Most of the major internet companies are either actively in market with mobile payments or flirting with the idea. This includes Google, eBay/PayPal, Amazon and Facebook with Credits (there’s an article to be written about the future of Credits). And there are scores of startups and others also competing for consumer attention and merchant adoption of their mobile payments systems: Square, Intuit, ISIS, Groupon, Visa, FirstData, LevelUp, Jumio, Card.io, Boku, Tabbedout, GoPago and many others. The list grows longer by the week it seems. Joining that list, as of yesterday, is Apple — almost. At the WWDC event yesterday Apple introduced a mobile wallet app called Passbook. It doesn’t have a stored credit card like Google Wallet but it puts airline boarding passes, movie tickets, coupons, loyalty cards and gift cards in one place on the phone so they can later be scanned at the point of sale. According to press materials, any retailer or third party developer will be … [Read more...] about Apple Begins Rollout Of Mobile Wallet Functionality With Passbook App
Paypal or amazon payments
The definition of “mobile payments’ being used by the firm is extremely expansive. Hence the large number. Gartner said that it expects “Web/WAP access to account for about 88 percent of total transactions in North America and about 80 percent in Western Europe by 2016. Near Field Communication (NFC) transactions will remain relatively low through 2015, although growth will start to pick up from 2016.” If that’s right it spells trouble for Google’s NFC-based Wallet, which has been struggling for consumer adoption. Under the “mobile payments” heading, Gartner’s forecast includes a range of transaction types that are distinct. It includes “m-commerce,” mobile bill paying, SMS money transfers and mobile wallet-type in-store transactions. Is a “one click” purchase transaction on the Amazon mobile app a “mobile payment”? Or should the notion be limited to the concept of mobile wallets, where the phone … [Read more...] about Analyst Firm: $172 Billion In Mobile Payments This Year
In the same way that Apple redefined and accelerated the development of the smartphone market with the iPhone in 2007, Google Wallet marks the beginning of the mobile payments era. Google is certainly not the first company operating in the sector, and it might not turn out to be the leader. But with last week’s announcement, Google has helped to bring new coherence and focus to the otherwise Darwinian and chaotic landscape of mobile payments. Let’s Review the Google Wallet Announcement What do we know about Google Wallet so far? Phones: Google Wallet will work with the Android Nexus S (via Sprint in the US) — and, through a NFC-enabled sticker, on potentially all smartphones (more on that below). Cards: The program will work with Citi MasterCard, a pre-loaded Google Prepaid Card (which can be “refilled” from any source of funds) and gift cards from various participating merchants. Google wants all payment, gift and loyalty cards to work with the system … [Read more...] about With Google Wallet Mobile Payments Era Is Finally Here
Google recently announced its plans to retire Google Checkout, an online payment processing service, and transition towards a more streamlined product known as Google Wallet. While the complete shutdown of Checkout will occur on the 20th of November, the news has already created some waves in the business market. Some are considering it a loss on Google’s account in the battle against PayPal for online payment processing, while others deem it a clever move. Before we jump to conclusions, it is important to understand what caused the demise of Checkout and how will it affect the market. Why did Google Checkout fail? When Google launched Checkout in 2006, it adopted a similar policy as with previous products: the people will either adopt it or they will not. As a result, Google never actively ‘sold’ the product to consumers, nor did it make any efforts to highlight the salient features of Checkout to them. Around the same time, similar services like PayPal were arriving … [Read more...] about What Does Google Checkout Dying Mean For Merchants?
We don’t have to be in the thick of the hectic shopping season to know how important online purchases are. It’s a booming industry throughout the entire year. And, it’s a vital part of your business. If you’re not able to make electronic sales, how can your online business survive? Without being able to receive payments electronically, your top notch site and high-ranking would be for nil. Today, this shouldn’t be an issue. It’s relatively easy to collect payments for goods and services from anywhere in the world via payment service providers. With so many online payment solutions out there, though, which ones can you trust for that all important credit card, bank transfer, or real-time orders? Here are our 10 best selections. WooCommerce WooCommerce allows WordPress users to create their very own e-commerce shop. There are several neat features that make this payment processor worth your time. Besides being vendor and customer friendly, you can run … [Read more...] about The 10 Most Popular Online Payment Solutions