Isis, the mobile payments and commerce venture, said it will rebrand to dissociate itself from the radical Sunni Islamist militant group the Islamic State of Iraq and Syria, often known as ISIS.
Weve, the mobile marketing and payments venture set up by Vodafone UK, EE and O2 UK, is on the lookout for a new CEO just over a year after appointing David Sear as its permanent CEO.
Mobile wallet and payment venture Isis said that on average it has activated more than 20,000 mobile wallets per day in the past 30 days, giving it at least 600,000 members during that period.
Weve, the mobile marketing and payments venture set up by Vodafone UK, EE and O2 UK, posted a lost of around £25 million (€30.6 million/$42 million) in its first financial year but said revenue grew steadily in 2013 with new services set to boost business further this year.
Deutsche Telekom has become the latest operator to launch its own mobile wallet service based on near-field communication (NFC) technology, joining a market that is becoming increasingly cluttered and even "messy", in the words of one provider.
Apple CEO Tim Cook continued to play coy about future new product categories the company might be breaking into later this year. He also indicated he thinks the mobile payments market hasn't been "figured out" yet.
Apple is stepping up its recruitment of payment executives as part of an effort to gain a stronger foothold in the mobile and electronic payments market, according to a Re/code report.
During a recent presentation at the Electronic Transaction Association's tradeshow in Las Vegas, Google Wallet chief Ariel Bardin conceded that customers have been slow to embrace the company's mobile payments service. However, he said that Google plans to remain in the mobile payments space for the long haul, and will continue to tweak the technology in hopes it will take off.
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.