Kevin Woodward Securing mobile payments involves taming a many-headed beast of suppliers, developers, and manufacturers. Imagine creating a mobile-payment service using the latest and most advanced security features, and then realizing that with one download a consumer could sidestep all of that and incur a mobile-payment headache. It’s a very …
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Amazon’s First Smart Phone Harbors a Big Mobile Commerce Promise For the Retailer
Rumors from the past few years that Amazon.com Inc. was building a smart phone bore fruit Wednesday when the online retailer revealed the Amazon Fire, a mobile device built to ease the mobile commerce experience on its Web site. It may herald another way to shop Amazon, but it …
Read More »Mobile-App Developer Exploits a Growing Market for Virtual Tickets on Mass Transit
Technology continues to drive change in the way riders on America’s mass-transit systems pay fares. While a few agencies have cast their lot with contactless card systems that also accept general-purpose debit and credit cards with contactless chips, other systems are turning to smart phones as add-ons to existing fare …
Read More »Trends & Tactics
Online Alternatives Go Mainstream With millions of people now using PayPal, Amazon Payments, Google Wallet, and other so-called online alternative payments, observers are starting to say that the term is rapidly becoming outmoded. In a February report, Javelin Strategy & Research says eight in 10 online shoppers used an online …
Read More »Mt. Gox Bitcoin Exchange Goes Dark, Leaving Bitcoin Owners With Questions
Mt. Gox, a well-known Bitcoin exchange, has shut down, leaving investors who had Bitcoins at the digital-currency exchange wondering what’s next. Bitcoin is a decentralized digital-payment system based on mathematically derived new Bitcoins coming into circulation by so-called “miners” using computers. News service Reuters reports today that the exchange …
Read More »Revel Systems Launches Tablet POS for Concession Sales at Sports Stadiums
Tablet computers, which have invaded restaurants and retail stores since the introduction of Apple Inc.’s iPad three years ago, have now begun to see action at sports stadiums. Alabama State University’s newly built stadium on Aug. 31 became the first such arena to use the iPad for concession sales, according …
Read More »Green Dot Announces New Distribution, Marketing Deals for GoBank, Prepaid Cards
Fresh from the launch of its GoBank mobile-banking product, Green Dot Corp. on Tuesday announced new marketing and distribution deals not only for GoBank but also for its core prepaid card program. Green Dot cards will be sold through 20,000 more retail stores, including locations belonging to Dollar Tree, Dollar …
Read More »Cover Story: Annual Guide to Alternative Payments
Mobile dominates this year’s Guide, as you’d expect, but so does the urge toward faster payments. Neither trend is going away any time soon. The obvious theme running through alternative payments nowadays is the predominance of mobile. Processors, solutions vendors, and startups alike are scrambling to make it possible to …
Read More »Opinion & Analysis: Could NFC Payments Be DOA?
George Peabody From financial institutions to card networks to mobile carriers, a fixation on payments has dimmed the once-bright prospects for near-field communication technology. Wences Casares, founder of Bling Nation and Lemon.com, once said of near-field communication, “NFC is a great technology. But it was abducted by payments, and hasn’t …
Read More »Cover Story: The Coming Shakeout in Mobile Payments
It’s coming sooner for some players than for others. Here’s why—and how to be a survivor. By John Stewart and Jim Daly If you’re a purveyor of mobile wallets or a vendor of mobile-acceptance gear, you don’t have to be told that you have plenty of company. What’s less clear …
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