Egg Launches E-Mail Based P2P Payments
UK-based virtual bank, Egg, has launched "Egg Pay", a new service that enables bank customers to transfer funds of up to Stg 200 by e-mail to any of the 110 million bank accounts in the UK. Senders wa...
XACCT Offers Advice-Of-Charge Solution
Mobile solutions provider, XACCT, is offering a new Content Advice-of-Charge solution that interacts with legacy prepayment systems and e-wallets to allow carriers to dynamically charge for content in...
SEB, Hi3G Team For Mobile Banking Service
Hi3G, one of Sweden's four 3G telephony license holders, has teamed with Swedish bank, SEB, to offer mobile banking services in an attempt to gain an edge over its competitors. Sweden is due to get 3G...
US Carriers 'Need New Billing Infrastructure'
To benefit from mCommerce, carriers must "develop the infrastructure for new billing systems" and move "from per-minute charges to per-kilobit charges", or per-download charges, the Yankee Group advis...
PayPal 'Needs Bigger Anti-Fraud Cushion'
PayPal "could be asked to build a bigger cushion against fraud" as a result of the news that MasterCard "will no longer work with third-party credit card payment systems", according to USA Today
Ericsson, Vodafone Offer Cashless Parking
Ericsson, Vodafone and Cellenium have launched a Cashless Parking scheme in Hull City, UK, to show consumers how mobile technology can expedite the payment process and optimize car parking services. T...
New MS .NET Strategy Resembles Liberty's
Microsoft will not replicate its desktop hegemony in eCommerce, says Giga analyst, Andrew Bartels, who notes, "Microsoft is already an eCommerce player - .NET just extends these existing models". In c...
Card-Based M-Payments Prevailing In Asia
Japanese carrier, KDDI Corp, is to work with four credit card firms to field-test mobile phones as credit cards this fall, in an initiative in which 3G multi-purpose smart cards (UIMs) will serve as e...
New MasterCard Rule To Impact PayPal?
MasterCard's proposal to stop e-tailers taking credit card payments via third-party firms like PayPal defies the Internet's promise "that anyone could set up shop and get paid", says Gartner analyst, ...
US Online Banking To See Further Increases
By 2005, the number of US households banking online, and/or paying bills online, will reach a 33 per cent penetration rate, up from 20 per cent in 2001, according to The Online Banking Report. Figurat...
Hutchison 3G To Offer M-Payments In Q3 '02
UK wireless carrier, Hutchison 3G, is to use Network365's mzone avatar payment platform to enable customers in several countries to make secure mobile payments through a variety of payment options. Th...
M-Payments Gaining Traction In Singapore
Singapore this week launched two more wireless payment trials, namely TeleCab and TelePay, which will allow consumers to use their handsets to pay taxi fares, and for real-world retail purchases, resp...
BizRate Revises B2C Predictions Upwards
B2C retail in the US will grow by 44 per cent in 2002, to realize USD 51.5 billion, according to BizRate, whose previous predictions gave a total of USD 45.2 billion, or growth of 26 per cent. In Q1 2...
Argentine Crisis Accelerates Debit Usage
While banks have been "at the front of the firing line" during the Argentine financial crisis, the "soaring bank cards ownership is perhaps the only silver lining" for bankers, Lafferty reports. In ju...
iTV Banking To See Strong Uptake In Europe
By 2005, over 35 per cent of Europe's iTV subscribers will bank via iTV, but consumer adoption will depend on the interactive content offered by banks, according to Celent. iTV banking services will b...
M-Payment Fora To Resolve Differences?
The Mobey Forum is willing to collaborate with PayCircle, and with Finnish carriers, Sonera and Radiolinja, in the development of mobile payments, according to Mobile Commerce Net. At the Mobile Commu...
AT&T Getting Into mCommerce With mMode
Analysts believe the move by AT&T and NTT DoCoMo to bring m-mode services, similar to DoCoMo's I-mode service in Japan, to the US, is a foray into mCommerce that will evolve into larger transactions. ...
Rumors Persist That eBay Will Buy PayPal
Analysts interpret the rumored acquisition of PayPal by online auction firm, eBay, as a logical move, with Morningstar.com analyst, David Kathman, stating, "it would make sense for eBay to pursue PayP...
Investigator Catches Card Thieves In Action
Fraud investigator, Dan Clements, has shown how fast "carders" respond to leads to credit card numbers online, by posting a Web page of false credit card data, to track the carder community's reaction...
Banco1, Telesp To Offer M-Banking Service
Brazilian online bank, Banco1, is to offer m-banking services together with Telesp Celular, with the aim of increasing its client base by 30 per cent, to 180,000 checking account holders by year's end...