Articles in Payments
Digtial wallet provider Skrill is aiming to bringing easy and quick mobile payments to merchants and consumers with its 1-Tap product. By implementing 1-Tap, merchants can offer customers the opportunity to pay for goods in ‘one tap’ on any device, rather than having to re-enter login details or credit card information
Ahead of his panel slot at Internet Retailing Expo in the Mobile and Social Conference, Gabriel Hopkins, Head of eCommerce Products, WorldPay, looks at the main issues that retailers face when implementing a mobile payments channel, as well as the key areas to focus on to help take full advantage of consumer demands for m-commerce
YESpay International and YES-wallet.com have built a cloud based payment platform using Near Field Communication (NFC) global standard technology that creates a cloud-based NFC contactless card emulation services conforming to PayWave and PayPass standards offering a more convenient and efficient payment solution for merchants and consumers
Kunal Choitram, business development manager, eWise takes a look at how mobile payments are the key to making mobile shopping even more convenient and widespread in 2012
A new report from Juniper Research has found that the global redemption rate of mobile coupons will average at over 8% by 2016, an eightfold increase over the best paper coupons campaigns. North American and Western European markets are now beginning to follow the same growth path as the Far East & China and by 2016 there will be over 600m regular mobile coupon users worldwide
Four fifths of consumers would spend more online if offered an easier and more secure way to pay – and 80% believe direct carrier billed mobile payments are more secure than using credit and debit cards for online digital purchases – and merchants could add aggregated yearly revenue of $109.8 billion, simply by offering an alternative “no credit card required” way to pay at checkout, finds Javelin and PaymentOne study
You won’t need your wallet to go shopping on Britain’s high streets in 2016 according to a new report by PayPal, which says in its report ‘Money: The Digital Tipping Point’ that 2016 will be the year when UK shoppers will be able to use their mobile phones to pay for things on the high street with digital money rather than cash, cheques or cards
Simply providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption, asserts Mobey Forum in a new white paper out this week
A five year forecasting study commissioned by PayPal – which pretty much pioneered mobile payments back in the day – anticipates an explosion in UK mobile retail, predicting that the market will grow an average of 42% each year and be worth £2.5 billion by 2016
Starbucks Mobile Pay, the company’s pay-by-mobile application and in-store scanner system, which was rolled out across the US in January, has processed more than 20 million mobile payment transactions, the company revealed during its earnings call this week
A recent UK survey of 2000 mobile phone users commissioned by Opinion Matters on behalf of Gemalto, a digital security company, found that only 32% of consumers know what NFC stands for, and a large number expressed security concerns about using a mobile wallet
The total redemption value of mobile coupons will exceed $43 billion globally by 2016 as coupons are increasingly delivered by mobile apps – an eightfold increase from $5.4 billion in value to be redeemed this year. Redemption rates are set to rise in North America and Western Europe after a few years of experimentation and growing user acceptance, says Juniper Research
Peter Caparso, Adyen’s North American President takes a look at how smart mobile payment protocols balance security, compliance and fraud detection, making them increasingly attractive to retailers looking to offer proper m-commerce
Research conducted at the Internet Retailing Conference in London on 4 October by payment processing experts WorldPay finds that customer demand is driving online retailers towards offering m-commerce transactions, and plans are in place to implement in the next one to two years
Mobey Forum – the global bank-led industry association defining a prosperous mobile financial services landscape – has released a white paper called ‘Business Models for NFC Payments’ highlighting what needs to happen to make NFC contactless mobile payments at point of sale (PoS) a mass market reality
Despite an increasing adoption of mobile payments, research from payments expert WorldPay, carried out by Consensus, has revealed that 39% of smartphone shoppers are frustrated by the length of the process when buying via their mobile, and 38% were irritated by the amount of information that needed to be entered
A consumer study conducted in July 2011 by the Banking division of Simon-Kucher & Partners, global consulting firm specialising in pricing and marketing, has found that 92% of smartphone users would be willing to use mobile payments for their purchases and other forms of money transmission
Customers of UK rail operator Virgin Trains are now able to purchase onboard wifi access using their mobile phones. Nomad Digital, a leading provider of high-speed, end-to-end wireless connections on transportation fleets, has announced that it is using ImpulsePay’s mobile purchasing solution to enable customers to pay for wifi access on any wifi enabled Virgin Train, using their mobile phones
Monitise has signed a new partnership agreement with Royal Bank of Scotland (RBS) Technology Services to broaden mobile banking and payments services across its banking divisions
Mobile as a payment tool in retail is gaining a lot of attention and within that everyone is talking NFC – but there is much more to what NFC can deliver to retailers, as Carsten Kraus, CEO and founder of Omikron Data Quality and FACT-Finder.com, explians

