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Mobile payments will have eliminated cash by 2030, report

Mobile payments will have eliminated cash by 2030, report

(adsbygoogle = window.adsbygoogle || []).push({}); According to the predictions released by IEEE, traditional transactions will fall aside that year. Although it can’t be disputed that mobile payments have been having a struggle in taking off and that it has been taking a great deal of effort to try to convince consumers to adopt this technology for using smartphones instead of cash or credit cards while in brick and mortar stores, a recent prediction is indicating that the … Read entire article »

Filed under: Mobile Apps, Mobile Payments

Square bets on EMV standards improving the mobile payments space

Square bets on EMV standards improving the mobile payments space

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can … Read entire article »

Filed under: Mobile Commerce, Mobile Payments, United States

Can Google’s mobile payments be made hands-free for Android and iOS?

Can Google’s mobile payments be made hands-free for Android and iOS?

The tech giant is now testing out a form of smartphone based transaction completed without lifting a finger. While many people might think that contactless mobile payments using NFC technology is essentially as convenient as transactions can get, as they’re simply a matter of waving a smartphone or wearable tech device (such as a smartwatch) over a reader at a cash register, Google is now looking to boost convenience even further. The search giant is now promoting … Read entire article »

Filed under: Gadgets, Mobile Apps, Mobile Payments

Square mobile payments have now launched in Australia

Square mobile payments have now launched in Australia

The smartphone based transaction company has now launched its services into a fourth marketplace. Square has now launched its mobile payments services into its fourth marketplace, as it has stepped into Australia, giving small businesses in that country the opportunity to use their smartphones and tablets as credit card reading point of sale devices. The other countries in which the service is available include the United States, Japan and Canada. This announcement arrived nearly immediately before Square was … Read entire article »

Filed under: Mobile Payments, Near Field Communications

TD Canada Trust launches its own mobile payments service

TD Canada Trust launches its own mobile payments service

TD Bank app has been updated to use new payment service TD Canada Trust has beaten both Apple and Samsung in launching a new mobile payments service in Canada. The company has launched its own payments platform in an effort to better connect with mobile consumers that rely heavily on their smartphones and tablets. The service is part of the TD Bank application, which is now available for Android devices. Those with TD Canada Trust Visa … Read entire article »

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

Growing infrastructure and demand for mobile payments could have an impact on India’s economy

Growing infrastructure and demand for mobile payments could have an impact on India’s economy

Report highlights the beneficial impact that better mobile technology and Internet connectivity will have on the country New mobile payments technology and the expansion of a 4G mobile network will have a major impact on India’s economy this year, according to a new report from Union Budget. India’s mobile infrastructure has been growing at a fast pace, largely due to growing smartphone penetration and the rising demand for mobile Internet access. The expansion of this infrastructure … Read entire article »

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

“Selfie Pay” mobile payments to roll out from MasterCard

“Selfie Pay” mobile payments to roll out from MasterCard

A new form of verification is going to be launched in order to help to ensure transactions are secure. MasterCard has now revealed that it will be using its investments into facial recognition tech as a part of its mobile payments verification systems in order to help to make smartphone based transactions more secure. The goal is to decrease the risk of falsely declined transactions while boosting security when using mobile wallets. Trials of this mobile payments verification … Read entire article »

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

Apple brings mobile payments service to China

Apple brings mobile payments service to China

Apple Pay has launched in China, but may struggle to find success Apple has finally launched its new mobile payments service, called Apple Pay, in China, but the service has received a mixed response among consumers. The Chinese market is quite attractive for companies interested in mobile shopping, largely due to the rapidly growing number of consumers opting to use their smartphones to make purchases online. Apple has been working to break into the Chinese market, … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments