QR Code Press

QR codes to be central to new mobile payment service

10/01/2012 Julie Campbell

qr codes used in mobile payment systems by banks

Bank of America will be using the barcodes as a part of a test program. The most recent step into the mobile payments wave is Bank of America, as it tests the use of QR codes that will permit customers to use their smartphones in order to complete transactions. This service will be available through iPhones and Android smartphones to make payments. The technology that is being tested by the bank was created by Paydiant, a growing name in the mobile payments industry. The solution that was chosen involves the…

Prizm Payments to develop new mobile commerce service

07/12/201207/12/2012 John Montgallo

Indian consumers to gain access to mobile commerce Prizm Payments, one of India’s fastest growing commerce companies, is looking for ways to make mobile commerce more accessible to a wider audience and not exclusive to those with NFC-enabled smart phones. Mobile commerce has been growing in popularity in the country, which boasts of more than 670 million mobile subscribers. Many of these consumers do not own an NFC-enabled mobile device, however, which has limited the impact of the growing mobile commerce industry. Prizm hopes to remedy this problem with a…

European Commission launches lengthy probe into cell phone operators’ mobile payment service bid

04/16/201204/16/2012 Julie Campbell

The European Commission has announced its decision to launch an extensive antitrust investigation – which will probably continue until the end of August – into the joint mobile payment venture of the largest mobile phone operators in Britain. This probe is in response to concerns that had been raised over its ability to hold back innovation. It is believed that the investigation will deal a sizeable blow to the hopes of the operators to gain rapid approval and adoption for its advertising and mobile payment systems which had been labeled…

Bump Pay app allows smartphone owners to exchange funds

04/03/201204/03/2012 Sam Lambert

Bump Pay, the second app by Bump Labs, has brought the company into the mobile payments market, allowing its users to tap their phones together in order to exchange money. The Bump Pay app has been developed based on the core technology of the company, which gives two smartphones the ability to transfer data to one another simply by tapping them together. This differs from near field communication (NFC) – which is the foundation of the Google Wallet – in that it requires the two devices to make physical contact…

Google makes new fee-splitting offer to carriers to increase adoption of Google Wallet

04/02/201204/02/2012 John Montgallo

Though Google Wallet found its start last year to launch that company’s entry into the mobile payments sphere, the service has failed to take off as expected, due to the large amount of competition and its reliance on NFC technology, which remains limited among handsets. In order to overcome some of the struggles presented by those hurdles, reports are indicating that Google has been considering making cost sharing offers to carriers such as AT&T and Verizon Wireless, to entice them to adopt the technology so that Google Wallet will increase…