Enterprise Ireland: Payments In Motion's Weblog

E-payment threat to bank revenue

paymentsinmotion — Mon, 29 Sep 2008 18:04:53 +0000

The increasing popularity of online payment providers like PayPal and Amazon Checkout, combined with the emergence of mobile commerce, threatens to leave banks lagging in the e-commerce world, according to Cisco.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=19054

Visa plans m-payments apps for Android

paymentsinmotion — Fri, 26 Sep 2008 14:13:09 +0000

Card network Visa is developing mobile payments software for handsets that run on Google’s new phone operating system, Android.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=19043

Visa kicks off mobile funds transfer pilot

paymentsinmotion — Fri, 26 Sep 2008 14:11:13 +0000

Card network Visa is partnering with US Bank to launch a mobile money transfer pilot that will enable customers to transfer funds between Visa accounts using their handsets.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=19038

RBC trials SMS payments service

paymentsinmotion — Fri, 26 Sep 2008 14:08:21 +0000

Royal Bank of Canada (RBC) is trialling a mobile person-to-person payments service that lets customers send and receive money instantly using SMS text messages.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=19041

Contactless cards win over users, but struggle to reach the mainstream

paymentsinmotion — Wed, 17 Sep 2008 14:54:37 +0000

Despite the fact that over 90% of Americans that own contactless payments cards like using them, three quarters of the population are not even aware of the technology’s existence, according to a survey commissioned by the Smart Card Alliance.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=19005

HSBC offers ‘plug-and-play’ outsourced payments processing

paymentsinmotion — Tue, 16 Sep 2008 15:42:00 +0000

HSBC has launched a ‘plug-and-play’ outsourced payments system for corporates and banks looking to ease back office connectivity issues and lower the ongoing fixed costs associated with managing their own transaction processing activities.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=18961

Global payment network council to establish online interoperability

paymentsinmotion — Thu, 11 Sep 2008 18:29:53 +0000

A group of five payment network operators from Europe and North America are coming together in a bid to establish common standards and rules for global interoperability of online payment networks.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=18956

Americans switching on to m-banking

paymentsinmotion — Wed, 10 Sep 2008 14:37:13 +0000

Around three quarters of US customers – 75% – would now consider using mobile banking services if offered, up from 49% in 2006, according to research released by fintech vendor Fiserv.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=18951

Wells Fargo extends mobile business banking service

paymentsinmotion — Thu, 04 Sep 2008 16:51:19 +0000

US bank Wells Fargo has upraded its mobile business banking service, CEO Mobile, to enable users to initiate and approve federal tax wires.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=18929

EC moves to kick start Sepa direct debit scheme

paymentsinmotion — Thu, 04 Sep 2008 13:11:13 +0000

EU authorities have called on banks to push ahead with plans to introduce pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.

Full Story & Source: http://www.finextra.com/fullstory.asp?id=18927