Posts Tagged mobile payments
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PayPal trumps banks on mobile micropayments
OPINION Watching the bevy of announcements coming out of PayPal’s X Innovate conference this week, you could be forgiven for thinking banks have entirely missed the mobile payments boat. Online media giants including Facebook and FT.com have jumped on board PayPal’s new digital goods payme...
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ANZ embraces mobile payments
NEWS ANZ has released an iPhone application that allows customers to send money to anyone with an Australian bank account using only their mobile phone number as an identifier. It is the first application launched by a major Australian bank that offers a "pay by mobile" function, which al...
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Fiserv launches ZashPay, paving the way for an Australian deployment
US online banking vendor Fiserv has officially launched its person-to-person mobile payments service known as ZashPay to American consumers, paving the way for an Australian bank deployment. ZashPay allows anyone to send and receive money (currently only in the US), using only the recipients name...
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PayPal head of mobile on the future of money
PayPal has been doing its bit this week to raise awareness of the growing online retail opportunity in Australia. It seems overseas competitors are currently taking around 40 per cent of Australia’s online spend – it’s the kind of statistic that should have Aussie online entrepreneurs rubbing ...
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Is hardware the future of mobile payments?
One of the less talked about features missing from the controversial iPhone 4, which was allegedly stolen from a bar and sold to a journalist in April, is the contactless capability many bankers have been waiting on. An examination of the photos of the iPhone 4 and its components finds no evidenc...
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Travel pass
Near Field Communication technology has been a godsend for some of the world's major global transit systems, but what's in it for banks and telcos? BY ELTON CANE Since the first contactless card mass transit system was deployed in Hong Kong in 1997, industry observers have claimed contactless...
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PayPal hatches plans
PayPal is looking to grow its market penetration for online payments by engaging developers through a competition and startup incubator scheme BY ELTON CANE Despite some teething problems, PayPal has taken its developer community engagement to a new level since the November launch of its PayP...
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Making P2P mobile payments a reality
News last week that Nokia is to launch a financial services offering enabling peer-to-peer mobile payments has many in the banking industry talking.The move is probably a greater threat to Western Union than it it to large banks, but it will push banks to more seriously consider the peer-to-peer pay...
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Payments the new competition battleground in banking
Today’s announcement by Woolworths that it is to move into mobile telco services with Optus paves the way for the retailer to offer debit and/or loyalty card products via mobile devices. It’s no secret that Woolworths has ambition to issue more cards, and since it wound down its EzyBanking r...
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M-Com signs Washington Mutual
New Zealand based mobile technology company M-Com has signed its first US client.America’s 6th largest bank, Washington Mutual, will use M-Com to deliver an end-to-end mobile banking and payments platform, beyond the basic WAP site on offer from many of the bank’s competitors.The bank has 17 mil...
