Merchants are still in 1st baby steps with Mobile and Mobile Data, says Kristina Yee, Analyst, Gigaom Research

Kristina J. Yee is an Analyst for Gigaom Research and a market strategist and change agent focused on the cloud-enabled business and financial services technology. Her articles have appeared in publications like Mortgage Banking and New York Finance, and she has been quoted in various media outlets. In an exclusive interview with Let’s Talk Payments

Federal Reserve wants to change U.S. Payments System from the Ground Up

Bankers in the U.S. feel that current fast payment methods, such as ACH (Automated Clearing House), are not fast enough. The financial-services community feels the lag in payments and is demanding faster methods. The Federal Reserve is concerned and is looking to develop a completely new system. It is planning to come up with a

Fortumo Enters into Partnership with Games2Win to Provide In-App Purchasing via Direct Carrier Billing

In the next three years, global revenue from mobile content purchased via carrier billing will increase threefold, to more than $13 billion in 2017, according to Juniper Research. On Aug. 21, 2014, mobile payments giant Fortumo announced a partnership with Games2Win, a leading Indian mobile gaming company, to provide in-app purchasing in mobile games using

VeriFone Plans Expansion of Media and Taxi Services to Mexico and Istanbul

In October 2013, VeriFone launched Way2Ride, a sound-based mobile app that runs on both traditional NFC-enabled systems and sound-wave-based NFC-like systems.On Aug. 20, 2014, Verifone Systems announced plans to expand its media and taxi services to Istanbul and throughout Mexico’s Mayan Riveria. VeriFone will provide over 20,000 additional taxis with this expansion. “This planned expansion

Do HCE Mobile Payments Need Additional Security?

Since Google announced support for host card emulation (HCE) in Android KitKat 4.4 last year, the industry has been divided. Many recognize the value and opportunity that this brings to banks, mobile network operators (MNOs) and service providers for the deployment of mobile services – like payments, transit and loyalty – while others have sought to focus on security

SIMalliance Releases new Technical Guidelines for Mobile NFC Payments

The SIMalliance is a global nonprofit industry association that aims to simplify the implementation of secure elements (SE) to drive secure mobile services. The association body recently published a report citing UICC configuration for mobile NFC payments. The document provides instructions facilitating system integration and reduction in fragmentation among NFC service providers, mobile network operators

Oberthur Acquires Powered-Display-Card Maker NagraID

Oberthur Technologies, which creates digital-security solutions for the mobility market, recently announced the acquisition of NagraID Security. The company will acquire a 100% equity stake in NagraID from the Kudelski Group and NagraID’s management. NagraID Security develops and markets powered display cards for secure access to the cloud. These cards are used by companies operating

Another U.S. Retailer becomes a Victim of Card-Payment Fraud

Why can’t the $100 billion security industry stop hackers? Despite technological revolutions, hackers are still invading industrial systems to retrieve confidential information, leading to a rise in the number of fraud cases and hacks in recent years. A recent case has come to light highlighting the largest-ever retailer in the U.S. to have become a

FreedomPay offers PCI-certified P2PE Technology through Cloud-based Commerce Platform

In every transaction that is carried out, the main features a customer looks for are simplicity and security. FreedomPay recently announced that it is incorporating PCI-certified point-to-point encryption (P2PE) payment technology into its cloud-based commerce platform. The PCI compliance is the first of its kind for a P2PE-solution provider in North America. FreedomPay is leveraging

U.S. Payments Authentication and Security Market Report

At Let’s Talk Payments, we have written about numerous cases of frauds and data breaches that have taken place in the payment space. The victims have to bear the cost of fraud which shows a rising trend as new cases come up. Hackers and criminals target critical payment information parameters mostly linked to the payment