small business mobile payments Archives

Figure Pay mobile payments system could offer small and local businesses an advantage

03/30/202103/29/2021 Jesse Collins

Figure Pay - person using mobile wallet to may payment

The new fintech-created system could bring down the cost of digital transactions. Figure Pay, a mobile payments system based is aiming to bring new and more affordable digital transactions to local small businesses. Mobile payments have taken off since the start of the pandemic, but this hasn’t been easy on small businesses. The Figure Pay app was developed by Figure Technologies. That company is a small fintech from Silicon Valley using technology developed in Missoula, Montana. Its goal is to employ blockchain to slash the costs associated with this type…

Mobile payments no fee startups still no competition for PayPal

08/28/201308/26/2013 Stephanie Beck

Even though the services may cost less, these new and smaller companies are no match for the current giant. Although the use of mobile payments hasn’t taken off nearly as quickly as many in the industry had hoped or expected, PayPal is still managing to hold its own, and to thrive, particularly when compared to the many startups that have tried to carve their own slice of the market. Even though consumers aren’t using the services very much, the market from the provider side is becoming crowded. Venture capitalists are…

Mobile payments partnership opens between Scentsy and PayAnywhere

04/05/201306/02/2017 Julie Campbell

These two companies will work together to provide independent consultants with a new transaction method. The direct selling fragrance company, Scentsy, has just announced that it will be working with PayAnywhere as its choice of mobile payments processing partner to offer its consultants a new way to complete transactions from their customers. The award winning credit card reader and app will be used to process purchase transactions. This means that Scentsy independent consultants across the United States will now be using PayAnywhere to be able to receive credit card mobile…

Mobile security risks grow for small businesses with mobile payment use

02/22/201302/20/2013 Jennifer Goula

Though the door to opportunity may open through this technology, it also presents vulnerabilities. The American smartphone payments market is being powered primarily by small businesses that are using this technology to save money and offer convenience to their customers but it is also opening these companies up to a number of mobile security risks. At the same time, this industry is only expected to continue to grow over the next few years. Forrester Research has predicted that payments over devices such as smartphones and tablets will increase explosively from…

Mobile payments growing among Canadian small businesses

01/09/201304/13/2014 Jorge Gonzalez

Square Inc. mobile payments nfc technology

These systems are increasing in popularity as smaller companies seek alternatives to traditional platforms. Mobile payment technology is starting to take off among small businesses in the Canadian province of Nova Scotia, as they seek to discover alternatives to the traditional online platforms and point of sale systems. Now that there are a growing number of players in the marketplace, businesses have choice. Among the various options that are starting to make some headway in the Canadian mobile payments marketplace among small business is Square. This American startup provides merchants…