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mobile payments

Latest Headlines

Latest Headlines

Report: Apple could sidestep Isis with launch of mobile wallet with iPhone 6 this fall

Apple is getting close to launching a mobile wallet for the iPhone and it may come out as soon as this fall with the introduction of the iPhone 6, according to a report from  The Information. The report, citing unnamed sources, said that Apple has told some of its partners its system would use the iPhone's so-called secured element, which is a piece of hardware where sensitive information such as a user's financial credentials can be stored. 

Isis mobile payments venture to rebrand because of ISIS militant group

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 seeks new CEO as David Sear quits

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.

Isis activated at least 600,000 mobile wallets in the past month

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.

Report: UK mobile commerce venture Weve reports loss for its first year

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 launches MyWallet mobile payment service

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's Cook stays coy on new products, calls mobile payments 'interesting'

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.

Report: Apple boosts efforts to get into payments market

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.

Google acknowledges slow Wallet adoption, but promises to stick with it

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.

MasterCard, Visa sidestep Isis and wireless carriers with HCE support for mobile payments and NFC

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.