The first bank to offer consumer remote deposit capture services allowing smartphones to deposit checks is in the U.S. was USAA Federal Savings Bank. Then last month JP Morgan Chase released an iPhone app for their customers to deposit checks remotely without having to head over to a bank branch. Now State Farm Bank has ...
The blog sphere and online news sources have been buzzing this entire week about the AT&T, Verizon, and T-Mobile contactless mobile payment joint venture which was reported by Peter Eichenbaum of Bloomberg News. Eichenbaum who broke the news Monday has apparently posted a follow-up saying that the new joint venture is code-named “Mercury” and that ...
According to Reuters news just recently release within the past hour today, the Royal Bank of Scotland (RBS) has sold majority stake, 80 percent ownership of its merchant services business, WorldPay, to Bain Capital and Advent International value at more than 2 billion pounds or $3.23 billion USD. This is one of the restructuring plans ...
PayPal today announced an upgrade to their popular Google Android app for smartphones which is completely free at the Android Market Place. PayPal released version 2.0 with new features and tools that puts it on a par with the functionality of the PayPal application for the iPhone. A really cool new feature added to the ...
The use of mobile phones is so prevalent in our society today that virtually everyone has one as a necessity to stay connected. The wireless carrier announced this week that they are forming a joint venture to offer mobile payment platform as a way for consumers to pay for goods and services online and at ...
Ingenico, a French based worldwide security and payments company that offers mostly point-of-sales solutions to merchants buys TransferTo for $38 Million. This is more of a case where Ingenico has taken a 90 percent share in the company. Previously, Ingenico invested in TransferTo via a series of venture capital funding where the company accumulated 35 ...
Hypercom Corporation, one of the leaders in secured electronic payment solutions and digital payment platform, announced today the company’s 2010 second quarter financial results ending June 30. A closer look at the report shows that the company’s net revenue is up 5.2 percent for the three months from April 1 to June 30 when compared ...
Transaction Wireless put out a press release today announcing that the United States Government has granted the company patent for the technology that they developed for digital gift card services. The patent offers the company protection regarding the process that the company utilizes for their gift card services including some of the technical elements of ...
Visa Europe and Turkey’s Akbank announced today that they have launched a product called In2Pay which is manufactured by DeviceFidelity. In2Pay is a payment platform that uses microSD card that is inserted into a mobile phone enabling the phone to make payment transactions. In2Pay utilizes Near Field Communication (NFC) as a contactless payment technology platform ...
News out of Little Rock, Arkansas is that the States’ (http://arkansas.gov/m) online mobile payment services has become so popular with citizens that it is the most widely use smartphone services the state government offers its residence . In 2009, the state of Arkansas announced they have started to offer users an alternative payment platform via ...