See on Scoop.it – MobilePayments101
The problem with mobile payments is it’s usually no more convenient to pay with a phone instead of cash or credit card. A recent trip to Chipotle Mexican Grill was a rare example where paying with a phone actually sped …
See on bits.blogs.nytimes.com
People are researching and buying services and products on their mobile devices in growing numbers. Successful firms must offer a mobile-optimized experience for clients and prospects to learn more about the organization and engage with its professionals, or risk losing business to their competitors.
View original post 33 more words
That whole closed loop from promotion to actually closing a transaction has really rendered point of sale dead, because there’s really no point of sale any longer — they’re all multiple points of service which starts from the time you’re browsing the web, to the time you’re near a store, to the time the purchase is complete.
While the developed world is scratching its head, working out how to break the middle-class’s credit card habit in an attempt to introduce contactless payments, there is no doubt that serving the emerging middle class in Africa is a mobile money play.
Cardfree is a mobile merchant platform that wants to make it easy for small businesses to drive traffic into their stores, increase incremental visits, ticket size and allow for more meaningful engagement. It accepts payments from mobile devices, browsers, or at the point of sale.
EBay tallied 153 percent more mobile transactions this year than it did on Black Friday in 2011. PayPal spiked even higher with mobile owners. Black Friday 2012 brought about a 193 percent increase to PayPal mobile payments over the previous year.
Read more at http://venturebeat.com/2012/11/24/ebay-paypal-black-friday/#4TSaxVPMu3bw3weV.99
Between the iPhone and iPad, iPad users spend more money and time on eBay apps. For mobile this year, fashion and tech are the largest verticals for eBay.
Visa’s digital wallet V.me helps simplify transactions online and on mobile and will move to in-store point of sale next year.
Visa’s (s v) digital wallet and PayPal (s ebay) competitor V.me is now ready to go prime-time after debuting in beta a year ago. The credit card company is officially launching the service today and announcing 50 banking partners and two dozen merchants who will support the wallet initiative.
V.me is Visa’s attempt at creating a digital wallet that makes transactions easier. It allows users to pay online with a Visa or other credit card using a user name and password instead of entering a 16-digit card number and their address. V.me is available online and on mobile and will roll out to in-store point of sale next year.
Visa is relying on banking partners to help sell V.me to their 50 million customers. It has signed up deals with PNC and U.S. Bank along with about 50 other smaller banks, who will offer V.me directly to their customers. Some…
View original post 243 more words
MyRetailCloud Blog 