Mobile Payment Magazine

Merchants – How to Accept Google Wallet

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If you’re a small or medium-sized business, if you can’t already accept contactless payments today, you’ll need to upgrade your system, which is likely out of date with the latest technologies.

First data offers updated systems so you’ll be able to accept Google Wallet, other contactless payments, and of course traditional payment forms, with a single package.

If you already accept contactless payments, you’re ready for Google Wallet. [Read more…]

Harnessing Mobile Commerce to Close In-Store Sales

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Shoppers who have in the past turned to the Internet for their research before heading to brick-and-mortar stores are increasingly melding their online and in-store shopping with the exploding popularity of mobile applications for use on smartphones.

Now shoppers can actually get instant price comparisons online based on their scans of in-store bar codes. For merchants who have the customers in their stores, a mobile sales and marketing strategy can help win over an increasingly “mobile” customer. [Read more…]

Consumer Versus Merchant Initiated Mobile Payment

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Payments can be initiated by both the consumer or the merchant, although consumer payment is becoming the most common since it suits the personal nature of mobile devices.

  1. Consumer focused – The consumer chooses to make a mobile payment. They interact with the payment server using their mobile device to authenticate and authorize the payment. They are subsequently presented with status showing confirmation of the successful transaction or failure with a reason. Extensions to this include Near Field Communications or Contactless Payment options using additional hardware built into the mobile phone.
  2. Merchant focused – This is similar to the consumer focused scenario, however the transaction is entered and completed by the merchant (or their representative). This is similar to Mobile EFTPOS except it is processed via a mobile phone/device.

Source: Wikipedia