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Mobile payments set to skyrocket in the US

05/27/201505/27/2015 Stephen Vagus

Report predicts the promising future of mobile payments BI Intelligence has released a new report concerning the growth of mobile payments in the United States. The ability to make payments with mobile devices is becoming a very powerful force in the retail space. Consumers have long had the capability to shop for and purchase products online over the Internet using a mobile device, but these devices are also beginning to be used for in-store transactions. Companies like Apple, Samsung, Google, and PayPal are expected to lead growth in the mobile…

Line launches mobile payments service globally

12/31/201412/29/2014 Stephen Vagus

Line has successfully updated its application to support mobile transactions Line, a popular messaging application, has launched its mobile payments system to all users around the world. The company has taken its first significant step into the mobile commerce space, which it has been showing interest in for some time now. This puts Line into direct competition with companies like PayPal, Apple, Google, and Alibaba, all of whom have their own mobile payment services that are available to consumers. Developers of messaging apps are turning their services into mobile commerce…

Mobile payments from Square slowing down at Starbucks

03/28/201303/27/2013 Jorge Gonzalez

The smartphone wallet program is not growing at the same rate that it had once enjoyed. According to the latest reports that have been published, the mobile payments system from Square is starting to lose steam at the massive Starbucks coffee chain, which has always been recognized for considerable smartphone transaction successes. There appear to be some issues that are getting in the way of usage of the transactions. Among the primary reported struggles for this mobile payments program is that baristas at Starbucks are struggling to complete some of…

Total mobile payments from PayPal reach almost $4 billion last year

01/12/201201/12/2012 Jorge Gonzalez

Paypal Mobile Payments wearable technology

The totals for the mobile payments in 2011 are in, and PayPal saw nearly $4 billion that year alone, which is an exponential growth from what it had seen the year, when sales totaled $750 million. These figures were released by David Marcus, the mobile vice president at PayPal, whose numbers created an even bigger perspective about the success of mobile payments by the company when compared to 2009, when they totaled only $141 million. According to Marcus, the initial expectations of PayPal were that 2011 would bring in $1.5…

No NFC mobile payment platforms

05/05/201105/05/2011 Sam Lambert

More big name companies are making their way into the realm of mobile payments and point-of-sale (mobile) transactions. As a flurry of companies jumps into the ring to become the leader in mobile payment commerce, other companies get on board to get their share too. In a bold move to do something a little different, PayPal bought mobile payments start up Fig Card. PayPal is an e-commerce business that allows online payments and money transfers. Fig Card doesn’t need NFC chips; it works for the customer by downloading a…