Enabling Technologies

Wearable Payments See Another Increase in Popularity; Microsoft Enters the Payment Arena

Here’s what you might have missed on LTP this weekend, April 3rd - April 5th, 2015:

D+H Poised to Acquire Fundtech for a Massive $1.25 Billion

D+H and Fundtech both provide essential services to today’s financial institutions around the globe. By combining forces, they will serve a client footprint of more than 8000 banks and enterprises in a $5-6 billion market.

Multi-Platform Rivalry Promises a Competitive New Smartwatch Era

With the increasingly popular trend of “wearables” entering the mobile payments space, how will three of the worlds largest mobile tech companies compete? Apple, Google, and Samsung all seem to be looking to dominate the space through their respective endeavors, Apple Watch, Android Wear, and Samsung Gear.

Microsoft Forays into the World of Payments; Gets Its 1st Money Transmitter License

Microsoft has officially entered the payments and commerce space with Microsoft Payments. The software giant has applied for its Money Transmitter License in all 50 states, and was recently granted clearance in Idaho.

It’s All About Identity Now and MNOs Have a Strategic Enabler Role to Play

In recent years, MNOs have been struggling to stand out successfully in mobile payments and commerce. It’s time they take a step back and realize the potential for innovation they have in this space.

It’s the survival of the Fittest, Fastest and Most Fundable; M&A Drives Startup Valuation

With the volume of startups being formed in this era, the competition for young companies can be fierce. There is a rising trend of larger companies initiating M&As (Mergers and Acquisitions) with younger startups, which is increasing the value of startups overall and creating more security in a turbulent market.

Xiaomi Brings Payment Capabilities to its Smart Fitness Bracelet

China domestic smartphone maker, Xiaomi, has partnered with the e-commerce giant, Alibaba, to bring mobile payment capabilities to Xiaomi’s Mi-band. The band will verify payment information through a bluetooth connection with Android phones running the Alipay app.

Competitions as a Way to Encourage Innovation for Financial Inclusion

Competitive challenges such as hackathons are bringing a new wave of innovation to payments. Many large payment companies, such as PayPal and Mastercard, are sponsoring these hacking competitions, in which they offer access to APIs and award prizes to the most innovative creations.

CardinalCommerce Partners with Bitnet to Help Merchants Accept Bitcoin Without Risk

Cardinal is now utilizing Bitnet’s platform to allow merchants to accept bitcoin payments with no cross-border fees. Merchants can display their prices in 60 different currencies, accept bitcoin as payment, and receive funds in their local currency without ever handling the bitcoin themselves.

Payter Leverages Creditcall’s Technology to Roll Out Contactless Payment Terminals

With the increasing popularity of contactless payments, companies are trying to keep their technologies up-to-date. Creditcall, a company with 14 years of EMV kernel development experience, is teaming up with Payter to bring contactless payment terminals to merchants across Europe.

Ocean

Ocean is studying Journalism, International Studies, and Japanese at the University of North Carolina at Charlotte. He is very interested in East Asian history and Pop-Cutlure, particularly concerning Korea, India, and Japan. Ocean has great interest in a vast range of technologies and enjoys reading up on cutting edge developments in his free time.

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