This week, that excitement is back, not because of NFC, but rather bitcoin. According to an article from Wired, after a six month ban on the app, Apple has allowed Blockchain to return to the App Store. Considering it is the world's most popular bitcoin wallet, this move could be the first step in embracing a new form of digital wallet on the Apple platform.
"This seems to be the first strong and real sign [Apple … more
Two of the hottest trends in the payment landscape are mobile devices and EMV chip-cards. The latter is a security feature that has an industry-wide deadline for adoption of October 1, 2015, and the former is a new way to look at POS hardware. While both have companies updating payment systems, they are few options on the market that handles both of them.
However, it now seems as if that could be changing. According to a recent article from Payment Source, Square has announced that it is creating a version of its mobile card reader that will be able to handle EMV-chips.
Square is one of the leaders of the mobile POS marketplace. With just a small piece of plastic plugged into the headphone jack and a mobile application, any smartphone or tablet is now capable of accepting credit card … more
When you head out for the day, what are the essentials that fill your pockets? For most of us, it includes keys (house or car), mobile phone and a wallet with cash or credit cards. Ask nearly anyone on the street if they have these items and there is a good chance that they will have all three of them on their person. However, what if they could all be combined into a single device? It is not as out there as it seems and the research is coming from unlikely sources.
A recent article from Wired features a lengthy interview with Leslie Berland, the head of digital partnership and development at American Express. The main topic of the conversation is her efforts to get rid of plastic cards. While this might seem strange for a credit card company to look into, the fact remains that … more
Another Apple event has come and gone, and again it seems as if the mobile commerce platform has been left on the cutting room floor. For years there have been rumors that the company would add NFC technology to the mobile hardware and create a platform for payments using a smartphone instead of the credit card to transfer funds.
However, that doesn't mean that it didn't announce something during this week's Worldwide Developers Conference that got people excited. As an article from RE/code points out, the company may have started to show what it has planned for the payments industry.
As part of iOS 8, which is currently in its beta phase, third party developers will be able to access and incorporate the Touch ID fingerprint authentication system built into the home button into their … more
While many payment experts believe the mobile wallet will be part of the future, the takeoff for the system remains grounded. There are again rumors that Apple will be incorporating NFC technology into the new version of the iPhone and create an iWallet solution that will be unveiled at the upcoming Worldwide Developers convention. However, this has persisted for several years and nothing has come of it.
While there are some versions of mobile wallets available, it remains a rocky landscape.
In a recent blog post from LifeLock, the company announced that it was pulling its "Lemon Wallet" application from all app stores. According to company chairman and CEO Todd Davis, this is being done because the app may not be fully compliant with payment card industry (PCI) security standards. … more
Mobile payment processing is no longer the trend of the future: it's very much a part of the present.
More and more, companies are coming to the realization that they need to integrate mobile payment processing into their workflows. Corporations as venerable as Burger King and Wendy's -- not necessarily the institutions one might think of as tech savvy -- are making the move to better serve a customer base increasingly used to having a wide variety of payment options.
In an interview with USA Today, Chris Versace explained the changing landscape causing these companies to make these decisions. Versace, who is a contributor to RealMoney Pro, pointed out that while in the past, the major options were cash, check, debit and credit cards, now, more consumers are whipping out their … more
The latest technology is rapidly changing how many industries operate. While many people focus on how it will affect the office environment, all areas of business are being revolutionized by new solutions like mobile devices.
An article from Forbes examined several ways that mobile technology is impacting the current business landscape. These include improving bring-your-own-device security, constantly being connected, cloud-based apps and mobile marketing.
There will also be a growing impact when it comes to point of sale solutions. Not only will this happen through the use of the mobile wallet, but also tablet POS systems.
"Brick-and-mortar stores are realizing the benefits of arming floor staff with tablets," the article reads. "Workers can use this technology to … more
The payment industry has been experimenting with mobile commerce for some time. Over the last few years, the adoption rate of the technology has increased because the functionality of the hardware and software has improved and the platform has become more secure. According to a new study, things are going to pick up in 2014.
At the most recent TRANSACT 2014 conference, CAN Capital conducted a survey of payment professionals and executives to determine what their thoughts were on mobile payment technology and other trends.
According to 42 percent of respondents, new payment technology is the trend that will gain the most traction by the end of the year. This is followed by product integration (24 percent), increased partnerships (23 percent) and company consolidation (11 … more
According to an article from Business Insider, Apple has 600 million customer accounts on file, most of which are linked to a credit card. Once NFC is added to the iPhone, all of these consumers will already be setup to use it at the cash register. However, the company has refused, which has caused adoption of the technology to stall.
"Every time I bring up payment platform options with my executives, they say 'Let's just wait and see what Apple does,'" one … more
For the last few years, there has been talk of the impact of the digital wallet. With the popularity of the smartphone growing, the ability to make payments at various establishments straight from the device is a feature that consumers and businesses have been looking into. Companies like Google, PayPal, Visa and MasterCard are all looking to stand on top of the mobile commerce market.
But how plausible is it now? While there are some companies like Starbucks that already have mobile checkout systems at the POS terminal, how far can you make it without a wallet? That is something that Steven Bertoni researched in an experiment with Forbes.
For one day, he left the wallet at home and only paid with his smartphone through various apps. Because the Metro does not accept smartphones yet, … more