The Mobile Wallet Report, 11 October 2013

The Mobile Wallet Report, 11 October 2013Amazon pushes into payments, PayPal details the technology it will be using to enable customers to make payments at Discover merchants, and Loop unveils a mobile payment solution that works with standard magnetic stripe terminals and uses NFC technology to secure users’ card data.

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  • Amazon pushes into payments: The online retailing giant is to let its 215m active customers use their stored shipping and billing information to make payments at third party merchants across the web.
  • PayPal details the technology it will be using to enable customers to make payments at Discover merchants — and indicates the new Payment Codes are to be integrated with the company’s new Bluetooth LE-based Beacon technology.
  • Startup Loop unveils a mobile payment solution that works with standard magnetic stripe terminals — and uses NFC technology to secure users’ card data.
  • PLUS: American Express targets the unbanked with free Serve deposits and withdrawals, Ripple Labs offers instant funds transfers “at virtually no cost”, Cellum unveils Motion QR technology, CardLinx to create card-linked offers standard, Fastacash raises $3m for social payments platform, and more…

Organisations mentioned include Affinity Solutions, Airtel, Amazon, American Express, Bank of America, Bitcoin, Capital One, CardLinx Association, Cardlytics, CardSpring, Cellum, CheckAlt, City National Bank, CU Wallet, Deem, Digimarc, Discover, Doku, DoubleBeam, Ecobank Transnational, Facebook, Fastacash, First Data, FIS, Fiserv, Front Flip, Google, InComm, Inside Secure, LearnVest, Linkable Networks, LivingSocial, Loop, MasterCard, mBlox, McDonald’s, Microsoft, Monitise, Nellymoser, Paydiant, PayPal, PushPoint, Ripple Labs, Safaricom, SmartMetric, SnapSwap, Square, Top Image Systems, Unistream, US Bank, VFX Financial, Walmart, Wired and ZipZap.

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This item is part of the Mobile Payments Knowledge Centre.