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Mobile IoT: Blog Post

Mobile Payments News Round-Up

Mobile Commerce News Weekly – Week of March 5, 2012

The Mobile Commerce News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile payments, mobile money, e-wallets, mobile banking and mobile security that I run across each week.  I am specifically targeting market size and market trend information.

Visa and Intel have announced a partnership that should make it easier for consumers to make mobile payments via phones and tablets powered by Intel chips. Users will be able to wave an Intel-powered smartphone equipped with NFC technology to make a payment quickly at retail points of sale. Read Original Content



Isis announced this week that Chase, Capital One and BarclayCard will enable their credit, debit and prepaid cards for the Isis Mobile Wallet that's expected to launch in mid-year. The three credit providers represent about 100 million cardholders. Read Original Content

Visa will soon offer a “one-stop” mobile payment solution. The  “Visa-certified” NFC-equipped device will be securely linked with a user’s bank account and be used to make mobile payments anywhere Visa’s payWave system is accepted. Read Original Content

Verivo is a leading provider of enterprise mobility software, Verivo helps companies accelerate their business results. Its unique technology empowers teams to build, deploy, manage and update their mobile apps -- rapidly and securely. Verivo’s mobility platform is used by hundreds of companies in numerous industries, worldwide. This newsletter is sponsored in part by Verivo.  To learn more, visit www.verivo.com

According to a Fiserv Consumer Trends Survey, tablet banking is increasing, with 40 percent of respondent households expecting to own a tablet by mid-2012. Of those, 45 percent planned to use the tablet for banking. Also, 37 percent of households with one tablet planned to buy another tablet. Read Original Content

Google and others are promoting NFC technology, but PayPal's head of mobile, David Marcus, is skeptical: "For NFC to succeed you need consumers to have the handsets, and merchants to install the terminals. It will take time for NFC to get mass adoption. By the time NFC catches up, we'll be in a world that will move away from the point-of-sales terminal." Read Original Content

In Afghanistan, where nearly 37 percent of the population lives below the poverty line, M-Paisa, a mobile payment service, was launched as a pilot project for providing microloan disbursement and repayments for Micro Finance Institutions as well as for person-to-person money transfers. Read Original Content

In the UK, Reading is set to become the first town to have all its bus shelters made interactive for smartphone users. The shelters will become NFC and QR enabled. Passengers will be able to download discount vouchers, games and video clips while waiting for the bus. Read Original Content

Sage North America has partnered with numerous Girl Scout Councils to add mobile payment as an option for cookie sales. To date, 32 Girl Scout Councils in 23 states, representing more than 40,000 troops, can now use Sage Mobile Payments. Read Original Content

LevelUp, a mobile payment and rewards network, which it launched into beta in July 2011 saw $1 million in transactions through its system in 2011, but it is now seeing its users spend over $1 million per month, and engagement has been doubling every five to six weeks. Read Original Content

A survey of the American Banker Executive Forum found that 42 percent of banks currently offer mobile banking or mobile payments. Among those that don't, 40 percent have firm plans to offer them within the next 12 months. Most of these bank apps (91 percent) are geared to consumers; half are meant for small-business clients. Read Original Content


New NPD In-Stat research forecasts that proximity mobile payment transactions will approach 9.9 billion in 2016, up from 1.1 billion in 2012, representing nearly a ten-fold increase. Read Original Content

According to a report in the Wall Street Journal, Wal-Mart, Target and a couple dozen major retailers have decided to work on their own next-generation mobile payment system that will compete against the likes of Google Wallet, Isis, PayPal and many others. Read Original Content

Read the original blog entry...

More Stories By Kevin Benedict

Kevin Benedict serves as the Senior Vice President, Solutions Strategy, at Regalix, a Silicon Valley based company, focused on bringing the best strategies, digital technologies, processes and people together to deliver improved customer experiences, journeys and success through the combination of intelligent solutions, analytics, automation and services. He is a popular writer, speaker and futurist, and in the past 8 years he has taught workshops for large enterprises and government agencies in 18 different countries. He has over 32 years of experience working with strategic enterprise IT solutions and business processes, and he is also a veteran executive working with both solution and services companies. He has written dozens of technology and strategy reports, over a thousand articles, interviewed hundreds of technology experts, and produced videos on the future of digital technologies and their impact on industries.

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