TWMP Chairperson Yang-Ching Chao said: "We are delighted that JCB, the major payment brand, selected Taiwan Pay mobile payment as the first JCB HCE mobile payment service
in the world.
The model uses the factor-based approach to analyze the characteristics of a mobile payment service
and consumer characteristics and the process-based approach to analyze the perception of a mobile payment service
Even though the CBE did not yet issue yet a regulation regarding the mobile payment service
providers, the Decision issued by the Executive Director of the Anti-Money Laundering Unit dated 14 April 2011 provides that a periodical risk analysis of the system should be undertaken, including conducting penetration tests and ethical hacking to ensure the strength of the system.
Shehadeh added that PMA efforts, in partnership with other stakeholders, are currently underway to implement the project of mobile payment and launch efficient, effective and secure mobile payment services
However, mobile payment service
providers are trying to enhance security of data, and to some extent have changed consumer perception about security of their personal information.
A NEW mobile payment service
with the potential to link up every current account in the country with a phone number is set to be used more than one billion times in the next five years, the UK's payment body forecasts.
For instance, the NFC-based service i-Mode Felica, the world's first mobile payment service
incorporating card key verifications launched by NTT DoCoMo, one of Japan's leading telecoms in cooperation with Sony, proved a failure in many countries excluding Japan.
ADCB is the first bank to offer this unique mobile payment service
, a statement said.
MMN, which yesterday launched mobile payment service
Simply Tap, has also brought in Lord Davies of Abersoch, the former boss of Standard Chartered, as a non-executive director.
Summary: Mobile banking recently got a boost with the introduction of Inter-bank Mobile Payment Service
, a real-time electronic fund-transfer service.
The new service will be an addition to the already popular Arrow mobile payment service
provided by NBAD, via Luup's mobile payment platform.
m-commerce platform now incorporates the automated mobile payment service
from PayPal, which is owned by online auction company eBay Inc (Nasdaq:EBAY).