A recent online survey revealed that consumers in the United States feel that cryptocurrency is safer. According to a recent survey of 1,400 online American customers, people are more comfortable with digital currencies such as Bitcoin than they are with mobile wallets and other types of payment app. The results of the poll were reported in the 2015 Future of Retail study by Walker Sands. The respondents to the survey were asked to rate the method of payments that they feel are the most secure. The majority of people who…
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Mobile payments security continues to be a major issue
Mobile wallets continue to gain momentum Mobile wallets are becoming more common as a growing number of consumers begin to rely on their smartphones and other devices to pay for products. These applications are designed to store information provided by retailers and other businesses, making it easier for consumers to make mobile transactions. The issue, however, is that mobile commerce is becoming an attractive target for malicious groups that want to exploit consumer financial information. According to a recent survey from LexisNexis Risk Solutions, attacks on mobile payments platforms are…
Read MoreA Change of Pace: Four Online Payment Alternatives to Paypal
Mobile and online payment alternatives… Americans spent more than $2.25 billion online on the two shopping days known as Black Friday and Cyber Monday alone, according to ComScore. The market analysis company also found Americans spent $43.2 billion total online in Q2 2012. These numbers were music to the cyber-ears of electronic payment processor Paypal, one of the more popular payment processors on the web. But there are many people out there who simply dislike Paypal because of its success, its policies, or both. Thankfully there are several alternatives merchants and…
Read MoreMobile commerce application from Zoompass purchased by Paymobile
The acquisition is expected to have been made in order to broaden smartphone payments positions. Paymobile Inc., a mobile commerce company based in Toronto, Canada, and which also specializes in financial services technology, has just acquired Zoompass, to add to its broad range of virtual and open loop prepaid card programs. Zoompass is a service that was first launched by EnStream in 2009. It was designed as a smartphone and tablet based, payment service with stored value, and which also included links of companion contactless payment cards to matched accounts.…
Read MoreLatest mobile trends lead to development of seamless money exchange app
New application allows smartphone users to easily split checks. Social network, Venmo, has come up with a cutting edge solution that fits beautifully with the latest mobile trends for making payments and other forms of transactions using smartphones. It is designed to eliminate the frustrating problem that can occur among friends when a bill must be split. Traditionally, one person has to pay for the item – such as a meal at a restaurant or a wedding gift – and then the other individual(s) must make an effort to…
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