The system would let people buy a MicroSD card to use their phones to pay for goods
Tyfone is putting the pieces together for a commercial mobile wallet offering, forming an alliance with First Data.
NFC technology might boost mobile payment systems in developed countries
The mobile phone is turning into the platform of choice for banking in emerging markets. In developed markets, however, the phone has struggled to compete with existing payment methods, and the challenges aren't going away in 2010.
Interest in mobile banking services is accelerating worldwide
Money transfers and payments over mobile phones will be among the top 10 most important mobile applications by 2012, market research company Gartner said on Wednesday.
The system would let people pay for content without a credit card or the need to create an online account
Ericsson will soon launch a platform designed to let consumers buy online content such as news stories with the charge billed to their mobile phone rather than other payment methods, such as a credit card.
Services will work on both Nokia and other phones
Nokia is getting ready to launch Nokia Money, which will offer basic financial services on mobile phones, it said on Wednesday.
Airtime itself could be a source of income, and an informal mobile money transfer system was born
Mobile commerce is quickly becoming one of the most cost-effective, far-reaching means of giving the 'un-banked' poor their first taste of financial services. Yet many of these services are almost entirely informal, connected to neither banks nor traditional forms of regulation. A new initiative - CreditSMS - aims to integrate m-commerce with traditional financial management tools, thereby formalizing the informal and bridging the financial divide.
The app works with the iPod Touch as well and gives users the advantage of convenience, MoBank says
iPhone and iPod Touch owners in the U.K. will be able to use their devices to buy and pay for goods using a new application from MoBank.
But Near Field Communications slow to arrive, conference panelists say
Mobile payment and mobile commerce applications are proliferating in the U.S., but the adoption of Near Field Communications (NFC) technology that allows mobile phone customers to quickly tap a mobile phone and pay for a subway ride or a grocery store purchase is years away, several industry officials said at a conference here.
Will make it easier for operators to launch services, Nokia says
The new Nokia 6216 classic handset, announced Thursday, incorporates support for NFC (Near Field Communication) technology on the SIM card, paving the way for operators to more easily deploy mobile-payment systems.
Passengers can book and pay using their mobile
Taxis.net.au has launched a new service which allows passengers to book and pay for taxi trips using a 3G-enabled mobile phone, PDA, Blackberry or via a PC Web browser.
