Latest Podcast



Featured Articles

Thursday, February 23, 2012

New BOKU hybrid account offers mobile NFC and conventional debit card payments

In the last few days we’ve had mobile payment news from Barclays and the Payments Council. Today comes the launch of a product from BOKU that involves a MasterCard debit card and a mobile phone.

BOKU is best known for its work with online merchants and mobile operators, enabling customers to make purchases that are charged to their mobile phone account. It’s now launching a new global mobile payments system that allows shoppers to use their mobile phone as a wallet.

The new BOKU Accounts payments system will be available to mobile network operators. Customers of participating operators will be given an online account, a mobile app, a MasterCard debit card and an NFC sticker that acts as a duplicate debit card. They’ll be encouraged to attach the sticker to their phone, turning any device into a ‘mobile wallet’.

Topping up the online account will add funds to the MasterCard debit card, enabling the conventional card or NFC sticker to be used at retailers. Customers will also be able to transfer money to other BOKU account holders.

The BOKU system will be demonstrated next Monday and Tuesday at Mobile World Congress in Barcelona. It’s expected to be available in the UK after Easter.

Payment service provider WorldPay was recently announced as the latest organisation to select BOKU as its mobile payments partner, which means WorldPay’s merchants can now enable their customers to pay for purchases via their mobile bill.

Print
Author: The Fonecast
1 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 11674

Tags: uk nfc payments mastercard worldpay boku

1 comments on article "New BOKU hybrid account offers mobile NFC and conventional debit card payments"

1
0
Avatar image

Jay G

3/3/2012 9:06 AM

BOKU's new mobile wallet (www.boku.com) can accommodate only a prepaid card, which makes it not nearly as appealing to consumers as Google Wallet, but BOKU's most valuable customers are its retailers. And BOKU's proposition to merchants is truly irresistible. Participating merchants are given access to the payment information stored in the virtual wallets of BOKU's users and can use it to send targeted offers to them. And considering the huge size of BOKU's user base, that is a very attractive prospect indeed. For a closer analysis: blog.unibulmerchantservices.com/challenging-google-wallet-boku-makes-the-nfc-field-even-more-crowded.

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Opinion Articles

How AI technology is transforming the smartphone experience

How AI technology is transforming the smartphone experience

From improved performance to personalized recommendations, AI is enhancing the functionality and usability of smartphones for users

By incorporating advanced algorithms and machine learning capabilities, AI can help to optimize a smartphone's performance, providing users with a faster, more efficient and user-friendly experience.
Author: The Fonecast
0 Comments
Article rating: No rating
Whatever happened to all my tech?

Whatever happened to all my tech?

Mark Bridge revisits his mobile technology reviews

Mark Bridge writes:

I've been taking a look back at the devices I've written about during the past few years. Some are still faithful companions, others... well, let's just say my faith was misplaced.
Author: The Fonecast
0 Comments
Article rating: No rating

Predictions for 2016: Network Function Virtualisation, 4G throttling and video calling

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Author: The Fonecast
0 Comments
Article rating: No rating
Kapture review: the audio-recording wristband

Kapture review: the audio-recording wristband

A 'recording watch' that links to your smartphone

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

Author: The Fonecast
4 Comments
Article rating: 4.0
Making mobile websites work better

Making mobile websites work better

Device detection and responsive design explained

Mark Bridge writes:

James Rosewell shows me a colourful roll of paper that's the width of an iPhone but well over three metres long. When I look closer, I can see it's a printed copy of the Wall Street Journal's mobile website. That's a lot of scrolling to do... and a pretty unfriendly user experience for anyone reading the news online. Why does it work so badly?

Author: The Fonecast
1 Comments
Article rating: 4.0
RSS
1345678910Last

Recent Podcasts

Bring Your Own Device: A Faustian Pact? (part 1)

Podcast - 18th April 2013

This programme was recorded at the April 2013 meeting of Mobile Monday London, where a panel of experts discussed the topic 'BYOD: A Faustian Pact?'

The panel was chaired by David Rogers of Copper Horse Security. His panellists were Caroline Maloney from Telefonica, Charles Brookson of Azenby, David Arnold from BlackBerry and Gemma Coles from Mubaloo.

Author: The Fonecast
0 Comments
Article rating: No rating

App investigations, call charge changes, malware, mobile ads and more

Podcast - 17th April 2013

In our 30-minute podcast this week we're talking about the OFT's app investigation, Ofcom's plans for premium rate calls and the growth of Android malware.

We also discuss Microsoft's complaint about Google, an increase in mobile advertising and 'hacking' aircraft navigation using a smartphone.

Author: The Fonecast
0 Comments
Article rating: No rating

Facebook goes home, BBM Music goes silent and HTC profits go down

Podcast - 10th April 2013

We start this week's podcast by talking about Facebook Home, the new Android-based service from the social network.

We then move on to discuss quarterly figures, a departure at HP, a mobile acquisition for Cisco, some WiFi research, the end of BBM Music... and much more.

Author: The Fonecast
0 Comments
Article rating: No rating

Ofcom complaints, BlackBerry results, 4G rollout and maybe a Facebook phone

Podcast - 3rd April 2013

In this week's podcast news report we're talking about quarterly results from BlackBerry and Three UK, we're discussing the latest network complaints data from Ofcom and we're contemplating the arrival of a new Facebook phone.

There's also time to discuss EE's UK 4G rollout, a dramatic move from T-Mobile USA and a train ticket app from O2.

Author: The Fonecast
0 Comments
Article rating: No rating

Where next for mobile music?

Podcast - 2nd April 2013

Music is a fundamental part of our lives, yet the vinyl record and the CD are increasingly formats of the past. The rise of digital music has been exponential and mobile is firmly part of that picture.

So where is this all going... and how on earth do you make any money from it?

Author: The Fonecast
0 Comments
Article rating: No rating
RSS
First1920212224262728Last

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«December 2024»
MonTueWedThuFriSatSun
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345

Archive

Terms Of Use | Privacy Statement