Mobile payments no fee startups still no competition for PayPal

Paypal Mobile Payments

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…

Read More

PayPal tests new mobile payments security system

Paypal Mobile Payments

PayPal seeks to make mobile payments more secure When it comes to mobile payments, security is a major issue. Mobile commerce has garnered a significant amount of attention from consumers around the world, but it has also attracted the interests of malicious groups that seek to exploit financial information. Hackers have begun infiltrating the mobile commerce scene, and this has made many consumers concerned for the security of their financial information. PayPal, which has established a prominent place in the mobile payments sector, has begun testing new technology that could…

Read More

Mobile payments test being run by PayPal using facial verification

paypal venmo mobile payments

The test of the technology is being run in the United Kingdom for items bought using the app. PayPal has just revealed that it is now rolling out a new mobile payments trial that will begin with customers in the United Kingdom who pay for products through the use of the PayPal app. The trial will involve testing verification technology that uses facial recognition over a smartphone. The mobile payments trial requires a customer to have the PayPal app, a photo for proving their identity, and a smartphone. At the…

Read More

Mobile payments will be bank dominated if they have anything to say about it

Royal bank of Canada (RBC) mobile commerce platform

They are determined to not only be pioneers but to lead the industry, as well. The race to lead the way in the mobile payments and digital wallet space has been a tough struggle in most countries, including in Canada, where the Big Six banks have been doing their best to hold back the success of alternatives from other countries, such as Square an PayPal. They are trying to achieve this goal by providing the best technology in the nation for these devices. Banks are working to achieve the best…

Read More

Mobile payments struggle in U.S. but grow worldwide

Quick Tap NFC technology service mobile payments service

The forecasts for the use of these transactions in the United States have been dropping like a stone. Although the use of mobile payments on a global scale are taking off like a rocket, in the United States, predictions are continuously being corrected in order to reduce the size of the outlook within that marketplace. The uptake of these transactions has not been anywhere near the rate of most expectations. The most recent knock to the overblown predictions about the American mobile payments marketplace has come from eMarketer. In October…

Read More