It may be hard to remember the eras before the microwave, but once upon a time cooking (or even warming) took a lot longer. Can you name someone who doesn’t own one now?
The need for speed impacts retail, too.
Now social platforms are pushing buy buttons to entice mobile users to drop on the spot — cash, that is.
Now a new eMarketer report — “Buy Buttons: Where Social Meets Mobile Commerce” — has explored some of the burgeoning potential.
Posted in Marketing Strategy, Mobile Payments, Technology
On Monday, the folks at Mozido, a global provider of digital payments and commerce solutions, announced the global availability of its new host card emulation (HCE) product, Mozido HCE.
Additionally, sandwiched into this week’s announcement, is news that Taiwan Mobile Payments Co. (TWMP) has tapped Mozido as provider for its HCE and tokenization services to its consortium of 27 Taiwanese banks and financial institutions.
Mozido’s HCE solution will provide a hybrid mobile wallet capability for TWMP that supports both existing consumers using hardware secure element based NFC phones, and consumers using HCE cloud-based NFC phones.
Posted in Mobile Commerce, Mobile Partners, Mobile Payments
NXSystems, a global payments provider, shared with MMW this week details of their two new platforms to help airlines track and manage international transactions while increasing ROI and eliminating fraud.
NXSystems’ BankView and Tokensation solutions allow airlines to execute reservations and settle payment obligations “efficiently and safely while providing tracking through a centralised platform,” the company tells us.
With over one billion people having traveled abroad in 2014, international tourism is at an all-time high. The IATA strategic partner, NXSystems, unveiled BankView at the trade association’s World Financial Symposium in September.
Posted in Announcements, Mobile Payments, News, Platforms
Making a purchase or other payment is not like it used to be. These days, cash and credit cards aren’t the necessities they once were because alternative-payment options are just a tap or two away on a mobile device through apps such as Google Wallet, Apple Pay, Square, Levelup, Kash and PayPal.
But just how secure are those mobile-payment apps and who makes sure that the companies behind them are doing all they can to keep your personal data safe?
Posted in Mobile Apps, Mobile Commerce, Mobile Payments
The 2015 Mobile Payment Security Study, conducted by ISACA, surveyed over 900 cybersecurity professionals and revealed that 47% said that mobile payments are not secure and carry significant perceived security risks.
87% predict that there will be a large increase in the number of mobile payments data breaches over the next 12 months. Chargebacks911 COO, Monica Eaton-Cardone, says that this perceived lack of security has had a negative impact on its adoption.
Posted in Mobile Commerce, Mobile Payments
On Tuesday, AppTech Corp. announced it has signed a definitive agreement to acquire FlowPay, a cloud-based mobile payment platform designed specifically for the tax exempt non-profit market.
The terms of the agreement were not disclosed (but they will be in the company’s next quarterly filing and registration statement).
FlowPay has built a real-time mobile gifting service, with the next generation of text-messaging software integrating web embedded content, digital media, and secured text-messaging. The system provides real-time data analytics along with a suite of business applications including mobile payment.
Posted in Announcements, Mobile Devices, Mobile Payments, News, Platforms, Technology
Visa and Chevron U.S.A. have just announced they will launch a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC payment service.
The program, launching later this fall at select Chevron stations in San Francisco and Silicon Valley, will offer consumers “a simple and more secure way to pay at the pump with a range of mobile payment services.”
Already, an estimated 80 percent of Chevron customers in the U.S. pay for gas at the pump using a credit or debit card.
Posted in Announcements, Mobile Commerce, Mobile Devices, Mobile Payments, Mobile Shopping, Near Field Communication, News, NFC, Platforms, Technology