Mobile Banking Payments - July 17

NFC mobile payments: overcoming the barriers for banks
"The past few years have seen major changes to the way consumers make low value payments, from pre-paid wallets such as the Oyster Card through to Contactless Cards in retail transactions – thanks to Near Field Communication devices, writes Ben Leighton. Contactless cards in particular are gaining a good deal of momentum in the UK; the majority of major banks now issue them, and large retailers are increasingly accepting them. Only recently, Starbucks pledged to roll out contactless terminals at over 550 of its company-owned stores across the UK."

Mobile Bill Pay, RDC Outpacing P2P
"Major American banks have widely adopted mobile bill pay and remote deposit checking, a new report says, with person-to-person payments lagging behind. The Celent report – titled “The U.S. Mobile App Landscape: An Annual Evaluation of Mobile Banking at the Top U.S. Banks” – found that 55% of large banks offer bill pay, 31% offer mobile RDC and only 14% have rolled out P2P."

Braintree Collaborates with Simple, Launches Venmo Touch for Banking Customers
"Braintree, the global payment platform behind many of the best next-generation online and mobile purchasing experiences—including Hotel Tonight, Fab, Airbnb, Uber and Angry Birds—today announced it will offer Venmo Touch to card issuers and mobile banking providers, delivering one touch mobile payments to their customers. Braintree is collaborating with Simple, a leader in online and mobile banking, to give Simple customers access to Venmo Touch, extending their seamless mobile experience through to checkout. This is Braintree's first collaboration to offer direct banking integration for Venmo Touch."

Mobile Banking Updates - Aug 2

Isis mobile pay service may start trials in August
"Isis, a joint venture among Verizon Wireless, ATT, and T-Mobile USA, will likely start trials of its mobile-payment service in August, according to a person familiar with the launch plans. The August target, however, isn't set in stone. CNET has gotten indications elsewhere that the timing may change. A representative for Isis only said the service would begin trials in Salt Lake City and Austin, Texas, this summer, pushed back from the prior forecast of a mid-year launch."

Great Potential in Mobile Services for Small Business Clients, FundTech Survey Says
"Bankers see SME (small and medium enterprise) clients as their biggest opportunity for growth, while regulations and compliance remain they're biggest concern, according to survey results released today by FundTech, a transaction banking solutions provider. The survey of 137 banking executives from more than 100 institutions was conducted at FundTech's annual North American Insights client conference in Arizona last month."

payvia Launches Bill-to-Carrier Mobile Payments Service
"payvia announced the launch of its next generation mobile payments platform and latest direct carrier billing agreements with Sprint and T-Mobile USA."

Visa: Mobile payments will hit mainstream in 2 to 3 years
"That vision of paying for goods and services with your phone anywhere you go? You shouldn't hold your breath. While there are trials and select deployments of payment terminals and cash registers that can accept mobile payments, the method won't hit the mainstream in the U.S. for another two to three years, according to Bill Gajda, head of mobile for Visa."

Braintree Wants to Make Mobile Payments History
"If you’ve ever searched Amazon (AMZN) using your i-Phone and decided you wanted to buy something, you’ll understand Braintree. And due to its unique technology, Braintree makes it easier for merchants to let you pay for those purchases quickly using your mobile."