Friday, 30 September 2011
Remote Payments to drive USD $22.5 billion m-commerce Market
A white paper commissioned by Vesta Corporation, a global pioneer and leader in electronic payments, highlights the significant opportunity that remote payments present to mobile operators. The white paper, compiled by Informa Telecoms & Media, reveals that end-user revenues from m-commerce services, delivered over cellular networks, are expected to grow to more than US $22.5 billion by 2014. These m-commerce services will include mobile banking, remote mobile payments, local mobile payments and mobile money transfers.
According to Informa Telecoms & Media, money transfer services are expected to drive end-user revenues of six billion dollars by 2014. This represents a significant and immediate commercial opportunity for mobile operators compared to NFC technology, which requires a large upfront investment and is expected to take at least three or four years to reach critical mass.
Enabling m-commerce services can also help operators benefit from the growth of the mobile applications market. Many over-the-top providers launching app-stores are interested in using operator billing to generate a large number of paid-for transactions, despite having to share revenue with the operators. Therefore, operators can generate additional revenues by enabling the billing and payment for third party mobile applications, assuming they can negotiate competitive rates of commission with the application store providers.
"M-commerce clearly presents exciting opportunities to mobile operators," says Shailendra Pandey, senior analyst, mobile content and applications at Informa Telecoms & Media. "It makes sense for operators to place more focus on utilizing their existing top-up and billing systems to drive m-commerce market growth."
The full whitepaper can be downloaded at: www.trustvesta.com/download.aspx
Apple 5 Launch will be successful
As reported by PRNewswire, research by InMobi will see Canadians, Mexicans and Americans all eager to exchange their existing phones for the new Apple 5, go to (http://tinyurl.com/6k7pyby) to read the full report.
InSight Duo Captures Iris and Face in Seconds from 2 Meters
AOptix Technologies, Inc., a developer of advanced biometrics-based identity solutions, has announced the latest addition to their growing family of biometric products, the InSight(r) Duo, the world's first biometric system with simultaneous ISO standards-compliant iris and face capture. Positioned to meet the high throughput requirements of border and aviation security while providing a superior user experience, the InSight Duo delivers effortless iris and face capture within seconds from a distance of 2 meters.
By adding a face recognition quality image capture to the InSight iris recognition system, the Duo offers dramatic performance and versatility in a single, integrated unit. Rapid collection of a dual modality record enables flexible usage of either biometric, allowing for seamless migration from legacy face recognition systems or utilization of both biometrics for standards compliance, outlier handling, or even biometric fusion.
The InSight Duo is particularly well suited to enrolment and authentication applications including registered or trusted traveller programs and expedited processing at immigration or airport security checkpoints, where speed and accuracy are critical. Because the InSight Duo is fully automated, it is simple and intuitive even for non-technical or non-acclimated users, and can help streamline otherwise complicated processing.
Train your Brain not to need Reading Glasses
Early next year will see the launch of an app .that will train your brain to read a computer screen without the aid of glasses. Developed by US firm Ucansi, GlassesOff encourages the brain to make sense of the blurred information the brain receives from people with presbyoplia or age related long-sightedness. Due to be launched as a smartphone app, it is hoped a home computer version would follow.
Collis Terminal Functional Test Tool (FTT) qualified by Interac Association for Dual Interface (DI)
Collis announces that Interac Association has qualified Collis Terminal Functional Test Tool for Dual Interface (DI).
Collis Terminal FTT has been successfully qualified for the implementation of the "Reader Terminal Interoperability and Confidence Test Guide". The objective of the guide is to ensure that a terminal supporting both contact and contactless interfaces is compliant with the Dual Interface (DI) specifications promulgated by Interac Association. Interac Association members wanting to implement DI have to comply with these specifications.
Collis Terminal FTT incorporates all the tests specified in the guide. As a result, it detects the interoperability issues before a terminal is deployed in the field and reduces the time to market. This qualification means that the log files generated by the Collis Terminal FTT can be sent directly to Interac Association for DI certification. Collis Terminal FTT continues to support the "Acquirer Test Package" and the "Terminal Application Tests" for contact interface.
Allen Wright, Vice President, Products and Services Management, Interac Association comments: "We are pleased that Collis Terminal FTT has successfully qualified. This qualification broadens the range of test tools available to Interac Association members. With Collis Terminal FTT, our members have a new option for DI certification."
Hoeft & Wessel Introduce NFC Capability into its Ticketing Product Range
As of October 2011 Hoeft & Wessel will provide NFC (Near Field Communication) enabled contactless payment functionality across its ITSO ticketing equipment and terminals through the integration of Contactless.LIB, CreditCall's Contactless Kernel.
CreditCall's Contactless Kernel allows Hoeft & Wessel to quickly and easily incorporate contactless payment technology into its solutions, greatly reducing their development and time to market cycle.
Hoeft & Wessel is the leading IT and engineering technology Group for ticketing, parking and mobile solutions in Great Britain and Germany. The product portfolio covers stationary and mobile systems with ticket vending machines, parking machines and mobile terminals.
The fully featured Contactless Kernel enables acceptance of Visa payWave and MasterCard PayPass enabled cards in retail and unattended environments. It meets all current Visa, MasterCard and EMVCo standards and allows support for additional contactless card schemes such as NFC. Contactless.LIB supports MasterCard's PayPass M/Chip and M/Stripe in addition to Visa's qVSDC and MSD functionality.
Peter Aylward, General Manager of Almex UK, part of Hoeft & Wessel, explained "CreditCall is a globally acknowledged industry expert with an exceptional track record in the payment sector. Their Contactless Kernel has enabled us to quickly and economically integrate contactless payment functionality across our offering."
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