CardNotPresent.com CyberSource

Mopay Predicts Big Year for Direct Carrier Billing

Jan. 19, 2012

mopay, a Palo Alto, Calif.-based provider of direct carrier billing technology for online purchases, made several predictions for the payment method in the coming year, including that its adoption will increase tenfold by the end of 2012. The direct carrier billing company also expects consumer security concerns to drive mobile payments. “Consumers are demanding payment options that require as little personal information and confidential financial numbers as possible. In 2012, direct carrier billing will emerge as a true contender to replace credit cards for online transactions as the inherent security of the payment method will become known given the only information used is a mobile or landline phone number. As the actual phone is needed to complete the purchase, the risk of unauthorized purchases is potentially zero compared to data breaches involving credit cards.” mopay said direct carrier billing will enter a wide array of industries and operate in new scenarios of application, including entertainment and sports ticketing, expanded reach into paid content sites, insurance and subscriptions.

 Average 4 out of 5
 Your Rating:
Your Review:
  

Advertisement

FAC

 

  • White Paper Helps Small Merchants Avoid Breaches - May 17, 2012
    ControlScan has published a free white paper for small businesses that details the most effective steps they can take to protect themselves from data thieves. The company says small merchants are complacent about the impact a data breach would have on their business yet are particularly vulnerable to attacks.
  • SafetyPay Launches Global Online Cash Payment Network - May 17, 2012
    SafetyPay, a Miami-based online payment provider, yesterday launched an alternative payment method that lets online shoppers pay with cash. The company says the cash payment solution will be available to consumers in the U.S., Brazil, Peru, the Caribbean, Russia and the CIS countries.
  • MasterCard Ranks Global Preparedness to Adopt Mobile Payments - May 14, 2012
    The Purchase, N.Y.-based card network has developed an algorithm that synthesizes six components—environment (economy and scale), infrastructure (telecommunications and technology), regulation, financial services, consumer readiness, and mobile commerce clusters (the degree of integration and partnering among banks, telcos, and the government)—into an index that enabled it to rank the markets in terms of which are most ready to adopt mobile payments right now.
  • FICO Charts European Fraud Shifts Since 2006 - May 14, 2012
    The U.K. went from nearly €650 million ($838 million) in fraudulent transactions in 2006 to around €420 million ($540 million) last year. Most of the fraud migrated to France and Germany, which both saw significant increases in payment card fraud in the past five years.
  • ControlScan Acquires CRE Secure - May 11, 2012
    ControlScan, an Atlanta-based provider of PCI compliance and information security services for merchants and their service providers, has acquired CRE Secure, another Atlanta company that specializes in secure cloud-based payment solutions for online merchants.
  • MasterCard to Launch Wallet for Online Payments - May 10, 2012
    The card network’s PayPass Wallet Services comprise components that enable online or contactless in-store purchases with a linked payment card and an API that allows partners to connect their own digital wallets into the PayPass Acceptance Network, leveraging MasterCard’s checkout, fraud-detection and authentication services.
  • VeriFone Sets SAIL for Mobile Acceptance - May 10, 2012
    VeriFone this week introduced SAIL, its mobile credit-card acceptance system that will compete with Square, PayPal Here and Intuit’s GoPayment. The company is offering smaller merchants the app and plug-in dongle that enables iOS and Android devices to accept card payments for free.
  • BOKU Signs Direct Billing Agreement with Deutsche Telekom - May 7, 2012
    Direct carrier billing technology provider BOKU,Inc. on Thursday signed a direct billing agreement with Deutsche Telekom, the largest mobile network operator in Germany. Under the agreement, Deutsche Telekom’s 34 million subscribers can purchase digital and virtual goods online and charge them to their existing wireless account.
  • WePay Nets $10 Million Investment - May 7, 2012
    WePay, a Palo Alto, Calif.-based technology provider that enables online payment, said Friday Ignition Partnersit has closed a $10 million financing round led by. The company launched two years ago as a group payments system but evolved into a full suite of tools that merchants can integrate into their Websites to collect online payments.
  • First Data Acquires Remaining Stake in OmniPay - May 3, 2012
    First Data Corporation has acquired the remaining 30 percent of Irish payments processor OmniPay. The Atlanta-based processing giant acquired the remaining equity from FEXCO, a provider of transaction processing, foreign exchange and outsourcing services.
  • MasterCard Removes Global Payments from ‘Approved’ List - May 3, 2012
    Fallout from the Global Payments data breach, reported more than a month ago, continued this week as MasterCard confirmed it has removed the payments processor from its list of approved vendors. MasterCard’s move follows that of Visa, which removed Global Payments from its list of PCI-Compliant service providers shortly following disclosure of the April breach.
  • Fed: Debit Interchange Fees Nearly Halved - May 3, 2012
    According to the Federal Reserve, data collected after the rule took effect show that the average interchange fee per transaction received by non-exempt issuers in the fourth quarter of 2011 declined substantially to 24 cents while the average interchange fee received by exempt issuers was 43 cents.
  • Walmart Launches Online Cash Purchases - May 3, 2012
    Walmart recently launched a system that enables consumers to shop and order online, but pay using cash. The “Pay with Cash” offering is available at Walmart.com in the U.S. and is aimed at consumers who do not have bank accounts or credit cards or who are uncomfortable using payment cards online.
  • LivingSocial Acquires Onosys - April 30, 2012
