Latest Industry News RSS

Mobile coupons, hands-free calling, and digital key replacement are examples of side benefits that Sprint Nextel and other industry players are promoting to spark greater interest in NFC payment technology, which so far has had a lukewarm reception among customers and retailers.  "If you’re really going to get consumer adoption, you have to start talking [...]

The post Carriers tout side benefits of mobile payments appeared first on Payments Cards & Mobile.

T-Mobile is advancing its alliance with LevelUp by powering phone-enabled payment terminals for its merchants. The terminals are phone docking stations that come with custom LG smartphones. The phone operates a version of Android that exclusively processes LevelUp payments, and LevelUp users will pay at the terminals by scanning a LevelUp QR code on their [...]

The post LevelUp and T-Mobile partner on mobile payment terminals appeared first on Payments Cards & Mobile.

American Express has entered into a deal to license its Serve digital wallet platform to Chinese mobile payments company Lianlian Group, and has made an equity investment of $125 million in the Lianlian Pay venture. Lianlian can use Serve in products and services developed for its Chinese consumer and business clients, and the Serve platform [...]

The post AmEx partners with chinese mobile payments company appeared first on Payments Cards & Mobile.

Debit and credit cards were involved in 26.5% of total breaches tracked by the Identity Theft Resource Center (ITRC) in 2011, while merchants and businesses saw their debit and credit losses climb from 4.3% in 2010 to 12.9% in 2011, according to ITRC’s Karen Barney. Critics targeted merchants involved in notable payment card breaches last [...]

The post Payment cards accounted for 26.5% of data breaches in 2011 appeared first on Payments Cards & Mobile.

Although a number mobile payment system trials are scheduled to take place this year, widespread adoption of such systems may not take place in the near future due to lingering security issues, writes the Retail Payments Risk Forum’s Cynthia Merritt. One of the security problems that represents an obstacle to the widespread adoption of mobile [...]

The post Standards needed for mobile wallet security appeared first on Payments Cards & Mobile.