chase are adding support for United MileagePlus credit cards to the Softcard mobile wallet. “Cardholders can now add United MileagePlus credit cards to Softcard, using the app to tap to pay and earn award miles at hundreds of thousands of locations nationwide that accept contactless payments,” Softcard says.

EcoCash takes mobile money to the point of sale

November 17th, 2014

EcoCash, Africa’s second largest mobile money provider with 3.7m users, is to offer customers in Zimbawe a MasterCard debit card linked to their EcoCash wallet. This will enable them to use the funds in their… More

Brooklyn Nets launch mobile wallet

November 14th, 2014

American Express has partnered with New York basketball team Brooklyn Nets to pilot Brooklyn eWallet, a digital payment solution integrated into the team’s mobile app that lets fans buy food and drink with their mobile phone at any event held at the Barclays Center arena. Fans can link up to 10 credit, charge, debit or prepaid cards to their wallet to fund purchases by taking a picture of their card. They can then make payments at participating concession stands by scanning a QR code generated by the merchant.

Korean banks partner with messaging giant for mobile banking service

November 13th, 2014

Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC). The service leverages instant messaging technology… More

MCX CEO confirms plans to include bank cards in CurrentC wallet

November 6th, 2014

MCX CEO Dekkers Davidson has outlined more of the consortium’s plans for its CurrentC mobile wallet in a keynote presentation at the Money2020 event in Las Vegas, confirming that banks will be able to add… More

ANZ to launch NFC wallet

November 6th, 2014

Australia’s ANZ is to launch an NFC-enabled mobile wallet in early 2015, following a successful trial of the service. Customers will be able to “securely transfer and store a single ANZ card or multiple ANZ cards on their phone and use those cards to transact at contactless terminals,” the bank says. A new Tap & PIN solution that is to be rolled out across its ATM network will also use NFC for authentication and transaction pre-staging in the future, ANZ adds.

Pivo passes 100,000 active users

November 5th, 2014

Finnish mobile wallet Pivo has now been downloaded to 300,000 smartphones and a third of users  — more than 100,000 — are making use of the app every day. Pivo lets consumers track their card transaction details, pay for goods both in-store and online, receive real-time transaction notifications, redeem vouchers and sync with loyalty programmes. The service also forecasts users’ future account balances.

Apple Pay contract leaked

November 4th, 2014

The full 19-page contract that banks wishing to offer Apple Pay to their cardholders must sign in order to take part has been leaked to Digital Transactions. Among the fees and obligations set out in the contract banks agree to make at least 95% of their network-branded cards available to the wallet, to submit in-depth accounting reports twice a year and to pay a 0.15% commission to Apple. The contract also reveals that fees due to Apple will be collected on the iPhone maker’s behalf by Visa and MasterCard.

Valyou goes live across Norway

November 4th, 2014

The NFC mobile wallet solution developed by mobile network operator Telenor and banking group DNB has launched nationwide across Norway. The first payment card available in the Valyou wallet, which was first detailed at Mobile World Congress 2013, is a Visa Paywave card issued by DNB. Card issuers and banks including SpareBank1, Skandiabanken, Ya Bank, Fana Sparebank and EnterCard will join the Valyou wallet in 2015.

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