The banking sector has traditionally been one of the more lucrative sectors for the information technology industry. India's IT giants have been catering to the technological needs of many of the world's top banks, and the same trend will be seen in the Indian...
Financial services company Societe Generale is using a mobile banking solution from Obopay to offer banking services in Senegal. The technology-agnostic solution between Societe Generale, one of the top bankers in the world, marks the fourth country where Obopay offers an m-banking solution. Obopay...
Editor's Note: Welcome to our weekly feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry.Over the past few years, mobile payment solutions have experienced strong adoption in emerging markets...
San Francisco's Paymo launched a mobile-payment service in 39 markets around the world, joining an ever-increasing number of startups looking to deliver a mobile wallet.Paymo is targeting digital transactions and micropayments - roughly defined as transactions of $10 or less - with a platform...
There's a very long list of companies with billing platforms that leave carriers out of the revenue stream. But even as operators grudgingly open up their networks, nobody seems to be making a lot of progress. Billing Revolution is the latest player to join...
SAN FRANCISCO -- There is no shortage of challenges in getting m-commerce off the ground in the United States. But maybe the most important factor is time.That was the takeaway from yesterday's afternoon session on all facets of mobile commerce, from contactless payments to...
Regional wireless provider Cellular South said it is teaming with fellow Mississippian BancorpSouth Inc. to expand its m-banking offerings.The Web-based application allows BancorpSouth customers to view account balances and history, transfer funds and pay bills from a Cellular South phone. The service is powered...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Invensense: Sierra Ventures led a $19 million round of funding into Invensense Inc., a Sunnyvale, Calif.-based provider of motion...
E-commerce giant First Data is teaming with mobile application developer mFoundry to offer mobile banking and payment services to wireless users.The effort will couple mFoundry's technology with First Data's network of more than 5,000 financial institutions to allow subscribers to manage their accounts and...
Mobile payment startup Obopay padded its bank account, hauling in $29 million in a third round of funding.Richmond Management L.L.C. affiliate Richmond Global Cellular led the round and existing investors Qualcomm Inc., Redpoint Ventures and others participated. Obopay also added new backers including AllianceBernstein...
Mobile payment startup Obopay Inc. announced a distribution deal that secures space on the deck of Verizon Wireless, the nation's No. 2 carrier.The Redwood City, Calif.-based payment company unveiled a BREW-enabled version of its flagship application that allows users to send and receive money...
Financial institutions are rushing to deploy mobile banking services consumers don't appear to want, according to new figures from JupiterResearch.The market research firm found that just 8 percent of online consumers who own a mobile phone are interested in browsing on the device to...
Cyphermint Inc. announced a deal to provide mobile payment services for Texas-based financial services provider Fidelity Express.The Marlborough, Mass.-based startup said registered Fidelity Express customers will be able to initiate payments from their cellphones or schedule mobile alerts allowing them to process payments with...
DanielsDavid Parker has been promoted to managing director at Daniels & Associates. Parker is a member of the firm's Telecommunications Group and is responsible for advising communications service providers and telecom infrastructure companies on mergers & acquisitions and corporate financing. He has been with...
Obopay Inc. continued to gain ground in the mobile payment space, inking an impressive deal for a pilot program to allow Citi customers to send and receive money from their phones.The Redwood City, Calif.-based startup said Citi users will be able to track and...
Mobile payment startup Obopay Inc. announced an impressive win, inking a deal for a pilot program to allow Citi customers to send and receive money from wireless phones.The Redwood City, Calif.-based developer said Citi users will be able to remotely track and manage their...
Mobile payment company Obopay announced it bought BillMonk, a company that provides "social money" services. Terms of the deal were not disclosed.The companies said social money includes transactions that encompass shared consumer experiences, such as splitting a check at dinner, sharing travel expenses or...
Following the launch of the service on Amp'd Mobile Inc., mobile payment company Obopay announced it scored a second deal that will see MVNO Helio offering Obopay to its subscribers."We are delighted to be a part of such an exciting, cutting-edge mobile service provider...
It may seem like you've been hearing about the concept of a "wireless wallet" for decades, but in North America, at least, m-commerce is very much in its infancy. Mobile money seems to be getting legs in Japan, where credit-card companies have teamed with...
MARLBOROUGH, Mass.—Another company joined the mobile payment playground as Cyphermint Inc. unveiled an Internet-based system for completing transactions using a cell phone. The firm launched PayCash Mobile, a cross-platform offering that allows users to manage stand-alone accounts from a mobile phone, computer or specially...
Yet another wireless startup is diving head-first into the mobile payment waters this week, as Secure Wireless Transfers Corp. plans to team with the Association of Surfing Professionals for its coming-out party. The Orange County, Calif.-based company will introduce "KushCash," a system allowing consumers...
Obopay inked its first carrier agreement last week, announcing a deal to provide wireless payment services for mobile virtual network operator Amp'd Mobile Inc. But most operators aren't exactly embracing such services with open arms.The startup allows users to set up stand-alone accounts that...
REDWOOD CITY, Calif.—Obopay inked its first carrier agreement, announcing a deal to provide mobile payment services for mobile virtual network operator Amp’d Mobile Inc. Obopay allows users to set up stand-alone accounts that can be used to send and receive money between users or...
LAS VEGAS-PayPal Inc. officially went mobile, launching a service that allows users to make purchases and send or receive funds via wireless phones. Wireless subscribers can use the offering-which the company quietly began testing several weeks ago-to send money to other registered PayPal members...
