BMO Bank of Montreal and Research In Motion, MasterCard Canada is bringing mobile payments to BlackBerry smartphones through its MasterCard(R) PayPass(TM) ‘tap and go’ contactless payment technology. The four-month trial brings contactless payments via mobile devices a step closer to Canadians.

In this trial, participants will use PayPass(TM) Mobile Tag-equipped BlackBerry smartphones to make secure purchases at any of the 8,500 merchant locations in Canada that accept MasterCard PayPass.

For the first time, the mobile payment will integrate with the device, with a confirmation email of each transaction sent to the BlackBerry smartphone, including purchase details such as the amount, retailer and date of transaction.

How it Works

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China United Network Communications Co. Ltd. (China Unicom) has entered a strategic partnership with China’s sole payment service network, China Unionpay Co. Ltd. to develop mobile payment services, according to a Nov. 29 joint announcement.

Under the deal, China Unicom subscribers will be able to use China Unionpay to make payments and transfer money among participating banks. The two parties will cooperate on the exploration of value-added services such as e-commerce payment applications and security services.

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GoPayforit launched its new mobile payments service to enable bloggers and content owners to more easily sell content online – by using GoPayforit, lower priced content can now be purchased by consumers in an easier, more manageable and less time-consuming way.

GoPayforit allows bloggers and content owners to set up a payment service for their site by inserting one simple line of code. Once established, this enables consumers to debit money directly from their mobile phone bill (PAYG or contract) in order to make payments. UK mobile operators provide support for GoPayforit as a secure transaction platform as it is based on the tried and tested Payforit platform

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Discover has launched a new Discover Mobile iPhone application – now available as a free download from the iTunes App Store. Access your Discover account information securely anytime, anywhere with the FREE Discover Mobile iPhone and iPod touch application.

Features:

• View your account summary including: current balance, last statement balance, minimum payment due, payment due date, last payment made, credit available, and Cashback Bonus balance
• Make a Discover card account payment
• View recent transactions
• View recent and pending payments
• View rewards activity
• Enroll in quarterly 5% programs

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MasterCard today announced the introduction of the MasterCard Mobile Payments Gateway, a mobile payments processing platform that enables financial institutions and mobile network operators to deliver end-to-end mobile payments solutions through the MasterCard Worldwide Network.

Itau Unibanco and Redecard, along with mobile network operator Vivo, will be the first to use the MasterCard Mobile Payments Gateway to deliver mobile payment solutions to the banks’ customers in Brazil. The service will give consumers the ability to use their phone as a mobile wallet and link their existing credit, debit or prepaid MasterCard or Maestro card accounts to their mobile phone to fund mobile-initiated payments.

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Nokia Money – Nokia’s mobile banking and payment service is expected to be commercially available in its first market in Q1 2010, although the Finnish handset manufacturer is unable to divulge any details about the location as yet.

Nokia Money is one of the services that the Finnish group hopes will help extend its remit beyond mere devices. Indeed, the company said its target is to have 300 million active users of its services by the end of 2011; the number is expected to be 80 million by the end of 2009.

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The study, “NFC Mobile Payments & Marketing Opportunities: Forecasts & Analysis 2009 – 2014,” (source) predicts NFC mobile payments will exceed $30 billion within three years:

• The first NFC devices will be shipped commercially later in 2009 and the market will ramp up from 2011.
• NFC/Felica payments are already established in Japan but by 2014 North America and Western Europe will be experiencing high growth.
• By 2012, NFC global gross transaction value will exceed $30 billion.

Mobile payments 2010: Market analysis and overview – ‘Mobile payments 2010’ is written and published by Innopay in cooperation with Telecompaper, elaborates on the trends, developments and issues, and provides an overview of more than 150 mobile payment initiatives from around the world.

The report consists of two parts:
Part 1: on the trends, developments and issues in the field of mobile payments
Part 2: overview of more than 150 mobile payment initiatives from around the world

Download free copy of The Mobile Payments Report 2010 here

Amazon Payments launched a new service – Mobile Payment Service that brings the company’s payment processing tools to mobile devices. Amazon Mobile Payments Service (MPS) includes a set of APIs (application programming interfaces) that allow mobile developers a new way to sell their wares. Their new mobile payment service means anyone with an Amazon account can make over-the-air purchases.

There are already a number of mobile payment providers, but Amazon is the big player of the e-commerce world with an enormous amount of customer accounts already in use. This could be an excellent option for companies that offer mass-market mobile applications and are looking for ways to easily accept payments.