Tuesday, 01 February 2011

eWise payo Unveils Cutting Edge Mobile Payment Application

Today sees the launch of eWise payo mobile, the smartphone application that consumers have been waiting for. eWise payo mobile will enable consumers to initiate secure and private payments for goods, services, or bills online or face-to-face, without having to provide personal financial information to any third parties.

Hot-on-the-heels of the launch of eWise payo, the first and only bank inclusive Online Banking ePayments (OBeP) solution in the UK, the company is debuting its mobile application - eWise payo mobile - at Finovate Europe 2011.

eWise's new mobile app brings a consistent, intuitive, fast and safe way to pay whether online or face-to-face. It enables consumers to pay from any of their accounts with existing funds and provides visibility of account balances at the time of purchase.

Through the mobile solution, consumers can conduct mobile ecommerce transactions, P2P payments, bill payments and T-Commerce. Using the eWise payo OBeP technology and the hard-linking capabilities of the QR Code, a consumer's online bank account can be enabled for countless purchasing scenarios.

John France, managing director at eWise payo, commented: "Current statistics indicate that 29 percent of UK adults own a smartphone, and, 54 percent of smartphone users have used their device for a banking transaction. Given the anticipated growth of these figures, we saw the need to launch a mobile application that would provide a consistent interface for the consumer.

"When we launched eWise payo in January, we indicated that the solution would provide the answer to the industry's demand for improved security. Our mobile version creates an exciting customer experience, and will - I believe - be the biggest positive technological advancement to hit the UK retail banking arena since the introduction of the first ATM in 1967."

Google's Android Becomes the World's Leading Smart Phone Platform

Canalys yesterday published its final Q4 2010 global country-level smart phone market data, which revealed that Google's Android has become the leading platform.

Shipments of Android-based smart phones reached 32.9 million, while devices running Nokia's Symbian platform trailed slightly at 31.0 million worldwide. But Nokia did retain its position as the leading global smart phone vendor, with a share of 28%. The fourth quarter also saw the worldwide smart phone market continue to soar, with shipments of 101.2 million units representing year-on-year growth of 89%. The final quarter took shipments for the year to fractionally below 300 million units, with an annual growth rate of 80% over 2009

In Q4 2010, volumes of Google OS-based smart phones (Android, OMS and Tapas) were again boosted by strong performances from a number of vendors, notably LG, Samsung, Acer and HTC, whose volumes across these platforms grew 4,127%, 1,474%, 709% and 371% respectively year-on-year. HTC and Samsung together accounted for nearly 45% of Google OS-based handset shipments.

'2010 has been a fantastic year for the smart phone market. After a difficult 2009, the speed with which the market has recovered has required real commitment and innovation from vendors and they have risen to the challenge,' said Canalys VP and Principal Analyst Chris Jones. 'But vendors cannot afford to be complacent. 2011 is set to be a highly competitive year with vendors looking to use new technology, such as dual-core processors, NFC and 3D displays, to differentiate their products and maintain value.'

For the full breakdown visit http://www.canalys.com/

Isle of Man Government Profits from Online Payments System

The Isle of Man Government's Online Services have processed in excess of 100 million-pounds in payments since its introduction in 2007. Last year saw a significant take-up in online transactions, with government receiving a total of 60 million-pounds from 20,000 payments. It is estimated that over 13% of the government's revenue for the current financial year came from various online services.

Minister for Economic Development, Allan Bell said: "This is providing significant efficiencies and cost savings for government by reducing paperwork, administration time and payment costs". Online services have proved far more secure for both individuals and businesses transacting with the Isle of Man government.

Ingenico Biometric POS Terminals to Accelerate India's Payment Solutions

Ingenico will help Financial Inclusion Network & Operations (FINO) in India in delivering Micro finance & NREGS (National Rural Employment Guarantee Scheme) payment solutions to the under-served and the unbanked sector.

