Once the app is on their smartphone they can send money to anyone over 18 with a UK mobile number and a UK bank account who has registered online to receive payments. The cash - from a minimum of £1 to a maximum of £300 - is then delivered using the Faster Payments service, with Barclays sending b
With the Sepa journey seemingly nearing an end thanks to the recent decision to finally set migration deadlines, the EC says that the project should now be used as a springboard to create a competitive and innovative payment market through electronic and mobile payments. The commission says that bui
The small-scale trial means that a group of PayPal employees can use their PayPal accounts to buy goods at five Home Depot stores. Participants can either swipe a card connected to their account or enter a code and their phone number into the terminal. The pilot is a small step in PayPal's ambitions
The Japan Mobile NFC Consortium, established by NTT Docomo, KDDI and Softbank Mobile, aims to bring the operator's product sets into line with international standards. The consortium members already offer the Osaifu-Keitai (wallet phone) mobile services based on Sony's contactless-IC smartcard FeliC
The PayPal Instore apps for iPhones and Android devices link to NFC stickers that users attach to the handsets, according to Mobile Payments today, which first reported the news. These stickers are being provided by ski and sports equipment retailer Alpingaraget and computing outfit Webhallen at the
The P2P payments system will allow registered users to transfer funds to any Visa cardholder in Europe from their mobile phone. The app makes it easy to send money to an address book contact, to a mobile phone number, or to a specific Visa card number - whether or not the recipient is registered wit
The RFP says the system needs to be able to gather data from major social media platforms - Facebook, Twitter, blogs, forums and YouTube - and aggregate information from media outlets such as CNN and the Wall Street Journal. The technology must be capable of real-time monitoring of relevant conversa
China UnionPay has overtaken Visa as the world's largest payments card scheme, according to Retail Banking Research (RBR). There were eight billion payments card in circulation in 2010, says RBI, of which 29.2% carry the UnionPay brand, compared to 28.6% for Visa. However, Visa is still well ahead i
Google is preparing beta tests of a commercial credit card which will be issued to cash-strapped small businesses in an effort to encourage ad spending. The AdWords Business credit card promises a competitive interest rate of 8.99% and no annual fee with the sole proviso that it can only be used for
Google is betting that special offers aligned to single tap payments will provide the extra incentive that consumers need to ditch their plastic at the point-of-sale and switch to mobile. Yesterday, the company announced a reputed $10 million acquisition of loyalty card start-up Punchd. The one-year
Citi has become the latest high profile victim of computer hackers, suffering a data breach that puts the personal information of around 200,000 North American card customers at risk.
Launched in 2009, Bitcoin has received a rash of publicity in recent months for its increasingly popular virtual currency which bypasses banks and clearing houses. The coins can be generated online by people running an application called a Bitcoin Miner and are then stored in the user's digital wall
RSA is offering to replace virtually all 40 million SecurID token currently in use at major corporations worldwide, after acknowledging that a recent security breach at US defence contractor Lockheed Martin used information gleaned from a successful hack of RSA data in March. この件、洒落に
Hawetin decided to set up the fund after reading research published in October that found that analysing the content of daily Twitter feeds using two mood tracking tools enabled the team to predict with an 87.6% accuracy the daily ups and downs in the closing value of the Dow Jones Industrial Averag
The digital wallet will store Visa and non-Visa payments accounts and support NFC through payWave, letting customers complete transactions online, with their mobile, on social networks and at the point-of-sale. Customers use an e-mail address, alias or online ID and password for payments, instead of
PayPal has acquired mobile payments company Fig Card for an undisclosed sum in a deal that sees the start-up's founders, serial entrepreneurs Max Metral and John Granbery, join the eBay unit.
The FBI has issued a fraud alert, warning small US businesses to watch out for cybercrooks compromising their online banking details and wiring money to companies in China.
Home Depot to roll out PayPal in-store payments nationally
Barclays launches mobile number-based P2P payments service
EC bids for integrated card, Internet and mobile payments
PayPal partners Home Depot to trial POS tech
Japanese mobile operators form NFC consortium
PayPal trials mobile NFC payments in Sweden
Visa Europe unveils mobile P2P payments and alert services
Fed to monitor social media chatter
China UnionPay overtakes Visa as world's biggest card scheme
Google to launch credit card; PayPal to move offline
PayPal adopts NFC for direct phone-to-phone payment transfers
Google makes land-grab in new mobile commerce gold rush
Hackers hit Citi card customers
US senators voice fears over Bitcoin link to online drugs market
RSA offers to replace all SecurID tokens following corporate hack attacks
Twitter-based hedge fund launches
Visa preps digital wallet
PayPal buys mobile start-up Fig Card
Crooks hacking US accounts and wiring money to China - FBI
Massive Sony data breach leaves card details at risk