Japan Bank Consortium looks to Ripple app mobile payments

Ripple App - Image of Mobile User with iPhone

The cryptocurrency has been attracting considerable financial sector attention and is set to explode. The Ripple app is taking the spotlight in front of the massive Japan Bank Consortium. The cryptocurrency has been drawing considerable global financial sector attention. The company behind it is developing a unique method of streamlining cross-border transactions. Many feel the Ripple app could turn the banking industry on its head. The Japanese bank consortium is looking to get in early to adequately revamp to keep up. The new mobile app recently launched in the country.…

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QR code based payments next up for Japanese banking coalition

QR code based payments - Yen symbol

A new quick response code system for mobile transactions will be ready by the end of March. A Japanese megabank coalition is moving forward with a new QR code based payments system. The system will be ready by the end of March. That said, the whole thing won’t roll out until the 2019 fiscal year. The coalition is composed of three very large and powerful banks headquartered in the country. The three banks making up the coalition are Sumitomo Mitsui Financial Group, Mizuho Financial Group, and Mitsubishi UFJ Financial Group.…

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Temple in Thailand new receives QR code donations

Thailand temple qr code donations

Wat Samrong Tai has made it possible for visitors to use mobile payments to make donations. A temple called Wat Samrong Tai in Thailand’s Phra Pradaeng district is using QR code donations to make it easier for visitors to give in an increasingly cashless society. The temple has created a payment transaction point that involves scanning quick response codes. The QR code donations are processed by way of the PromptPay system. That mobile payments system is promoted by the Thai government itself. The goal is to help to make it…

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Starbucks cashless store rolls out, pushing mobile payments further

Starbucks cashless store Mobile Marketing

The coffee chain has been among the top performers in American smartphone based transactions. A new Starbucks cashless store pilot is rolling out in the United States. The Seattle based café chain has chosen its home town to try out a new concept that rejects cash in favor of mobile payments and plastic card based transactions. The downtown Seattle store will accept only mobile payments, credit cards and debit cards. The Starbucks cashless store pilot has already generated some mixed reviews among customers. While some find that it is a…

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New Shell QR code makes it easier to pay for gas

gas station Shell QR code

Customers using the stations in Thailand can scan quick response codes for a cashless fueling experience. The Shell Company of Thailand (SCOT) recently held a press event in which it announced its new Shell QR code, allowing consumers to fuel up without the need for cash. This represents the first time this type of mobile payments service has rolled out in the country’s gas stations. The press event came with a “Making Life’s Journey Better with Cashless Stations” theme. At the event, the company told the press that its Shell…

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Alphabet streamlines its mobile wallet app for improved offering

google browser texting

Android Pay and Google Wallet will soon be combined into a single Google Pay service. Alphabet Inc. has announced that its mobile wallet app offerings will soon be streamlined into a single service. It will be bringing its Android Pay and Google Wallet into a single brand, which it will call Google Pay. The goal is to make it easier for users to make mobile payments using information saved into their Google Account. “With Google Pay, it’ll be easier for you to use the payment information saved to your Google…

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Chinese mobile payments taking off as country moves toward cashlessness

Chinese mobile payments

A growing number of cities throughout the nation are accepting smartphone transactions for public transit. Chinese mobile payments are becoming increasingly valuable as residents, merchants and services adopt its use on a rising basis. During the quarter running from July through September 2017, their value tripled. Alipay and WeChat Pay use has been spreading like wildfire throughout Chinese cities. Consumers are using these Chinese mobile payments apps to pay for products, services, tickets and even high yield financial products. During that same quarter, the transactions in the country totaled an…

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QR code payment fraud in China’s radar with new caps

china QR code payment fraud globe

As popular as the mobile transactions may be, the country’s central bank is issuing new security regulations. China’s central bank is rolling out new regulations to help prevent QR code payment fraud. Quick response codes have become exceptionally popular in the country but have exposed consumers to fraudulent activities from criminals. Some of the most popular mobile payments apps in China currently use the barcodes to complete transactions. Both WeChat and Alibaba’s AliPay – two of the largest mobile payments apps in the country – use QR code payment technology…

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Court lets individuals scan QR codes to pay their fines

scan qr codes judge court

The court in Jiangsu, China is using quick response codes to collect from people who have been avoiding payment. A court in the eastern province of Jiangsu, China has made it possible for people to scan QR codes to pay their fines. The strategy is meant to make it easier for individuals to pay by way of their smartphones. The court sees this strategy as an effective way to collect on fines due from those reluctant to pay. All people need to do to pay their outstanding fines and dues…

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Octopus QR code launches in Hong Kong for taxi mobile payments

taxi Octopus qr code tracking

The digital transaction operator’s goal is to encourage cabbies and passengers to stop using cash. A new Octopus QR code service is rolling out in Hong Kong to make it easier for the 40,000 taxi drivers throughout the city to accept mobile payments instead of cash. So far, the reception from cabbies hasn’t been all that enthusiastic as they want greater incentives. Taxi drivers see the potential of the Octopus QR code, but are hoping to be given greater incentives to start using it. They also want a boost in…

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Black Friday sees lower online retail card fraud figures

Mobile security payments online retail card

E-commerce and mobile security held strong to protect online retailers and consumers this year. Both consumers and retailers were breathing more easily on Black Friday as online retail card fraud instances decreased this year over previous years. This represents the first time in several years that there was a drop, not an increase in e- and m-commerce card fraud. The fraudulent online retail card figures didn’t just fall slightly. Instead, it plummeted to 42 percent over the holiday weekend and most important shopping weekend of the year (November 24 through…

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