The m -commerce joint venture between UK operators Everything Everywhere, O2 and Vodafone; Weve (formerly Project Oscar)is going down the outsourcing route to grow quickly. The JV will outsource HR, payroll and recruitment functions to HR outsourcing specialist plusHR.
Partnerships between financial institutions and other firms such as telcos offer a chance to bring new services such as mobile banking and payments to millions of customers. But innovators should be prepared for the long haul, according a panel of senior industry representatives speaking this week.
Last week I attended the GSMA’s NFC & Mobile Money Summit in Milan to take the pulse of what’s been happening in the mobile contactless payments space over the past year.
Russian telecoms operator MTS is planning to provide banking services to customers that lack a traditional bank account, following an agreement to purchase a 25.09 per cent stake in MTS Bank.
SIM card maker Giesecke & Devrient (G&D) has announced a mobile wallet solution. The solution, called SmartTrust Portigo allows users to make debit and credit card payments using their smartphones and also enables them to store ID cards, loyalty cards, public transport tickets, and access keys for buildings and vehicles in the electronic wallet.
Financial services firm Visa has carried out a study of the mobile money deployments in six emerging markets to find out how providers can generate high registration rates as well as high active usage in their target markets. The study found that the key barrier facing mobile money providers is their ability to understand the local vernacular to market their services effectively.
Drive-through ATMs that provide video chat with a bank advisor, the debate over the relationship between ATMs and NFC contactless payment, and the possibilities for improving the efficiency of cash systems – all are on display at Wincor World in Rheda-Wiedenbrück, Germany, this week.
The use of mobile devices such as smartphones, tablet computers and laptops has transformed the way we run our personal lives and now they are having a huge impact on our work lives too. Mark Danton, general manager, Global Security Programme, BT, talks about the issues facing financial institutions as they weigh possible gains in productivity against the security risks.
Mobile banking solutions must provide immediate benefits if they are to become successful – including the ability to complete a purchase in one click, support for contactless payment, and the ability to make small payments, according to senior market participants at the SIA Expo in Milan last week.
Two global operator groups have joined forces in a bid to create a shared network API platform, offering operator partners and developers an opportunity to build and market apps to 460 million customers.
Milliseconds can mean millions of dollars in the hyper-competitive world of high-frequency financial trading. Trading institutions are driving demand for ever faster throughput speeds in communication networks that span the globe.
Turkish operator Turkcell has launched a SIM-based mobile wallet that works on smartphones, using a native application, as well as feature phones. It also supports contactless payment on NFC-enabled phones.
As a wave of new contactless and mobile banking services begin to make inroads into retail business, the gradual death of cash will improve the efficiency of business enormously, says Tony Virdi, head of banking and financial services UK at consultancy Cognizant.
There is certainly something in the air with mobile payments. Long talked about in mobile, technology and banking circles, it seems that the idea of using a phone to make purchases and move money around is finally coming to fruition.
One-third of UK consumers expect to be using smartphones to do all their banking by 2020, while two-thirds of banks expect everyone to be using mobile banking in some capacity by 2017, according to a report released by business technology provider Avanade this week.
It’s that time of year again readers: Back to school. New shoes; new backpack; new Windows Phone 8 device?
Yep, they’re finally here – – those first Windows Phone 8 handsets, launched in that awkward window between the end of August and the annual Apple product frenzy that takes place in early September. As if Windows Phone champion Nokia didn’t already have enough to worry about, handset king Samsung delivered the Finn a ringing slap across the face by announcing its own WP8 unit six days earlier.
The mobile commerce joint venture between UK operators O2, Vodafone and Everything Everywhere (parent of the Orange and T-Mobile brands in the UK) has been granted unconditional approval by the European Commission (EC).
US operator AT&T has made mobile payment firm Square’s card reader available in more than 1,000 of its retail stores. The Square Card Reader plugs into the headphone jack of smartphone or tablets and enables individuals and businesses to begin accepting payments on their mobile device.
In a move to ignite mobile payments in the UK, operator group Everything Everywhere, formed by the merger of the Orange and T-Mobile brands in the country, has signed an exclusive, five-year partnership with payment processor MasterCard. The two firms said that they plan to develop mobile and digital payment solutions for the operator’s 27 million-strong subscriber base, by combining their financial and technological assets to create new payment products and services.