Mobile Payment Processing Blog Posts

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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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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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Facebook Wants In Your (Mobile) Wallet

Facebook is merely weeks away from obtaining regulatory approval for a mobile payment system in Britain. This approval would enable users of the social network to store money and use it to pay and transfer it to others through the site. This would allow Facebook entrance into the remittance market, wherein which foreign workers send money to people in their native country. With India as Facebooks’ second largest market, it stands to tap into 100 million active users in a country where remittances exceeded $71 billion in 2013 according to the World Bank. This could obviously be a very big […]

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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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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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Mastercard is expecting a Lift thanks to Mobile Payments

MasterCard is expecting an uplift in contactless transactions to lead to a revolution in mobile payments, with the card scheme currently running 50 NFC pilots across Europe. According to Mastercard, the contactless transactions are now available in 63 countries worldwide, and in 34 countries in Europe including seven new countries in 2013: Azerbaijan, Finland, Ireland, Macedonia, Moldova, Montenegro and the Netherlands. This is extraordinary, and hopefully will soon be implemented in the United States. MasterCard’s contactless cards or devices have been issued by more than 220 financial institutions in Europe and can be used at almost two million merchant locations […]

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If You Have a Smartphone, You May Be able to Access an ATM Easier

Security and convenience-conscious consumers using smart phones may one day have a safer and easier way to get cash from ATMs. This is fantastic news, as many people are becoming more and more reliant on their smartphones for everything from paying bills to locating businesses. This is also fantastic news for banks as well, as the smartphone apps are sure to be safer than the regular touchpad method of extracting money from an ATM. An ATM maker is currently testing a cash-dispensing-only ATM that relies on a mobile wallet to authenticate the consumer, eschewing a PIN pad and card reader. […]

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Mobile Payment Processing Is the Future

Welcome to the Future! We no longer have to stand in line any more at most places to pay for our purchases. That’s right many stores are arming their employees with the technology of smartphones and card readers which means they can process purchases from anywhere in the store, which means standing in long lines is becoming obsolete. Braintree They have a full stack platform which makes it easy to accept payments in an app. or website. Braintree provides you with one touch payments to mobile SDK’s and foreign currency acceptance. You will have everything you need to start accepting […]

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