As a small business owner, accepting American Express as a method of payment opens the door to a larger customer base. In a recent announcement the industry leading credit card payment processing experts at North American Bancard announced a few changes they have worked with American Express to implement.
Merchants will now enjoy less paperwork, because they will now receive one statement for all of their credit card processing—instead of a separate one for AMEX too. This change will make billing much faster to accomplish.
Merchants are used to receiving funds from all of their other credit card providers, and even PayPal, far before receiving their funds from American Express. However, now all credit card funds will be deposited at the same time.
Posted in Marketing Strategy, Mobile Payments
It’s one small step for mobile, one giant leap for banking in the 21st century.
New findings from Juniper Research reveal that 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared to 800 million this year.
The report notes that mobile banking technology is currently available in most regions of the world, driven by exceptional consumer demand, especially in the developed regions. Providers such as the Bank of America have already announced, back in 2013, that more of their customers are logging in to their mobile services than through their online system.
Posted in Announcements, Mobile Analytics, Mobile Apps, Mobile Devices, Mobile Payments, News, Platforms, Predictions, Resources, Technology
The ISIS brand plastered across innumerable mobile payments systems in the U.S. today is getting a facelift as a means to avoid an unfortunate and inadvertent association.
As it turns out, the ISIS name happens to also be affiliated with a militant group in the Middle East. Understandably, the mobile payments company wants to part of this association.
The decision to rebrand wasn’t easy, a representative for ISIS tells MMW, but “it’s the right thing to do.”
ISIS CEO Michael Abbott explained the decision further in an announcement published Monday.
Posted in Announcements, Mobile Apps, Mobile Commerce, Mobile Devices, Mobile Payments, News, NFC, Platforms, Resources, Technology
Like so many companies trying to service online consumers and web-based businesses, GoDaddy has launched a new online and mobile payments service.
In fact, GoDaddy teamed up with three big players — PayPal, Dwolla, and Stripe — to introduce the service.
“Get Paid” will let users, most of whom have not been taking payments electronically, accept credit cards, debit cards, eChecks (ACH), and PayPal transfers. The service will be available first to GoDaddy’s 9 million users in the U.S.
Posted in Announcements, Mobile Devices, Mobile Payments, News, Platforms, Resources, Smartphones
Mobile payments company Square has made a few big decisions in the last several months, one of the most consequential being their plans to go global.
In a recent announcement by spokesperson Lindsay Wiese, the company confirmed that Square will be opening an office of over 30 employees in Kitchener, Ontario Canada. The Canadian office is slated to open in September of 2014, and the area’s “thriving and talented tech community” is the primary reason for the expansion, we’re told.
Square offers many mobile payment processing solutions based on affordable and easily accessible technology that allows retailers to turn compatible iOS and Android devices into mobile payment processors.
Posted in Android, iOS, Marketing Strategy, Mobile Payments, Platforms, Technology
Most women enjoy — and buy a lot of — makeup and beauty products.
Companies like Avon and Mary Kay earned their stripes capitalizing on women’s desire for quality makeup, fragrances, and other beauty aids — and making it even more convenient for women to shop by bringing beauty products directly to them.
When beauty product consultants meet women in person, at parties, or online — away from the stressful environment of malls or traditional beauty shops — women are able to peruse and purchase products in more comfortable environments.
Posted in Mobile Commerce, Mobile Payments
BlackBerry may be struggling to remain relevant – let alone afloat – in a mobile world almost exclusively dominated today by Android and iOS, but the embattled Canadian smartphone maker isn’t rolling over.
Just this week, the company announced plans to get more aggressive in the fast-growing world of mobile payments.
Despite intense competition from heavyweights in the mobile payments field (PayAnywhere, Square, etc), BlackBerry has just confirmed a new three-year agreement with EnStream LP, a mobile payments joint venture owned by Canadian wireless carriers Bell, Rogers and TELUS, to provide a secure platform that supports transaction services between banks and consumers.
Posted in Announcements, Mobile Payments, News, Platforms, Smartphones, Technology