Payments

MasterCard leading the way to digital transition in payments, says Mung Ki Woo, EVP, MasterCard

Mung Ki Woo is an Executive Vice President for MasterCard. He is a seasoned international executive with experience in international program management and IT consulting. He also has extensive experience in digital commerce (mobile, e-commerce, smartcards) with experience both as a telco and a financial institution, and in all market...

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Authentication & Security

Zumigo Raises $6 Mn to Expand its Portfolio of Context-based Intelligent Services

Zumigo, which specializes in mobile-device and location-verification services, recently closed a Series B funding round led by Intel Capital, raising $6 million. Zumigo has pioneered a new generation of mobile offerings that provide richer experiences for customers through context-based services. Its portfolio includes marketing to customers through location in context...

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Payments

Vend POS Expands its Business to new Market

Cloud-based retail software company celebrates Toronto expansion with cash register destruction; increasing customer service, sales and IT teams August 21, 2014--TORONTO--Vend, a cloud-based point of sale (POS) and inventory, customer management software company, today is officially opening its first (and only) office in Toronto. Since its establishment in 2010, the...

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Payments

Airtel Africa and VeriFone Mobile Money Collaborate on Mobile Money Merchant Enablement Applications

On Aug. 20, 2014, VeriFone Mobile Money and Airtel Africa, part of the Bharti Airtel Group, announced that they had reached an agreement to offer VeriFone Mobile Money's merchant enablement applications for mobile Tap n Pay across their 17 operating companies in Africa. "Airtel is excited to offer VeriFone Mobile Money's applications to...

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Authentication & Security

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...

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Payments

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...

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Authentication & Security

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...

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Authentication & 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...

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Authentication & Security

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...

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