Mobile Payments

credit card processing trends

Trends in Mobile Credit Card Processing for Fall 2021 and 2022

Over the last 12 months, almost every retailer felt the need to shift from the in-store traditional payment methods to the new-age digital methods. Businesses have also understood that this shift has a vast scope – it is not just a momentary reaction to the prevailing coronavirus pandemic, but a long-term trend. IBM’s U.S Retail …

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The Rise of Contactless Payments and NFC Amidst the COVID19 Pandemic

How has COVID-19 Changed the Way Consumers Spend Money? So much has changed in the face of COVID-19, including how consumers pay. Already, small businesses have seen a 27% increase in the use of contactless payment versus prior to COVID-19. Businesses that didn’t accept payments like Apple Pay before are also quickly adapting to keep …

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Wearable Devices Are Becoming More Attractive as Digital Wallets

The cashless paradigm has gone from credit and debit cards to smartphones, and the next logical step appears to be wearable devices such as smartwatches and fitness trackers; however, it should be noted that wearable digital payment systems do not necessarily need to be part of smart devices. In early 2017, market research firm Tractica …

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Top Mobile Payment Trends for 2020

Juniper Research analytics estimates two billion people will use mobile banking by 2020. Already outnumbering desktop connections, mobile users’ first banking experience is via a mobile device in developing countries.  While dealing with complex regulatory compliance, banks are also charged with creating a more secure authentication system for their mobile banking security. In an ever-changing …

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Alipay Launches International E-Wallet, Giving Tourists Access to a Mobile Payment Platform in China

Those who’ve spent any time in China as a tourist will know first hand just how difficult it can be to perform the seemingly simple task of paying for things with a format other than cash. One of the most popular forms of mobile payments in China is Alipay, and most people will use Alipay …

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PayPal’s Xoom Launches Domestic Money Transfers with Walmart

PayPal’s international money transfer service Xoom has this week made the announcement that, for the first time, their customers will be able to make money transfers to recipients in the United States. These P2P mobile payments will occur in a matter of minutes thanks to strategic alliances set up with Walmart and money transfer company …

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Ingenico Offers New Mobile Payment Option For China

On Thursday, October 10, 2019, international payment services provider Ingenico announced its plan to open up the mobile payment processing market in China to the world through several unprecedented business partnerships. Ingenico has decided to focus in-country on China’s local e-commerce and mobile payment systems: It has partnered with bank card services provider UnionPay and …

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Is Apple Pay Really More Popular Than the Starbucks Mobile App?

According to an October report published by eMarketer, a respected online publication dedicated to the digital marketing industry, the mobile payments service known as Apple Pay is now more popular than its counterpart developed by the Starbucks Coffee Company. Since about 2014, the Starbucks app, which started off as a digital version of its successful …

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Would a Mobile Processing Solution Like SwipeSimple Be Good For My Business?

Accepting multiple types of payments is essential to the success of any business. Over the last four years, it’s estimated that 80 percent of American consumers prefer to use a debit or credit card when making transactions in person versus just 14 percent who prefer to use cash. If you’re not using a mobile processing …

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MasterCard and Doconomy Launch A Green Mobile Banking Option

In light of global climate changes, Doconomy and MasterCard are working on a mobile banking service. This will change the face of credit card processing and payment processing. By engaging in this free service, users will be supporting the offsetting of carbon. They will no longer leave as many CO2 footprints in their wake. New …

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Growth in Mobile Payments

The credit card processing landscape has gone through dramatic changes in the last decade and nowhere is this more apparent than in the world of mobile payments. While still viewed as more of a curiosity in some regions and only popular with younger people, reports show that the mobile payment marketplace is growing faster than …

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