Archive | Mobile Payments

Amazon to Enter Mobile Payments Arena?

Amazon to Enter Mobile Payments Arena 300x197 Amazon to Enter Mobile Payments Arena?Online retail behemoth Amazon is purportedly set to enter the mobile payments fray.

According to sources close to Amazon, the ecommerce heavyweight is planning to release a mobile credit card reader that could empower merchants to accept payments from consumers on the go.

As of this writing, it isn’t known if the card reader will be exclusively compatible with Amazon tablets and smartphones or if mainstream iOS and Android products can be used as well.
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Digital Wallets Growing Fast… in Germany

Digital Wallets Growing Fast... in Germany 300x187 Digital Wallets Growing Fast... in GermanyIf Norm McDonald still sat at the Weekend Update desk on Saturday Night Live, he would have two observations regarding Germany to make these days.

First, Germans love David Hasselhoff. And, second, they love digital wallets just as much.

While mobile payments solutions continue to stutter step elsewhere in the world, another name has just been added to the list of promising young companies entering the competitive European digital wallet market.

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IBM Expands Partnership with Monitise

IBM Expands Partnership with Monitise IBM Expands Partnership with Monitise According to CruxialCIO, IBM will expand its partnership with Monitise, a provider of mobile payments products and services, to help create tools for cloud-based mobile commerce for use by banks, retailers, payment companies and others. These companies first got together in 2013 to develop mobile banking and payment services for Visa Europe.

The companies said they would work to provide financial institutions with data analytics and location-based services aimed at helping customers receive targeted services in-store, as well as offer new digital and mobile money systems while reducing costs and creating new sources of revenue for financial service providers.

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Snapchat May Be Planning Mobile Payments Project

Snapchat May Be Planning Mobile Payments Project Snapchat May Be Planning Mobile Payments ProjectAccording to Business Insider, two trademarks filed by Snapchat lawyers may suggest that Snapchat may try to monetize through mobile payments or mobile credit card processing, unlike the traditional way through selling advertisements.

Snapchat has filed three trademarks. The first, granted in July 2013, defined Snapchat as a “computer application software for mobile phones, portable media players, and handheld computers, namely, software for sending digital photos, videos, images, and text to others via the global computer network.” This sounds like the Snapchat we all know.

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Amazon Releases Digital Wallet App

Amazon Releases Digital Wallet App 300x281 Amazon Releases Digital Wallet AppAccording to Payments Source, amazon has released a beta version of an Amazon Wallet App that’s currently focused on shopping and discounts but could serve as a launch pad for mobile payments.

In the age of surging popularity for mobile credit card readers and digital money platforms, Amazon’s timing couldn’t be better.

The app is available on the Google Play and Amazon App Store for Android devices, and can store loyalty and gift cards. It doesn’t have a mobile payments function or the ability to enroll credit and debit cards from a mobile device.

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American Express Makes Payment Processing Easier For Small Business Owners

American Express Makes Payment Processing Easier For Small Business Owners 300x290 American Express Makes Payment Processing Easier For Small Business OwnersAs 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.

Less Paperwork

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.

Faster Funding

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.

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Don’t Think Mobile Banking Can Surpass Online Banking? Think Again!

Dont Think Mobile Banking Can Surpass Online Banking Think Again 300x158 Dont Think Mobile Banking Can Surpass Online Banking? Think Again!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.
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