All articles by EPI editorial
EPI editorial
Bright future for mobile commerce
While still a minor factor in the US retail commerce market mobile phone payments appear set to become an increasingly significant feature, Nic Covey, director of insights at Nielsen Mobile, told delegates to the Internet Retailer Conference and Exhibition held in Chicago in June His optimism was based on an extensive survey conducted by Nielsen Mobile, a unit of media analysis specialist The Nielsen Company While still a minor factor in the US retail commerce market mobile phone payments appear set to become an increasingly significant feature, Nic Covey, director of insights at Nielsen Mobile, told delegates to the Internet Retailer Conference and Exhibition held in Chicago in June
Global phishing gang lands in the dock
A US federal grand jury in Los Angeles has charged 33 individuals in a 65-count indictment for their alleged participation in an international scheme that used e-mail phishing to defraud thousands of individual victims and hundreds of financial institutions.
MasterCard solution streamlines new debit product delivery
MasterCard has unveiled the MasterCard Integrated Processing Solutions (MIPS), a debit processing solution for US banks it believes will enable them to transform the way they expand their payments product offerings One of MIPS key features is enabling banks to rapidly design and deploy innovative signature, PIN and prepaid debit payment products and services that can be customised at local, regional and national levels. Using MasterCard IPS is like moving from the highway to the runway, said Tim Murphy, president of MasterCards US region
MyECheck takes cheques online
An estimated 80 million adults in the US have no ability to buy online at websites that only accept credit cards, a shortcoming MyECheck is tackling in a unique way by harnessing remote data capture technology.
The online crime growth industry
Gone are the days when internet users had to visit intentionally malicious sites or open malicious email attachments to become victim of a security breach.
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Amazon.com promises mobile purchases in less than a minute
Amazon.com promises mobile purchases in less than a minute Best known as a giant of the internet-based retail market, Amazon.com is determined to achieve the same success in the world of mobile payments. Indeed with the launch of its latest offering, TextBuyIt, Amazon now lays claim to offering customers using a mobile device to access its mobile website the same features they enjoy when shopping online via a computer. According to Amazon customers opting for TextBuyIt use the same login, payment and shipping information as they normally do on a computer and using text messages can find the product they are looking for and complete a purchase in less than a minute.
Diebold cold-shoulders offer from United Technologies
An unsolicited offer made by technology conglomerate United Technologies Corporation (UTC) to acquire all the outstanding shares of financial self-service hardware manufacturer and outsourcing services provider Diebold has been unanimously rejected by Diebolds directors.
African technology goes global
Mobile banking is the focus of much attention and is attracting a host of newcomers to the ranks of mobile technology vendors.
Still more hype than action in the US contactless payments
For all the publicity that has accompanied the introduction of near field communications contactless payments in the US, it is a technology battling to achieve a major market breakthrough, a study by consultancy Aite Group has highlighted According to Aite, despite pilots for contactless payment cards indicating a significant value proposition for issuers, merchants and consumers alike, merchant penetration of contactless payments will reach 0.5 percent this year and creep ahead to reach a still unimpressive 2.5 percent in 2014. Aite attributes part of the reason for slow adoption of contactless payments to merchant concern relating to interchange costs on low-value transactions
Built on constructive co-operation
Portugals adoption of electronic payments began in the mid-1970s and has been characterised throughout by close co-operation within the countrys banking industry, which since 1983 has been open to private sector investment, and active encouragement by the central bank, Banco de Portugal (BdP).