PaymentsSource

Emerging Payments

• Visa Execs: Mobile Payments And Global Markets To Drive Future Growth

  PaymentsSource | March 11

  Visa Inc. is looking outside the U.S. for growth and hopes to derive more than half of its revenues from international markets within the next five years, executives from the card company today told investors gathered in San Francisco for its annual Investor Day presentation. [FREE]

• Tio Networks Launches Mobile Bill-Payment Service

  PaymentsSource | March 11

  Tio Networks, which today announced the planned launch of a mobile bill-payment platform, estimates it will generate 20% of its revenue from the service by 2011, according to the Burnaby, British Columbia-based expedited bill-payment processor. [FREE]

• Target Offering Coupons Via Phone

  American Banker | March 11

  Target Corp. has begun delivering coupons to customers' mobile phones. [FREE]

• China Mobile Buys 20% Bank Stake To Develop Mobile-Payment System

  PaymentsSource | March 11

  China Mobile plans to purchase a 20% stake in Shanghai Pudong Development Bank for 39.8 billion yuan (US$5.7 billion or 4.2 billion euros) as part of its plans to develop a mobile-payment system in the country, China Mobile announced on March 10. [FREE]

• Mobile Terminal Piques Merchant Interest, ISO Says

  ISO & Agent Weekly | March 11

  As one of the first resellers of VeriFone Holdings Inc.’s PayWare Mobile service, Merchant 360 Inc. says some mobile merchants like that the service includes a card reader that enables them to get card-present transaction rates. [FREE]

• India Citibank-MasterCard NFC Pilot Yields A Few Clues On Mobile Coupons

  PaymentsSource | March 11

  One of the world’s largest trials of Near Field Communication payments, which Citigroup Inc. and MasterCard Worldwide launched last year in India, provided a glimpse into the challenges of incorporating merchant-sponsored product discounts and coupons within mobile payments. [FREE]