Eftpos

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Wells Fargo joins Isis Mobile Wallet scheme

Wells Fargo is to allow customers to load their credit cards on to the telco-backed Isis mobile wallet in the first phase of a pilot test of the technology, which enables consumers to use their handsets to pay, redeem coupons and present loyalty credentials at the point-of-sale.

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CommBank and Westpac to put Australia at forefront of Mobile NFC wave

Commonwealth Bank of Australia has released a mobile NFC-based payments application for Samsung handsets, just ahead of rival bank Westpac, which has abandoned plans for sticker-based payments in favour of a fully-fledged mobile roll-out early next year.

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PayPal boss backs bitcoin, but not as a currency

PayPal president David Marcus has predicted that bitcoin could double its value over the next year as it continues to prosper as an investment asset but insists that the cryptocurrency is not a real currency.

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Hong Kong mobile operator 1010 moves into mPOS market

Hong Kong mobile operator 1010 has partnered with Global Payments to introduce a mobile point-of-sale reader that turns smart phones and tablets into card acceptance devices.

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ExxonMobil joins MCX

More retailers, including the world's largest publicly-traded oil and gas company, ExxonMobil, have signed up to the Merchant Customer Exchange (MCX), the retail-led coalition that is bidding to build a stake in the US consumer mobile payments market.

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UK consumers not interested in mobile payments at the checkout - YouGov

A YouGov poll of UK consumers has shown a strong resistance to mobile payments technology for paying for purchases at the point-of-sale.

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Thai telco TOT makes three-pronged assault on mobile payments market

Thailand's state-owned telco TOT is to wade in to the mobile payments arena next year with the launch of an NFC-based mobile wallet, a tablet-based mobile point-of-sale device, and a Web-based customer relationship management system for managing inventory, tracking customer transactions and running rewards programmes.

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In wake of latest meltdown, RBS boss admits decades of IT neglect

RBS chief Ross McEwan has admitted that the bank has failed to invest properly in its IT system for decades after customers were left unable to access their money or pay for goods on Cyber Monday.

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SimplyTapp closes funding round to push HCE-based NFC payments

SimplyTapp, the US start-up which says it created the 'Host Card Emulation' (HCE) approach to mobile NFC payments recently embraced by Google, has raised its series a funding round.

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Mobey Forum calls for banks to gen up as mPOS market grows

Banks and financial institutions globally need to develop mobile point of sale (mPOS) strategies now, as the technology evolves beyond its sole trader roots to major high street retailers, says the bank-backed Mobey Forum.

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Bank of East Asia to debut mobile payments service in 2014

Hong Kong's Bank of East Asia is to introduce mobile contactless payments in the first quarter of 2014.

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Google Wallet gets physical card companion

Google Wallet is finally getting a companion physical pre-paid debit card as it shifts ever further away from its NFC roots.

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DNB and Telenor to roll out national NFC payments platform

Norwegian telco Telenor and local bank DNB are to launch the country's first nationwide mobile payments service, 'Tap2Pay'.

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McDonald's rolls out remote mobile order and payment system across France

Fast food chain McDonald's is to extend a mobile ordering and PayPal payment app programme across its French network following a successful trial at 80 establishments.

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Seamless mobile wallet arrives in Belgium

Swedish mobile payments outfit Seamless is arriving in Belgium after striking deals with local bank bpost and fast food giant McDonald's.

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Asian banks sign for OTI audio-jack plug-in for mobile NFC payments

Israeli vendor On Track Innovations (OTI) says a consortium of banks in Hong Kong, Taiwan and Macao has signed for its Wave device, which plugs into the audio-jacks of smartphones, enabling them to make NFC payments.

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Fintech fund Opus Global hires Goldman Sachs veteran Julio Quinteros

Opus Global, the new $500 million fintech investment fund set up by former VeriFone CEO Doug Bergeron and private equity house GTCR, has poached Goldman Sachs veteran Julio Quinteros.

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Rabobank preps commercial Dutch NFC m-payments service

Rabobank is preparing a full Netherlands-wide commercial launch of an NFC mobile payments service next year.

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Orange and Visa team on NFC m-payments in France

Wireless operator Orange has teamed up with Visa to roll out a mobile contactless payments service across France.

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Fico correlates locations of mobile phones and card transactions to tackle fraud

Fico has developed fraud protection technology which checks a person's location, via their mobile phone, against the location of the ATM or point-of-sale terminal where their card is being used.