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Mobile payments are just getting started, says Tim Cook

Mobile payments are just getting started, says Tim Cook

The Apple CEO was quoted to say that the technology and its use is still “in its infancy”. CEO of Apple, Tim Cook, has revealed that while he does see a future for mobile payments, its current status remains an immature market, which has led many in the technology industry to believe that his company is not planning to make any considerable moves into that sector within the near future. The CEO feels that the market is … Read entire article »

Filed under: Commercial, Mobile Commerce, Mobile Payments, Near Field Communications, Trends

Mobile payments could be Amazon’s next big step

Mobile payments could be Amazon’s next big step

A new solution may be introduced by the internet retailer according to recent filings made by the company. Though nothing official has been announced just yet, the mobile payments industry believes that Amazon is preparing to release its own platform that will offer a solution similar to GoPayment, PayAnywhere, or Square. This assumption has been made based on recent official filings that have been made by Amazon. The filing that has drawn the attention of the mobile payments … Read entire article »

Filed under: Commercial, Mobile Commerce, Mobile Payments, United States

Mobile payments drive in retail sector outlined by eBay

Mobile payments drive in retail sector outlined by eBay

The massive online marketplace has ambitious intentions for testing the use of its services. eBay has now announced its intentions to put considerable testing into place in order to measure the behaviors of consumers who use its mobile payments services while they are in stores and restaurants throughout 2013. This is because its plans include the doubling of the current size of its PayPal business. According to the chief executive of eBay, John Donahoe, “Mobile is becoming the … Read entire article »

Filed under: Commercial, Mobile Commerce, Mobile Payments, Trends

Mobile payments may be waiting for iPhones before they take off

Mobile payments may be waiting for iPhones before they take off

Industry experts think that the market may not fulfill its potential until Apple fully joins in. Although it is expected that 2012 will have seen an increase of 70 percent in the mobile payments marketplace by its close, it is also believed that the rate of growth will be significantly higher when Apple makes its way into the mix. By the year 2016, it is predicted that the global volume will have reached over 400 million. New players … Read entire article »

Filed under: International, Mobile Commerce, Mobile Commerce Security, Mobile Payments, Trends, United States

Understanding mobile loyalty platforms that are transactional

Understanding mobile loyalty platforms that are transactional

There are many different types of transactional mobile loyalty platforms and, like the old punch card and plastic cards with the magnetic stripe, each of these new programs designed for mobile devices has their own benefits and drawbacks. Consider the following types of mobile loyalty platforms that are of a transactional nature: • Optical character recognition (OCR) mobile loyalty platforms To take advantage of these platforms, consumers must download a dedicated app into their smartphones and snap the … Read entire article »

Filed under: Featured News, Mobile Commerce, Mobile Marketing, Mobile Payments, Near Field Communications, QR Codes

Is NFC necessary for secure mobile payments?

Is NFC necessary for secure mobile payments?

Or will other technology swoop in on the mobile payments market… When the topic is mobile payments, Google is quick to come to the forefront of a discussion, but as that company’s Google Wallet has been slower to catch on than some had predicted, and it is based on NFC technology, which isn’t yet available in the majority of smartphones, many are wondering whether near field communications technology is truly necessary for secure contactless payments to … Read entire article »

Filed under: Featured News, Mobile Commerce, Mobile Payments, Near Field Communications