Both MasterCard and Visa endorsed a new mobile payments technology that could enable them to bypass Isis and other hardware-based mobile payments systems. The action could also boost Near Field Communications (NFC) technology for mobile payments.
Mobile operator Vodafone and financial software provider Misys made separate moves in the mobile payment and banking sectors this week, at a time when analysts say the future of the industry remains up for grabs.
Weve, the mobile payments joint venture of the UK's three largest mobile operators Vodafone UK, EE and O2 UK, is partnering with MasterCard to accelerate the development of what the companies describe as the UK's "most comprehensive contactless mobile payments system".
Apple is looking to expand its presence in the mobile payments market, according to multiple reports.
Vodafone is rolling out its Near Feld Communications-based mobile wallet service in Europe, and said this is the first European mobile payment service to be based on the open-standard GlobalPayment platform.
Just a few days after its nationwide launch, the Isis mobile payment venture is receiving relatively sour reviews from Android smartphone users.
Isis--the mobile payments joint venture from AT&T Mobility, Verizon Wireless and T-Mobile US--finally rolled out nationwide, offering a new way for millions of customers to pay for goods and services via their mobile phones.
Orange France teamed up with Visa Europe to launch a prepaid near-field communication (NFC) service for smartphone users across France in 2014.
A top executive from Isis--the mobile payments joint venture from AT&T Mobility, Verizon Wireless and T-Mobile US--told the audience here at the MobileCon 2013 trade show that he believes mobile commerce could one day replace credit cards, but it will take a number of years for that transition to occur.
Isis--the mobile payments joint venture among AT&T Mobility, Verizon Wireless and T-Mobile US--will launch nationwide within the next few weeks with a redesigned app. The company's NFC-based services will work across most new Android phones, and Isis plans to support the iPhone via an NFC-capable case (and related iOS app) that it will release in the next few months. However, expectations are decidedly low for the joint venture.