Finance industry data showed that the growth of this tech’s use is returning to pre-pandemic trends. Contactless payments make up a substantial portion of the transactions taking place in the United Kingdom as growth trends return to patterns closer to where they were in pre-pandemic times. The use of cash continues to be on the decline as people look to tap cards and mobile transactions. This, according to the UK payment markets 2022 report published by UK Finance, documenting the changes in transaction methods used by consumers throughout the last…
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Isis mobile commerce network includes MasterCard, Visa, Amex and Discover
Isis, the joint venture mobile commerce network established by AT&T, Verizon Wireless, and T-Mobile USA, has recently announced that MasterCard, Visa, American Express, and Discover have all officially signed on to the network. Isis stated that this addition will offer considerably greater options and convenience for payments made by mobile subscribers, while it also helps to build the new network’s ability to utilize payment terminals that are already established in many retail locations across the United States. The creation of Isis was initially announced by the telecommunications companies at the…
Read MoreTechnology companies prepare for upcoming m-commerce explosion
Mobile commerce technologies from near field communications (NFC) to digital wallets, pitch targeting, and location-based marketing are all on the cusp of taking off, and leaders in mobile web services, such as Google, are bracing themselves for impact. Customers are already capable of shopping without the use of their credit cards as long as they swipe their mobile device over a special point of sale reader. Though this is not yet available everywhere, it is about to become much more common and it is expected to do so very quickly.…
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