Mobile payments offerings for unbanked demographic established by Mozido

mobile payments technology

The acquisition of PagoVision is expected to solidify the company’s services and solutions. Mozido LLC has announced that it has just made the acquisition of a check cashing and transaction services company called PagoVision, which specializes in its offerings for unbanked customers, which will allow the company to expand its mobile payments services. This will also allow Mozido to strengthen its own links to the unbanked marketplace. Mozido was not new to the industry, as it had already been offering a cloud based mobile payments platform in addition to a…

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Mobile payments system unveiled by Bank of America

Bank of America mobile payments

The financial institution has now launched their new program that is smartphone friendly. An affiliate of Bank of America has just announced that it has developed a mobile payments system for businesses, taking their first major leap into that highly competitive marketplace. The new system will allow companies to accept transactions over smartphones and tablets. The mobile payments system is called “Mobile Pay on Demand” and it gives merchants the opportunity to increase their payment method options by plugging a secure debit and credit card reader into an iPad or…

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Mobile payments service launched by Atom Technologies

Mobile payments platform

The Financial Technologies subsidiary has introduced its new IMPS for merchants. Subsidiary of Financial Technologies in India, Atom Technologies, has unveiled its new Interbank Mobile Payments Service (IMPS), which will give merchants the ability to complete interbank transactions at any time of the day or night using their cell phones. A number of companies have already expressed intentions to use IMPS integration with their operations. Among those that will be adding IMPS operations into their portfolios through the Atom Technologies mobile payments will be Univercell Telecommunications India Private Limited, Reliance…

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Mobile payments use in the United States has doubled


Survey by IDC Financial Insights shows that Americans are embracing smartphone transactions. According to a mobile payments survey conducted by IDC Financial Insights, there has been a doubling in the popularity of transactions completed through smartphones in the United States. The research was conducted in May 2012 and looked into emerging pay method technologies. What it discovered was that 33 percent of respondents had used their devices for mobile payments at least once. It also identified significant growth in the area of prepaid cards. The report on the results indicated…

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