Mobile phones have changed banking faster in emerging markets than in developed countries, so they may provide an indication of where hot tech like the Google Wallet might go if it ever catches up with South Africa, Kenya or Bangladesh….
“Facebook developers can now reward consumers who complete advertisers’ offers with app-specific virtual currency as an alternative to Facebook Credits. Consumers can perform actions such as registering for a Flixster account or getting approved for a Discover credit card in exchange for in-app currency.”
“In response to the European Commission’s Green Paper on electronic payments, published today, Mastercard is the first major payment company to officially lend support to the campaign.The goal of the paper is to expand electronic payments to help European businesses grow, and consumers to shop easily and safely online, instore and via their mobile devices.”
Larger banks may feel threatened by the string of new, aggressively priced prepaid cards, but a group of credit unions is attempting to instead embrace this trend by modifying their ATMs to sell fee-free stored-value cards….
Spanish bank BBVA tells the BBC it is switching its 110,000 staff to use Google’s cloud-computing software in the largest deal of its kind.
American Express is using scanning technology to enable merchant rewards programs to be delivered on the fly to handsets.
If you need one example that epitomizes the massive potential in mobile payments, you need only look at PayPal.The online payment company racked up nearly $4 billion worth of mobile payments la……