by Ty Hardison

Mobile devices help improve brick-and-mortar retail

Smartphones and tablets are improving the future of retail stores. The retail payment industry has seen some major changes in the last few years as mobile devices have become a viable business tool. While many people may believe that the future of retail sits in the eCommerce realm, a recent report shows that in-store purchases are still the king.According to a new report from Javelin Strategy and Research, 93 percent of total U.S. retail dollar volume happens through point of sale systems. While the prominence of the internet would have you believe it holds the future of sales, mobile devices have changed that. The study also featured a forecast that found mobile POS proximity payments will reach $5.4 billion by 2018.A recent blog post from payment solution provider PayAnywhere spoke about the importance of the mobile revolution. It said that one … more

Rumors have Apple getting ready to develop mobile wallet

According to reports, Apple is getting ready to develop a digital wallet. If you look at the music, cell phone, MP3 player and portable computing device sectors, there is one thing that stands out - Apple dramatically changed all of them. From iTunes and the iPod to the iPhone and iPad, the technology company has revolutionized several industries and created new products, some of which consumers did not even know they needed.Now, according to reports, the company could be setting its sights on the payments market with the creation of a full digital wallet application that could be available within the next two years. This is not the first time Apple has been connected to a payment solution, as many experts speculated that NFC technology would be incorporated into the hardware of the iPhone 5 late last year, along with a digital wallet application - however, … more

hybris Partners with VantageB2B to Enable Online Purchasing for B2B and B2G Businesses

Level 3 card processing, provided by VantageB2B, lowers card interchange expenses for commercial purchasing and government card payments.

Chicago, IL (PRWEB) April 04, 2013

hybris, the world’s fastest-growing commerce platform provider ranked “leader” by principal global analyst firms, today announced that it has partnered with VantageB2B, Business Payment Solutions from Vantage Card Services, to enhance the commercial payment processing capabilities of its highly flexible and scalable hybris B2B Commerce solution. The partnership allows B2B organizations to take advantage of commercial payment best practices, lower their related processing expenses and make payment processing more secure.

“B2B eCommerce is being transformed by the use of commercial card … more

From first call to changing commerce in 40 years

40 years ago the first cell phone call was placed. It may seem hard to believe, but 40 years ago today, the first cell phone call was officially made in midtown Manhattan. Motorola engineer Marty Cooper used the 2.5 pound brick of a phone - think any late 1980s early 90s cell phone from the movies -  to call the head of rival research department Bell Labs' Joel Engel. The conversation was short."Joel, this is Marty. I'm calling you from a cell phone, a real handheld portable cell phone."Cooper told that to The Verge last year in a lengthy interview about the cell phone, how the technology started, where it is and where it can go.When you look at the last four decades, there have been several changes to the technology that have taken it in completely different directions. These include things like the the … more

Study: Almost 4 times as many consumers have access to mobile phones than computers

According to a study their are upwards of 7 billion mobile phones being used in the world. There are around 6.5 billion mobile phones currently in use around the globe. That comes from a recent United Nations study and it shows why the possibilities of mobile commerce and those that are pushing the technology are so high.With that many mobile devices in the hands of consumers, it is easy to see why the payment industry is on the verge of evolution and why many startups are trying to take advantage with new applications, peripherals and payment solutions.An International Telecommunications Union study found that 3.8 times as many people in the world are exposed to mcommerce as to computers and online shopping from them. Diving deeper into the numbers shows some interesting statistics.Of all consumers, the younger generation is the most prolific for mobile devices as almost … more

Shopping moms a key cog in the future of mobile commerce

According to a new survey, shopping moms are pushing mcommerce adoption. Earlier this month, we covered a survey that found that those of the younger generation, specifically college students, are embracing mobile commerce technology. The study found that 90 percent of respondents have used their smartphones or tablets to search for deals or coupons when they shop.Now, according to a recent study by eMarketer, a group that is normally not thought of as trendy is helping to lead the push of mcommerce. That would be shopping moms.According to the report, 70 percent of American mothers use a mobile device in some way when they shop. Furthermore, 33 percent said they spend at least half of their shopping time on their smartphone or tablet.The study also examined what kind of applications moms are downloading on their mobile devices. Topping the list were … more

Tablets on the retail floor helping to evolve the retail experience

Tablets are set to revolutionize the retail sector. There are few devices that have changed the way businesses operate like tablet computers. When Apple kickstarted the industry in 2010 with the introduction of the iPad, no one would have been able to see the reach that the technology would have.Many different sectors of the corporate world have incorporated the tablet and any number of corresponding mobile applications into daily operations. A recent Resource Nation article examined how one specific market, retail, has been able to improve productivity and the customer experience because of the device."From easier checkout and better customer service to mobile POS apps, the benefits of tablets to your store and your customers are innumerable," reads the article. "If you're not sure where to get started, … more

Mobile wallet gains support from major payment industry players

The mobile wallet is poised to become the future of payment options. Last week at Harvard University a number of payment industry executives came together as part of the Innovation Project 2013. At the summit, a number of potential future technologies were debated but one thing was almost universally agreed upon - paying with your smartphone.At the event, some of the world's largest financial institutions and payment leaders like MasterCard and PayPal and dozens of tech start-ups like Scvngr were on hand to throw their support behind the mobile wallet. While the idea of using a smartphone application to make a payment is not new, the traction it is gaining with consumers is, and companies are ready to grab a portion of this emerging market.Will Graylin, the founder of a new mobile payment start-up ActPay, said during a presentation at the … more

NFC adoption remains slow in U.S.

NFC chip adoption is still slow, despite years of hype. It seems that for the last few years, the "next big thing" in the payment industry was the inclusion of near-field communication (NFC) chips. It has been talked about by the credit card, ATM and smartphone industries, but so far the years of hype have not lead to actual adoption in the United States.In other markets like Canada and Europe, NFC and EMV (Europay, MasterCard and Visa) - a form of chip card technology - have become widespread. According to a recent article in TechWorld, despite the push by banks, retailers, mobile operators and device manufacturer to get NFC mainstream, consumers have not been given the devices to make it possible.Back in early September of last year, the rumored features for the latest iPhone 5 were rampant. One piece of speculation … more

Retail to be first EMV adoption shoe to drop

Required EMV adoption will effect retail card transactions first. The adoption of EMV technology is a topic that will be making a lot of headlines over the coming months and years. MasterCard and Visa have laid out several deadlines that span from April 19 this year to October 2015 and the payment, banking and ATM industries to name a few, are starting to worry.In a recent ATM Marketplace article, Mark Smith - the vice president of an Kahuna Financial Solutions - examined the current state of EMV adoption across the entire payment industry and his findings can help merchants breathe a sigh of relief. According to Smith, EMV migration has already started in the U.S. and many institutions that support international travelers have the technology in use. On top of that, ATM providers have incorporated the system into machines in Canada … more