Archive | Mobile Payments

BBM Users Get Mobile Payments Boost from BlackBerry

BBM Users Get Mobile Payments Boost from BlackBerry 300x180 BBM Users Get Mobile Payments Boost from BlackBerryBlackBerry continues to forge ahead despite no shortage of setbacks and lingering obstacles down the mobile path.

On Thursday, the Canadian smartphone maker confirmed that it will enhance the mobile payment capabilities for users of BBM, the private social network available for smartphones running Android, BlackBerry, iOS or Windows Phone.

According to a written statement from BlackBerry, these new initiatives “will take the ability to connect and share using BBM one step further.”
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Posted in Android, Announcements, BlackBerry, iOS, Mobile Apps, Mobile Commerce, Mobile Payments, News, Platforms, Smartphones0 Comments

What’s the Big ‘Deal’? Banks Purportedly Reach Mobile Payments Agreement with Apple

Whats the Big Deal Banks Purportedly Reach Mobile Payments Agreement with Apple 300x256 Whats the Big Deal? Banks Purportedly Reach Mobile Payments Agreement with AppleBy now it’s patently clear that Apple wants a chunk of the mobile payments industry. And it’s muscling its way into the crowd with some serious support.

Bank Innovation is reporting that Apple has inked deals to lower its card transaction fees with many of the nation’s top financial institutions, including American Express, JP Morgan Chase, Citigroup, Capital One, and Bank of America.

If the rumor mill is right, Apple should have no problem leveraging these deals into a prime placement at the center of the mobile payments world.
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Posted in Announcements, Mobile Payments, News, Platforms, Predictions, Rumors0 Comments

PayPal at the Pump? Gas Stations May Soon Be Able to Advertise New Payment Option

PayPal at the Pump Gas Stations May Soon Be Able to Advertise New Payment Option 257x300 PayPal at the Pump? Gas Stations May Soon Be Able to Advertise New Payment OptionMAPCO Express, a convenience store chain (and gas station) in the southwest, has just rolled out a mobile app letting customers pay for gas, says Mobile Payments Today.

They want to offer rewards in exchange for consumers paying for gas with a smartphone.

The MY MAPCO app’s exclusive payment option is with PayPal. “Really, there was no other consideration when it came with partnering with one of the best payment providers out there,” said Howard Curtis, MAPCO’s director of marketing and CRM.

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Posted in Announcements, Marketing Strategy, Mobile Apps, Mobile Commerce, Mobile Devices, Mobile Payments, Mobile Shopping, News, Platforms0 Comments

Apple’s Patent May Be a Digital Wallet

Apple’s Patent May Be a Digital Wallet 225x300 Apple’s Patent May Be a Digital WalletAccording to Business Insider, Apple’s newly public patent application describes a “detailed backend architecture for a mobile wallet designed to hold digital credit, debit cards, and coupons issued by a range of merchants and financial institutions.”

The filing describes the system as “capable of powering mobile transactions conducted via QR codes, the cloud, and contactless near field communication (NFC).”

In a review by BI Intelligence and other experts, the patent application describes an “omni-wallet” which “allows other parties to securely send data to Apple device owners, using encryption and secure hardware to prevent fraudsters from intercepting or duplication sensitive information such as digital credit cards.”

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Posted in Mobile Apps, Mobile Internet, Mobile Payments0 Comments

Apps Let Millennials Use Money in New Ways

Apps Let Millennials Use Money in New Ways 300x168 Apps Let Millennials Use Money in New WaysAccording to the Boston Globe, millennials are throwing out their checkbooks and cash and opting for mobile payment options via apps on their smartphones. Once the app is on their phone they can connect them to bank and credit card accounts and be used to pay for rent, utilities, bills, dining out, and for peer-to-peer (P2P) transfers.

The apps are free to download and most levy modest fees for transaction. Charges vary for sending and receiving money through debit or credit card. For example, Dwolla, a P2P payment network startup, takes 25 cents from those receiving more than $10, while Venmo users who send money through a credit card get docked 3%.

Millennials spend $1.3 trillion as consumers annually, according to Boston Consulting Group. They are the biggest users of mobile payments apps as well, accounting for 55% of those who use digital services.

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Posted in Announcements, Marketing Strategy, Mobile Apps, Mobile Devices, Mobile Payments, News, Platforms1 Comment

Is Apple a Major Player in Mobile Payments?

Is Apple a Major Player in Mobile Payments Is Apple a Major Player in Mobile Payments?It’s difficult to find a market in which Apple doesn’t exert tremendous influence, but what about mobile payments?

According to IDC Financial Insights‘ new report, “Business Strategy: Apple and the Payments Tipping Point,” Apple may not yet be a mobile payments behemoth, but the tide could soon be turning.

“The possibility of Apple playing an increasing role in payments, one that leverages its entire ecosystem of online digital stores, brick-and-mortar retail outlets, and line of mobile devices to facilitate payments, has spurred considerable interest and debate within the payment community and tech press,” the report summary reads. “The question then is what does Apple stand to gain? And more importantly, what does Apple’s presence in the payment landscape mean for retailers, banks, processors, and other stakeholders?”
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Posted in Announcements, iPhone, Marketing Strategy, Mobile Devices, Mobile Payments, News, Platforms, Predictions, Rumors, Smartphones, Technology0 Comments

Is Amazon Making the Right Move on Mobile Payments?

Is Amazon Making the Right Move on Mobile Payments 300x211 Is Amazon Making the Right Move on Mobile Payments?Amazon, critics say, is spreading itself too thin.

These days, the ecommerce hub is extending its service offerings into many diverse directions. From making tablets and smartphones, to launching streaming TV services and now mobile payments platforms, Amazon has become a cosmopolitan company in countless ways.

But is it too much too fast?
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Posted in Announcements, Mobile Devices, Mobile Payments, News, Platforms, Smartphones, Technology0 Comments