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Alternative payments? So many people are now using services such as PayPal, Amazon Payments, Google Wallet and others that the term is becoming outmoded. In a new report, Javelin Strategy & Research says eight in 10 online shoppers have used an online alternative payment service in the past year, and …
Read More »CloudPay Mobile Payment Services Promises Lower Processing Costs
A new mobile wallet called CloudPay may undercut traditional payment processing fees that merchants typically pay. Announced earlier this week, CloudPay from New Media Insight Group Inc., a Phoenix-based company, says merchants pay only 0.5% per transaction, a markedly lower rate than traditional pricing that might be as high …
Read More »Using Embedded Cues And Bluetooth Low Energy, PowaTag Enables One-Click Commerce
PowaTag is a mobile commerce app that hopes to make it easier for consumers to buy with their smart phones. Launched this week, PowaTag identifies products using a smart phone’s camera and microphone to detect special cues embedded in print displays, television commercials or online using the PowaTag watermark. …
Read More »Virtual Prepaid Payment Service Pay in Private Debuts
Consumers wanting a way to make online payments with some anonymity may be able to use the new Pay in Private virtual prepaid card service available as an iPhone or Android app. n “It’s not a solution for everybody,” Klein tells Digital Transactions News. “It’s a solution for a segment …
Read More »Could VerifyValid’s Mobile Checkbook App Revive Prospects for All-Electronic Checks?
A concept that would do away with paper checks while retaining their payment advantages took a step closer to fruition this week with the introduction of a mobile app that lets users create and send check images. The app, called Mobile Checkbook, works with Apple Inc. iOS devices and comes …
Read More »Chirpify Reports Upbeat Results for Its New Action Tags for TV Commercials And Arenas
Consumers are responding enthusiastically to a new service that lets them buy goods from and otherwise interact with brands via social media in sports stadiums, through TV ads, and other venues, according to results released Monday by Chirpify, the Portland, Ore.-based company that announced the service in September. The service …
Read More »PayPal Secures Spots on New Samsung Smart Phone And Smart Watch
Consumers carrying around the next-generation Samsung Galaxy S5 smart phone will be able to use PayPal with a tap on the device’s biometric sensor. The smart phone, scheduled for release in April, will have a fingerprint sensor that enables consumers to use their online PayPal accounts to pay for …
Read More »By Snapping up C-Sam, MasterCard Bolsters Mobile Capability, Matches Rivals
MasterCard Inc.’s purchase Monday of C-Sam Inc., a mobile wallet technology company, boosts the card brand’s ability to provide mobile wallet services via a variety of payment methods, suggests a payment analyst. MasterCard paid an undisclosed amount for the Oakbrook Terrace, Ill.-based C-Sam, which began offering a mobile wallet …
Read More »Loop Mobile Wallet Debuts With Expectation of Near Ubiquitous Acceptance
Loop, a mobile wallet that uses a case or fob to generate its own contactless field to communicate with many payment terminals, has launched for the latest iPhone models. The brainchild of payments veterans George Wallner, founder of point-of-sale terminal maker Hypercom Corp., now Equinox Payments LLC, and Will …
Read More »Mobile Payments Growth Fuels Apriva’s $9.55 Billion in 2013 Transaction Volume
Mobile point-of-sale payment provider Apriva marked $9.55 billion in transactions through its payment gateway in 2013, a 17.3% increase from $8.14 billion in 2012, fueled by growth in mobile payment acceptance, cashless vending, and its gateway service. Mobile POS payments, in particular, saw exceptional growth in 2013 versus 2012. Apriva …
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