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Mobile payments standards released in Hong Kong

12/23/201312/19/2013 Jennifer Goula

Banking association releases standards concerning mobile commerce Mobile payments have been growing rapidly in Hong Kong over the past few years as the number of smartphones and tablets grows. Consumers are showing strong interest in shopping and paying for products using their mobile devices, but there are relatively few standards in place that govern the parties that have invested heavily in mobile commerce. The Hong Kong Association of Banks has moved to change that, issuing a Best Practice of NFC Mobile Payments report. Report based on data collected by financial…

M-payments acquisition of Evenly made by Square

12/17/201312/14/2013 Stephanie Beck

Square Inc. mobile payments nfc technology

The processing business is seeking to broaden its capabilities through the purchase of the startup. The most recent acquisition made by Square appears to be geared toward making it easier for its app users to be able to use m-payments to send and collect money from their friends. This was what the company revealed when it announced its acquisition of Evenly. The acquired company was designed to be an easy m-payment app that has tools that Square clearly finds to be highly appealing and wants to be able to integrate…

Retail mobile payments in South Africa are leading the way

12/04/201312/02/2013 John Montgallo

These shops are at the head of the crowd on a worldwide scale in terms of enabling the technology. Although the dream of retail mobile payments is only barely just getting started in North America and is seeing considerable resistance from consumers and stores, alike, this is not the case in South Africa, where merchants are leading the way for receiving transactions through the use of smartphones. Among the largest obstacles that this technology had previously seen was the complexity of its nature. However, today, the technology for placing credit…

Mobile payments platform with latest support for Isis launched

11/26/201311/23/2013 Stephanie Beck

The smartphone wallet joint venture created by Verizon Wireless, AT&T and T-Mobile continues to expand. The mobile payments program that has just recently gone nationwide, Isis, has now announced the details of its Isis Alliance Program, which will be the latest platform for supporting this system. It has been designed to support the merchant technology ecosystem while providing resources and tools. The hope is that it will enhance the experience for merchants who wish to take advantage of what mobile payments has to offer. The launch of this Isis Alliance…

Mobile commerce may benefit from new partnership

11/18/201311/16/2013 Stephen Vagus

Mobile trends Commerce Apps on smartphone

New partnership could ignite a promising future for mobile commerce The NFC Forum, a non-profit industry association that promotes standards for NFC technology, has announced that it has formed a liaison partnership with the Bluetooth Special Interest Group, a trade association focused on Bluetooth technology. The partnership will allow the two organizations to work more closely together in the future, potentially collaborating on projects concerning the use of NFC and Bluetooth technology. Both of these technologies have become quite popular in the mobile space, especially where commerce is concerned. NFC…