The investment arm of US mobile network operator Verizon has confirmed that it has taken a stake in Host Card Emulation specialist SimplyTapp.
A new Verizon report has found that too many businesses, following their annual assessment for meeting the Payment Card Industry Data Security Standard, fail to maintain ongoing compliance -- putting the businesses at an increased risk for data breaches, and financial and reputational damages.
All four major US carriers have joined with Google, Isis, the big card schemes and a subset of banks and payment processors to launch a 'Mobile Payments Committee', intended to smooth the way for the commercial application of new payment modes on the high street.
Retailers and other businesses on the front lines of customer service increasingly need mobility solutions tailored to each business' particular requirements. However, businesses have had to make do with off-the-shelf devices and bolt-on services.
Terremark, a Verizon Company, has received certification that six of its cloud-enabled data centers are compliant with the Payment Card Industry Data Security Standard (PCI DSS) version 2.0.
Diebold has teamed up with wireless operator Verizon to develop a concept 4G LTE-enabled ATM to show off the technology's potential security and user experience benefits.
Free Press, an independent US watchdog promoting open access to communications, has called on the Federal Communications Commission to investigate Verizon Wireless for reportedly blocking the Google Wallet application on the Galaxy Nexus smartphone
Verizon Wireless has demanded that Google disable its mobile wallet app in the forthcoming release of the latest Galaxy Nexus smartphone from Samsung.
Swedish competition authorities have raided the offices of Nasdaq OMX as part of a probe into whether the firm is working with data centre operator Verizon to stymie rivals, according to the Financial Times.
Isis, the mobile commerce joint venture between AT&T, T-Mobile and Verizon, is to launch commercial pilot programmes in Salt Lake City, Utah and Austin, Texas in the first half of 2012.
© Finextra Research 2015