Who Wins The Mobile [Payments] Platform Wars?

SYS-CON Media (press release)  The PYMNTS.com Briefing Room on Mobile Platform Wars focuses on the varying and sometimes competing approaches to mobile commerce currently in play,




Identity Theft on the Rise

PC World  ... (in the form of a Social Security card, driver's license, or birth certificate), but there has not been a credit or debit card fraud committed. ...




CONSUMERS REMAIN INSECURE WHEN BANKING ONLINE AS FRAUDSTERS STAY A STEP AHEAD

Consumers around the world are becoming increasingly aware of, and concerned by, online security issues, yet more people than ever are falling prey to cyber-scams, according to a survey from RSA.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20974



WONGA TURNS IPHONE INTO 'VIRTUAL CASH MACHINE'

London-based online credit start-up Wonga has launched a mobile app that offers instant short-term loans over the iPhone to approved applicants.   More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20971



American Express acquires Revolution Money

Trading Markets (press release)  American Express Company, a provider of travel related services, has acquired Revolution Money, Inc., a provider of online payment solutions and online



EBay Profit Nearly Quadruples On Core Strength, Skype Gain

Wall Street Journal  EBay Inc.'s (EBAY) fourth-quarter profit nearly quadrupled on strength in PayPal and the core marketplace business as well as a $1.4 billion gain from the



PayPal Gives eBay A Boost

Forbes  Online auctioneer eBay Inc. said Wednesday its fourth-quarter profit more than tripled because of "excellent growth" at PayPal and StubHub, a robust holiday ...





Risky Business Valley startups aim to text MONEY

San Jose Mercury News  Meanwhile, PayPal, a division of eBay, has opened its payment platform to outside developers, leaving observers to wonder what tricks it may yet unveil in




HEARTLAND SETTLEMENT WITH VISA PROMPTS LAWSUIT AGAINST ACQUIRING BANKS

In the wake of Heartland Payment Systems' data breach settlement with Visa, lawyers representing five financial institutions have filed a class action lawsuit against two acquiring banks, claiming they share responsibility for damages caused by the intrusion.   More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20983



New Group Seeks Safe Debit Payments Online And for Mobile

Digital Transactions  Now a new one has come onto the scene, one is dedicated to furthering the cause of



Rixty Raises $1.24 Million in Seed Capital to Fuel Growth of Its Cash-Based ...

SYS-CON Media (press release)  ... and was previously director of product management at Google, Inc., and co-founder of Achex, a developer of online payment systems which was eventually




Starting tomorrow, consumers will be able to rent five films, all affiliated with the Sundance Film Festival, through YouTube. The launch of the movie rental service could open the door for more paid content, including educational material.



Payment Volume, Platform Response Swell for an Upbeat PayPal

Digital Transactions  The processor saw some progress with Bill Me Later, the online transactional credit provider eBay acquired in 2008. Despite a tough economy and high ...




Pricing, Security Deter Mobile App Downloads, Says Survey

eWeek  “Mobile commerce is a rapidly maturing market. We have seen e-commerce continue to gain widespread user acceptance,” Aston Fallon, president of Asknet, ...




Recession Helps Fuel Merchant Interest in Online PIN Debit

Merchant e-Solutions Inc., which on Tuesday announced it is actively marketing online PIN debit to both existing and prospective e-commerce merchants, credits the deep recession of the past year or so with helping to drive merchant interest...  http://www.digitaltransactions.net/newsstory.cfm?newsid=2425




China's Internet titans leave West behind

CNN International   Social Internet service providers like Tencent trounce foreign latecomers like MySpace and Facebook. While the Google-China spat has raised questions ...




Magento Ecommerce Platform Integrates Moneybookers Payment Service

Auctionbytes  By Ina Steiner Magento has integrated Moneybookers as a core module in the upcoming Version 1.4 of the Open Source Magento eCommerce platform. ...




Google sees revenues increase 17%

BBC News  ... due to it having to write down $1bn to cover a fall in the value of its investments in internet group AOL and wireless service provider Clearwire. ...


Javelin Study: End-to-End Encryption, Tokenization, and EMV in the US

Javelin has announced a new report titled "End-to-End Encryption, Tokenization, and EMV in the US: Vendor Analysis of Emerging Technologies and Best Hybrid Solutions" that "assesses the capabilities of end-to-end encryption, tokenization, virtual terminals, magnetic-stripe security and the EMV standard as solutions to combat payment-related data breaches."



Posted by John B. Frank Friday, January 22, 2010

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Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers