The economy has been on a roar, and consumers are confident and are happily opening up their purses to get out, spend, and plan vacations they’ve been delaying for some time. Today the U.S. economy is bigger than it was at the beginning of 2020, primarily driven by consumer spending. This is giving rise to …
Five Reasons to Accept Credit Card Payments through a Virtual Terminal Read More »
Payment processing is constantly evolving, but the pandemic pushed things even further along. In 2021, chances are we will see even more changes (all good) to help merchants make payment processing an even smoother process than before. Understanding the payment processing trends for 2021 and how they affect your business is the key to staying …
There are many recent advancements in merchant services and credit card processing, but one in particular that is gaining significant interest is mobile wallets. Once considered only a niche service, mobile wallets have greatly expanded and are now widely used by consumers. In fact, 24% of consumers use mobile wallets for their transactions daily. Mobile …
Isis Mobile Wallet Debuts Using NFC Technology A joint venture between AT&T, Verizon Wireless and T-Mobile known as Isis Mobile Wallet has released a revolutionary mobile payments app that promises to change the way people pay for goods and services. The trio of mobile service providers are ecstatic to finally debut this mobile payment platform right …
U.S. consumers spent over $500 million through mobile wallets on their smartphones last year. While this is miniscule as compared to the overall merchant services industry, where trillions of dollars that are spent annually through plastic credit and debit cards, it does signal a growing trend in the industry. Mobile wallet apps have experienced slow …
$500 million Processed Through Mobile Wallets in [2023 Update] Read More »
In the last update regarding the bPay mobile wallet initiative we covered the fact that Host Merchant Services is now partnered with Barclays to grow the adoption of this very innovative and versatile form of payment. To recap… bPay is a two pronged application that benefits both businesses and consumers. Merchants can market to consumers …
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. We want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: we deliver personal service and clarity. So we’re going to take some time to …
Today the Official Merchant Services Blog, along with the rest of the world, will take a look at the new iPhone 5 being debuted in California today. Specifically, we will look at one of the new iOS 6 features called Passbook. Passbook is a new app, exclusive to iOS 6, the feature lets users store …
The Official Merchant Services Blog again looks into the mobile wallet world today, by introducing the new product from Visa, Inc. called V.me. Last week we discussed in detail the BarclayCard mobile wallet system, which has come here to Delaware at participating locations in Newark and Wilmington. Visa plans to roll out its own version …
Today The Official Merchant Services Blog keeps examining the rapidly growing payment processing sector of Mobile Payments. With an never ending stream of deals being made by startups and established companies developing the latest gimmicks and technology to bring mobile payments and mobile wallets to the average everyday U.S. consumer driving the marketplace, it’s easy …