Following their successful inaugural event last year, organizers of Money2020 said they will again "explore the macro trends in payments and financial services innovation, such as the mobile Internet, open platforms and consumer empowerment." The event will bring together the broader worldwide community of innovators including retail, mobile, advertising and technology that are profoundly changing how consumers and businesses manage, spend and borrow money.

Following their successful inaugural event last year, organizers of Money2020 said they will again "explore the macro trends in payments and financial services innovation, such as the mobile Internet, open platforms and consumer empowerment." The event will bring together the broader worldwide community of innovators including retail, mobile, advertising and technology that are profoundly changing how consumers and businesses manage, spend and borrow money.

Sirpa Nordlund, executive director of Mobey Forum, comments: "MobeyDay 2013 is about delivering a wakeup call. The low-hanging fruit has not yet been picked; we want to ensure that banks and financial institutions are fully aware of the channel's potential and work with them to leverage their strengths in the mobile financial services ecosystem."

Mikhail Danilov Is New Chief Executive Officer of DengiOnline, the Largest Internet Payments Provider in Russia and CIS

Los Angeles, CA (PRWEB) May 23, 2013

The Isis joint venture continues to gear up for a nationwide launch of its NFC-enabled Isis Mobile Wallet this year and has been in discussions with major U.S. banks along with merchants, NFC Times has learned.

The three telcos that make up the venture, Verizon Wireless, AT&T Mobility and T-Mobile USA, have been targeting the start of a commercial launch for this summer, but it could be delayed until the fall, perhaps the beginning of the fourth quarter, said sources.

The Isis joint venture continues to gear up for a nationwide launch of its NFC-enabled Isis Mobile Wallet this year and has been in discussions with major U.S. banks along with merchants, NFC Times has learned.

The three telcos that make up the venture, Verizon Wireless, AT&T Mobility and T-Mobile USA, have been targeting the start of a commercial launch for this summer, but it could be delayed until the fall, perhaps the beginning of the fourth quarter, said sources.

MasterCard Worldwide is the latest payment scheme to work with Samsung Electronics, with plans to soon offer its PayPass application for embedded chips in new Samsung NFC phones, NFC Times has learned.

MasterCard, like Visa Inc., sees embedded chips in NFC phones as a promising option for banks and other issuers to introduce mobile payment at the physical point of sale in certain markets, using contactless point of sale terminals that support their contactless brands.

MasterCard Worldwide is the latest payment scheme to work with Samsung Electronics, with plans to soon offer its PayPass application for embedded chips in new Samsung NFC phones, NFC Times has learned.

MasterCard, like Visa Inc., sees embedded chips in NFC phones as a promising option for banks and other issuers to introduce mobile payment at the physical point of sale in certain markets, using contactless point of sale terminals that support their contactless brands.

Merchants Give Recognition to Adyen’s Global Payments Platform for the Second Year in a Row

Boston, MA (PRWEB) May 23, 2013

CHICAGO, ILLINOIS--(Marketwired - May 23, 2013) - With the recent global recession tightening credit from large banks and a growing portion of the population with no bank options at all, major retailers have stepped in to fill the void, according to research from Euromonitor International.

The report, "Retailers' Encroach on the Payment Landscape" discusses the rise of new technologies in the payment space, as well as developments in both retail and financial services, including regulatory pressures, new cost challenges and evolving consumer habits. Retailers are well positioned to continue to use consumer finance products to drive sales, while the future of the modern retail environment will create opportunities for lenders and card issuers to partner with retailers and expand their product reach.

Researchmoz.us include new market research report" 2020 Foresight Report: Branch Network Development in a Multi-Channel World" to its huge collection of research reports.

Albany, NY (PRWEB) May 23, 2013

News in brief

News in brief

I was at an industry conference recently that focused entirely on mobile wallets, listening to presenters from various industries talk about the future of mobile wallets. One thing is for sure: Nobody has any idea how and even if a mobile wallet will ever become widely used.

Banks are building mobile wallets, mainly out of fear of losing touch with their customers. They don’t know what market opportunity the wallet will solve but they will have a solution in the market. Many are building a solution simply to say they were first to market.

European B2C e-commerce turnover, including goods and services, has jumped by 19 percent, reaching EUR 311.6 billion in 2012, recent data indicate.

According to the European B2C Ecommerce Report published by Ecommerce Europe, the European umbrella organisation for online retailers, the EU28 (including Croatia, joining the EU as of 1 July 2013) has reached EUR 276.5 billion, or 88.7 percent of total European e-sales.

Research suggests that the level of adoption of contactless payments falls far below the industry expectations.

(PRWEB UK) 23 May 2013

Research suggests that the level of adoption of contactless payments falls far below the industry expectations.

(PRWEB UK) 23 May 2013

Jacob Boersma is active in the areas of e-identity and electronic payments innovations. He began working in information management and information security after a Master's study in Science & Policy. He has worked on European and Dutch e-authentication projects, the iDEAL payments protocol and Innopay’s annual Online Payments reports. He frequently advises both government agencies and businesses on questions of digital payments and online currencies such as Bitcoin.
Innopay is an independent consulting firm, specialised in payments and related transaction services. Our mission is to improve the transaction services industry in close, open collaboration with stakeholders. We provide our clients with expert knowledge of online payment, e-invoicing, e-identity, mobile payment, cards and rules.

What is the aim of the Bitcoin Masterclass organized by Innopay?
Jacob Boersma: For the past 3 years we have invited speakers on Bitcoin to our annual European payment summit to talk about this crypto-currency and how it is developing. Due to time constraints, there is never time at such a conference to go into depth about what Bitcoin is, how it works and where it is going. This Masterclass, for which we are working with Pierre Noizat of Paymium, will give attendees the chance to really make a deep dive into this fascinating topic and really explore both the opportunities and risks of Bitcoin.

Chase Paymentech, a subsidiary of financial services provider JPMorgan Chase Bank, has released Dynamic Hosted Payments Page, a technology aimed at helping European online merchants upgrade security.

When merchants submit a payment transaction using the Dynamic Hosted Payments Page, they do not store, process or transmit cardholder payment data. This helps the merchant lower its Payment Card Industry (PCI) compliance responsibilities at both the acceptance and storage level. Instead, online shoppers upon checkout are seamlessly taken to a Chase Paymentech page for final payment processing. Once the payment transaction is complete, the customer is then returned to the merchant’s shopping cart application where the order status is updated. Dynamic Hosted Payments Page creates a payment page that maintains the merchant’s own branding including logos, pictures and other design elements.