We’re half there … but half may not be good enough.
According to financial professionals at work on necessary conversions, a mere 50 percent (approximately) of the 12 million merchant payment terminals in the U.S. will meet mandates to accept more secure smart credit and debit cards and NFC-ready smartphones by the end of 2015.
The need to convert to more secure systems is due to the high rate of fraud associated with the old magnetic stripe credit card technology still rampant in the U.S.
Posted in Announcements, Mobile Devices, Mobile Payments, Near Field Communication, News, NFC, Platforms, Smartphones, Technology
Western Union, perhaps the most recognized name in global payment services, announced this week that it will offer the red-hot Apple Pay mobile payment solution at Western Union’s flagship locations.
With the stated goal being to provide consumers yet another way to fund global money transfers and bill payments in the United States, Western Union says consumers making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
“Innovative payment options are a strategic focus for Western Union, and starting to accept Apple Pay is in keeping with the company’s blueprint for the future,” said Odilon Almeida, Western Union President for the Americas and European Union. “Our customers’ needs and preferences are top of mind,” he added.
Posted in Announcements, Mobile Devices, Mobile Payments, News, Platforms, Smartphones, Technology
Twitter is still one of the most popular social media platforms in the world, but the competition is fierce. For this reason Twitter is actively searching for ways to stay relevant, and ways to further monetize their microblogging platform.
In a recent announcement chronicled by MCD, a Twitter executive shared that part of their 2015 strategy will be to begin processing mobile payments. However, Twitter’s goal is not to create a mobile payment platform but to allow a new advertising option for movie theaters and concert venues to sell tickets.
The software is still in its testing phase and the rollout date for the “Buy Button” that will allow Twitter users to purchase movie and concert tickets through Twitter has not yet been determined. But it’s coming.
Posted in Announcements, Mobile Payments, News, Platforms, Predictions
Think mobile marketing, advertising, gaming — mobile anything, in fact — are growing at a brisk pace? That’s nothing compared to mobile payments.
Apparently, 2015 won’t just be big for mobile payments. It will be epic.
New research from Deloitte calls for in-store mobile payments to increase by more than 1,000 percent globally this year.
Posted in Announcements, Mobile Commerce, Mobile Devices, Mobile Payments, News, Platforms, Predictions
If it wasn’t before, PayPal is now firmly cemented in mobile across all major mobile platforms.
Citing data from IDC, the folks at PayPal remind us on their blog that there will be a remarkable 1.4 billion shipments of smartphones globally this year. It goes without saying that “we’re not all using the same smartphones.”
Consequently, PayPal wants to ensure that its global digital payments platform is still available to as many consumers as possible, regardless of their personal smartphone preferences. So this past week, PayPal expanded into yet another mobile ecosystem by landing on BlackBerry.
Posted in Announcements, Mobile Devices, Mobile Payments, News, Platforms, Technology
In the short time it has been available, Apple’s upstart mobile payments platform has been gaining popularity across the U.S. But soon, Apple Pay could make its way across the pond and into some of Europe’s leading financial institutions.
According to the U.K. Telegraph, Apple Pay will likely launch on European soil in 2015.
“Apple has been encouraged enough to press ahead with plans to roll the system out across the world,” Monday’s report divulges.
Posted in Announcements, Mobile Commerce, Mobile Devices, Mobile Payments, News, Platforms, Predictions, Rumors, Smartphones
This is a problem the folks at Square may want to discuss over a cup of coffee.
Starbucks, we have learned, will no longer accept Square’s mobile payments, a move that has stunned many in the electronic payments world while satisfying countless consumers who say the mobile payment tech never work as well as it should have.
As Business Insider first reported, Square is “retiring” its Wallet app. “It’s now rolling a key feature of Wallet—one that let users check into a store and pay by announcing their name to a cashier—into its newer Square Order app. The new feature is called Tabs, but it works similarly to Wallet,” the report reads, noting that Starbucks isn’t coming along for the new journey.
Posted in Announcements, Mobile Devices, Mobile Partners, Mobile Payments, Mobile Retail, News, Platforms, Smartphones, Technology