Aneace's Blog: A counter-intuitive way to make mobile payments i
Put loyalty and prepaid cards on mobile phones first, which will create the desire to have credit and debit cards as well, integrated into a single transaction. Going the other way, credit cards first, will be extremely challenging. The difference is the value proposition to customers and retailers. The main promise of putting credit and debit cards onto an NFC mobile phone seems to be, "you can leave home without your wallet". Some other promise is needed. On the other hand, with loyalty and prepaid cards, Taggo’s promise is, "no more fat wallets". I see loyalty and prepaid cards going onto phones first, then pulling credit and debit cards on in a second phase.
Mobile. Money. Official Obopay blog
Digital Money Forum: Camp community
[Dave Birch] There was another thought-provoking BarCampBank in London last month. Many thanks indeed to Frederic and the gang for pulling it together and a special mention for Sun's super hospitality. As well as catching up with friends and meeting new people, I got to sit in on a series of fascinating discussions. Some of the ideas being kicked around were fairly mainstream, but some were really out of the box (I particularly liked the lunar phase model for hedge fund investment). All I ask from such an event is to go away with more ideas than I came in with, and once again the format and the audience delivered. But what I've been reflecting on since the event is one specific thread: community. In Canada, there's a branch of CIBC that already sells "Toronto Dollars". Some of the new forms of alternative currency that are emerging are really quite different from the LETS and Time Banks that are so often seen as being "the" alternative currencies.
p2p - Person to Person Payments - Payments News Archive
FIS has announced results of the third phase of a consumer banking behavior study finding that "consumers who transfer money person-to-person -- especially those sending money overseas -- want to make those transactions immediate; and, while young consumers are more likely to be among the early adopters of real-time payments, most importantly, they want the process to be convenient and easily accessible." Real-time payments are clearly the future of money movement, according to the consumer demands laid out by our data,” said Anthony Jabbour, EVP, North American Financial Institutions, FIS. “As the research has shown, people trust their financial institutions to bring them real-time payment solutions, but they will use other avenues if their bank can’t meet their needs. Faster payment was rated as being important by 80 percent of outbound foreign money transfer users, because it provides both senders and recipients with peace of mind.
A Revolution in Payments — Payments Views from Glenbrook Partner
Today’s announcement of American Express acquiring Revolution Money caught many of us industry pundits by surprise – especially given the $300 MM price tag that Amex paid for the deal. But, upon reflection, and after listening to the Q&A section of Amex’s conference call earlier today, you can see why they were motivated to do this deal. No question about it – Revolution Money was an innovator – indeed, they were such an extreme innovator that many payments experts dismissed what they were doing – in spite of the list of sterling investors and board members they had acquired along the way. (See also my partner Bryan Derman’s post – “This Revolution will be Televised! It’s been a while since any other new payments company attracted the level of investment funding that Revolution Money did over the last four years. On a Twitter post earlier today, Steve Case said “Revolution Money is great example of 3 P’s of entrepreneurship: people, passion & perseverance.
To Adopt Mobile P2P Payments, Consumers Demand Speed and Securit
by MarketingCharts staff Still, 67% of consumers surveyed expressed clear hesitance in using mobile P2P payment services, saying they would be “very unlikely” to adopt them: Speedy, Secure Payments Consumers cited speed and convenience as primary incentives for adopting mobile P2P payment services. However, security is a main concern: The loss of personal information (62%) and fraudulent transfers (52%) are fears even among “tech savvy” consumers.63% of consumers said enhanced security would encourage them to use mobile P2P payments. “Perceived security threats are definitely the sticking point for mobile P2P payments right now,” said Mary Monahan, partner and senior analyst at Javelin. Interested Segments Below, the demographic findings from the report. New Markets Unbanked consumers – those without checking or savings accounts – are good candidates for mobile P2P adoption, Javelin said.
Prepaid Debit Card Companies: What’s your mobile internet paymen
Mobile devices that connect to the Internet are hot. In fact, Morgan Stanley (NYSE: MS) predicts that within five years, more people will connect to the Internet using mobile devices than with desktop computers. The opportunities in mobile are huge. So, prepaid debit card companies, what is your mobile payment strategy? Morgan Stanley published their Mobile Internet Report in December 2009. The mobile Internet is ramping faster than desktop Internet did, and we believe more users may connect to the Internet via mobile devices than desktop PCs within 5 years. Morgan Stanley also predicts that the “bubble” associated with mobile Internet could exceed that of the Internet bubble, stating: Material wealth creation / destruction should surpass earlier computing cycles. So what does this mean for prepaid debit card companies? Huge opportunities. Remember the early Internet days when Visa, MasterCard, and others fumbled around for payment solutions that could be easily used on the Internet?
Mobile Banking - Mobile Trading - IP TV - Agence Virtuelle
Mobile Payments Videos We Like — Payments Essentials
Sébastien Burlet (lemonway)
Why is Visa interested in mobile payment company Square?
Connect with leaders from the companies in this story, in real life: Come to the fourth annual VentureBeat Mobile Summit April 14-15 in Sausalito, Calif. Request an invitation. Mega credit card company Visa appears to be incredibly impressed with mobile electronic payment startup Square, according to a company blog post. The post titled “Emerging Payment Types = New Opportunities” starts by spotlighting a recent interview by All Things Digital with Square founder Jack Dorsey and continues by graciously praising the company’s vision as a “big deal.” Square, founded in 2009, has created a small device which attaches to a mobile device to allow the user to accept credit card payments. So why is Visa stroking the startup’s ego? Lastly, perhaps Visa is looking to get on Square’s radar for an acquisition. Regardless of the reasons for the post, it’s a good sign that Square is making headway with entrenched financial institutions, which is going to be one of the keys to truly mass adoption.
