Harbortouch, a national supplier of point of sale (POS) systems, published the results of a recent survey investigating the changing attitudes consumers have toward mobile payments technology. The results of the survey of 1,000 U.S. adults, fielded in April 2015, examined the current state of mobile payment adoption, and demonstrated a shift in consumers’ comfort level and acceptance, with a greater focus on interface and experience. [Read more…]
SIM Partners today announced a strategic partnership with mobile marketer Vibes to integrate mobile wallet campaigns, including Apple Passbook offers supported by iBeacons, with its local marketing automation platform, Velocity. The relationship will help national brands create online and in-store offers to convert shoppers into buyers based on a customer’s search intent and proximity. [Read more…]
With the introduction of mobile payments by MTS and SaskTel, customers of these provincial telecommunications companies can now pay with their phone. TD is the first financial institution to offer this service to MTS and SaskTel customers. Five mobile networks now provide Canadians with the ability to pay for purchases with a tap of their mobile device. [Read more…]
A study by innovation commercialization company &Innovation shows that widespread adoption of mobile payments by local coffee shops and restaurants could have the unintended consequence of decreasing the money waiters earn from tips.
[Read more…]
Credit card hackers are targeting Starbucks gift card and mobile payment users around the country – and stealing from consumers’ credit cards — with a new scam so ingenious they don’t even need to know the account number of the card they are hacking.Criminals are using Starbucks accounts to access consumers’ linked credit cards. Taking advantage of the Starbucks auto-reload function, they can steal hundreds of dollars in a matter of minutes. [Read more…]
MyECheck, Winner of the 2015 PYMNTS Award for Best Check Innovation, has entered into a partnership with Avidia Bank to provide banking services to MyECheck and its customers in support of MyECheck’s new mobile commerce platform.
The bank partnership will allow MyECheck to immediately launch its mobile payment application and web services in conjunction with Avidia Bank account services.
MyECheck’s Mobile Commerce System provides an open platform for any registered user, business or person, to send and receive invoices and payments through email, mobile devices, internet, social media, ATMs or other method. The company’s downloadable Merchant Point-of-Sale application for mobile payments allows any business to accept payments from any mobile device.
The way it works is that a business owner downloads the app and registers, and can then accept payment from anyone with a mobile device who also registered the app. Merchants can build loyalty and also save on card interchange fees in the process.
The system operates as a wireless point of sale using standard computer hardware and connections. Transaction data is securely exchanged through Quick Response (QR) code. According to the company, its use of industry-leading technology ensures transactions are highly secure, and merchants pay only a small flat fee per transaction, with no interchange fees.
Avidia Bank, a $1.3 Billion bank headquartered in Hudson, MA, has also entered into a Reseller Agreement with MyECheck and will sell MyECheck services.
Source: Market Wired
Born between 1981 and 2005, Millennias are the next big market, and due in part to the explosion of new communications technologies—they are the first completely digital generation, with 86% of them using smartphones as their main tool. Consequently, their habits are very different from the preceding generations, and at 80 million strong, there are more of them than even baby-boomers.
During a recent visit to China, Apple CEO Tim Cook said Apple is moving forward with talks to roll out Apple Pay in partnership with regional banks and perhaps e-commerce giant Alibaba Group.
Due in part to its Mobile Payments and Loyalty program, Starbucks reported a stunning 2015 First Quarter profits, with an 18% jump in revenue to $4.6 billion, to beat expectations while profit jumped 16 percent.
[Read more…]
A recent report by Mary Monahan, Javelin Strategies’ Executive Vice President and Research Director, Mobile, analyzes the U.S. mobile proximity payment market, covering payments made by consumers using a mobile device at a merchant’s physical location. Three years of actual historical data and a five-year forecast are provided. By 2019, it is projected that mobile proximity payments will total $54 billion.
[Read more…]
You must be logged in to post a comment.