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: 11028

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

This week at The Fonecast: 5th March 2011

Mark Bridge writes:

It's hardly worth mentioning the new iPad, is it?  Not because I'm unimpressed – although I'd describe it as more of an upgrade than a brand-new product – but because everyone else has been talking about it so much. And we'll be doing some more talking in Wednesday's podcast, so let’s move on...

Author: The Fonecast
0 Comments
Article rating: No rating

There's nowhere to go with tablet innovation - even Apple seems to agree

Mark Bridge writes:

"Harder, better, faster, stronger". Okay, so it's a lyric from Daft Punk (or Kanye West, if you prefer) but it might as well be the vague design brief for second-generation tablets.

Author: The Fonecast
0 Comments
Article rating: No rating

Cell phones cause increased brain activity

Vidushi Sinha of voanews.com writes:

A new study finds that an hour-long cell phone call causes a spike in biochemical activity in the user's brain. The researchers can't say whether that's a good thing or a bad thing, but the finding has renewed the debate over cell phone safety and raised calls for more health studies.

Author: The Fonecast
0 Comments
Article rating: No rating

SK Telecom: m-health, mobile telematics, HD video calls and much more

Mark Bridge writes:

When I arrived at Mobile World Congress earlier this month, I said I wanted to see a bit of everything. Ground-breaking devices, advanced technology, network innovation... and some original applications as well. What I didn't realise was that I could find all of those in one place, on the SK Telecom stand.

Author: The Fonecast
0 Comments
Article rating: No rating

This week at The Fonecast: 26th February 2011

Mark Bridge writes:

For many people, the week after Mobile World Congress has a flat, post-Christmas, post-holiday feeling.

But not here at The Fonecast. We’ve produced two extra podcasts this week – themed around mobile audio and mobile usability – and there are more interviews from MWC lined up for next week.

Author: The Fonecast
0 Comments
Article rating: No rating
RSS
First7980818284868788Last

Recent Podcasts

Reviewing our 2015 mobile industry predictions... and looking forward to 2016

Podcast - 15th January 2016

Iain Graham, James Rosewell and Mark Bridge return to review their mobile industry predictions from last year. Which mergers, partnerships and developments did they forecast correctly... and which didn’t work out as planned?

Later in the programme, the team anticipates some of the topics that will be hitting the headlines during 2016.

Author: The Fonecast
0 Comments
Article rating: No rating

Podcast from Mobile World Congress 2015

Podcast - 6th March 2015

Mark Bridge learns about the mobile technology trends at Mobile World Congress 2015 by chatting to James Rosewell of 51Degrees, Dr Kevin Curran from the IEEE and Chris Millington of Doro.

They talk about wearable devices, wireless charging, mobile operating systems and much more... including some of their favourite products from the exhibition.

Author: The Fonecast
0 Comments
Article rating: No rating

Looking back at February: from security scares to multiple MVNOs

Podcast - 27th February 2015

We're taking a look back at the biggest mobile industry news stories from February 2015, including allegations that the UK's security service tried to breach SIM card security by hacking into one of the world's biggest SIM producers.

We also talk about the planned BT and EE merger, the creation of two new UK virtual networks, some acquisitions in the mobile payment arena and a new Ubuntu smartphone.

Author: The Fonecast
0 Comments
Article rating: No rating

Interview with Chris Millington of Doro about mobile retailing, wearables and technology for older consumers

Podcast - 24th February 2015

In today's programme Mark Bridge talks to Chris Millington, who's Managing Director for Doro UK and Ireland.

They discuss the state of mobile retailing in the UK, the future of wearable devices and - as you might expect - smartphones for seniors.

Author: The Fonecast
0 Comments
Article rating: No rating

A month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

Podcast - 30th January 2015

We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

Author: The Fonecast
0 Comments
Article rating: No rating
RSS
12345678910Last

Follow thefonecast.com

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

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement