mobile payment transactions Archives

Survey finds that 70% of Irish consumers abandon mobile payment transactions

12/12/201812/12/2018 Jesse Collins

Consumers in Ireland are not keen on making payments via mobile if the process is too difficult. New research from Elavon, a global payments expert, reveals that mobile payment transactions are abandoned by over two-thirds of mobile consumers in Ireland, when these consumers find the mobile payments process to be too tedious and difficult. Several aspects of mobile transaction processes frustrated online shoppers. Elavon’s mobile shopping experience study, which involved 1,000 adult mobile shoppers in Ireland, noted that there were primary sources of frustration that lead to mobile users abandoning…

JPMorgan Chase enters into new Kroger mobile payments deal

12/15/201712/13/2017 Stephanie Beck

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.…

Did restaurant mobile payments become mainstream this year?

12/12/201712/09/2017 L. Green

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…

Consumers are increasingly aware of mobile payments, but aren’t using them

10/22/201510/21/2015 Julie Campbell

A new study from Accenture has shown that awareness isn’t necessarily the main barrier to adoption. Until now, the primary barrier to adoption of mobile payments has been considered to be a lack of awareness among the majority of the population, but according to the results of a recent study, people are starting to learn about this technology – they’re just choosing not to use it. In North America, awareness of smartphone payments has reached the majority of people. A report on the study by Accenture has shown that over…

Mobile payments encourage better tipping

07/03/201507/01/2015 Julie Campbell

Wait staff in restaurants are discovering that there are unexpected benefits to smartphone wallet apps. Over the next few years, it is believed that mobile payments will be taking off and that people will be using their smartphones in place of plastic cards to pay for everything from purchases in stores to meals at restaurants. Along with this overall shift in payment methods will also come a range of additional unexpected trends. So far, one type of trend that has been identified as a part of the transition toward mobile…