Near Field Communications Handsets and Tags, NFC Pilots and Projects

PYMNTS.com covers 'Mobile Payment Wars'

Thursday, January 28, 2010

PYMNTS.com, a joint venture between Berkshire Hathaway’s Business Wire and Market Platform Dynamics that promotes the companies, products and people that drive “what’s next” in global payments, has announced the launch of the Mobile Platform Wars briefing room - a place where participants from across the payments sector can voice their views on how mobile payments will be adopted and in what timeframe.

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MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

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Clear2Pay has announced that the Korea Electric Testing Institute (KETI), an organization dedicated to enhancing the safety and quality of electronic products, has selected Clear2Pay’s Integri test tools for the testing of digital communication between NFC devices.

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MasterCard’s stock dropped 3.6% on the recent announcement Verizon and AT&T are partnering with Discover and Barclays to launch mobile contactless payment services, but the company says it has its own ventures in diversified payments.

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IE Market Research Corporation has announced the release of its new report, 3Q.2010 Global Mobile Payment Market Forecast, 2010 - 2014.

The report predicts that in 2010 alone, mobile payment users will exceed 500 million. This number is set to grow at a compound annual growth rate of of 20.5% to reach over 1 billion users in 2014, representing $1 trillion in transactions.

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eNational Payments, a provider of mobile and contactless electronic commerce and payment processing services, has a entered into a strategic partnership with Mocapay, enabling its merchants and retailers access to Mocapay’s secure mobile payments solution and mobile marketing engine to reach customers in real-time.

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Multicard, a business unit of Identive Group, announced that it has been selected by Rabobank to provide personalization and fulfillment services for the Dutch bank’s latest application of its MiniTix cashless e-payment solution.

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