26 ways to access mobile payment

Article from Business News Daily on 26 payment options with mobile solutions.

Read it here

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Can Apple with NFC ingnite mobile payments? On September 9 we will know.

More and more articles indicates that Apple will do a NFC launch or maybe a statement at the version 6 launch event on September 9. 

Bloomberg article.

Macrumors article here

And the NFC antenna could be hidden under the TouchID sensor, see how here

Comment. If Apple have succed in getting agreements with Visa, Mastercard and American Express and with same (or lower) fees and with no liability shift for merchants…then this is what is needed to see real customer adoption of mobile payments.

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Mobile enabled commerce the next clondyke

An article that says that the next $100B startup will come from heating up mobile commerce arena. The article also sums up the already crowded space and with a US focus.

Read article in Techcrunch here

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Amex say there will be 5 platforms in the future of payments

In an interview in Fortune with Amex CEO Ken Chenault he states that it will be five platforms that matters in the future of payments;  Apple, Amazon, Facebook, Google, and Alibaba. Of course American Express will be embedded in each of these.

Read interview here.

Comment: I believe local/regional platforms beside “the big 5″ will take/have a great part in future payments. Also interesting is the Amex founding that $25 trillion spent out there is outside credit/debit cards, most on peer-to-peer payments. Hard as of today for Amex to take part in this, eg. interchange fee challenge..


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Apple finally to embrace NFC in new iPhone and iWatch coming in September

I’ve said before in this blog that I don’t believe that Apple will launch NFC in iPhone…but I’m starting to change my mind. This after the last weeks signals and rumours and this time from sources that I believe in, like Wall Street Journal, Finextra, AppleInsider, TechCrunch and now last from the normally initiated KGI securities analyst, Ming Chi-Kuo.

If right we will in the September launch find NFC in two new models of iPhone’s, both with larger screens , and intwo models of a new gadget, the iWatch.

This move if/when happening will be interesting in many ways

  • Consumers would be able to use their iTunes accounts to pay in shop with “a tap” (and PIN if high amount = more than $20/€20/£20/200SEK).
  • Interchange fee? Card not present fee (card is on file) and liability? What’s needed on the merchant side, new agreement, sw upgrade of POS/cash register systems? Cards is in the back of the iTunes account so card companies “will not worry that much”, they will get the transactions in any case.
  • Will/how will Apple handle vendors of mobile wallet solutions? Allow other wallets to enable iTunes payments?
  • Many new POS’s is WE/Asia/US is already hardware ready, just need to be enabled.

..consumers will embrase this move, will be interesting to see how offline merchants react..

Anyway, when it happens it will be good news for the mobile payment and mobile financial services industry.

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Why Mastercard and Visa go for Secure Element in the cloud

Read and interesting post on this discussing Android’s new HCE announcement and why MC and Visa was fast in supporting it, maybe as an answer to the coming Apple iWallet announcement (that will come!).

Read post here.

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Host Card Emulation – winners and losers

The Host Card Emulation (HCE) and now launched/supported by Visa and Mastercard will be a challenge for hardware based solutions (eg. SIM, MicroSD and special memory in phone). Will be interesting to see when/how tech providers like Gemalto, G & D and Oberthur and solutions like Isis and MCX will react on this.

Still there is one point using a solution where the card info is stored on special hardware in the phone, you can pay even though the phone is off for example if battery is dead or if offline (valid for amounts up to €20/$20/£20).

See article on HCE here and here

MasterCard and Visa are supporting HCE for mobile payments

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