    LivingSocial Acquires Onosys  April 30, 2012 Daily deal Website LivingSocial.com, the main competitor to segment pioneer Groupon, has acquired Cleveland based Onosys, a provider of ordering software. A spokesperson for Living Social says the Onosys team will join the merchant
  • Q1 Online Payments in China Increase 112% - April 30, 2012
    Online payments during the first quarter in China increased more than 112 percent from Q1 2011 to 776 billion yuan ($123.38) during the first quarter of 2012, according to Beijing-based IT consulting firm iResearch. The company says the increase in online payments was facilitated by new business models such as point of sale payment options and online securities trading.
  • O2 Launches Mobile Wallet - April 30, 2012
    O2 Wallet, available as an application for Android, Apple's iOS and BlackBerry, enables consumers to shop online, make Mobile P2P payments via text message, track items purchased and make ATM cash withdrawals. The app also will deliver targeted offers from retailers including Debenhams, Comet, Sainsbury’s Direct, and Tesco Direct.
  • Alaric Launches Anti-Fraud Solution - April 30, 2012
    Fractals FIH (Fraud Integration Hub) integrates a client's own internal systems and data streams with multiple external datasets that are available in real time via multi-channel mapping and integration abilities that enable users to create their own fraud detection rules.
  • Mobile Payments in China Expected to Top $80 Billion by 2015 - April 26, 2012
    Mobile payment transaction value in China is virtually doubling every year and is expected to be worth more than $80 billion with 441 million active users by 2015, according to a recent report. A Shanghai-based research and consulting firm says China has overtaken the U.S. as the largest smartphone market in the world.
  • PayNearMe Launches Mobile Service for Online Purchases - April 26, 2012
    Like the original version, consumers who choose PayNearMe at checkout take their receipt to the nearest 7-Eleven store and pay using cash. The company says the mobile app is even simpler as shoppers don’t need to print out a paper receipt to make payment. They just scan a barcode at the convenience store's counter or show the electronic receipt on the smartphone’s screen.
  • Gas Retailers Not Profiting from Durbin Amendment - April 24, 2012
    Gas Retailers Not Profiting from Durbin Amendment  April 24, 2012 A recent study claiming U.S. gas stations are saving $1 billion per year after implementation of the Durbin Amendment limiting debit interchange shows “an immense ignorance of the fuels market,”
  • NorseCorp Launches Payment Gateway - April 24, 2012
    In addition to handling most types of transactions, NorseCorp says its nGate payment gateway includes integration with popular accounting software QuickBooks, master and sub-accounts that can support retail and online operations and PCI-compliant information storage
  • Systems East Launches Mobile Payments via QR Code - April 24, 2012
    Systems East Inc., a Cortland, N.Y.-based provider of e-commerce payment solutions, has added mobile payments based on QR (quick response) codes. The company says the codes, which can be added to any Website, email, print or television communication, enable consumers to make payments via the Xpress-pay Mobile solution.
  • Report: Mobile Payments Fastest Growing Segment of Online Transactions - April 19, 2012
    Mobile payments have grown 852 percent in the past two years and now account for six percent of all online transactions, according to a new report from anti-fraud technology provider Kount. In Fraud Insight: Mobile Transactions and Fraud, Kount found that knowing the specific mobile device used in a transaction can shed light on the risk involved in that transaction.
  • Dwolla Reveals Celebrity Investor - April 19, 2012
    Dwolla Reveals Celebrity Investor  April 19, 2012 Des Moines, Iowa based startup payment network Dwolla, which secured $5 million in Series B funding in February, revealed recently that actor Ashton Kutcher participated in the round as an investor and will
  • E-Signature Fights Friendly Fraud for Magento Merchants - April 19, 2012
    SignatureLink, Inc., which enables the capture of real-time electronic signatures over the Internet for applications like online point of sale transactions, mobile devices, and remote authorizations, has partnered with e-commerce solutions provider Magento. Under the agreement SignatureLink will integrate its CNPS online signature pad within Magento's e-commerce platform.
  • EC to Investigate U.K. Mobile Payments JV - April 17, 2012
    The European Commission has opened an in-depth investigation into the proposed joint venture between U.K. carriers Telefónica, Vodafone and Everything Everywhere with plans to develop a mobile wallet. A preliminary investigation found that the JV raised potential competitive concerns in the European mobile payments market.
  • Internet Payments via ACH Grow 9.5% in 2011 - April 17, 2012
    Direct ACH debit payments made when authorization is given via the Internet or a mobile device grew 9.5 percent in 2011, accounting for nearly 17 percent of total ACH network payments, according to NACHA, the organization that manages the ACH payment network. NACHA estimates that 80 percent of these transactions are to pay bills via companies' or billing services' Websites.
  • Merchant Link to Introduce CNP Data Security Solution - April 17, 2012
    The Silver Springs, Md.-based company says it will offer a hosted solution that will enable a secure process to route sensitive cardholder data directly from the checkout page to the Merchant Link gateway and an encrypted solution that will encrypt sensitive data at the moment of capture and prevent such data from being available to the e-commerce application or merchant.
  • Marcus Named PayPal President - April 2, 2012
    eBay CEO John Donohoe revealed late last week that the company has chosen David Marcus to lead its PayPal unit. Marcus replaces Scott Thompson, who left PayPal in January to become CEO of Yahoo Inc. Marcus joined PayPal as vice president of mobile when eBay acquired Zong last summer.

Search our NEWS Section here:
 
Advertisement

 

The CNP Report - Sign Up Today Free
Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email: