mobile wallet

Giftango converts gift cards into mobile wallet payments

July 21, 2011 - 2:50am | News | Mobile finances

A digital eGift company Giftango announced the launch of Mobile Wallet Conversion Platform. The service allows users to securely convert plastic gift cards into digital payments by just entering and leveraging a 2D barcode on the back of a plastic gift card.

Giftango has assembled the infrastructure needed to help bring merchants, incentive houses, plastic card printers, and virtual payment technology companies together to drive consumer adoption of the mobile wallet.

digital payment | Giftango | mobile wallet | plastic gift card

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CorFire launches a new suit of mobile commerce solutions

July 20, 2011 - 7:42am | News | Mobile finances

A provider of mobile commerce solutions CorFire announced the launch of branded suite of technology products including CorTrust™, its Trusted Service Manager (TSM); CorPay™, a mobile wallet platform; and Cor360™, a set of mobile marketing services that includes location-enabled offers, gifting, and loyalty services.

CorFire | gift | mobile commerce | mobile wallet | NFC

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90% of youngsters want to have a mobile wallet

September 30, 2010 - 7:28am | Analytics | News

Alcatel-Lucent’s Youth Lab - a research arm limited to those born between 1977 and 1998 - found that almost 90% of young people would like to pay a monthly fee for a mobile-phone wallet, mainly for the privilege of not having to wait in line for movie tickets.

The survey polled over 200 participants, spread over 10 countries and self selected. Some insight into the demographic may be gleaned from the fact that a third of the participants had already used their mobile phone to buy bus or rail tickets, and almost the same figure to pay for parking.

Alcatel-Lucent | mobile banking | mobile payment | mobile wallet | ticket

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PayPal makes preparations to enter the bricks-and-mortar retail market

August 18, 2010 - 2:17am | News | Payment systems

Online payments leader PayPal seeks to establish itself in a new market: bricks-and-mortar retail. The move is aimed at occupying a strong position in a $2.4 trillion market dominated by credit card companies.

Scott Thompson, CEO of PayPal, said that the top priority for the online payment giant is to develop an appropriate software to transform mobile phones and other devices into “digital wallets” so that consumers could use them to make purchases, keep coupons and store loyalty program data.

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New concept of NFC payment solution is launched by First Data and Tyfone

March 17, 2010 - 11:10am | News | Mobile finances

First Data and Tyfone have partnered for a commercial mobile wallet offering, forming an alliance.

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Consumers are ready for mobile wallet

December 2, 2009 - 2:33pm | News | Mobile finances

Firethorn, a mobile financial solutions provider based in Atlanta, conducted a study showed that U.S. consumers are ready to dive further into mobile financial services, beyond m-banking.

Firethorn | m-banking | mobile finances | mobile wallet | survey

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Korean T-Cash payment system now accepted by Internet retailers

April 27, 2009 - 2:16am | News | Payment systems

In a move to increase the usage of mobile wallets SK Telecom is extending the scope of services available for those who use the ``T-Cash'' mobile payment system. If previously customers could use their mobile wallets to pay for bus fares, grocery products and parking tickets, now SK Telecom will allow them to purchase goods and services from the Internet.

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Mobile payments company Luup no longer needs its customers?

March 12, 2009 - 3:36am | News | Payment systems

Mobile payments outfit Luup has started asking its customers in the UK, Norway and Germany to close down their accounts.

The company explained its actions by saying it was no longer offering services directly to customers and merchants, modifying its business model to work with banks to offer the platform. Customers were given time period until 8 April to transfer their credits to their bank account or donate it to Amnesty International, the Red Cross or Save the Children.

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A new Alltel Wallet on the platform of mFoundry

December 1, 2008 - 5:02am | News | Payment systems

A new product will be introduced by Alltel Wireless on the platform from mFoundry as announced by the company. Using mFoundry’s extensible mobile wallet solution Alltel is to create the Alltel Wallet, which will initially provide access to a consolidated mobile banking experience, providing customers with access to a wide variety of U.S. financial institutions.

Alltel Wireless | mFoundry | mobile payments | mobile wallet

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Mobile payments actively driven by MasterCard

November 20, 2008 - 2:26am | News | Plastic cards

While some call for wide NFC adoption mobile payments are really growing in popularity among consumers who wish to use their cell phones not just as a means of communication but as a payment tool. Edgar, Dunn and Company report that over 600 million mobile “wallets” are expected to be in use by 2011 and that number is expected to rise to 1.4 billion by 2015.

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