Mobile phones are quickly taking the place of credit cards in markets spanning the globe. Kenya, considered a leader in mobile payments, already has mobile banking up and running in the country, according to BusinessDailyAfrica.com. When NFC enters the Kenyan market it will enable other options for payments and banking. Read more here.   

Visa has announced the development of its next generation point-of-sale payments solutions for the eCommerce, mobile commerce and social networking commerce environments. New offerings are expected to include a digital wallet and a range of mobile payments services tailored to different markets around the world. Visa plans to introduce its digital wallet and services platform […]

Payment solutions provider Carta Worldwide has integrated the MasterCard Mobile Over-the-Air Provisioning Service (MOTAPS) for NFC programs. MOTAPS is designed to provide issuers with an easier way of rolling out NFC programs, like PayPass, by enabling owners of NFC handsets to set up their MasterCard accounts directly from the handset itself. Personalization data is delivered […]

Intuit, the financial solutions provider behind TurboTax and Quicken, is unveiling a retooled version of its GoPayment mobile credit card processing application using NFC. Built on Google’s Android mobile platform, Intuit’s new GoPayment application transfers credit card data via NFC, eliminating the need for the actual card or any add-on card reader hardware. Intuit says […]

Google software engineer Nick Pelly told delegates at the Google I/O conference that “dozens” of NFC phones will hit the market later this year, according to NFC World. Although Pelly did not reveal any specific product names, he asserted that the company “knows personally dozens of phones in the pipeline for 2011 that are going […]

A recent survey conducted by UKFRAUD.co.uk and event organizer Fraudconference.co.uk has revealed that 60% of UK fraud specialists believe that mobile payment options pose the greatest potential risk of fraud. According to the survey, contactless payment via NFC has drawn the most concern, leading other services such as SMS-based transactions, direct mobile billing and mobile […]

Tabbedout, a new entry into the mobile payment market, announced that it has acquired an investment of $5.75 million fund its product development. Tabbedout has an application that is available for Android and iPhone that enables an individual to encrypt credit card information on a device and pay a bill if a restaurant or bar […]

Google is gearing up for a launch of its Mobile Wallet project, which enable smart phone based NFC payments. Google plans to release the product first in Europe, where the competition is heating up, according to a Marketing Week report. Rivals are already pushing to launch their own NFC-based payments as soon as possible. Details […]

IMS Research is predicting 2011 will be the year that NFC “finally comes good and takes-off.” “The NFC market has encountered many false dawns from its inception almost seven years ago,” comments Senior Market Analyst Don Tait. “The launch of a number of NFC-enabled smart phones in 2011 is helping the market to gain traction. […]

In a bid to become the mobile payment platform of choice, Bling Nation has launched a social media element to its contactless Bling Tag offering. Introduced in October 2010, FanConnect is a rewards and loyalty application that intertwines contactless payments, social marketing and the ubiquitous Facebook page. A Bling Tag is a contactless chip that […]