Among the many press releases put forth today in the payment processing industry, Semtek, a company that focuses on security vulnerabilities and ViVOtech, one of the leaders in the mobile and contactless payment space announced that the two have signed a partnership agreement in which ViVOtech will be one of the first to license Semtek’s ...
For years, the telecommunication industry and the electronic payment industry have been greatly divided over the direction and implementation of mobile payments in the United States but thanks to the Federal Reserve Bank for mediating and getting Executives from a number of leading high-profile companies from the payment processing and telecommunication industry to gather during ...
First Federal Savings Bank—based in Clarksville, Tennessee, a FDIC insured bank owned by Advantage Bancorp—today announced that they will be offering their customers a mobile payment platform powered by Bling Nation to enable them to pay for products and services through a tap-and-pay technology at the retail point-of-sales. Bling Nation offers local businesses (merchants), consumers ...
Google’s Android Market Place is going to offer wireless carriers payment alternative for users to pay for applications and have the bill charged to their wireless phone bill. This is major news as it’s the first time that this is being done which involves wireless carriers. Wireless providers will benefit by getting their share of ...
CreditCall Ltd, payment processing company based out of the United Kingdom, last weeks announced that it’s developing mobile payment platform that will allow for merchants—businesses and organizations—to take PIN-based transactions utilizing a secure chip attached to Blackberry and other smart phones on the market today. The name of the product is entitled CardEase, it will ...
The use of mobile phones in the United States is widespread. The use of mobile phones as devices to pay for products and services at the retail Point of Sales is a very exciting and new technological advancement in the payment processing industry and telecommunication industry. The functionality of Smartphone can be expanded and enhanced ...
Earlier this year Starbucks launched a mobile payment platform which was specifically designed to make the consumer experience in the store more efficient and easy for them to buy products at Starbucks. This service is now being expanded after running successful test pilot programs with several consumers at select Starbucks locations and Target stores. The ...
It seems like absolutely nothing can go wrong at Amazon this year. The company has been reporting and posting great numbers. Yesterday Amazon earning release posted for second-quarter was $6.5 billion in ecommerce sales; that is an increase of 42 percent compared to the same quarter numbers from 2009. Also during the week there was ...
The cube-shaped card reader for smart phones from Square Inc. is ready for primetime according to the company. In June the company had to take a step back to resolve issues with the card reader involving shortage of parts from their manufacturer and other minor problem regarding merchant application during the underwriting process. Now Square ...
IE Market Research Corporation is a company based out of Canada that specializes in providing market research data and intelligence to companies and organizations. According to IE Market Research we can look forward to mobile payment transaction volume to be well over 1 Trillion and over 1 Billion users globally will contribute that kind of ...