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Read More »With $5 Million Round, Mobibucks Is Latest NFC Alternative to Draw Investors
While point-of-sale payments using near-field communication (NFC) technology appear to be drawing closer, systems that let consumers make mobile payments in stores without NFC are drawing investor interest. This week, Mobibucks, a Louisville, Ky.-based startup, announced a $5 million Series A funding round led by Acadia Woods Partners. The …
Read More »Deal for Zong Hands PayPal New Funding Option for Mobile Payments
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Read More »Intuit Buys Technology from Citi-SK Telecom Venture to Speed up Mobile Launches
n Intuit announced late on Monday that it had acquired the mobile Web platform developed by San Mateo, Calif.-based MMV, a joint venture formed in 2008 by Citigroup Inc. and SK Telecom, a major South Korean telecommunications company, to offer mobile-banking capability worldwide. Intuit, which had been licensing the …
Read More »Regulators Update Online-Authentication Guidance, But What About Mobile?
Federal banking regulators on Tuesday updated their 2005 guidance about authentication for Internet banking. Officially a supplement to the original guidance, the new document addresses social media, malware, and other security issues that have cropped up in recent years. It also allows financial institutions about seven months to comply. …
Read More »Why a Florist in Austin Could Portend a Rosy Outlook for Isis
n Mike Martinez, co-owner of Ben White Florist Inc. in Austin, Texas, says the lack of NFC-enabled smart phones in the U.S. is not an issue for him. He notes the rapid technological evolution of smart phones and the frequent upgrade cycles of consumers. “It will take some time, …
Read More »PCI Council Releases ‘First Step’ Guidelines on Mobile-Acceptance Apps
The PCI Security Standards Council on Friday released its first guidelines on mobile-acceptance applications since announcing in November that it had stopped reviewing such products. The Wakefield, Mass.-based Council, which manages the Payment Card Industry data-security standard (PCI), also said it hopes to start forming a broad group of …
Read More »Discover Chief Says Pulse Has Beefed up for Expected Durbin Volume
With final debit card regulations at hand that will end exclusive partnerships between payment networks and debit card issuers, the head of Discover Financial Services says his company has added capacity to its Pulse electronic funds transfer network to handle anticipated new business. n Nelms was responding to a question …
Read More »Huntington Plans to Keep Upgrades Coming at a Fast Clip for New Mobile Service
n Dennes, who joined Huntington in September after helping to launch a popular mobile-capture application at USAA Federal Savings Bank, says the bank has “interest” in a point-of-sale payments capability, likely based on near-field communication (NFC) chips. Visa Inc., MasterCard Inc., Google Inc., and a carrier-led joint venture called …
Read More »PCI Council Issues Virtualization Guidelines, Still Crafting Mobile Rules
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