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New payment services such as cards, internet and mobile payments may leave many people behind, while also making it more difficult for them to pay in traditional ways such as cash. This is the conclusion of a study on the Impact of New Payment Systems (NPS) on financial exclusion in the UK and four more [...]

The post New payment systems for all – or only for some? appeared first on Payments Cards & Mobile.

Despite the hype surrounding mobile payments, the consumer love affair with notes and coins will continue unabated for at least another decade, with cash usage remaining on an upward curve in many developed and developing countries, according to a study by Market Platform Dynamics.   The study findings suggest that although payments innovation will eventually [...]

The post Cash usage continues to grow appeared first on Payments Cards & Mobile.

Telefonica has signed an agreement with Santander and CaixaBank to create a joint venture that will develop new businesses based on the latest mobile and communication technologies.  The new company will start its activities with the development of an online community though which merchants will offer discounts to consumers. The joint venture will also develop [...]

The post Global mobile payments index appeared first on Payments Cards & Mobile.

MasterCard Worldwide announced record growth of its contactless payments technology,MasterCard PayPass, across the Asia/Pacific, Middle East and Africa (APMEA) region in 2012, citing a 28% (YoY) increase in merchant locations. MasterCard’s PayPass contactless payment network now boasts nearly 700,000 merchant locations in 51 countries as of Q4 2012. Growth data reflects a strong demand from consumers for fast and convenient [...]

The post MasterCard drives expansion of contactless appeared first on Payments Cards & Mobile.

The new service enables keys, certificates and NFC credentials to be stored securely in a remote location, rather than in the mobile device, is fully compatible with standard EMV contactless payments terminals and enables card issuers to deploy NFC solutions without the need to partner with mobile network operators or other third parties. The platform [...]

The post Bell ID launches NFC secure element in the cloud appeared first on Payments Cards & Mobile.