Tag: mobile payment application

Retail Sales to experience boost from QR codes and image recognition technology

Jorge Gonzalez
QR Code Statistics

Mobile Money Network (MMN) has announced the release of its first QR code and fully transactional image recognition service within its Simply Tap instant mobile checkout. The introduction of the service is beginning alongside a Thorntons promotion that uses outdoor advertising. A number of posters are being displayed in various locations around central London, featuring an Easter egg that permits users of Simply Tap to give the technology a try and to purchase one of a number of different Easter eggs for a penny each. Sipmly Tap is MMN’s instant…

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VeriFone announces release of new PAYMEDIA Universal Acceptance Platform

Jennifer Goula
Mobile-Commerce

VeriFone Systems, Inc. has unveiled their new PAYMEDIA Universal Acceptance Platform (UAP), which is designed to offer a full service and software suite which will give mobile network operators (MNOs) the ability to manage the acceptance of mobile wallets at merchant systems. PAYMEDIA UAP was developed to complete the circuit between merchants and mobile wallet providers, so that they have everything that is necessary for providing customers with advanced mobile couponing, promotions, and mobile payment apps. It makes certain that that the transactions from all types of mobile wallet will…

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JPMorgan Chase announces investment into GoPago

Sam Lambert
Mobile Payments

JPMorgan Chase & Company has announced that it has made an investment into mobile payments technology, with the emerging provider, GoPago, Inc. GoPago is the developer of a smartphone app that is available to consumers for free, and allows them to find products and services, put them into their shopping cart, and then make their purchase. The investment has been made by purchasing Series A preferred stock from GoPago, which will provide the company’s intentions to expand with the support it needs so that it can reach into the mobile…

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Study shows that by 2018, use of mobile photo bill pay in U.S. may reach 33 percent

Julie Campbell
Mobile Photo Pay

Mobile imaging solutions leader, Mitek Systems, has announced a new AlixPartners, LLP., research paper entitled “Consumer Market Outlook for Mobile Photo Bill Pay”, which looked into the latest payment market trends and which predicted that the use of mobile photo bill pay may reach 33 percent among American consumers by 2018. If this is the case, then it could mean that by that year, mobile payment channels would receive the migration of 1.4 billion bills. Mobile photo bill pay (MPBP) is a form of mobile banking app that is based…

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