Tag: mobile payments partnership

HP teams with Accumulate for mobile payments

| November 26, 2013

HP looks to bolster mobile presence

Hewlett-Packard has announced that it will be bolstering its presence in the mobile payments field. The announcement comes on the heels of the success of a recent payment venture from PKO Bank Polski in Poland. HP has taken note of the bank’s successful mobile initiative and its use of the IKO mobile payments application. In order to improve its standing in the mobile sector, HP will be partnering with Accumulate, a company that specializes in mobile security solutions and commerce.

HP has high hopes for the mobile sector

HP is no stranger to the mobile payments sector. The company already offers a number of security solutions that have helped make mobile transactions safer in the Americas, Europe, and Asia. HP has seen a growing demand for comprehensive mobile payments services, however, and is eager to meet this demand with its own offering. As such, the company will be working with Accumulate in order to help satisfy consumer demand.

Mobile payments firm may be an asset to HP

Mobile Payments Partnership - HP and AccumulateTeaming with Accumulate will give HP access to a wide range of consumers around the world. Accumulate boasts of some 100 million users worldwide, with a prominent presence among financial service firms. The mobile commerce firm has teamed with several banks in order to make new forms of commerce more available to mobile consumers. Accumulate’s experience is likely to provide HP with healthy momentum as it works to expand into the mobile sector.

Secure solutions could be a big hit with consumers

HP will not only be looking to engage consumers with its commerce initiative, of course, as many businesses have come to rely on the services that HP offers. Accumulate and HP aim to offer businesses better mobile payments services that are secure and reliable. Improved security alone is expected to help businesses appeal more effectively to consumers that have been showing interest in making mobile payments.

Mobile payments service to launch in Italy

| November 15, 2013

Visa Europe and Telecom Italia partner for new mobile payments venture

Telecom Italia and Visa Europe have entered into a new strategic partnership in order to boost mobile payments throughout Italy. Both companies have shown a major interest in mobile commerce and have been working to break into this field for some time. Mobile commerce, however, is quite competitive and is filled with technology, telecommunications, and financial service firms that are all trying to grab the attention of consumers. It is for this reason that strategic partnerships are becoming more common in the mobile commerce sector.

Consumers show strong interest in mobile commerce

Italian consumers have been showing a strong interest in mobile payments. This is partly due to the convenience that mobile commerce represents. Shopping and purchasing products from a mobile device has become quite common among consumers that frequently travel and this trend has not gone unnoticed by Visa Europe and Telecom Italia. Both companies have, therefore, been working to develop new mobile payments services that will be available to an estimated 31 million people across Italy.

NFC-based service may not be popular with consumers

Italy Mobile Payments PartnershipVisa Europe intends to reduce the use of physical currency at point of sale. The new service is meant to provide consumers with more security with their transactions. The service is, however, based on NFC technology, which means that only NFC-enabled mobile devices can take advantage of its features. This may be problematic, as NFC-enabled devices are still somewhat rare among European consumers. New NFC-enabled smartphones are expected to be launched in Italy in 2014, however, which may help resolve this issue.

Mobile payments expected to gain momentum from the holiday season

Mobile payments have been gaining more attention throughout Europe, especially as consumers look for more convenient ways to shop. With the holiday season fast approaching, it is expected that record numbers of people throughout Europe will be using their mobile devices to purchase products online and at physical stores.