Cashless electronic payments are the latest rage. Estimates for smartphone payments using NFC chips is expected to explode, though many estimates are being adjusted. The technology seems to be expected but digital wallet offerings are lacking for sure. AT&T customers still cannot use the default Google Wallet app, and ISIS is in a forever Beta mode. Starbucks seems to have embraced NFC based electronic transactions as well as digital wallet providers Lemon, LevelUp and others. Sprint adopted Google Wallet early on, while Verizon, AT&T and T-Mobile users have been waiting for ISIS to come out of beta in Texas and Utah test beds. The other half of the problem, adoption, is slow as merchants need to invest in new credit card terminals and readers that incorporate the NFC technology to be able to accept these digital payments. Read more of this article »
Posted in Electronic Payments Tagged with: AT&T, Cashless electronic payments, Debit Card transactions, Gift Cards, Google Wallet app, GPS, Lemon, LevelUp, Loyalty Programs, MicroChip Payments, nfc, NFC chips, Offerings, RFID, smartphone, T-Mobile
As a society, our smartphones are increasingly becoming a more important in our daily lives. Already replacing watches, alarm clocks, wallets and calendars today we carry our smartphones with us everywhere, including the bathroom. While smartphone users are traveling everywhere with their smartphones, are they actually booking travel with their smartphones? eMarketer asked that very question in a survey of 1,200 internet users and asked about their travel booking habits on the internet. The responses indicate that 40% of digital travel researchers will use their smartphones and tablets and mobile payments to complete travel bookings. Read more of this article »
Posted in Merchant Services Account Tagged with: agencies, agent, agents, credit card, e-commerce, gateway, ipad, Iphone, laptop, merchant account, notebook, smartphone, tablet, ticketless, travel
Cyber Crime InfoGraphic by Vericode.
Today anyone can have an e-commerce web site set up in mere minutes. There are a lot of open source e-commerce solutions that allow a web site owner to establish a site very easily, some require just a few clicks to get going. Once you have your color scheme chosen and your navigation all set a decision on how to accept payments is inevitable. e-commerce payment gateways allow your site to connect securely to a payment processor to accept your electronic transactions. These digital transactions can be used by hackers to target your site and your customers credit card information and much more. Whether the data targeted is stored on the merchants network or on the customers mobile device, business need to implement a cyber security strategy. Read more of this article »
Posted in Credit Card Security Tagged with: credit card, DSS, e-commerce, electronic, fraud, gateway, Malware, payment, PCI, Phishing, Processing, Security, Skimming, smartphone, SMSishing, tablet
Mobile ascertain deposit, one time a reduced main concern expertise for banks, has become one of the most searched out Mobile banking app characteristics. But along with attractiveness and increased use, the promise for deception is emerging for smartphone ascertain down payments.
A latest report from ath Power Consulting recognizes isolated deposit arrest as Mobile banking users’ most desired app characteristic.
Banks are responding. Research from Celent displays that in 2009, 72% of reviewed financial institutions had no designs to offer Mobile isolated deposit arrest (RDC). By 2012, only 18% were holdouts. Read more of this article »
Posted in Mobile Payments Tagged with: deposit, Mobile ascertain deposit, RDC technology, smartphone
The SD Association has a new ‘smart’ idea. New Micro SD cards, popular for use in Android smartphones and tablet devices, will soon be available. The new MicroSD cards will carry the NFC Secure Element which allows Near Field Communications smartphones communicate with a chip on the Micro SD card. These are mainly used in a digital wallet for electronic transactions known as m-commerce. The new SD Cards also support on-board applets for smartphones as well.
Many newer phones are shipping with NFC Radios mainly used with digital wallets. For security, Near Field Communication requires a special authentication method prior to encrypted communications. Now that can be be placed on a Micro SD in addition to additional memory for the smartphone or tablet. The card can also store small digital wallet applications for digital payments when combined with an NFC enabled phone or tablet. These are seen by consumers as a way to ditch plastic cards in favor of digital wallets, and you can also transfer the electronic wallet to different devices as you please.
Additionally the SDA supports Micro SD cards that have both the Secure Element security chip on board as well as a Near Field Communications Radio on the chip to give NFC capabilities to devices that don’t come with the technology. Changing devices seems even easier with these cards as they enable NFC on multiple devices as the user transfers the card. If the MicroSD card owner switches cellular carriers, the card can easily go from the old phone to a new one and the digital wallet user never skips a beat.
The SD Association claims that microSD cards account for 95% of all mobile memory card shipments and that 78% of all mobile phone shipments today have the microSD memory card slot. With the latest round of MicroSD cards with NFC radios and without, they hope new e-commerce and m-commerce applications are built to run on the memory cards. This greatly levels the playing field from vendor lock in as both cell phone carriers and device makers have their own aspirations toward digital payment systems.
Posted in smartSD Cards Tagged with: Android, Digital Wallet, e-commerce, m-commerce, Micro SD, microSD, near field communications, nfc, radio, Security, smartphone, smartSD Cards, tablet
