Mobile Payment Processing Blog Posts

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Recent Reports Show Mobile E-Commerce Traffic Surpassing Desktop

For the first time, between May 2014 and May 2015, mobile e-commerce – smartphones and tablets – surpassed desktops. New data from Branding Brand revealed that this surge is due to the increase in smartphone traffic. Mobile devices accounted for 53 percent of e-commerce site traffic, while 48 percent came from desktops. Reports on revenue were a little different. Desktops, not mobile devices, accounted for 73 percent of all e-commerce revenue. Smartphones contributed 13 percent while tablets accounted for 14 percent. Shoppers have been moving to mobile for some time and in larger and larger numbers. At a quick glance, […]

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Tech Companies Race to Find Solution to Slow Mobile Payments Adoption

The mobile payments market is perhaps the most dynamic arena of the 21st century. Although mobile technology has been around for almost a decade the recent entry of major players like Paypal, Samsung, and Apple, have accelerated discussion and innovation of mobile payment processes. As a result, independent companies, card processors, and technology giants are racing to find the mobile payment solution that consumers feel comfortable enough to leave old payment methods behind. Despite the availability of a variety of mobile payment solutions out there, consumers still prefer to use their credit and debit cards. According to the InfoScout/PYMNTS Apple […]

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Top 7 Most Popular Mobile Payment Methods

High risk industries like online dating services, vitamin supplement merchants, and tech support companies, have a difficult time acquiring merchant accounts through traditional lenders. As a result, many high risk merchants have turned to mobile payment options to surpass the hassle of rejection or overpriced account management by payment processors. The following are the top 7 most popular mobile payment methods to turn your tablet or smartphone into a personal payment processor. Apple Pay. This is the new darling from Apple. The mobile wallet eliminates the need for actual credit cards, allowing customers to pay for desired items using their […]

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Mobile Payment Trends for 2015

Thanks to Apple Pay, mobile payment systems are getting a big boost. This does not look to be a short-term trend; in fact, many merchants are gearing up for an increase of mobile payment applications. While these apps are great for consumers, they can cause a headache for merchants if they are not prepared. One big plus for consumers, and merchants, is that mobile payments take less time to complete than good old plastic card transactions. While this is good, there is worry about fraud, which can lead some merchants to not accept these payment methods. Except with a few […]

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The Mobile Payments Revolution Has Started

Mobile-payments are steadily becoming an accepted form of transaction globally. A new report from Forrester Research Inc. reports that it will nearly triple from $51.5 billion this year to $141.7 billion by 2019. With those growth forecasts, many businesses are taking note of the new form of payment. Due to the most recent launch of Apple Pay, mobile payments have received center attention in the tech industry. Many are speculating a payments revolution is at hand, but analyst, Denee Carrington, suggests that the adoption of mobile payments is “an evolution – not a revolution – and the evolution is well […]

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The Advantages and Disadvantages in Mobile Payment Processing

For sure the announcement and roll out of Apple Pay is causing joy in some areas while causing worry in others. If you are a business with a bad credit merchant account it could affect you in several ways. On the con side it may cost you more per transaction but on the plus side it will save you considerably in chargeback fees. If you are not familiar with the new payment platform, it was designed to keep up with the growth of sales by consumers using their mobile devices. It was announced and put in place prior to the […]

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Mobile Capture Fraud Fears Unfounded Says New Survey

A recent survey by RemoteDepositCapture.com reveals that financial institutional concerns that mobile remote deposit capture would lead to fraud, are not justified. However, the survey also notes that banks who are new to mobile remote-capture have less sophisticated tools to prevent fraud. The findings are the result of 246 responses by banks, credit unions, and brokerages that attended various RemoteDepositCapture.com conferences between February and April of this year. Mobile capture is quickly moving from a niche financial institution transaction to a convenient option for customers at traditional banks and credit unions. With mobile capture, a consumer or business user takes […]

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Speculation Regarding Apple Developing a Payments Program

Speculation circles Apple Inc. once more regarding its future in the payments arena. A job posting on the website of the company for a senior software engineer with expertise in payments might allude to a future involvement in payments. The job description details that the company is seeking someone to assist in creating a next generation payment platform with experience in chip-and-PIN technologies, e-commerce, banking, cryptography, PCI compliance, card security and card industry knowledge among other things. The responsibilities also mention integrating payment devices, middleware and acquirers into the retail solution. There is no certainty that this job posting indicates […]

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Retail or Digital? Mobile Web Payments

More than 20% of online transactions are mobile web payments, according to Amsterdam based e-commerce acquirer Adyen. The mobile transactions for the Dutch payment processor merchant client’s were 66% higher in the first quarter this year than they were at the same time calendar time in 2013 according to current Mobile Payment Index. The overall transaction volume and value continues to soar for Adyen merchants, while the average ticket value for many retail sectors are falling slightly short or often just leveling out. There was a noticeable decrease in the average of per-transaction for Retail and Digital goods during the […]

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Are Mobile Web Payments here to Stay?

In 2014 Mobile Web payments make-up more than 20% of all the online transactions according to Amsterdam based e-commerce acquirer Adyen Merchant Services laid out a report that indicated merchant accounts were 66% higher in the 1st quarter of this year than they were at the same time period in 2013. And even though the overall transaction value and volume is on the rise, Adyen Merchants Services believes the average ticket value for the retail sector is declining rapidly. This could mean that even if the mobile sector see’s a decrease, it could be due to the low value of […]

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