Banks Piloting NFC Payment, Weve partners with Proxama, Mobile payments in China, FanDistro To Allow Bitcoins, Payment News

Payment Industry News for today from our News Aggregation wing:


Mobile contactless technology company DeviceFidelity reports that several banks or other financial institutions in Europe, Asia, South America, South Africa, the United States and Canada are currently piloting its CredenSE 2.10 microSD memory card, as well as, in some cases, providing the card—which functions as a Near Field Communication (NFC) RFID tag—to customers as a permanent deployment of the technology

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2. Computerworlduk - Weve partners with Proxama to bring loyalty service to mobile payments

Mobile wallet and payments solution, Weve, has partnered with Promaxa to bring personalised and location-based loyalty schemes to the service. The UK's three largest mobile operators – Vodafone, EE and O2 – began collaborating on the development of Weve last year, with the aim of providing a comprehensive advertising platform and near-field communications (NFC) enabled payments system.

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3. Thenextweb - How big are mobile payments in China? Nearly $1.6 trillion in transactions were made in 2013.

There’s been a lot of talk about how mobile payments are on the rise in China – and now statistics from the People’s Bank of China have shed some light on how huge the industry is (hat/tip TechNode). In 2013, the central bank handled a total of 1.67 billion mobile payment transactions worth a whopping CNY9.64 trillion ($1.6 trillion), according to the latest statistics.

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4. Stupiddope - FanDistro To Allow Bitcoins As Payment

Over the past few months, more than ever, we’ve heard a lot about the use of Bitcoins. The controversial alternative currency has been catching on, on the interwebs, and today we get word that the good folks over at FanDistro have announced that they are using the system as a form of payment. FanDistro Founder Michael Penfield said that the primary advantage of using bitcoin is that it allows artists to avoid paying credit card payment processing fees, which typically eat up anywhere from 5% to 10% of every sale.

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