QR Code Press

JPMorgan Chase announces investment into GoPago

02/24/201202/24/2012 Sam Lambert

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…

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

02/24/2012 Julie Campbell

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…

Groupon announces acquisition of Kima Labs

02/22/2012 L. Green

Leading social commerce company, Groupon, has announced its acquisition of Kima Labs, the startup company that produced the Barcode Hero mobile barcode reader app, as well as the TapBuy mobile payment solution. The details of the financial terms relating to this purchase have not yet been released, however, it was confirmed by Kima Labs on the website for Barcode Hero. This was the app that allowed iOS devices by Apple to share their product recommendations through the use of a scanned barcode. It has now already been discontinued due to…

Social networks dip their toes into m-commerce ad money

02/21/2012 Jorge Gonzalez

Square, Facebook, Twitter, and many other social networks are going to be a foundational element for the mobile transactions market, as they make their way into e-sales over mobile devices. It is expected that by 2015, the mobile transactions marketplace will be worth $1 trillion worldwide. Though many forecasters disagree at how quickly mobile payments will take off and how much they will be worth from one year to the next, what is known is that according to comScore data, the holiday season saw a 15 percent increase, reaching over…

Researchers create technology that can turn a credit card on and off

02/20/2012 Stephen Vagus

Mobile security payments online retail card

With news of Google Wallet not being as safe as it should have been, many consumers are expressing concern over adopting mobile commerce. While telecommunications and technology companies are quick to assure consumers that mobile payment applications will be safe in the future, financial institutions are taking these concerns quite seriously. Many credit companies are working to move away from traditional magnetic strips for their payment cards. In an attempt to modernize commerce, these institutions are beginning to adopt NFC technology. They are also looking to researchers from the Pittsburgh…