Nokia Siemens Networks Partners with MoreMagic on NFC
Nokia Siemens Networks today announced a new partnership with MoreMagic Solutions that will offer network operators mobile commerce and and financial services. The new system, called Mobile Payment Solution, can be used to conduct financial transactions such as money transfers, mobile banking and NFC (near-field communications) payments. Mobile Payment Solutions ties together offerings from banks with mobile network operators and handset vendors.
Google Launching Android Pay Today
Google said it is making Android Pay, its reborn mobile payment service, available to Android handsets beginning today. The app will be pushed to small batches of users over the next week, according to Google.
Nokia Forms Alliance to Standardize Mobile Transit Tickets
Nokia's HERE Maps division and other companies today announced the Open Mobile Ticketing Alliance, a new organization they hope will create a single, global standard for NFC-based mobile transit tickets. The goal of the OMTA is to develop a "register once, travel anywhere" system that's interoperable with payment vendors and transit operators around the world.
Nokia Networks to Acquire Eden Rock
Nokia Networks today announced its intent to acquire Eden Rock Communications for an undisclosed sum. Eden Rock pioneered self-organizing networks (SON) technology for mobile broadband operators.
Zelle Promises Quick P2P Payments Via Mobile Banking Apps
Many of today's popular mobile banking apps will soon support a rapid person-to-person (P2P) payment feature through a new service called Zelle. Zelle, developed by Early Warning Systems, is supported by more than 30 of the nation's largest banks for sending funds from one person to another.
Samsung Pay to Be Accepted At 30 Million Locations
Samsung today announced Samsung Pay, a mobile payment service that it claims will be readily available at tens of millions of retail locations around the world. The service can use either NFC or MST (magnetic secure transmission), technology it recently acquired via its purchase of LoopPay.