Target mobile payments will include Apple Pay, contactless cards and beyond

Target Mobile Payments - Target Store

Soon Target customers will have the option to pay with their smartphone using multiple methods. Target mobile payments are set to expand to include Apple Pay, Google Pay, Samsung Pay as well as “contactless cards” from credit card giants Visa, MasterCard, American Express and Discover. Target customers can use both smartphone or compatible wearable devices to make their purchases. One of America’s most popular department store retailers, and the 8th largest in the nation, Target mobile payments were first rolled out in 2017. At the time, the popular wallet feature,…

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The #3 Apple App Store application is an unofficial cryptocurrency wallet

bitcoin apple app store cryptocurrency mobile wallet

A recent report revealed that an unofficial version of the MyEtherWallet.com service was open for iOS device users. According to a recent report from TechCrunch, an unofficial MyEtherWallet.com application is being sold on the Apple App Store for users of iOS based devices. The unofficial version of the popular service comes with a price tag of $4.99 and is already #3 on the store’s list. The iOS app is only a week old and its name has already drawn a very high number of downloaders. The Apple App Store has…

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Mobile payments will have eliminated cash by 2030, report

mobile payments wallet cash

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 time will come for this tech. A new report released by IEEE has looked into several related factors…

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Mobile payments may breach the $1 billion mark in 2013

mobile payments - QR codes

eMarketer has released its predictions for the United States and they are slower than previously expected. Even though the growth of mobile payments that was expected earlier this year is not panning out to be true, the slow increases that are still being made still might allow transactions to top $1 billion in the United States this year if the latest eMarketer data is correct. Though this may seem as though it is an important milestone this year, it is expected to be far greater in 2017. The eMarketer predictions…

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Mobile payments could grow tremendously among underbanked Americans

Mobile Payments

This demographic in the United States is now seen to be a key player in the growth and success of the transactions. Current estimates show that in the United States, there are 68 million people who are considered to be underbanked, and the majority of them are highly familiar with cell phones, which makes them ideal candidates for benefiting from what mobile payments have to offer. This can mean that if the market is able to crack this demographic, it could have the potential for tremendous growth. The primary hurdle…

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Mobile payments are the largest change to retail in a half century

Mobile Payments

Industry experts are calling smartphones the biggest industry revolution since the credit card. When examining the mobile payments world, it is now being said that the revolution it has brought along with it for retail is comparable to that which was seen in 1958 when the first Visa was introduced by Bank of America in the form of the BankAmericard. Smartphones now offer a widespread transaction method that consumers can use on a mainstream basis. Just as credit cards are now vital to today retail marketplace, regardless of the status…

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Amex makes large step into making its digital wallet international

Mobile-Commerce

American Express has announced that it will be making an important move to widen the reach of its digital wallet, Serve, into the international marketplace. This move makes Amex the first credit card company to launch a global partnership for the digital wallet with Lianlian Group, one of the top mobile payments providers in China. Furthermore, American Express has also invested $125 million in equity into Lianlian Pay. The Serve digital wallet is an integration of a number of different types of payment option into one account for the user,…

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Visa unveils plans for a mobile wallet to be released far before Google’s offering

Visa Mobile Payments News

  Visa is entering the mobile commerce arena with its recently unveiled plans to develop a mobile wallet to compete with Google’s offering. Visa, the global payments technology powerhouse, is joining the growing number of tech and financial companies pushing the world toward a cashless society. Visa’s payment platform will make use of NFC technology, as is the norm for such endeavors, but the company seems to have been developing their mobile wallet for some time. Despite only recently revealing their plans to release such a product, Visa has announced…

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Google Wallet claims to be safer than traditional payment methods

Google Wallet

Digital wallets are becoming more popular amongst the tech-savvy. The idea is to store all of your financial data on your smart phone or other mobile device. Using NFC, you can make payments with a wave of your device. The concept seems to have an inherent danger, as anyone could steal the phone like they would steal a credit card. However, several financial and mobile security experts say that digital wallets are actually safer than physical ones. This may be good news for Google as the company begins to release…

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