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Obopay Inc. on Thursday announced four new businesses for its mobile-commerce application, bringing to six the number of companies using the Redwood City, Calif.-based processor's service to enable payments via handsets. The news follows Verizon Communications Inc.'s decision to adopt Obopay's application for mobile payments on its wireless network, which …
Read More »Mobile Web Surfers Soar As Payments Players Rev up M-Commerce
Just as U.S. banks and merchants rev up plans for mobile commerce, U.S. mobile phone users are accessing the mobile Web more than ever, with a particularly strong spurt of growth in usage over the past year. Some 21% of worldwide links to the mobile Internet through a platform operated …
Read More »PayPal Mobile Services Get Major Boost in Internet Retailing
DVD Empire is among the first of what will apparently be a series of Internet merchants this summer to adopt a new payments service offered by PayPal Mobile. The Warrendale, Pa.-based online seller of DVDs is going live with a Wireless Application Protocol (WAP) site for mobile phones, with payments …
Read More »Report: M-Banking Set to Soar, Will Lead to NFC Payments
The recent surge of interest by banks in allowing customers to view accounts, pay bills, and perform other functions via mobile phones is paving the way for mobile payments to merchants at the point of sale, according to a new research report. In particular, the report argues, mobile banking will …
Read More »Less Hype, More Substance Now Behind M-Banking, M-Payments
Unlike efforts during the dotcom boom to introduce mobile payments and banking?efforts that turned out to be more about hype than substance?initiatives emerging now to deliver financial services via mobile phones will find a ready and willing market, according to executives with a major wireless carrier and bank card network …
Read More »Processor Plans To Combine Prepaid MasterCards with Phones
Prepaid card processor eCommLink Inc. is joining with mobile phone and payment technology providers to offer a cell phone and prepaid debit MasterCard tied to a single account. The prepaid MasterCard function eventually will be incorporated into the phone, enabling consumers to use the phone for payments at merchants' points …
Read More »A Startup’s Technology Starts to Accelerate M-Commerce
A Seattle-based startup that translates merchant sites to the mobile Web in a matter of minutes has doubled the number of sites it has signed up for its service in the last six weeks, according to the company's top executive. The company, mPoria Inc., now has about 30 sites signed …
Read More »First Data’s ViVOtech Stake Could Pay off for Both Companies
ViVOtech Inc., the Santa Clara, Calif.-based maker of contactless point-of-sale card readers and mobile-wallet applications, is raising $20 million in its third round of venture-capital funding. The lead investor in this latest round announced this week is none other than First Data Corp., the No. 1 payment-card processor. ViVOtech, First …
Read More »Banks Are Starting To Go Mobile, But Consumers Are Ho-Hum
Just as banks are starting to jump back into the mobile-banking market, a research report has emerged to indicate consumers may still not be ready to use their handsets for transaction services. Only 8% of online users who own a cell phone say they are interested in using the device …
Read More »FDC’s Authentication Play Sets It up for Contactless And M-Commerce
First Data Corp. this week captured big headlines with its $29 billion plan to go private (Digital Transactions News, April 2), but another development at the company could also have a significant long-term impact on the electronic-transactions business. The big processor late last month reported it has licensed patents from …
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