Security concerns continue to hamper UK m-payments take-up

Only 17% of Brits want to use their mobile phones as wallets, with security concerns the chief reason for reticence, according to a survey from Intersperience.
http://www.finextra.com/news/fullstory.aspx?newsitemid=23062

Citi launches Facebook top-up app for mobile operators

Citi has unveiled an application that lets mobile network operators accept top-up payments from customers through Facebook.
http://www.finextra.com/news/fullstory.aspx?newsitemid=23066

Mobile Wallet Security a Major Concern for U.K. Consumers

Consumers in the United Kingdom are concerned about security when considering using mobile-wallet payment systems, according to new research Intersperience Research Ltd. released Oct. 14.
http://www.americanbanker.com/issues/176_202/mobile-payments-consumers-wallet-research-united-kingdom-1043245-1.html

New Jersey Transit partners with Google for mobile payment options

New Jersey transit is going to go just a bit more smoothly thanks to a partnership between Google and the New Jersey Transit.
http://www.inquisitr.com/152053/new-jersey-transit-partners-with-google-for-mobile-payment-options/

Research and Markets: Tesco Bank and Virgin Money: Can Banking without the Banks Work?

Banking without the Banks, written by marketing expert Professor Steve Worthington and industry consultant Peter Welch, examines the prospects for non-banks such as Virgin Money and Tesco Bank in the wake of the financial crisis that has damaged the reputation of the traditional' banks. The report sets out specific challenges that the likes of Virgin and Tesco face in building full-service banks.
http://pymnts.com/research-and-markets-tesco-bank-and-virgin-money-can-banking-without-the-banks-work-20111017005702/

Mobile Commerce Forum Report: The mobile opportunity is in the numbers

There are strong arguments for retailers to invest in mobile commerce, even if traffic from mobile devices represents only a small portion of web traffic today, two presenters said this morning at Internet Retailer’s Mobile Commerce Forum in Houston.

http://www.internetretailer.com/2011/10/11/mcf-report-mobile-opportunity-numbers

What if mobile payments became a free service?

Going through different initiatives throughout the mobile payments around the world, I came across a question of “What if the mobile payments services became a free service” similar to the current card schemes of Visa / MasterCard. Or at least to bring the service charges into a reasonable numbers rather the extravagant charges imposed on the low income segment. Knowing that mobile payments was initially started in Africa where in some places the daily income is less than 1 USD, and the average ticket size is already low, the mobile operators and financial institutions should consider revising their service charges to make the model more viable to low income people. Although that might look as a theoretical approach, yet the impact might be significant and noticeable in adoption. The service charges can then be obtained from other sources, or simply by driving volumes up to become commercially viable.