Snapchat to shut down in-app mobile payments service

Snapchat in-app mobile payments sevice Snapcash to shut down - Snapchat on mobile

The closure of Snapcash has been confirmed by Snapchat. The in-app mobile payments service, Snapcash, offered through social media network Snapchat, will soon no longer be available. Some speculate the closure of the mobile payments service is due to it becoming more of a liability for the company than a utility. Snapcash was being used as a method to pay for private adult content over Snapchat. Although the reason behind shutting down the in-app mobile payments feature has yet to be disclosed, TechCrunch speculates that it may be due to…

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Square bets on EMV standards improving the mobile payments space

Square Inc. mobile payments nfc technology

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can be used to process mobile transactions. New standards may speed up mobile transactions According…

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Square mobile payments have now launched in Australia

Square Inc. mobile payments nfc technology

The smartphone based transaction company has now launched its services into a fourth marketplace. Square has now launched its mobile payments services into its fourth marketplace, as it has stepped into Australia, giving small businesses in that country the opportunity to use their smartphones and tablets as credit card reading point of sale devices. The other countries in which the service is available include the United States, Japan and Canada. This announcement arrived nearly immediately before Square was to make the announcement of its first earnings report since the mobile…

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NFC technology now supported by Square mobile payments reader

Square Inc. mobile payments nfc technology

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 when compared to the company’s original model. The new dongle that is NFC…

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Starbucks to end partnership with leading mobile payments firm

Starbucks Mobile Payments App

Starbucks and Square will no longer be working together in the mobile commerce space Starbucks has become a major leader in the mobile payments space. The company has managed to find success in the mobile market with the help of Square, a mobile commerce specialist. The two companies first began working with one another in 2012, when Starbucks began using the mobile payment services offered by Square. While the two companies have managed to find success in working with one another, their partnership is set to come to an end.…

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Starbucks mobile payments are breaking up with Square

Starbucks mobile payments popularity

The relationship started in 2012, but comments from both companies have indicated that the partnership is ending. The mobile payments partnership that brought Square to Starbucks back in 2012 has now been announced to be coming to an end, according to statements that have been released by both of those companies. This has been only one of the changes that have occurred since Square announced the retirement of its Wallet. When the Square Wallet app was first launched, Starbucks became a key partner in its efforts to encourage adoption. The…

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Amazon launches a new mobile commerce service

Amazon mobile commerce

Local Register aims to promote mobile commerce among retailers Amazon has a strong interest in mobile commerce, but the company is not only keen to support mobile shopping in the digital space. Amazon has begun offering a new mobile-centric service that will allow merchants in the physical world to accept payments made from a mobile device. The service is called Local Register and is designed to compete with similar services being offered by PayPal and Square. The service may help Amazon further establish a strong position in the mobile commerce…

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Tim Hotrons embraces mobile payments

Tim Hortons augmented reality game

Tim Hortons prepares to launch mobile payments initiative in US and Canada Tim Hortons has announced that it will begin accepting mobile payments at all of its locations in Canada and the U.S. The famed company is set to launch a mobile payments pilot project in December of this year, which will test the capabilities of the TimmyMe application. The app allows consumers to make payments from their mobile devices and is available for iOS, Android, and BlackBerry platforms. Tim Hortons is the latest in a growing number of restaurant…

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The mobile payments revolution is stalling

Mobile Payments trends

Mobile commerce proves to be a difficult market to understand Mobile commerce may be growing more popular, but mobile money has yet to become revolutionary. Over the past few years, society has become more reliant on mobile technology. People around the world are using their mobile devices more frequently in their daily lives, using these devices to communicate, access the Internet, and shop online. While mobile shopping is gaining ground with people throughout the world, mobile payments have yet to become the revolution that many people believe it is. Consumers…

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Mobile wallet taken down by Square

Square Inc. mobile payments nfc technology

That said, the company has not given up on mobile payments and intends to try again with a new app. Square has announced that it is giving up on its mobile wallet app and that it is taking the app down because it simply didn’t catch on among consumers, despite the fact that it was first introduced back in 2011. The app was designed to help local merchants to offer a fast and easy mobile payments solution to customers. However, even among the merchants that did adopt the use of…

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Mobile payments “success” story, Square, in sale talks

Square Inc. mobile payments nfc technology

As the struggles that are faced by the company continue to grow, discussions of acquisitions grow. Square has been seen as a startup that has everything it takes to succeed, and while it has achieved international adoption and is among the most widely recognized brands in the mobile payments industry, it has been facing a rising number of struggles and there are now talks that acquisition could be in its future. The problem is that its cash is continuing to shrink while its losses continue to broaden. Reports are now…

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