A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce transactions continue to grow as well. Meanwhile several industry and investment analysts are predicting strong years for companies well positioned in the mobile payments market, along with large growth for mobile payments in general. Read More
Isis, PayPal, Visa Continue to Test and Develop Mobile Payment Methods
More mobile payment methods and wallets are testing and preparing for commercial launch with mobile joint venture Isis starting trials in two pilot U.S markets, Visa testing NFC (Near Field Communication) payments at the London Olympic Games, and PayPal trialing their mobile payment method with McDonald’s fast food restaurants in France. Read More
Mobile Wallet Providers, Carriers, Issuers and Card Associations Form Mobile Payments Committee
The four major wireless carriers in the U.S. along with financial institutions, card associations and mobile wallet providers have formed and joined the Mobile Payments Committee with the Electronic Transactions Association (ETA). The purpose of the committee is to define best practices for mobile payment solutions while educating legislators, merchants and consumers to foster and
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More Merchants Accepting Payments Over Mobile Devices, More Competitors Entering this Space
In June Square announced that they are now processing $6 billion annually while VeriFone and Intuit compete with similar product offerings that allow merchants to accept and process credit card payments via their mobile device. Meanwhile iZettle, dubbed the Square of Europe, expands from Scandinavia to the UK now with over $16 million raised in
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PayPal Expands Brick-and-Mortar Presence via VeriFone POS Terminals
eBay owned PayPal first announced their mobile wallet and push into Customer Present payments in late 2011. Now following trials with their mobile wallet at Home Depot stores, PayPal has announced their licensing, marketing and implementation agreement with VeriFone bringing the PayPal payment option to many POS terminals. Read More
PayPal Expands In-Store Payment Trial with Home Depot
PayPal is currently trialing their in-store payment service in about 50 Home Depot stores but will be expanding to over 2,000 Home Depot stores by this March. Read More
PayPal Predicts $7 Billion in Mobile Payment Volume for 2012
eBay’s CEO, John Donahoe, announced that PayPal is projecting their mobile payments volume to hit $7 billion globally in 2012 after reaching $4 billion in 2011. Read More
