Mobile Wallets 'Better Value' Than eWallets
Not all mobile wallets are the same, says Dennis Hennessey, of Network365, with regard to client and hosted wallets, but hosted wallets provide a wider range of payment options. Hosted wallets also of...
Banks 'Must Not Be Passive In P2P Payment'
P2P-associated payments services will generate over 100 million transactions in 2002, but only 9 million of these will represent true P2P consumer volume, according to TowerGroup. "Pure Internet P2P p...
Hackers 'Tend To Target Bank Processors'
Between 1998 and 2000, Brink's Internet Security estimated "50 per cent of non-bank online banking services to have existing vulnerabilities", and the numbers are still much the same. If a hacker is d...
NCR, Banks Test Phones In ATM Withdrawals
Consumers in Denmark can use a mobile phone to obtain cash from ATMs in a pilot facilitated by two banks, Spar Nord Bank, and Laan & Spar Bank, and technology providers, AU-System, and beamtrust. On a...
OCC: Banking Security Incidents 'Are Rising'
While online banking is tipped to grow to 34 million users in 2005, up from 22 million households in 2002, the number of "skilled financial intrusions" is rising, says Ed Skoudis, of security firm, Pr...
Compaq, Creditel, cStar Push Wireless POS
Several wireless solutions providers, including Compaq, Creditel and cStar, are eyeing the USD 14 billion revenue opportunity that AMI (Access Markets International Partners) sees for their technology...
PayPal 'Will Not Overturn The Card Firms'
While PayPal is an example of how payment intermediaries can boost the eCommerce market, Giga analyst, Penny Gillespie, does not see P2P payment firms challenging the dominance of credit cards. Credit...
ePayments To Close Gap With Cash By 2005
Today's "explosive growth in credit cards" is being fueled by economies of scale in processing, overall convenience and security, according to an ePayments report from SunTrust Robinson Humphrey. Anal...
Satelindo Offers Automated Prepay Top-Ups
Mobile top-ups will be the single largest mobile payment application, according to Geert Hilbrandie, of solutions provider, Zaryba, whose technology Indonesian carrier, Satelindo, is using for a top-u...
IM 'Could Cut Shopping Cart Abandonment'
Instant messaging, which is "spontaneous, and fits right into the flow of the transaction" could help e-tailers prevent the abandonment of online shopping carts, according to Gartner Group. With most ...
'Innovative' GPRS Services Key To Profits
By end-2003, 13 per cent of Western Europe's mobile subscribers will use GPRS, but carriers must offer user-specific applications and pricing plans to drive its uptake, according to Analysys. Consumer...
Consumers Are 'Wary Of Online ID Systems'
Online authentication systems such as Microsoft's Passport, will complicate consumers' lives in that different IDs will be needed for multiple services, according to a recent Gartner survey. While For...
US Consumers Link Card Purchases To ID Theft
Forty-two per cent more Americans are more concerned about the risk of identity theft in 2004, than in 2003, according to research firm, Insight Express, and almost three in five are protecting themse...
GZS Secures First Cross-Border Deal
German card processor, GZS, has won a contract from Swiss card issuing consortium, Viseca Card Services, in a deal with a dual significance, according to the European Card Review. The deal represents ...
Yankee: Prepaid Is Key To Carriers' Profits
US carriers will have to look to prepaid services for growth, since by 2006, over 30 per cent of subscribers will be prepaid, up from 12 per cent at end-2001, according to the Yankee Group. "For carri...
Deloitte: Phones 'Will Be Key Payment Tool'
While mCommerce is gaining traction, says Paul Lee, of Deloitte Consulting, the multiple parties involved, namely banks, operators, merchants and the public, "are not working well together". The accep...
Paid Online Content Gaining Traction In US
With Forrester expecting up to one-third of Internet users to pay for online content by next year, players "have to start acting less like a media firm and more like a retailer". Yahoo, for one, has o...
Hong Kong To Roll Out Mobile Certification
The Hong Kong M-Cert Implementation Forum, formed by the six major carriers to establish a single mobile certificate for PKI-based mCommerce, is to roll out a single-standard system. The interoperable...
Alon USA To Offer M-Payments At Stations
By this summer, motorists at Alon USA gas stations in Texas, will be able to use their mobile phones to buy fuel, and to make purchases at 7-Eleven stores on the forecourt. Purchases from vending mach...
New Credit Card Scam Hits Authorize.Net
In a new scam, named "'brute force' credit card thievery" by MSNBC, criminals are running thousands of tiny charges through merchant accounts, to find legitimate credit card numbers. Merchants with ac...