Mobile Wallet News Takes Payments Industry By Storm

By  |  August 30, 2012
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Here are our top five tweets from the week that was. Keep tweeting, and we may feature you next Friday.

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    @NFC_SME: Banks are security centric, not application building centric. RT @pymnts: #Smartphone Baking Capabilities Are Lacking. Ow.ly/dju9z

    Here’s an interesting response to Auriemma Consulting Group’s report that mobile banking among smartphone users is not as prevalent as we think. The report inferred that banks are failing to keep up with consumer demand, but at this tweeter raises questions as to whether mobile finance applications should come directly from the banks in the first place.

    Read the original tweet here.

    @BBillingsley: Going after the weakest in the herd. RT @pymnts: #Google Exec Attacks #Isis, Hints At New Wallet Features ow.ly/djtBb

    Looks like Google Wallet’s Rabin Dua isn’t the only one with harsh words for Isis –this tweeter seems to agree with the sentiment that Isis is lagging behind in the mobile wallet’s business. Dua characterized Isis’ business strategy as ‘not scalable” earlier in the week, saying its SIM-based plan will take too long to implement. Isis ultimately got the last laugh, though, as word leaked that it will finally launch in select markets next month.

    Read the original tweet here.

    @MasterCardNews: MasterCard inks 5-year #NFC/#Mobilepayments deal with Everything Everywhere #FuturePay pco.lt/Oq1yv3

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    MasterCard and Everything Everywhere made major news this week, agreeing to a five-year partnership to service 27 million customers in the U.K. The two companies said one of the first orders of their new partnership is to create a pre-paid service for mobile devices enabled with NFC technology.

    Read the original tweet here.

    @CrawfordCragun: Commentary -Fifth Network … First Wallet | PYMNTS.com: http://pymnts.com/commentary/fifth …

    We thank Crawford for the retweet of Karen Webster’s piece on PayPal’s partnership with Discover, and how it may make PayPal the world’s “fifth payments network.” We’ve been inundated with Google Wallet and Isis news this week, but PayPal’s mobile wallet potential should not be ignored.

    Read the original tweet here.

    @USA_Tech: @pymnts I believe it!

    What does USA Technologies believe? The study we passed along that U.S. moms spend more time with smartphones than they do with more traditional platforms such as TV, radio or magazines. So what does that mean for payments? One report says that 97 percent of tablet-owning mothers shopped from their device last month, and mobile usage among such users is up 40 percent from 2009.

    Read the original tweet here.

    There’s our top five for the week. Have a great weekend, everyone!

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