The tune of how consumers are paying is beginning to change, and it’s because of the youth. Younger consumers, 18-34, are far more likely to declare that leather wallets are a thing of the past according to a new service. This trend is, of course, great news for the online, high risk business world. With more and more consumers switching...
Mobile payment technology has accelerated in the Western hemisphere. The U.S. is making major headway with consumers, especially millennials, with the release of Apple Pay and other mobile payment processing systems. However, Canada is not adopting mobile technology as rapidly as the United States. GfK Canada, a Canadian research firm, says they believe adoption of mobile technologies will speed up...
The gap between the phone and the wallet for Americans continues to narrow. Mobile marketing and advertising is coming together with merchants to not only offer mobile payment processing, but also to put marketing tools such as coupons in consumers’ pocket. Merchants have long been facilitators of customers making payments and in the mobile era they are seeking new...
Smartphone loves can rejoice: It will soon be possible to use your phone to access an ATM. ATM maker Diebold Inc. is testing a cash-dispensing-only ATM that relies on a mobile wallet to authenticate the consumer, eschewing a PIN pad and card reader. The ATM, now in test at the Diebold Federal Credit Union, which is unaffiliated with North Canton,...
Do you remember the good ol’ days of shopping with a credit card? Those days when it took a long time to check out, and clerk had to verify your signature, and check your driver’s license. This does not happen much anymore; in fact, at some retailers if you have previously used your card they do not ask for your...
For a while there has been a bit of a battle between QR codes (those little codes that you can with your smartphone to tell you information) and NFC Chips. As with most things, eventually one will come out ahead, leaving the competitor in the dust. However, thanks to technological advances, the winner may not be as clear as once...
In the age of smartphones replacing everything from computers to cd players to cameras, it seems natural that it would be easy to make mobile payments from your smartphone. Not so much. There are many obstacles blocking the ease of making mobile payments for many consumers. However, it is possible that in the near future making a mobile payment will...
A growing trend in retail has been the implementation of customer-based check out processes. Manual check out stations are becoming a staple and grocery stores and now anyone with an iOS Apple mobile device may be able to complete a purchase without swiping a card in a store. This has significant implications for high risk businesses and underscores the need...
As we grow and learn more and more about our technology, companies and people in general have gotten their intelligence on to bring us products that would astound our ancestors. Of course they might burn us at the stake for being witches first and if we could get past their superstitions and lack of education, they might even adjust to...
