WSJ Reports ISIS Launch Date is October 22, 2012

Wall Street Journal reports ISIS Launch Date will be October 22, 2012

A rumor that has been circulating for several days appears to have been confirmed: the Isis mobile wallet will launch in its two test cities (Austin and Salt Lake City) on Monday October 22, 2012. The rumor received some credibility when the Wall Street Journal reported it today. Also, the twitter account @paywithisis, which is unverified but appears to be legitimate, tweeted this today, “It’s official: We’re launching in Austin and SLC on Oct. 22”

It is important to note that the Isis web site has no press releases regarding an October 22 launch date as of today.

The WSJ article reports the following: Continue reading

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Five Reasons iPhone-5 Excludes NFC

Tim Cook Introduces the iPhone 5 on September 12, 2012

Based on Apple’s press conference on September 12, their strategy can be described as: change customer behavior now, encourage an upgrade later.

The Apple wallet going to be called “Passbook.” It works without an NFC chip, relying instead on geolocation to determine if an iPhone user is in the proximity of a compatible terminal. Geolocation is clearly not permanent solution because it includes obvious problems, such as: unwanted notifications (if you ever want to be notified that you can use your Starbucks card, for example, you’ll be notified whenever you can possibly use your Starbucks card, whether you want to or not), and imperfect functionality indoors (when you are in a shopping mall, GPS has a hard time figuring out exactly where you are).

So if geolocation is not the ideal permanent solution, why did Apple exclude NFC from the iPhone 5? Continue reading

PayPal Introduces ‘Bypass’ Model to Retail Payments

2011 Mobile Money ForumTwenty-five years ago, telecommunications was facing their biggest threat since deregulation, and most executives did not take the threat seriously. Ten years later, it had decimated international telecom revenue models and profitability. Today, it is the reason that most phone calls cost close to nothing. It’s called “Bypass,” and it has just appeared in the payment card industry. If you are a payment industry executive (or investor), don’t make the same mistake as your telecom colleagues by ignoring this trend.

BYPASS BEGINS IN PAYMENTS

PayPal’s announcement on May 25 received significant Continue reading

Contactless EMV – What is the Value to Retailers?

VeriFone can process EMV transactions using NFC through Vantiv.

Retailers often ask, “What new POS equipment should I buy?” My answer has been the same for almost 4 years: “Nothing, yet.” My logic is this: The upcoming liability shift occurs in October 2015 for merchants that have not deployed EMV. So, any retailer that wants to accept Visa, MasterCard and/or Discover after October 2015 needs to buy and deploy EMV equipment before then, if they have not already.

But EMV is predominately a contact sport -meaning that two computers need to plug into each other physically for it to function, which is why a contact EMV card needs to be inserted (or “dipped”) into the physical slot in the terminal until the transaction is over.

So, how do you ‘dip’ a Smartphone into a slot? There are two ways:

Continue reading

Bold Statement from Payment Industry Leader

Verifone's Opinion about NFC

When VeriFone speaks, they often reveal the next advances in Mobile Commerce. They spoke clearly at the GSMA conference earlier this month regarding both Near Field Communications (NFC) and Mobile Network Operators (MNOs).

In October of 2010 when VeriFone announced that for the first time their systems could circumvent the established payments industry, it received little fanfare because there was no adoption and no clear path to mass appeal. Today, every Home Depot in the United States accepts PayPal as a form of payment, and that is only the beginning. Next, in 2011 VeriFone announced its services would expand to include loyalty and social media components, and again the popular reception was, “yeah, that will be great someday.” But today, behemoth Google considers VeriFone a key strategic partner. This month, when VeriFone clarified its position on NFC and opened the doors for MNOs, it is likely reveals the next industry steps once again. They said:

Continue reading

New Record: 18 Mobile Commerce Events Planned for March

The month of March, 2012, will break the record for mobile commerce and mobile payments events in a single month with 18 total events currently scheduled. The previous record was February, 2012 with 15 events. This is one of the many indications that the Mobile Commerce / Mobile Payments industries are gaining momentum. Continue reading

New Calendar of Events – Mobile Commerce

Click this image to access the calendar

Here is a free resource from The Luciano Group.

Have you ever wondered which mobile commerce events were happening this month? Ever get frustrated trying to weed out the mobile commerce events from the events lists of other industries like payments, telecommunications, and banking?

The resource you need is here: www.lucianogp.com/mc-events

This calendar is moderated by Continue reading