See on Scoop.it – MobilePayments101
Are we giving up on mobile payments already?
Computerworld
As a result, the previously slow momentum toward mobile payments and digital wallets is becoming slower still, and in its place, companies are creating better credit cards.
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Each year, e-commerce companies predict the new technology shopping trend for the holiday shopping season. In years past, it’s been the rise of the iPad/mobile shopper, or the expansion of major spending online beyond just Black Friday or Cyber Monday. This year is not different, with eBay and Amazon weighing in on the big trends for the 2013 holiday season.
One thing worth noting is that this year’s holiday season is shorter than years past. This year there are only 27 days for retailers, compared to 33 days of the season last year. While a few days doesn’t seem like much of a difference, these days can mean millions (or even billions) in sales for retailers. Adobe says that online sales are still expected to grow by 12%, but the shorter season will represent a whopping $1.5 billion in potential online sales from retailers.
As Adobe predicts, the shorter…
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We are, I believe, in an interstitial zone when it comes to payments. Credit cards are still king – just ask Square – and NFC is just a dream in most countries. That’s why Coin is so interesting. It’s a credit-card-sized device that holds other credit cards, allowing you to swap from card to card and even store gift cards inside its ultra-thin innards.
The company planned a pre-order campaign that would top out at $50,000. They blew past that goal in 40 minutes today, a testament to the desire for folks to leave their plastic at home.
The card itself is as thin as a regular credit card. To use the card you select a payment type with the button and just swipe. The Coin card “mimics” your read credit or gift card. The technology is tightly packed inside the card’s plastic case. It uses low-power Bluetooth to connect to…
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