By all accounts the mobile ecosystem came into its own this week at the 2014 Mobile World Congress. MasterCard, Samsung, PayPal and ROAM were among a galaxy of players to make major announcements in the areas of mobile acceptance, security and functionality. Check out this special edition slideshow detailing some of the biggest noise that came out of Barcelona during the four-day event.
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Mobile World Congress 2014 Roundup
1. Mobile World Congress 2014:
A Look Back At Key
Payments Announcements
Barcelona, Spain – Feb. 24-27
2. Mobile Platform
MasterCard’s C-SAM Acquisition
What C-SAM Is: A consumer-oriented mobile
payments/loyalty/banking/bill-pay platform
What C-SAM Does: Powers commercial mobilepayments services in multiple countries
Why Deal Matters: MasterCard hopes C-SAM will
help it hasten mobile-payments growth globally
3. Telco Mobile Payments
MasterCard Deal With Vodafone, Deutsche
Telekom,Telefonica Deutschland
What Deal Does: Helps lead to development of new
mobile-payments platform
Why It’s Important: The three German telecoms account
for 80 percent of domestic market
Why Deal Matters: Expands MasterCard’s presence in
one of Europe’s biggest economies.
4. Digital Payments
MasterCard MasterPass
In-App Payments Launch
What MasterPass Does: Consumer-oriented
payments/transaction platform
How It Works: Stores payment card credentials for fast
and easy payment
Why It Matters: Broadens potential use of MasterCard’s
digital wallet to numerous mobile apps
5. Mobile Billing
PayPal, Deutsche Telekom Carrier Billing Deal
What Deal Does: D.T. customers can pay bill and buy
digital goods via PayPal with their accounts
Chief Benefits: Gives PayPal market exposure in Central
Europe and other parts of the European Union
Why It Matters: Represents major PayPal development in
mobile carrier-billing deployment
6. Wearable Payments
PayPal, Samsung Wearable Payments Collaboration
- What Deal Does: Embeds a PayPal payment app in the
Samsung Gear 2 smartwatch
- How It Works: Enables fast and easy mobile payment,
promotes the popular use of smart wearables
- Why It Matters: PayPal becomes the first payment provider to
partner with Samsung on wearable technology
7. Mobile EMV Acceptance
Point, Handelsbanken
SMB mPayments Deal
What Deal Does: Enables
Swedish retailers and
micromerchants to accept
mobile payments
How It Works: Promotes use
of EMV-compatible mobile
devices in Nordic market
Why It Matters: Empowers
region’s small and midsize
businesses to manage
mobile payments and
services
8. Mobile Security
Samsung Galaxy S5 Smartphone
Fingerprint Reader
What Product Does: Includes fingerprint
scanner for mobile access, payment
authentication.
How It Works: PayPal partnership involves
use of fingerprint scanner to authenticate
user for payment
Why It Matters: Represents second major
debut in past year of biometric-enabled
smartphone.
9. Mobile Authentication
-
MasterCard, Syniverse Deal For Traveler Authentication
What Deal Does: Provides a simple mobile-authentication solution
for international travelers
How It Works: Promotes the use of mobile devices as a form of
payment authentication through geolocation
Why It Matters: Prevents travelers from having their transactions
rejected while abroad