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Will QR code use become commonplace for wedding gift giving?

Will QR code use become commonplace for wedding gift giving?

(adsbygoogle = window.adsbygoogle || []).push({}); The usage and application of quick response codes in China is continuing to explode. In China, the tradition of giving cash to newlyweds is a long one and QR code use is now bringing the practice into this century. For hundreds of years, cash was given in red envelopes, but that paper is being increasingly conserved through the use of black and white barcodes. QR codes are being used for a rapidly rising … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Mobile payment security concerns continue to create serious privacy issues

Mobile payment security concerns continue to create serious privacy issues

A recent study by IIM Bangalore identified serious worries over smartphone based payment services. At a time when smartphones are essentially ubiquitous and digital wallets are picking up in popularity, mobile payment security concerns persist. According to a recent study, worries over risks of privacy and security continue to be problematic. Among the main issues appears to be the lack of global consistency in terms of mobile security standards. A study conducted by the Center for Software and … Read entire article »

Filed under: Featured News, Mobile Commerce Security, Mobile Payments

QR code feature launched for in-person purchases at Paytm Mall

QR code feature launched for in-person purchases at Paytm Mall

The e-marketplace is making it possible for shoppers to move beyond m-commerce and pay in real life. Paytm Mall just rolled out a new QR code feature that will make it possible for shoppers to use their mobile devices for shopping in-store, not just at the brand’s e-marketplace. The system uses quick response code scans to verify the mobile payment transactions at checkout counters. The goal of the new QR code feature is to appeal to consumers who … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Samsung Pay test launched in UAE

Samsung Pay test launched in UAE

The mobile wallet is being rolled out in an “early access phase” in the United Arab Emirates. An” early access phase” Samsung Pay test has rolled out in the United Arab Emirates (UAE). This testing phase is looking into the way the mobile wallet functions through six local banks. The mobile payments app and service first launched in South Korea two years ago in August. The Samsung Pay test will show whether or not users can comfortably, safely … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

HSBC mobile payment app launches through VocaLink partnership

HSBC mobile payment app launches through VocaLink partnership

Millions of the bank’s customers can soon use the Pay by Bank application to complete transactions. A new HSBC mobile payment services app will give access to first direct customers who want to use their smartphones to complete shopping transactions. It lets them use the banking app as a direct payment method for purchasing certain products and services in an online store. The HSBC payment app is the result of the financial institution’s partnership with VocaLink. VocaLink is … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Commerce, Mobile Payments

MasterPass QR code central to Ecobank cashless campaign

MasterPass QR code central to Ecobank cashless campaign

The bank has launched this new solution for merchants in order to let them use mobile devices to accept payments. The EcoBank MasterPass QR code based mobile payments solution launched with small merchants in mind. This service makes it possible for merchants to use their mobile phones to accept payments from their customers. This solution is the result of a partnership between Ecobank and MasterCard in a broader retail payment strategy. Through the MasterPass QR code, Ecobank’s merchant … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Mobile payments use is mainly for transportation and restaurant bills

Mobile payments use is mainly for transportation and restaurant bills

A new survey shows that there are some very specific reasons for which smartphone wallets are used. A new Market Intelligence and Consulting Institute under the Institute for Information Industry study provided insight on mobile payments use. It showed that consumers are using mobile wallets most frequently for paying for their meals at restaurants and for buying fare on transportation services. The mobile payments survey showed 76.4 percent of consumers who used the tech did so to … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Fraudulent QR code plays central role in $13 million scam

Fraudulent QR code plays central role in $13 million scam

As commonplace as quick response code scanning may be in China, scams are becoming a problem. Many residents of the Chinese city of Guangzhou fell victim to a fraudulent QR code that scammed them out of millions of dollars. The scam stole an estimated RMB90 million (about US$13.03 million) from unsuspecting smartphone users. The use of quick response codes has become exceptionally commonplace in China. They are used as a part of mobile payments to let people complete … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Samsung Pay platform has launched in India

Samsung Pay platform has launched in India

The electronics giant has rolled out its mobile wallet in a country where smartphone based payments are taking off. The Samsung Pay platform has now officially launched in India. This hasn’t come as any surprise as many have expected the service to enter the country for the last several weeks. The company gave its official confirmation of the launch at the start of this week. The company has pointed out that the service remains in an Early … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Americans more confident in mobile payment security than global average

Americans more confident in mobile payment security than global average

Ninety-four percent of people in the U.S. are comfortable with wallet app security levels. Consumers are placing a growing level of trust in mobile payment security and smartphone based shopping, particularly in the United States. In fact, many consumers expressed greater confidence in their devices than the security of stores themselves. Interestingly, while the United States has not seen rapid adoption rates for mobile wallets, it doesn’t seem to be a lack of trust presenting the greatest barrier. … Read entire article »

Filed under: Featured News, Mobile Commerce Security, Mobile Payments

Apple mobile payments is finally taking off and making a difference

Apple mobile payments is finally taking off and making a difference

Some firms are speculating that the acceptance of this tech could permanently change the face of retail. Apple mobile payments have been struggling to take off and have not met the performance expectations of many people in the commerce and tech industries alike. That said, it does appear as though Apple Pay is finally taking hold and now that it has, it’s rapidly gaining strength. Mobile wallets were only a concept only a few years ago, and … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments