Starbucks cashless store rolls out, pushing mobile payments further

Starbucks cashless store Mobile Marketing

The coffee chain has been among the top performers in American smartphone based transactions. A new Starbucks cashless store pilot is rolling out in the United States. The Seattle based café chain has chosen its home town to try out a new concept that rejects cash in favor of mobile payments and plastic card based transactions. The downtown Seattle store will accept only mobile payments, credit cards and debit cards. The Starbucks cashless store pilot has already generated some mixed reviews among customers. While some find that it is a…

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JPMorgan Chase enters into new Kroger mobile payments deal

JPMorgan Chase tower - Kroger mobile payments

The Chase Pay mobile wallet will soon be entering the largest American supermarket chain. Kroger mobile payments will soon become an option for customers at the massive U.S. grocery store chain by way of a new deal with JPMorgan. The reason is that the supermarket has agreed to start accepting the bank’s mobile wallet, Chase Pay starting next year. The announcement of the mobile payment agreement was made jointly by both companies. The Chase Pay wallet will start being available for Kroger mobile payments at the start of next year.…

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Did restaurant mobile payments become mainstream this year?

restaurant mobile payments qr codes

According to First Data Corp, smartphone based transactions hit a tipping point with a 75 percent growth rate. Following an exceptionally slow rate of adoption over the last few years, restaurant mobile payments are finally starting to catch on, particularly in the quick service industry. This year saw an impressive growth rate and it is expected to continue in this strong and positive direction. Payment technology company, First Data Corp, reported a massive rise in smartphone transactions. Quick service restaurant mobile payments were especially high performers, according to the firm’s…

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PayPal rolls out Venmo mobile payments across the United States

paypal venmo mobile payments

Millions of American retailers can now accept transactions through the system using the mobile web. This week, PayPal announced that over 2 million American retailers will soon be accepting Venmo mobile payments as a checkout option. This system is launching across the United States and reflects PayPal’s growing partnership with Venmo. The Venmo mobile payments checkout option will soon become available at any U.S. location that PayPal is accepted. Businesses with Venmo will be able to accept the transactions by way of the Braintree platform. This allows Venmo customers to…

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QR code transactions grew by 400 percent this year, says MobiKwik

wallet qr code transactions mobile payments

The quick response code usage growth rate is credited to the ease of barcode deployment and scanning. MobiKwik, a large mobile wallet provider in India, has announced that QR code transactions have grown by 400 percent throughout 2017, so far. The company credits the simplicity of quick response code deployment and use for the rapid growth rate. The mobile wallet company has launched its services throughout India based on QR codes. “QR codes will drive digital payments in India and major use cases such as milk, grocery and small mom…

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Will mobile payment technology be the end of ATMs?

ATM mobile payment technology

The automated teller machine turns 50 years old in 2017 but some think its days might be numbered. The automated teller machine (ATM) turned 50 this year, but with mobile payment technology gaining ground, many wonder how long the older tech will last. Though these cash dispensing machines were once regular stops in consumers’ lives, their importance is fading. The first ATM was installed in north London at the Enfield Town location of Barclays Bank. The first customer to actually use one of these machines was Reg Varney, an actor…

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Cool QR codes make for cashless carwashes

cool qr codes carwash

A Canadian company providing self-serve wash bays has used quick response codes as an alternative to tokens. A new system of cool QR codes makes it possible for drivers to wash their cars without the need for exact change. At Valet Car Wash in Cambridge, Canada, customers previously needed to use change to buy tokens. While they can still use cash to use the self-service carwash, they now have the choice to use smartphones, too. The quick response codes were chosen due to the ease and affordability of their generation…

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Consumers in mature markets are embracing mobile payments more aggressively

QR Codes Television smart TV mobile payments

Half of all consumers may opt to use their mobile devices to purchase products by 2018 Half of all consumers in mature markets are expected to be using their smartphones and wearable devices to make mobile payments by 2018, according to a new report from Gartner. Innovation in mobile applications and services will likely have a major impact on traditional business models, forcing merchants to take steps to better engage mobile consumers. More consumers are beginning to use their devices for productivity and entertainment, a trend that is creating new…

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Mobile payments are becoming a hit with restaurants and diners

Restaurants using QR codes mobile payments

Companies and brands are discovering a range of ways to appeal to their customers over their favorite devices. While mobile payments technology has taken longer to gain consumer acceptance than had been anticipated by many, and there have been some serious challenges that have arisen and that continue to need to be addressed, there are certain industries in which this tech has started to make some serious headway, and among them is the restaurant marketplace. Smartphone based transactions can provide customers greater convenience and speed in this environment. This has…

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Mobile payments could suffer from liability shift and confusion

Mobile Payments question confusion

Liability is beginning to shift away from consumers and on to companies As mobile payments become more prominent, liability is beginning to shift. Liability shift places the burden of fraudulent payments on merchants and banks that are not making use of new technology and security standards. Previously, such liability had been placed on the consumer or, more accurately, those conducting fraudulent charges. Because fraud in the mobile payments space can be difficult to track down, merchants and financial institutions are now being held responsible for their lack of security. Companies…

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Mobile payments security continues to be a major issue

Mobile commerce growth global world

Mobile wallets continue to gain momentum Mobile wallets are becoming more common as a growing  number of consumers begin to rely on their smartphones and other devices to pay for products. These applications are designed to store information provided by retailers and other businesses, making it easier for consumers to make mobile transactions. The issue, however, is that mobile commerce is becoming an attractive target for malicious groups that want to exploit consumer financial information. According to a recent survey from LexisNexis Risk Solutions, attacks on mobile payments platforms are…

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