5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Obopay Adds STAR Transfer Service

By Staff Author | September 8, 2010

Obopay, the mobile payment service with backing from Nokia, has struck an agreement with the STAR Network to incorporate the STAR Expedited Transfer Service into its Mobile Money for Banks offering.

Obopay’s Mobile Money for Banks allows banks to deploy their own branded mobile money services. Obopay’s service also is available to consumers who visit its website, but its own research and that of other third parties has shown the majority of consumers want to do mobile banking directly with their banks.

STAR is a First Data company and one of the largest bank/debit processing companies in the world. There are about 7,000 banks in the United States and 4,800 of them are on STAR, so it covers the vast majority, says David Schwartz, head of corporate and product marketing for Obopay.

The STAR Network offers transaction speeds that are not possible with Automated Clearing House (ACH) transfers, which often take several days to process. With this service, Obopay says financial institutions can offer a fast and convenient way for their customers and members to send and receive money using their mobile phones. 

The real-time aspect of the service is important because that’s what people have come to expect in the mobile space. “With our model, instant is the key. In the mobile world, people expect it,” Schwartz says.

Obopay doesn’t work directly with U.S. mobile operators, in part due to the lag time it typically takes to settle transactions. In places like Kenya, however, it is working directly with a telecom provider. In some respects, its model is competitive with the bill-to-carrier model where texting is involved for making donations, but when carriers get involved, there’s usually a 90-day settlement process and content providers and charities don’t like those kinds of delays.


Filed Under: Devices

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

High-directivity couplers optimized for 225 – 750 MHz applications
Integrated into IoT devices, iSIM poised to make inroads
Triple-radio and multiprotocol MCUs add application processors
5G vectors
How RedCap fits into 5G and IoT

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World