Nokia invests in mobile money firm Obopay
"The world's top cellphone maker Nokia (NOK1V.HE) has bought a minority stake in Obopay, enabling the U.S. mobile money firm to extend its product offering and geographical presence.'This investment reflects our belief in the global potential for mobile payments,' Teppo Paavola, head of Corporate Business Development at Nokia, said in a statement. The size of the investment was not disclosed."
MasterCard outlines mobile strategy
"The last piece of the mobile contactless payments puzzle in the U.S. is the commercial roll-out of NFC-enabled handsets from major OEMs and carriers, according to MasterCard. MasterCard Worldwide announced the issuance of the 50 millionth MasterCard PayPass card or mobile device, as of the fourth quarter 2008, which in the last year more than doubles the number of cards and devices in circulation worldwide."
HSBC adds mobile banking to outsourced payments platform
"Under the deal, HSBC's MPS (Managed Payments Service) - which brings together transactional banking, multi-bank connectivity and full data integration in an outsourced proposition - will now incorporate Petra Financial's Touchstone Mobile Banking software as an additional feature."
EPL and TRG Mobilearth team on m-banking offering
"Their approach to mobile banking is easy-to-use, cost effective and flexible. In addition, their culture and commitment to service strongly aligns with our own. We are excited to team up with Mobilearth to offer this emerging important member service."
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