Wednesday, 11 May 2011
Mobey Forum Enjoys Seriousness about Mobile Payments
Increased acceptance of mobile payments system across the world has led to the rise of membership in Mobey Forum. The Forum has welcomed 6 new members - China Guangfa Bank, Infobip, Misys, Nykredit, Oberthur Technologies and Western Union since the beginning of this year. Mobey Forum is a non-profit, global forum that encourages the increased use of mobile technology in financial services.
The new members will work along with the 50 existing members to accelerate the take-off of user-friendly mobile financial services by promoting open, non-proprietary technology standards. Mobey Forum's members consist of leading financial institutions; mobile network operators, mobile handset manufacturers, payment processors and vendors, and they collectively represent over 460 million banking customers globally, which is more than 25% of the global customer base.
Sirpa Nordlund, Executive Director at Mobey Forum, comments: "By taking the decision to participate in Mobey Forum, each of the new members has demonstrated its intent to be involved in creating a sustainable, scalable and user-friendly mobile payments landscape. We are delighted to welcome such expertise to our discussions and work initiatives".
eWise Payo Announced New U.S. Community Bank Customers
eWise has announced adding 2 new community banks to its growing customer base in the U.S. Meridian Bank and Metro Phoenix Bank will sponsor merchants and independent service organisations (ISOs) to accept Secure Vault Payments and provide their customers newer and more secure alternative payments.
The Secure Vault Payments (SVP) provides a new revenue source and ensures greater customer loyalty for these banks. eWise Payo is designed to offer banks an entirely new revenue stream, replacing only costs associated revenues. Bank customers can now have a fast and easy way to make secure payments and manage their online transactions right from their bank account.
The SVP network links consumers, financial institutions, merchants and billers, providing value to all stakeholders in the payment chain. It gives merchants and billers real-time authorisation of funds and guaranteed payments for ACH transactions at costs typically lower than traditional and other alternative payment methods. Since the commercial release of SVP in late third quarter of 2010, the network has enjoyed successful momentum with regular announcements of new members to the network, most notably the announcement in November of US Bank's participation and strong support.
Ericsson to Acquire M2M Technology Platform
Ericsson is set to buy Telenor Connexion's M2M Technology Platform to boost its 50 billion Connected Device vision.
According to Frost & Sullivan analyst Yiru Zhong: "Ericsson's acquisition provides service providers - and not only telecoms players - with an alternative way to achieve faster time to market with regards to deployment of M2M communication services. As such, we see a potential for Ericsson to disrupt traditional M2M players by opening up possibilities for new types of service providers".
Ericsson's acquisition is expected to bring in a second wave of telecommunications entry into the M2M space by overcoming the telecommunications companies' operational challenges in tapping into this growth area.
Contactless Mobile Payment Wave in Poland
In Poland, altogether 6 banks (PKO BP, BZ WBK, Citi Handlowy, Millennium, MultiBank, mBank and ING Bank Slaski) have initiated pilot projects in the Near Field Communication (NFC) payment technology area.
To make NFC-based payments, the consumer places his telephone close to the appropriate NFC reader at the store, which in turn connects with the phone's SIM card. The SIM card contains the consumer's bank account information.
In 2010, Inteligo Bank was the first financial institution in Poland as well as in Europe, to test the new technology in partnership with telecommunication operator Era.
Soon after, Bank Zachodni WBK started using contactless technology, joining with another telecommunication firm, Polkomtel. Recently, Bank Zachodni WBK has teamed up with Orange to test NFC-enabled payment technology. According to news sources, ING is also planning to launch a test period in three to four months' time.
VeriFone to Offer New Payment Solutions at Cards Middle East
VeriFone, secure electronic payment solution specialist, will display a range of PCI-PTS 3.0 approved and contactless/NFC-based products, including its VX Evolution and PAYware Mobile solutions at the 2011 Cards Middle East to be held in ADNEC, Abu Dhabi on 17-18 May.
The Company's new VX Evolution range of payment devices include:
Giesecke & Devrient Reports 2010 EBIT of Euro151 Million
In 2010, Giesecke & Devrient (G&D) improved its adjusted EBIT by 9 percent to Euro 151 million and, with Group sales of some Euro 1.7 billion, was able to maintain the already high sales levels of previous years. In the period under review, investments in research and development rose by around 25 percent to reach Euro 117 million, while consolidated net income weighed in at Euro 81 million.
According to Dr. Karsten Ottenberg, Chairman of the Management Board and CEO of G&D, it is particularly the Cards and Services and Government Solutions business units that have been benefited most due to growing demand for new, sophisticated high-tech solutions in world market.
The Cards and Services business unit rose by 20 percent in 2010 to reach Euro 705 million. With sales totalling Euro 753 million, the Banknote business unit remained the company's key revenue earner in fiscal year 2010.
Business with government institutions worldwide was also highly successful. In the Government Solutions business unit, sales grew by 15 percent to Euro 210 million, mainly due to successful new projects in electronic passports, ID documents, and system solutions field. The company's role in the production of the new German ID card also played a part in this growth. In 2010, sales in the New Business division reached Euro 20 million, posting a 26 percent increase.
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