News about Strategy.
November 14th, 2014
Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in…
November 3rd, 2014
Starbucks accounted for more than 90% of all mobile transactions in the US last year, the coffee chain’s CEO Howard Schultz has revealed during a fourth quarter earnings call in which he also set out plans to continue to dominate the mobile payments space.
October 28th, 2014
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba.
September 30th, 2014
“We want PayPal to be present whenever and wherever consumers want to pay so if that means being in other wallets, if that means being in any existing or other new ecosystems where payment occurs, our desire is to be a payments platform that can enable payments in any of those environments,” says eBay’s CEO.
September 3rd, 2014
Upmarket US retailer Nordstrom is in talks to partner with Apple on its new mobile payments service, Bank Innovation reports. “Apple was looking for a clothing brand with a large physical reach to join its to-be-launched payments platform,” a source told the publication.
August 5th, 2014
“We think a partnership between Apple and Visa would make strategic sense and believe an announcement could happen as early as this fall,” a team of Pacific Crest Securities analysts has concluded in a new report that follows reports suggesting that two are in talks on mobile payments. “A combination of cloud-based (HCE) and physical (SE or TEE) seems like a plausible security strategy for Apple.”
July 28th, 2014
Facebook is looking into the potential of adding payments capabilities across its business, CEO Mark Zuckerberg has explained during the company’s first earnings call following the hiring of PayPal boss David Marcus to head its…
July 21st, 2014
IBM and Monitise have formed a strategic alliance designed to help financial institutions deliver cloud-based mobile banking, payments and commerce solutions to their customers. “The combination of our capabilities with Monitise will provide value to our clients, enhance the customer experience and drive business growth,” says IBM senior vice president Steve Mills.
July 10th, 2014
Synchrony Financial, formerly GE Capital Retail Finance, has made “a strategic investment” in LoopPay, developer of a mobile phone add-on that lets US consumers make payments at merchants equipped with magnetic stripe card terminals. The amount of the investment has not been disclosed.
November 19th, 2013
March 22nd, 2013
“Customers will only have one TSM. It’s like a billing system; if you’re in, it’s harder to get you out rather than if you fight to get in,” says Olivier Piou. “I think that we have a very good momentum.”
February 5th, 2013
Nintendo is working on a game that would involve figures or cards that contain NFC tags and make use of the Nintendo Wii U’s NFC capabilities, CEO Satoru Iwata has hinted during an earnings call. Nintendo is also looking into the possibility of customers using the Wii U’s NFC functionality to make payments, Iwata added.
November 13th, 2012
September 26th, 2012
Mobile network operator SFR has launched France’s first rechargeable MasterCard PayPass card, in a first step towards issuing its own NFC mobile payment service. The new SFR PayCard will be available from October to anyone in…
July 27th, 2012
Contrary to reports circulating on the internet, citing unnamed “sources”, long-established NFC POS terminal, TSM and software supplier Vivotech is not planning to announce today that it is ceasing operations. The company has, however, revealed…
July 25th, 2012
SAP and business travel payment specialist Airplus International plan to offer NFC mobile payment facilities to business travellers, the enterprise resource planning leader has announced. SAP’s cloud-based Travel OnDemand solution is designed to let business travelers handle travel and expense management faster and with lower cost on their mobile devices while maintaining compliance with corporate policies.
July 3rd, 2012
Mobile operator TeliaSonera has invested in Stockholm-based mobile payments specialist Accumulate, which supplied the technology underpinning the Swedish networks’ WyWallet service announced last week. “Our partnership with Accumulate is a result of increased interest in making transactions with the mobile phone,” says TeliaSonera’s Kennet Rådne. Terms of the deal have not been disclosed.
June 29th, 2012
Oberthur Technologies has acquired Boston-based mobile payments specialist MoreMagic. Oberthur plans to combine the company’s technology with its existing NFC and TSM offerings to create a comprehensive suite of mobile commerce and financial services solutions, including a secured mobile wallet infrastructure and end-to-end NFC service.
June 11th, 2012
Identive Group is to cut its global workforce by 11% as part of a cost reduction plan designed to save US$4m to $5m this year. The move “will not impact our ongoing investments in new NFC and cloud-based identity solutions or our ability to address opportunities in these emerging, potential hyper-growth markets,” says chairman and CEO Ayman S Ashour.
May 1st, 2012
With an NFC-enabled Nook, you could “walk up to any of our pictures, any [of] our aisles, any of our bestseller lists, and just touch the book, and get information on that physical book on your Nook and have some frictionless purchase experience. That’s coming, and we could lead in that area,” the US bookseller’s CEO has told Fortune.