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Google’s mobile payments platform is now FDIC-insured

Google’s mobile payments platform is now FDIC-insured

Google wins FDIC coverage for its mobile payments service Those using Google Wallet are in for some good news. Funds associated with the mobile payments platform are now insured by the Federal Deposit Insurance Corporation (FDIC). This federal organization provides insurance coverage for funds held by banking institutions up to $250,000. This means that if Google Wallet were to be dissolved entirely, those using the service will not lose the funds they have stored on the … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Commerce Security, Mobile Payments

Samsung will launch mobile payments system using fingerprint security

Samsung will launch mobile payments system using fingerprint security

The technology giant will be rolling out a simple transaction system in South Korea by the end of April. Samsung Group subsidiary, Samsung SDS, which is an IT services firm, has now announced its intention to launch a mobile payments system in South Korea that uses fingerprint scanning technology. While the smartphone payments system will get started in South Korea, it will be expanding in the future. Samsung’s plans appear to be to initially launch the mobile payments … Read entire article »

Filed under: Gadgets, Mobile Apps, Mobile Commerce Security, Mobile Payments

Mobile commerce app Spring wins $25 million in funding

Mobile commerce app Spring wins $25 million in funding

Spring raises more funding from venture capitalists Funding continues to flow into the mobile commerce sector, as venture capitalists show more support for services and platforms that show promise. Spring, a mobile commerce firm founded by venture capitalist David Tisch, has announced that it has received $25 million in its latest round of funding. This funding round was lead by Google Ventures, Sound Ventures, and Groupe Arnault. The funding will help the platform continue to improve … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Payments

Mobile commerce fraud is a big problem for merchants

Mobile commerce fraud is a big problem for merchants

Mobile fraud is becoming a problem for merchants that want to engage mobile consumers Mobile commerce is quickly establishing itself as one of the most powerful forces in the commerce sector, powered by the growing number of consumers that have smartphones and tablets. There may be a problem threatening the continued growth of this sector, however, as many businesses may have a lack of awareness about fraud. According to a recent study from Kount, many of … Read entire article »

Filed under: Mobile Commerce, Mobile Commerce Security, Mobile Payments, Trends

E-commerce platform Shopify prepares to launch IPO

E-commerce platform Shopify prepares to launch IPO

Shopify has announces plans to launch IPO on New York Stock Exchange Shopify, an e-commerce platform based in Canada, has announced its plans to become a public company. The organization aims to raise some $100 million through an initial public offering (IPO) with the list name “SHOP” on the New York Stock Exchange. Shopify has release information concerning its operations ahead of the IPO, hoping that this information will generate some hype behind the company’s entry … Read entire article »

Filed under: Mobile Commerce, Mobile Payments