One of the largest British publishers, Associated Newspapers, has projects of further exploring the mobile purchase world. For this mission, it chose Mobile Money Network as an ally. The Latter will develop an instant checkout application that has already been dubbed “Mail Shop Instant Mobile Checkout App”. The application will work by Simple Tap to enable direct payments on both Daily Mail and Mail on Sunday, two of the publications of the press giant. If it works with a simple code right now, in the near future, the application will probably work will QR codes or even image recognition.
As a service provider, Virgopass seems to have gained much experience besides online payment and micropayment. Among these, there are DNA products, but also subscription services. It is thus proposing its experience and expertise to Premium subscribers of the Virgopass payment solution.
Of course, anyone wanting to monetize a website or an application would prefer payments to be recurrent and making the customer loyal. With this in mind, Virgopass puts forward its services and at the same time, proposes customized services which also seem to take into consideration various factors like the countries and their operators where the service is proposed.
If the United States has Square, among others, as a mobile POS, Europe has iZettle as a notorious solution provider for businesses using Smartphone POS. However, iZettle has recently suffered a blow from Visa Europe, one of the card providers accepted with its mobile POS, and thus had to remove Visa acceptance in 3 countries; Denmark , Finland and Norway. The reason given was that iZettle does not meet Visa’s “standard acceptance device requirements”.
Some could say that Visa Europe’s move could be purely a commercial one. Visa Inc has invested in Square, but this investment was never done by Visa Europe. Anyway, obviously and logically, Visa branches support each other. Moreover, the fact that MasterCard has recently become an iZettle investor could have played in Visa’s decision.
Small and Medium Businesses (SMB) have a disadvantage (among others) to the bigger ones when it comes to methods of collecting data and analysing it. Mercury is therefore proposing a solution that integrates itself with a POS device. Moreover, the system does not use cards like most loyalty systems.
How does it work? Simply put, it works with the client’s mobile phone. The customer just logs in with his Phone at the POS, and any transactions go into his account.
The other interesting aspect is that Mercury Loyalty gives possibilities to SMBs. For example, the data obtained from these transactions allow businesses to provide more personalised and efficient loyalty rewards and a better understanding of customer behaviours, as well as a measure of Return On Investment.
A report done by the Auriemma Consulting Group has been published with information about the consumers in UK and their opinion when it comes to mobile wallets and their providers. It seems that 18.4 % of the United Kingdom customers would chose a mobile wallet application issued by their bank.
From what can be gathered, 11.6 % of those questioned would take a mobile wallet from a payment service provider, while 9.5 and 5.1 % would acquire a solution from a mobile provider and an external provider respectively.
If the mobile wallet providers were to be ranked, it was found that the British customers would first take a solution coming from their bank that accepts only its own cards to be linked. Second would be a solution that allows to link cards from other banks as well. Thirdly, the consumers would chose a mobile wallet that does not come from a bank, but still allows to link a card from one bank only. The fourth place of this ranking goes to a non-bank with the possibility of adding cards from multiple banks.
This data obtained by the Auriemma Consulting Group is interesting and shows the really important trust issue about privacy and finance.
Austrian bank VKB has started business with Gemalto for their online banking systems. VKB-Bank will unveil the Ezio Edge Optic authentication service devised by Gemalto to open the cooperation of the two companies. The Ezio solution uses the high level of security provided by smart debit cards to authorise e-banking transactions. It is concordant with banking standards and laws in Austria.
Are you a customer of AlphaPoint or Softpay? Even if you’re not, it is highly probable that you will be interested in the agencies’ latest endeavour together. The companies have merged, or rather AlphaPoint has bought out Softpay and is upgrading it and changing its name to AssetCentral. This will result in safer online payment transactions.
The services which will be provided consist of an “on-line billing system”, which will enable merchants to control their operations through a control panel and dashboard. This will give the merchants the ability to assess their daily profits and run their own transaction reports. Management of customer databases, subscription billing, invoicing and customer notifications using various email tools are also in the scope of the provided services.