News about Strategy.
November 12th, 2015
More than 200 million customers have bound their bank cards to internet giant Tencent’s QQ Wallet and Weixin Pay mobile payment platforms, the company has revealed — but supporting them is proving costly. “As we enrich payment scenarios and invest in initiatives to deepen users’ mobile payment habit, we are incurring significant bank handling fees on the C2C money transfers which we offer to users largely for free,” Tencent says. “We believe such cost represents a worthwhile investment for the future.”
November 12th, 2015
“Nobody wants to become a bank any more and we don’t want to become a bank,” Apple CEO Tim Cook has told the University Philosophical Society at Trinity College, Dublin during a visit this week, Ireland’s Independent newspaper reports. Cook also hinted that Ireland will soon get Apple Pay and said: “Your kids will not know what money is.”
November 9th, 2015
Apple’s decision to launch Apple Pay in Canada with just the support of American Express “had less to do with Apple’s strategy for entering Canada specifically, and more to do with a global push that aims to negotiate by credit-card network rather than bank by bank,” a source has told The Globe and Mail. “Sources familiar with the negotiations say the most pointed standoff was between Apple and credit-card companies,” the newspaper says. “Rather than allowing negotiations with multiple parties to drag on, Apple decided to partner solely with American Express Co, which will help the company stick to its rumoured timeline of a November rollout in Canada.”
September 23rd, 2015
NFC World’s ‘How to develop a mobile payments roadmap’ webinar is now available to view online. 584 people signed up to take part in the live event and participants gave the webinar an overall rating…
September 22nd, 2015
Join NFC World and Gemalto at 3pm BST today to find out how issuers and processors can draw up a mobile payments strategy that combines a winning customer service today with a long-term roadmap for the future. More than 500 people have already signed up for this free webinar. You can find out more and sign up to join us here.
August 31st, 2015
NFC World will host a free webinar on Tuesday 22 September to help issuers and processors learn how to develop a mobile payments strategy that offers both a winning service for customers today and long-term…
June 29th, 2015
Ebay’s board of directors has approved the completion of the separation of eBay and PayPal into two independent publicly traded companies. The split is expected to take place on 17 July 2015 and “will occur through a pro rata distribution of all of the stock of eBay’s subsidiary PayPal to eBay stockholders,” the company says. “Immediately following the distribution, PayPal will be an independent, publicly traded company.”
June 22nd, 2015
Google is reported to be considering acquiring the Tesco-owned loyalty agency that is responsible for the development of the supermarket giant’s Clubcard rewards scheme. “Google would like to use Dunnhumby to offer more reward and loyalty bonuses for Android Pay users,” IT Pro Portal reports. “Acquiring Clubcard may allow Google more insider knowledge as to the workings of the UK market.”
June 4th, 2015
The CEO of AT&T has admitted that the US carrier’s mobile payment efforts have failed in light of the closure of Softcard, the joint venture between it, T-Mobile USA and Verizon. “In the end, we thought we’re probably better off not investing more money in this space,” Ralph De La Vega told Forbes. “It seems like a more natural fit for the OS manufacturer doing those kinds of things. We decided to focus on another part of the business and not continue on the mobile payments area.”
March 10th, 2015
Sweden-based mobile payments provider Seamless is offering users of its Seqr mobile payments service up to 3% cashback on their purchases, “valid on all purchases and effective on top of any other loyalty program or discount.” The offer is designed to persuade more consumers to adopt mobile payments, CEO Peter Fredell has told NFC World, and is financed via a mixture of revenue streams.
January 20th, 2015
January 12th, 2015
US carrier-owned mobile payments venture Softcard has laid off 60 employees out of an employee base of “hundreds” as part of an effort to “reduce costs and strengthen its business”. “This includes simplifying the company’s organisational…
December 11th, 2014
The next event in NFC World’s free educational webinar series will be held at 15:00 GMT on Tuesday 20 January and will focus on how to select the right security strategy for your NFC service….
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…