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NFC technology now supported by Square mobile payments reader

NFC technology now supported by Square mobile payments reader

This allows small business merchants to accept payments from mobile wallets like Apple Pay and Android Pay. While Square had previously allowed mobile payments to happen through the swiping of a credit card through a simple dongle attached to a mobile device, among other means, it has now upgraded to use NFC technology, which will open the door to compatibility with a broad spectrum of different mobile wallet app based transactions. This has considerably changed the environment … Read entire article »

Filed under: Gadgets, Mobile Payments, Near Field Communications

Valyou NFC technology based mobile payments is packing it in

Valyou NFC technology based mobile payments is packing it in

The smartphone based wallet which is headquartered in Norway has now decided to call it quits. The Norwegian mobile payments service called Valyou will now be shutting its doors as its owners, DNB, Telenor and SpareBank1 have agreed that there simply are not enough NFC technology enabled terminals at merchant checkout counters to make the effort worthwhile. The owners have also agreed that other telcos and banks have not offered the support they had expected. The contactless mobile … Read entire article »

Filed under: Mobile Apps, Mobile Payments, Near Field Communications

Mozido to help launch a new mobile commerce platform

Mozido to help launch a new mobile commerce platform

Mozido teams with Telekom Germany to launch MyWallet 2.0 Mozido, a leading provider of payment solutions, has announced that it will be working with Telekom Germany to launch a new mobile wallet platform, called MyWallet 2.0. The mobile wallet is coming from Deutsche Telekom and will support mobile payments and include advertising and loyalty features. The mobile commerce space in Europe is growing quickly, with more consumers using their smartphones and tablets to purchase products. This … Read entire article »

Filed under: International, Mobile Apps, Mobile Commerce, Mobile Payments, Near Field Communications

Apple may see limited success in Hong Kong’s mobile payments market

Apple may see limited success in Hong Kong’s mobile payments market

Hong Kong could be a very challenging market for Apple to find a foothold in Apple is expected to bring its new mobile payments service, called Apple Pay, to Hong Kong next year, but the company may find limited success in that market. The company has been working with several banks in order to make the payment service available to consumers, but these banks see little promise in Apple Pay when compared to other services that … Read entire article »

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

Chase Pay mobile wallet announced by JP Morgan Chase

Chase Pay mobile wallet announced by JP Morgan Chase

This has added yet one more digital payments app to the rapidly growing number in the market. JP Morgan Chase has now added its name to the ever-growing list of different banks and retailers that have created their own mobile wallet in order to compete with more established giants such as Apple, Google and Samsung. The JP Morgan Chase consumer banking arm has now announced the launch of the Chase Pay app. This mobile wallet can be used … Read entire article »

Filed under: Mobile Apps, Mobile Payments, Near Field Communications, QR Codes

Security is playing a larger role in the growth of mobile payments

Security is playing a larger role in the growth of mobile payments

Federal Reserve report shows that mobile commerce is on the rise Mobile payments are finding more support in the United States, but security is still a primary concern for consumers and merchants alike. The Federal Reserve has released a new report that highlights this issue, as well as the growth of mobile commerce support throughout the country. For many consumers, security has been a major hurdle that has barred their participation in mobile commerce. This is … Read entire article »

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

Swatch to bring smartwatch to China to support mobile payments

Swatch to bring smartwatch to China to support mobile payments

Swatch set to break into China’s mobile commerce market with wearable technology Swiss watchmaker Swatch has plans to bring its smartwatch to China, where it will support mobile payments. The watch, called Swatch Bellamy, is designed with mobile commerce in mind and will allow consumers to make purchases at various stores in the country. Swatch is currently working with banking groups in China to expand the acceptance of the platform, allowing more consumers to make use … Read entire article »

Filed under: Gadgets, International, Mobile Commerce, Mobile Payments, Near Field Communications, Technology News

Samsung wants mobile payments to be more versatile

Samsung wants mobile payments to be more versatile

Samsung Pay is working to better compete with other companies Samsung is gearing up to launch its own mobile payments service in the coming months, but it will have to find new ways to compete in mobile markets if it wants to find success. As such, Samsung is working to make its new payments service more versatile in order to ensure that it can provide optimal services to consumers. Recently, Samsung announced its partnership with Gemalto, … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Payments, Near Field Communications

Google launches its new mobile payments service

Google launches its new mobile payments service

Google has officially launched Android Pay Google is taking another swing at mobile payments with the launch of its Android Pay platform. The new platform has been officially launched in the United States and is designed to work alongside Google Wallet, which is the company’s initial foray into the mobile commerce scene. Google has worked with various organizations to ensure that its mobile payments service will be as widespread as possible. Currently, Android Pay is accepted … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Payments

Mobile commerce market is growing quickly throughout the world

Mobile commerce market is growing quickly throughout the world

IDC predicts that mobile commerce transactions will grow significantly in the near future Market research firm IDC has predicted that the world will see a dramatic increase in mobile commerce transactions in the coming years, with the Asia Pacific region leading the way in terms of growth. throughout Asia, mobile commerce has been growing at a rapid rate, particularly in China where retailers are beginning to place more emphasis on mobile consumers. Expanding mobile Internet networks … Read entire article »

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

NFC technology lets Android users collect Greggs loyalty rewards

NFC technology lets Android users collect Greggs loyalty rewards

The company’s app gives its users the chance to tap their smartphones at the point of sale for rewards. Greggs, a very popular bakery in the United Kingdom, has now updated its mobile app to function with the NFC technology in certain Android smartphones so that customers can collect and redeem loyalty rewards at the checkout counter. This mobile app update makes it possible for the entire process to take no longer than a tap at the … Read entire article »

Filed under: Mobile Apps, Near Field Communications

Mobile payments to go mainstream by 2020

Mobile payments to go mainstream by 2020

Report predicts the mainstream success of mobile payments Mobile payments are expected to become a mainstream phenomenon by 2020, according to a new report from Compass Plus. The number of consumers that are engaging in mobile commerce is growing daily, with more people having access to NFC-enabled mobile devices than ever before. Banks and retailers are becoming engrossed in mobile payments, launching new services and looking to support mobile consumers in a more dynamic way than … Read entire article »

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