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Thursday, September 29, 2011

WorldPay partners with MoBank for mobile payment service

Payment processing provider WorldPay has announced a partnership with UK-based m-commerce platform provider The MoBank Group. The deal will make it easier for WorldPay customers to take advantage of mobile commerce as they’ll all have access to MoBank’s MoPowered secure mobile commerce system.

MoPowered offers retailers the combination of a mobile application and a mobile-optimised website. The system is fully compatible with online security schemes such as ‘Verified By Visa’ and MasterCard SecureCode.

Dominic Keen, co-founder and CEO of The MoBank Group, said “We are delighted to partner with WorldPay to help all their merchants build revenues by processing secure transactions though the mobile channel. Mobile commerce is an essential part of multi-channel retail. The market has grown by 25% in the past six months and Gartner Research has predicted that it could account for up to 12.5% of e-commerce transactions by 2013. Optimising websites and creating native applications for smartphones is already a necessity for merchants as 20 million people connected to the web from their mobile phone in the UK in the last year.”

Recent research conducted by WorldPay found that nearly a quarter of consumers used their mobile for shopping, with this figure reaching 50% among iPhone users.

We spoke to Steve Townend, co-founder of MoBank, in August 2009 and again in November 2010. You can listen to the full interviews on our website, via iTunes or by downloading the MP3 files.
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Opinion Articles

Two reasons Microsoft will buy Nokia

James Rosewell writes:

Microsoft have been talking about Mango, the upcoming upgrade to Windows Phone 7 incorporating their battery-friendly flavour of multi-tasking and 499 other new features. They've also welcomed Fujitsu, Acer and ZTE to the Windows Phone fold. However there was no significant news from Nokia and Microsoft. No timeframe for handsets, nothing in fact. Both companies are being tight lipped about the partnership at the moment.

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It's not a mobile wallet. It's just a phone.

Mark Bridge writes:

Don't get me wrong. I'm excited about the idea of mobile payments. But I think the Quick Tap launch and all this talk of a 'mobile wallet' is a little overhyped. And here are the three main reasons why.

Author: The Fonecast
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This week at The Fonecast: 21st May 2011

Mark Bridge writes:

Mobile payments. Mobile payments. Mobile payments. That's what everyone seems to be talking about. They were on the agenda last week and they're back again.

Author: The Fonecast
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How I built my own mobile wallet

Mark Bridge writes:

Orange Quick Tap is official. You can buy a Samsung Tocco Lite-a-like, add the details of a participating card provider and Bob's your uncle.

Except I've already got a phone. And a credit card that's not from Barclays. So what can I do?

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Apocalypse Nokia

Mark Bridge writes:

The phenomenon of 'apocalypse sex' is often seen in movies, comedy shows and advertisements. The end of the world's just around the corner so… hey… what the heck?

I reckon it shares the same emotional basis as being 'demob happy' or having that 'end of term feeling' at school.

And that feeling seems to be in plentiful supply at Nokia HQ in Espoo.

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