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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A Change of Pace: Four Online Payment Alternatives to Paypal

Mobile and online payment alternatives… Americans spent more than $2.25 billion online on the two shopping days known as Black Friday and Cyber Monday alone, according to ComScore. The market analysis company also found Americans spent $43.2 billion total online in Q2 2012. These numbers were music to the cyber-ears of electronic payment processor Paypal, one of the more popular payment processors on the web. But there are many people out there who simply dislike Paypal because of its success, its policies, or both. Thankfully there are several alternatives merchants and…

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Mobile commerce application from Zoompass purchased by Paymobile

mobile commerce app popularity - zoompass example

The acquisition is expected to have been made in order to broaden smartphone payments positions. Paymobile Inc., a mobile commerce company based in Toronto, Canada, and which also specializes in financial services technology, has just acquired Zoompass, to add to its broad range of virtual and open loop prepaid card programs. Zoompass is a service that was first launched by EnStream in 2009. It was designed as a smartphone and tablet based, payment service with stored value, and which also included links of companion contactless payment cards to matched accounts.…

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Latest mobile trends lead to development of seamless money exchange app

Mobile Money Exchange App - Venmo

  New application allows smartphone users to easily split checks. Social network, Venmo, has come up with a cutting edge solution that fits beautifully with the latest mobile trends for making payments and other forms of transactions using smartphones. It is designed to eliminate the frustrating problem that can occur among friends when a bill must be split. Traditionally, one person has to pay for the item – such as a meal at a restaurant or a wedding gift – and then the other individual(s) must make an effort to…

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Digital Dining announces new Tabbedout mobile payment solution for merchants

mobile marketing on tablets

Merchants can now offer Tabbedout mobile payments from Digital Dining to consumers who want to pay with their smartphones. Top hospitality point of sale (POS) software developer, Digital Dining, has announced that it will be adding Tabbedout – a free mobile payment application – to their portfolio of products before the end of 2012’s second quarter. Tabbedout allows consumers to use their smartphones to open, view, and pay their bills. Its availability will mean that a broader segment of the hospitality industry in the United States will be able to…

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