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2013 saw continued interest by venture capital and corporate venture investments into payments tech companies ranging from mobile point of sales solutions to parking payment apps to international money transfer. To clarify, companies included in this analysis span the following markets: Mobile and Online Payments – Mobile and online billing and payments startups utilize Internet technologies and the [...]

The post Payments tech companies raise $1.2 billion in 2013 appeared first on Payments Cards & Mobile.

Mobile network operator O2 is to cease operating its O2 mobile wallet service in the UK on 31 March. Launched in April 2012, the service included a range of money transfer, mobile shopping and offers services plus transaction tracking and a companion Visa contactless card — and was originally expected to expand to include NFC support in [...]

The post O2 shuts down mobile wallet service appeared first on Payments Cards & Mobile.

Parks Associates research says that over 40 million US consumers, or 20% of all smartphone users, used at least one mobile proximity or mobile e-commerce wallet in 2013, and mobile wallet usage will increase to nearly 113 million, or 43% of all smartphone users, by 2017. “After years in development, the mobile wallet market is making [...]

The post Mobile wallet usage to increase to over 40% of smartphone users by 2017 appeared first on Payments Cards & Mobile.

Adyen has published findings from its analysis of how applying 3D Secure to all transactions can positively or negatively impact transaction conversion rates on a per-country basis. The report, conducted in conjunction with the strategy consulting firm Edgar, Dunn & Company, finds that 3D Secure has an overwhelmingly positive impact on conversion rates in countries [...]

The post Worldwide impact of 3D secure on transaction conversion rates appeared first on Payments Cards & Mobile.

The European Commission says it will extend the SEPA migration deadline for the introduction of  new faster and cheaper intra-bank payments systems for six months following delays in some EU member states. The Single Euro Payments Area is meant to speed up payments and so reduce business and consumer costs by ensuring standard conditions, rights and [...]

The post EU extends SEPA migration deadline appeared first on Payments Cards & Mobile.