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All Posts Tagged Tag: ‘mobile payment’

Visa Credit Cards Launches “Visa Checkout” Mobile Pay Service

Have you ever gotten so frustrated by punching in your credit card number on a tiny mobile screen while shopping online that you just gave up and abandoned your electronic shopping cart? If so, Visa is attempting to make your life easier. Or at least make you buy more things. The service is called “Visa Checkout”, and it launched last …

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Mobile Payments to Hit $500 Billion This Year

As smartphones and tablets have quickly rose to prominence in the tech industry, retailers have readjusted their business models to take advantage of the mobile shopping opportunities the devices provide to consumers. Now revenues from mobile payments are rising to levels unimaginable just half a decade ago. Market research firm Juniper Research this week released a new report predicting that …

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Contactless Mobile Payments to Hit $10 Billion by 2018

Though the mobile payment industry has been slow to emerge for a variety of reasons, the deals and technology are now in place for the industry to take off. Market research firm Juniper Research today released a report predicting that contactless mobile phone payments in particular will see a big surge in the coming years. The report estimates that over …

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NFC Finally Coming to Most Smartphones

Apple has ignored NFC, choosing instead to implement other mobile payment systems in its iPhone devices. This has limited the reach of NFC in the premium smartphone market and, in turn, limited the rollout of NFC to the greater smartphone industry. Last year, however, a tipping point was reached and NFC technology is now quickly becoming a standard mobile payment …

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Why Smartphones Are Forcing Retailers To Rethink Their Business Models

As smartphones become more ubiquitous in established markets, traditional business models have begun to quickly shift and adapt. Entire markets based on specific technologies have been wiped away by a handful of smartphone apps. The instant access to information that smartphones provide has also superseded a number of traditional information-based businesses. Perhaps more than any other, the retail industry will …

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NFC Mobile Payments Slowly Gaining Traction

Just over one year ago, banks and mobile operators were scrambling to implement NFC mobile payment systems. They were most likely convinced that Apple would soon put the technology into its latest iPhone, propelling demand for NFC services overnight. It’s 2013 now, and the latest iPhones still do not have NFC technology. With Apple now seemingly obstinate on the issue …

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U.S. Wireless Carriers Unite Around Mobile Payments

The Electronic Transactions Association (ETA), a trade association for the electronic payments industry, today announced the beginning of its new Mobile Payments Committee. The committee will be a task force whose job it is to consolidate consensus on mobile payment technology in the U.S. and throughout the world. All four of the major U.S. wireless carriers will be represented on …

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Deutsche Telekom Looks to Expand its Mobile Payment Reach

Yesterday it was announced that Deutsche Telekom and MasterCard have partnered to begin bringing mobile phone payment methods to more Europeans over the next year. Today it has become clear that MasterCard is not the only company Deutsche Telekom is courting to handle mobile payments through its network. Bloomberg today is reporting that Deutsche Telekom is in talks with many …

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Worldwide Mobile Payments to Hit $171 Billion in 2012

The IT analysts at Gartner, Inc. have announced that worldwide mobile payment transaction values will reach $171.5 billion this year. That is a 61.9% increase over 2011. The number of mobile payment users will also significantly increase this year, hitting at least 212 million users. “We expect global mobile transaction volume and value to average 42 percent annual growth between …

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The World of Mobile Payment [Infographic]

The world of mobile payment is starting to look like a game of survivor. Company after Company is jumping into the mobile payment game, trying to get a piece of the $6.2 trillion credit card transaction pie. What we are witnessing is the birth of a new technology. A large chunk of credit card payments are going to move to …

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Pay Your SXSW Bar Check With Tabbedout

What better time to unveil a new feature on your restaurant and bar payment app than in Austin, Texas during SXSW? With so many technology professionals eating and drinking in one place, it’s the perfect time to bring your technology to new faces. That is exactly what Tabbedout has done by testing PayPal as a new payment option for their …

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First Look at Isis Mobile Wallet

We are getting our first glimpse of Isis, the mobile wallet app that will be available to more than 100 million United State Credit Card holders this summer. The new app will compete with Google Wallet and Opera, offering a secure and convenient way to pay with your credit card on your mobile phone. The UI looks simple enough, with …

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