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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Braintree sees a bright future ahead for mobile payments

mobile technology payments money

Braintree predicts that mobile commerce will evolve quickly over next few years Braintree, a leading mobile payments service provider, believes that mobile commerce will change dramatically over the next few years. Mobile commerce is still a relatively new concept, but it has risen to prominent is a short amount of time. Consumers have shown a great deal of interest in mobile payments because of its convenience, and the number of people participating in these payments is growing on a seemingly daily basis. Braintree believes that mobile commerce will evolve rather…

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Mobile payments will make up only 1 percent of US transactions by 2019

two hands mobile payments

Consumers will still be using their plastic credit and debit cards the vast majority of the time in 5 years from now. The release of Apple Pay has caused many people to think that this is the point at which mobile payments will be taking off, but a recent report has suggested that by 2019, these smartphone based transactions will still make up only 1 percent of all consumer spending in the United States. Many feel that the growth of Apple Pay is restricted as it does not share spending…

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