Six Banks to Issue Contactless Visa Cards

Six German banks are set to launch the Visa payWave contactless system in 2012, including BW Bank, DKB, Landesbank Berlin, Targobank and Volkswagen bank. The contactless payment system is based on EMV technology where a card terminal at the point of sale actually reads the EMV chip that is located within the contactless cards. This taps for the bank customers the more than 26 million contactless Visa cards across Europe and 175,000 contactless terminals. By the end of next year, Visa Europe disclosed there will be more than 50 million contactless cards in operation.

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Western Union, Vodacom Tanzania Launch m-Money Transfer

Western Union and Vodacom Tanzania partnered to allow consumers to visit one of more than 108,000 participating Western Union Agent locations in 65 countries worldwide and send money directly into the mobile wallets of any “Vodacom M-Pesa” subscriber. Western Union continues to offer choice and convenience to consumers worldwide, and its mobile money transfer program allows people to send and receive funds how, where and when they want. The “Vodacom M-Pesa” first launched in 2008 and now has more than 9 million customers and handles more than a million transactions per day. It offers an affordable, fast, convenient and safe way to pay for numerous services.

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Scotiabank Brands Cardtronics ATMs, Inks Placement

Cardtronics ATMs forged long-term ATM placement agreements with National Lumber & Hardware in 38 locations. With this, Scotiabank will place its brand on all 38 Cardtronics-owned and operated ATMs placed in National Lumber & Hardware stores. Including the National Lumber & Hardware locations, Cardtronics’ ATM branding program has enabled Scotiabank to create convenient surcharge-free ATM access for its customers at more than 90 well-known convenience, grocery and home goods stores, and hotel/hospitality spots in Puerto Rico.

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Dialogue Strengthens mBilling, Hires Senior Account Manager

Dialogue Communications international mobile messaging has appointed Nigel Coles as Senior Account Manager of its Mobile Billing division. Nigel comes in as Dialogue continues to strengthen its business operations and just weeks after the company announced its organisational restructure. He will play an integral role in driving the Mobile Billing solution forward and will be responsible for maintaining the existing client base by focusing on delivering high-quality performance Premium SMS and Mobile Payment services.

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E-payment Growth Up 45% Since ’02

Mobile phone payments are becoming popular with both consumers and traders as people seek modes of payments that enhance efficiency and safety. Most businesses are integrating their systems to mobile phone operators’ platforms to tap more customers. The need to adopt mobile phone commerce results from the increased use of mobile phones and, more importantly, the introduction of money transfer services by various telecommunication companies, such as M-pesa (Safaricom), Zap (Airtel), Orange Money (Orange) and Yu Cash (Yu). According to Kenya’s Communication Commission, about 13 million Kenyans use money transfer services. Also, penetration of the mobile phone in Africa has increased from 3% in 2002 to more than 48% today, and is expected to reach 72% by 2014.

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Etisalat Afghanistan launches Contactless mPayment Services

Etisalat Afghanistan arm of Etisalat UAE has launched the first of its kind contactless mobile financial service. The “mHawala” solution is a mobile financial services solution allowing Etisalat Afghanistan customers to purchase airtime directly from their handsets, send money from their mobile phones, pay their bills via their mobile phones, purchase goods and services from shops and or retail outlets and deposit or withdraw cash. The “mHawala” Mobile Accounts can be obtained at any Etisalat store or authorised Etisalat mHawala Distributor and is available to all ‘Etisalat Afghanistan” customers.

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Android NFC Integrates AuthenTec Fingerprint Matching/Navigation

AuthenTec mobile and network security announced its “AES850” smart fingerprint sensor is now integrated on a new Fujitsu smartphone, the REGZA Phone T-01D Android model now available from NTT DOCOMO. AuthenTec’s “AES850” fingerprint matching and navigation device for mobile phones enhances the features and functionality of the waterproof REGZA Phone T-01D by providing security that locks and unlocks the phone, locks/unlocks user-chosen applications and enhances the speed and security of NFC mobile payments. The “AES850” helps improve the speed and security of Osaifu-Keitai NFC mobile wallet transactions via fast and highly secure fingerprint authentication on the REGZA Phone T-01D.

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Consumer Confidence Jumps in November

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The holiday season is ushering in optimistic sentiments nationwide, even in the wallet! Consumer confidence increased in November on the Discover U.S. Spending Monitor as more saw the economy and their personal finances improve. The daily poll tracking economic confidence and spending intentions recorded more than a 7-point rise from the…

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mPayments Now an Established Method

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mobile bill payments are growing with more than six million Americans using smartphones to pay their bills in the past year with a subsequent growth in electronic bills. With this, 30% of online consumers have visited a biller’s site using their mobile web browser to access a monthly bill while 32%…

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Wells Fargo Names EVP, Enterprise Diversity & Inclusion

Jimmie Walton Paschall has been named Wells Fargo executive VP, Enterprise Diversity and Inclusion. With this, she will join the company’s Management Committee and lead Wells Fargo’s enterprise diversity and inclusion efforts, which includes consulting with and providing guidance to the company’s various lines of business, leading the company’s Enterprise Diversity Council and Team Member Network programs, and reporting to senior management and the Board of Directors on the company’s progress in these areas. Paschall joins Wells Fargo from Marriott International, where she most recently served as global diversity officer and senior vice president of external affairs. Prior to that, she served as executive vice president of external affairs at Volunteer America, Inc. and held executive positions in human resources and corporate relations with XO Communications, Sodexho and Host Marriott Services Corporation (now HMSHost Corporation).

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Ffastfill Partners TNS

Ffastfill hosted solutions inked an agreement with Transaction Network Services (TNS) connectivity provider. Through TNS, Ffastfill’s hosted clients can access TNS’ global community and benefit from rapid connectivity to exchanges and sell-side organizations. TNS will provide connectivity allowing Ffastfill’s hosted clients’ access to multiple brokers and exchanges through TNS’ Secure Trading Extranet (STE.) TNS’ Bandwidth Based Services (BBS) are an enhanced capability of the STE and its flexible design provides clients, such as Ffastfill, with committed bandwidth that has customized bursting capabilities and is ideal for fast moving and sometimes unpredictable volumes of trade experienced within many financial markets.

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PayPal Access Now Available to Magento Go Merchants

X.commerce announced PayPal Access, the trusted commerce identity system, is now freely available to Magento Go merchants. PayPal Access is gaining traction with merchants, making it safer and easier for customers to shop across the Web without having to remember multiple passwords or fill out multi-page forms. With PayPal Access on their sites, merchants can increase conversion rates by simplifying log in and account creation, letting consumers sign up and sign in to participating websites with just their PayPal usernames and passwords. Important user information, such as shipping address, will be automatically updated. Although customers can choose to use their financial details stored in their PayPal accounts, PayPal keeps that information private and secure.

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