Commission To Scrutinize UK Mobile Commerce Venture
A European mobile wallet venture led by telecommunications operators has
run into a setback.
It's called "Project Oscar" in Europe, but unlike the Isis telco-led
mobile wallet partnership in the U.S., the overseas telco joint venture
for creating a mobile wallet and a general clearinghouse for mobile
payments must gain European regulators' approval in order to move
European Commission on April 16 announced plans to conduct an in-depth
investigation of the joint project proposed last June by Telefónica
UK, Everything Everywhere Ltd. (T-Mobile and Orange parent), and
Anticipate Merchant Ire From New Fee
The reality of Visa Inc.'s new Fixed Acquirer Network Fee will begin to
sink in with merchants when their next monthly statements arrive, and
most will not greet the new levy warmly, observers warn.
"Merchants are struggling to cut corners, and here we are with another
fee," laments Ray Kenney, director of ISO partnerships at Cherry Hill,
The fee, which took effect April 1, may push some merchants to the
"tipping point" of deciding to stop accepting Visa cards and seek other
means of payment, Rod Katzfey, chief operating officer of Payleap LLC, a
Warsaw, Ind.-based payments gateway, speculates.
May Benefit From Europe's Fraud-Blocking Progress
When the U.S. broadly adopts chip-enabled payment cards, it is less
likely a drastic increase in card-not-present fraud will occur like the
spike Europe experienced after its conversion to the EMV card standard,
an analyst tells PaymentsSource.
Certain regions of Europe, including the United Kingdom, saw a sharp
increase in card-not-present fraud several years ago when EMV mandates
forced issuers and merchants to adopt chip-and-PIN technology for
Brings Mobile Payment App To Food-Truck Vendors
PayDragon wants to simplify some of the hassles of collecting payments
for time-pressed food-truck vendors and other small merchants.
The Los Angeles-based firm, a unit of mobile marketer Paperlinks, touts
a speedy technology enabling consumers to securely order and pay for
food with credit and debit cards via email, eliminating steps for
Expansion Erases Limitation In Orange Mobile Pay Plan
When French mobile-network provider Orange hooked up with Barclaycard to
offer Quick Tap mobile payment technology in the United Kingdom last
spring, it had only one downside — a lack of handsets capable of
using the new technology.
Orange's deal with Barclaycard through Orange parent Everything
Everywhere Ltd. initially provided the mobile payment option only
through Samsung Group handsets.
Offers 'Pay in Your Currency' Service in Philippines
Citi Philippines, a unit of Citigroup Inc., is working with Planet
Payment to provide the currency processor's services to Citi's merchant
clients in the Philippines.
Citi is offering Planet Payment's Pay in Your Currency Service, which
allows travelers to pay in their home currency at the point of sale. The
receipt displays the sale amount in Philippine Pesos and the customer's
home currency. The receipt also lists other details, such as the
Vigilantes Strike Seattle Credit Union
An angry ATM customer who has been suing banks across the country the
past three years over fee disclosures has struck again, filing suit
April 12 against Seattle's Bellingham's North Coast Credit Union for
allegedly failing to post on the outside of the machine fees charged to
The ATM customer, a New Yorker named Don Anderson, thus so far sued 32
credit unions and banks in Arkansas, Texas, Louisiana, New Mexico,
Oklahoma and Nevada over the disclosure provisions of the Electronic
Funds Transfer Act, but last week's suit is the first West Coast
Payment Volume Rose 4% Last Year, NACHA Says
In 2011, automated clearinghouse payment volume totaled more than 20.2
billion transactions, up 4.4% from a year earlier, NACHA reported April
NACHA attributed the increase to additional native electronic payments,
more online payments by consumers and a rise in the use of the ACH
network for vendor payments and business-to-business transactions.