Mobile payments could nearly eliminate the need for plastic cards

Mobile payments credit cards

Accenture Payment Services managing director Matthew Friend predicts that cards will go the way of the eight-track. The managing director of Accenture Payment Services, Matthew Friend, has published an article in Forbes that has predicted that the adoption of mobile payments could eventually make the use of ATM and credit cards nearly obsolete. If it were up to many retailers, credit card companies, and other financial institutions, smartphones would be the new plastic. There are many major players that are currently vying for dominance in the mobile payments market, ranging…

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Mobile payments service launched by Sionic for national retailers

mobile payments technology

The system has been compared to what is currently available at Starbucks for purchase transactions and loyalty rewards. Sionic has just announced that its Sionic Ion Rewards app will now allow consumers to be able to make mobile payments for purchases in a way that is comparable to the successful method used by Starbucks. The massive coffee chain uses its smartphone app and prepaid cards to allow consumers to buy. The café’s shops receive approximately 3 million mobile payments every week, according to its own statistics. It has predicted that…

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Mobile payments for micro businesses dumped by Verifone

small business verifone mobile payments

The CEO of VeriFone has announced a withdrawal from direct-to-micromerchant services. VeriFone took the mobile payments industry off guard when its CEO released the surprising news that it would no longer be pursuing direct-to-micromerchant and would be selling off that part of its business. It explained that its Sail service has been unprofitable and that it would no longer be continued. The mcommerce news was released by Doug Bergeron, the VeriFone company CEO. After a year of heavy promotions of all of the company’s mobile payments services for tablets and…

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