Here’s What’s Happening in Mobile Payments

Here's What's Happening in Mobile PaymentsIn recent weeks, MMW has covered no shortage of innovative and integral developments in the world of mobile payments, among the most important of which were:

In recent months, the mobile payments industry has exploded to new heights, making overnight stars out of upstart companies that were built to compete across today’s highly competitive landscape. One company in particular – @Pay – is emerging faster than most and cementing its place as a key player in this fast-evolving industry.

American Express and Isis announced Thursday that they will introduce American Express Serve to the Isis Mobile Wallet. As MMW previously reported, Isis Mobile Wallet is poised for national roll-out before year’s end. The new co-branded account will be offered in every Isis Mobile Wallet as a part of the launch.

Some of the biggest companies in the world are flocking to wireless payments systems, but it’s the small business owner and aspiring entrepreneur  that stand to gain most from this increasingly ubiquitous technology. According to North American Bancard, a juggernaut provider of merchant services to more than 180,000 businesses in North America, the flea market scene is where the growth of mobile payments has turned business-as-usual completely upside down… but for the better.

As Bloomberg brilliantly summarized on Thursday, in the eyes of the consumer, ecommerce and retail are now one. As a result, the electronic age has forever changed how consumers shop, research, and even pay for goods. In a new interview with eBay boss John Donahoe, the prominent chief executive is weighing in on the future of eCommerce and mobile payments.

Is Walmart about to replace its arsenal of cash registers in order to allocate more retail space to products? It’s a hot rumor circulating across the blogosphere today although Walmart hasn’t publicly commented on the matter yet. But if sales associates are soon equipped with mobile credit card readers, it won’t come as a big surprise.