With the help of Ingenico handheld Biometric POS terminals, FINO will use "Bandhus" or agents to reach out to the rural and far-flung areas to carry out secure financial transactions for multiple banks, state and central government social upliftment schemes and Microfinance agencies. Over 25,000 Ingenico's Bio930G terminals have been deployed by FINO to date out of which, over 7.000 successfully deployed in the last quarter of 2010 for NREGS. The deployment of terminals continues in 2011.

Ixaris Launches Payment App to Automate Corporate Purchasing

Ixaris, an innovator in global electronic payments, today announced the launch of Opn Card Guardian, a payment application that automates the corporate purchasing process through one-time-use virtual Visa cards.

For the first time, developers and businesses can integrate corporate purchasing functionality into third-party procurement systems without having to partner with a financial institution or integrate with a card processor.

Using Opn Card Guardian, any type of firm, from SMEs to global enterprises, can issue their employees with company-branded open loop virtual Visa cards that are pre-loaded with funds and configured in various ways to ensure that purchases comply with internal expense control arrangements. This level of financial control gives organisations the ability to take advantage of online purchasing through Visa cards while reducing reconciliation discrepancies and unauthorised purchases.

Alex Mifsud, CEO of Ixaris, said: "Gone are the days when sharing the corporate credit card details with numerous and often transient staff is the only option for business to take advantage of online purchasing. Organisations now have the ability to extend their purchase and expense control arrangements with a card purchasing option that does not compromise on financial control and oversight. Any business with a basic intranet can incorporate the payments innovation that Opn Card Guardian offers easily within their site, so it is as simple to implement as it is to use."

Infineon Completes Sale of Mobile Phone Business to Intel

Yesterday, Infineon Technologies AG has completed the sale of its mobile phone business (Wireless Solutions 1) to Intel Corporation.

Following the sale, approximately 3,500 employees will move globally from Infineon to the new company Intel Mobile Communications GmbH (IMC).

IMC will be headquartered in Neubiberg near Munich, Germany. As planned, Prof. Dr. Hermann Eul will become the President of IMC, leaving his position as Member of the Management Board of Infineon Technologies AG. His former responsibilities for Sales and Marketing will be taken over by CEO Peter Bauer. Dr. Reinhard Ploss will take over responsibilities for Technology and R&D in addition to being Head of Operations and Labour Director.

Infineon and Intel announced the sale of the mobile phone business on August 30, 2010. The final purchase price amounts to 1.4 billion US Dollars in cash.

Airtel Money, India's First Mobile Prepaid Cash Card

Bharti Airtel has become India's first telecommunication operator to launch prepaid cash cards - the Airtel Money. Launched in Gurgaon (a city in Haryana State), Airtel will release its prepaid cash card across the country in a phased manner.

The new service comes as an alternative to cash transactions, allowing customers to use mobile phones to make payments, pay bills, shop and recharge their mobile phone. Airtel has a subscriber base of 149 million in India, and is one of the 17 companies to be given a prepaid payment instrument licence by the RBI.

What is interesting is that any loading of money in the Airtel Money account will be separate from a prepaid mobile calling recharge, meaning you cannot use your prepaid mobile calling balance to make a payment.

PayPal Restricts Merchant Payments in India

After blocking personal payments, PayPal is now restricting the amount of online payments made to merchants in India to comply with new rules to be imposed by the Reserve Bank of India beginning March 1, this year.

In January 2011, PayPal blocked incoming and outgoing personal transactions in the country when finance officials said online payments via PayPal should be regulated like wire transfers. In July, PayPal customers were again allowed to withdraw funds.

The new change by eBay Inc-owned PayPal limits Indian merchants from receiving payments coming from overseas to $500 per transaction. Another restriction is that Indian PayPal users will not be able to use their funds to purchase any product beyond March 1. In order to do so, customers should transfer funds to a bank account first.

PayPal users in India can use payment service to purchase only from foreign businesses online. But users who sell products to foreign merchants must transfer their funds to a bank in the country within 7 days of the delivery of the product purchased.

It is estimated that PayPal has 94 million active accounts in India in 2010 and that number may be reduced because of the restrictions implemented by the Reserve Bank of India.

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