Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Mobile Tech
Fiercely productive scanners
Average Rating:
Rate this article:  
MasterCard, Syniverse To Secure Mobile Payments Abroad
MasterCard, Syniverse To Secure Mobile Payments Abroad

By Barry Levine
February 25, 2014 2:25PM

Bookmark and Share
Geotagging is a key aspect of the new, pay-when-you're-abroad service planned by MasterCard and Syniverse, allowing mobile users to be authorized when they're in a new country, as well as enabling appropriate data plans and marketing services. But it's geotagging that knows your mobile device and your credit card are in the same place.
 


At the Mobile World Congress (MWC 2014) in Barcelona, MasterCard and mobile technology company Syniverse announced Tuesday their alliance to develop an opt-in credit card service for travelers. The system will enable credit card transactions when users have their mobile device switched to that particular destination.

A pilot phase of such a service is in progress. The purpose, the companies said, is to avoid cards being used without the owner's knowledge, or having transactions unnecessarily declined when abroad. The companies said that 50 percent to 80 percent of declined transactions abroad are actually legitimate.

The service also offers prepaid data packages that travelers can buy from their phones when they hit a foreign destination. The companies noted that 70 percent of travelers switch off data reception when they arrive in another country, most likely to avoid roaming charges.

75 Million Mobile Phone Owners

Every month, 75 million mobile phone owners travel outside their home country, and data connectivity is obviously essential if geo-verified mobile payment is going to be offered in non-local destinations.

Also on the drawing board: the ability for MasterCard and Syniverse to target offers to mobile users, if their geolocating function is turned on. A Syniverse-commissioned report found that the market for "mobile context" -- brand-based services targeted at opted-in subscribers' information, behavior and location -- could be as large as $44 billion.

Geotagging is a key aspect of this new, pay-when-you're-abroad service, allowing mobile users to be authorized when they're in a new country, as well as enabling appropriate for-the-moment data plans and relevant marketing services. But it's geotagging that knows your mobile device and your credit card are in the same physical location.

The companies said that, "when your card and your mobile device are in the same place, you're less likely to encounter the frustrations associated with unqualified card cancellations or blocked transactions."

In-App Payments

Hany Fam, president of Global Strategic Alliances at MasterCard, said in a statement that "the speed and intelligence of our global network," combined with geo-locating solutions, can enable a MasterCard to work when a user and his phone are together. Syniverse President and CEO Jeff Gordon told news media that "the next growth phase of mobile is through the expansion of the diverse players within the ecosystem."

The two organizations process a massive amount of mobile data. MasterCard said it handles 65,000 transactions every minute, while Syniverse said it has relationships with more than a thousand mobile network operators, reaching 5 billion mobile devices globally. Syniverse is a global company that provides technology services for telecommunications providers.

MasterCard also announced at the Barcelona show the launch of in-app payments using its credit cards, which it noted eliminates the need for users to store bank card information across apps. The credit card giant also announced a series of alliances with other companies to simplify mobile payments with mobile devices, including Deutsche Telekom, Vodafone and Bank Audi.
 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Mobile Tech
1.   Android Gets Chrome Remote Desktop
2.   Amazon 3D Smartphone Pics Leaked
3.   Zebra Buys Motorola Enterprise Biz
4.   CTIA Caves, Offers Kill Switch Plan
5.   Report: Amazon Phone To Feature 3D


advertisement
BlackBerry Drops T-Mobile After Spat
Moving on to other carriers after snub.
Average Rating:
Zebra Buys Motorola Enterprise Biz
Pays $3.45B in all-cash deal.
Average Rating:
CTIA Caves, Offers Kill Switch Plan
But leaves control up to users.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Heartbleed Could Cost Millions, Could Have Been Prevented
Early estimates of Heartbleed’s cost to enterprises are running in the millions. The reason: revoking all the SSL certificates the bug leaked will come at a very hefty price.
 
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 
Canadian Teen Arrested for Heartbleed Hack
One week after the OpenSSL Heartbleed vulnerability was unveiled, Canadian authorities have made the first arrest -- a London, Ontario teenager -- connected to exploiting the security hole.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Google Releases Chrome Remote Desktop App for Android
You're out on a sales call, and use your Android mobile device to grab a file you have back at the office on your desktop. That's a bit easier now with Google's Chrome Remote Desktop app for Android.
 
Amazon 3D Smartphone Pics Leaked
E-commerce giant Amazon is reportedly set to launch a smartphone after years of development. Photos of the phone, which may feature a unique 3D interface, were leaked by tech pub BGR.
 
Zebra Tech Buys Motorola Enterprise for $3.45B
Weeks after Lenovo bought Motorola Mobility’s assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for Motorola’s Enterprise business in an all-cash deal.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.