Wednesday, November 23, 2011

CorFire Market Watch, 11-25-2011

Week Ending Nov. 25, 2011

 

Apple App Store update hints at mobile payments future

Apple has yet to give a line on where it sees NFC in its future product and service roadmaps, but that doesn’t mean the company has ignored the issue of mobile payments, or decided to leave it entirely to third parties to use its devices to enable the payments via other routes. Last week’s upgrade of the Apple Store app could be its boldest indication yet about where it sees a role for mobile payments in the future. As part of its upgrade to the Apple Store app, Apple introduced a new service called EasyPay. The service itself is simple enough: it lets a user photograph a barcode and then look up information about the product based on that barcode. It then lets a user charge that product to his iTunes account.…

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MasterCard and Intel partner on payment technologies

Credit card brand MasterCard announced a new multi-year, "strategic collaboration" with chip manufacturer Intel Corporation. According to the announcement, the companies have paired up to support technologies such as MasterCard's PayPass payment technology and Intel's Identity Protection Technology (IPT) to make online purchasing safer and easier.…

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Verifone acquires Point for $1B+

Verifone has acquired European alternative payments provider Point, in an effort to broaden its range of mobile payment services for merchants and retailers, the company announced today. Point, which handles point-of-sale transactions, conducts more than 10 million transactions per day. The acquisition should give Verifone a toehold in its battle against alternative and mobile payment services such as PayPal, Google, as well as large credit card companies such as Visa.…

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Carriers world-wide pledge support for NFC

The GSMA announced that 45 of the world's leading mobile operators have committed to support and implement SIM-based Near Field Communications (NFC) solutions and services…

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Chicago Transit building fare system to accept mobile payments

As major U.S. cities with complex transportation systems explore converting to an electronic fare-collection structure that would accept open-loop contactless cards, mobile payments are becoming a factor in future planning. "Most people believe that mobile is a large part of the [transit] environment in the future," says Dave Lapczynski, senior vice president of services for Cubic Transportation Systems Inc. "It seems to be just a matter of time before mobile is ubiquitous enough to make it a realistic medium for mass transit systems."...

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American Express partners with Target Stores on prepaid cards

American Express is partnering with Target to provide a reloadable prepaid card available at more than 1,000 of the retailer’s U.S. stores. The “American Express for Target Card” can be loaded at a Target store register and can be reloaded in-store, online or by phone.…

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