Apple, Google, Facebook and Amazon to lead m-payments gold-rush?
March 9, 2012 - Technology giants such as Apple, Google, Facebook and Amazon are well positioned to cash in on the upcoming mobile payments bonanza thanks to their reputation for innovation but still have trust and privacy-related hurdles to overcome if they are to convince Americans to pick them over more traditional financial services providers, according to a report from Javelin Strategy & Research.
Google scrapped plans for virtual currency over regulatory concerns
March 1, 2012 - Google chairman Eirc Schmidt says the Internet search giant once considered creating its own peer-to-peer money system, dubbed Google Bucks, but binned the idea because of regulatory concerns.
Banks and telcos to debate mobile financial future
February 17, 2012 - Leading banks, telcos, handset device manufacturers and app developers will gather under one roof next month to debate the future of mobile banking and payments services at the first annual MobeyDay conference in Barcelona.
PCI security standards in the dock
January 12, 2012 - A legal challenge to the payment card industry's PCI security standards is brewing in the US, as a Utah-based restaurant chain cries foul over the apparently "arbitrary" nature of the system and the level of fines imposed by Visa and MasterCard following an alleged breach of security.
Mobile phones to be most popular payment device by 2016, says report
November 28, 2011 - The mobile wallet will be the preferred method of payment for consumers by 2016, a new report has revealed. PayPal's findings, which are based on a report by Forrester undertaken on the payment provider's behalf, suggested that 2016 will be the year of mainstream adoption for digital payments.
Banks warned of fraud risks in mobile remote deposits
November 22, 2011 - US financial institutions have been warned of the potential for rising fraud rates from the expansion of remote deposit capture technology to the retail and unbanked sector.
UK government plans Payments Council regulation
November 11, 2011 - Following its bungled and abandoned attempt to scrap cheques, the UK Payments Council looks set to face new government-imposed regulations. In July, Britain's banks scrapped their plans to abolish cheques by 2018 after pressure from MPs, consumer groups and charities.
Phone hacking is biggest security concern surrounding mobile wallet, study says
October 17, 2011 - Consumer security concerns surrounding the 'mobile wallet' are dominated by phone hacking, a new survey has revealed. A study by Intersperience showed that 17 per cent of consumers want to use their phone as a 'wallet'- nearly half of the participants in the research said that the lack of security software was their chief concern. Almost a quarter of respondents said they fear that their mobile device is more likely to be stolen than their wallet.
