Telcos target mobile payment system

Three of the top four US mobile service providers - Verizon Wireless, AT&T and T-Mobile USA - are working together to build a network that would let consumers pay for goods with their phones, reports Reuters.

Their Isis joint venture plans to take market share from dominant payment networks, Visa and MasterCard, which currently process most US credit and debit card payments. Sources told Reuters that an announcement was imminent.

Isis said the network would use Discover Financial Services' national payment network at its roughly seven million US merchant partners and that Barclaycard US, a unit of Barclays is expected to be the first lender on the network to offer mobile payment products.

Galleria Retail Technology Solutions, a provider of customer-centric merchandising solutions, has partnered with Retail Manager Solutions, a solutions provider that streamlines communications throughout retail businesses, states Trading Markets.

The company says the combination of its merchandising solution with Retail Manager Solutions' application suite will allow retailers to communicate and carry out in-store activities for improved compliance and customer satisfaction.

Ian Duncan-Lewis, Galleria CEO, said that the partnership "provides retailers with a streamlined merchandise planning, assortment and space optimisation process combined with the effective communication tools required for successful execution."

CHS has selected Pinnacle's Pinnacle Palm as a new point-of-sale (POS) platform option for its approximately 1 500 Cenex-branded sites as well as all other unbranded retail fuelling locations, writes CSP Net.

In an effort to leverage as much of the existing forecourt payment equipment, maintain loyalty benefits programmes and provide a long-term PCI-DSS payments footprint at an affordable price to CHS customers, Pinnacle is offering its Palm POS as a go-forward platform to replace aging equipment.

Pinnacle will leverage the CHS-channel network of authorised partners to implement, train and support Palm POS across the network of Cenex-branded retail sites and other unbranded retail fuelling locations, maintaining the familiar relationships that CHS customers already have for supporting their POS and forecourt equipment.