QR Code Press

Mobile payments standard for China expected in 2013

04/25/201304/23/2013 Stephanie Beck

The guidelines are expected to be released as early as this year, as they have already been created. A recent report from Marbridge Daily has revealed that China will soon be announcing a national mobile payments standard specification which has been long awaited in that country, just as other nations are awaiting their own. This is meant to help to provide the industry with the guidance it needs to move forward with greater confidence. The report stated that the mobile payments standard has already been drafted and that it is…

Mobile payments success for banks will depend on credibility

04/23/201304/22/2013 Jennifer Goula

The financial sector is working hard to distinguish itself in this industry where the competition is fierce. It wasn’t all that long ago that the financial sector – primarily banks and major credit card providers – were essentially the only consideration when it came to completing transactions, but the addition of mobile payments is drastically changing this environment. Buying goods and services can now be performed in a number of different ways, and banks aren’t automatically among them. Mobile payments – that is, paying directly through a smartphone or tablet…

Mobile payments could be Amazon’s next big step

04/22/201304/20/2013 L. Green

A new solution may be introduced by the internet retailer according to recent filings made by the company. Though nothing official has been announced just yet, the mobile payments industry believes that Amazon is preparing to release its own platform that will offer a solution similar to GoPayment, PayAnywhere, or Square. This assumption has been made based on recent official filings that have been made by Amazon. The filing that has drawn the attention of the mobile payments world to Amazon was made with the United States Patent and Trademark…

Mobile payments leaders battling it out in Europe

03/18/201303/16/2013 Jesse Collins

The three largest names in the sector have made themselves known as PayPal, Square, and Intuit. The mobile payments market in Europe is finally starting to experience some meaningful growth in Europe and the United Kingdom, and the biggest names in that industry are starting to find themselves in a fierce competition. For instance, Intuit Pay has now finally been launched in the U.K. for card transactions over these devices. This is a market in which Intuit had not previously had a standing, but where it has now given itself…

Mobile payments COO at Square resigns after sexual harassment accusations

01/28/201301/26/2013 Jorge Gonzalez

Square Inc. mobile payments nfc technology

The chief operating officer quit his job abruptly after an employee demanded “millions of dollars”. The chief operating officer of the highly successful mobile payments startup, Square, has resigned quite suddenly after having been accused of sexual harassment by an employee who is demanding “millions of dollars” in order to keep the issue from going to court. Keith Rabois announced this decision online after informing the company of what happened. Rabois, who has been a senior executive at Square with high regards, caused a rain of tweets from the Silicon…