The two firms in question are eftpos and Bell ID, which hope for a flexible new transaction capability. Eftpos, a company from Australia has now announced a partnership with a Dutch company called Bell ID in order to develop a domestic mobile payments capability that will use secure tokenization and will still remain notably flexible. The purpose of this new partnership is to help to make eftpos smartphone payments available across digital platforms. Bruce Mansfield, the managing director of eftpos explained that the new capability that will be developed through…
Read MoreTag: mobile payments tech
Mobile payments marketplace in US prepares for two major systems
The announcements we reported to you from Money2020 last week have the U.S. waiting for the rollout. Last week, we brought the latest announcements from Money2020, as they were happening, including the announcement of two major mobile payments systems, the technologies that they would be using, and the fact that they are both preparing to launch in the United States very soon. These services claim that they will make transactions more appealing to both merchants and consumers. It was also clear that in the mobile payments universe, the winners were…
Read MoreMobile payments partnership formed between NCR and LevelUp
The agreement will bring the technology to a larger number of restaurants. Leading retail point of sale (POS) software supplier for American restaurants, NCR, has partnered with LevelUp to bring the mobile payments app into the POS systems in order to be able to complete dining transactions. The startup is hoping that this will help it to make greater inroads into this rapidly growing market. This is especially important because restaurants are proving to be one of the most important growth areas for mobile payments. LevelUp has now formed this…
Read MoreMobile payments are just getting started, says Tim Cook
The Apple CEO was quoted to say that the technology and its use is still “in its infancy”. CEO of Apple, Tim Cook, has revealed that while he does see a future for mobile payments, its current status remains an immature market, which has led many in the technology industry to believe that his company is not planning to make any considerable moves into that sector within the near future. The CEO feels that the market is only just taking its first baby steps and that it is far from…
Read More