Why Bitcoin Is Poised To Win Big In Las Vegas
September 17, 2014, 12:17 pm
Las Vegas. Tremendous wagers are commonplace in this town, and have
been for decades. Big bets on cryptocurrency--those are a bit more
This explains why a local poker player’s recent investment into
bitcoin ATMs has turned so many heads. The entrepreneur, 29-year-old Chris McAlary, essentially has pushed “all-in” on the virtual currency, using the entirety of his liquid assets to found Coin Cloud, a nascent company that operates ATMs for bitcoins.
McAlary's believes in bitcoin's future as the currency of choice for
gamblers. And there is a confluence of factors that might make Las Vegas
the perfect place to push bitcoin into
Macy’s unveils mobile payments and customer marketing plans
September 17, 2014, 12:14 pm
The plans include Bluetooth beacons in all stores, new mPOS terminals, support for Apple Pay and a mobile wallet app.
and Bloomingdale’s stores will be among the first retailers to support
the new Apple Pay mobile payment system,” the retailer says. “The
convenience of mobile payment at the point of sale is becoming
increasingly interesting to customers, and Apple Pay offers an
opportunity to further simplify the point-of-sale process in Macy’s and
Bloomingdale’s stores in an easy, secure and private manner. More
details will be available in October, when the new service is scheduled
A new Macy’s Wallet
iBeacon is Big with Mobile Marketers
September 17, 2014, 12:03 pm
A US-based team doing research on mobile marketing found that:
18% of mobile marketers are using Apple iBeacons, and this is expected to double in 2015.
49% of marketers said they would use device positioning to deliver
content and 48.8% plan to add these capabilities to their mobile
marketing arsenal over the next year.
Adobe research found that:
33% of average mobile users take advantage of mobile assisted in-store shopping.
9% have used mobile wallets in the past three months, and this rises to 22% for ‘mobile elite’ users.
Bounce rates for referrals from social netowrks are higher on mobile devices (61%) than desktops (53%).
Subway to use Softcard NFC for mobile payments
September 17, 2014, 12:00 pm
The Subway sandwich chain is teaming up with Softcard to offer customers a way to buy food via their mobile phones.
Subway said Tuesday that it will kick off NFC-based mobile payments starting October 1 using Softcard, a mobile payments venture set up by AT&T Mobility, T-Mobile USA, and Verizon Wireless. Formerly known as Isis Wallet, Softcard offers an app
that supports mobile payments across more than 80 mobile devices sold
by AT&T, T-Mobile, and Verizon and comes preloaded on more than 30
Consumers will be able to use their supported
NFC-enabled mobile devices to tap a payment terminal at their
Mobile Payments: Looking for Signs of Life
September 17, 2014, 11:58 am
Nevertheless, many in the industry have still chosen to remain on the
sidelines, waiting to see whether the time for NFC has finally arrived.
Over the coming months, we will inevitably see many announcements
regarding the success of mobile payments - some of which will be more
important than others. Here are the most important key leading
indicators to look for:
1. Consumer wallet provisions - As the
iPhone 6 rolls out, we will likely hear about the number of wallets that
are being provisioned. This will likely be the first leading
indicator. Most marketers will likely be looking for a number in
United Way, the World’s Largest Charity, Now Accepting Bitcoin
September 16, 2014, 3:21 pm
But, not to lessen the importance of the work these charities have
been doing, these organizations have all be somewhat small, flying under
the global radar.
This has all changed however because now the largest private charity in the world, United Way Worldwide,
will be accepting Bitcoin for donations. The move dovetails nicely with
the United Way’s stated mission of mobilizing the power of whole
communities for the greater good. They do this by seeking improvements
in things like education that helps people achieve greater financial
stability in today’s modern world.
The United Way is partnered with some of the largest organizations in
the world to
McDonald’s Uses QR codes and Mobile Marketing for NFL Campaign
September 16, 2014, 3:18 pm
McDonald’s kicked off their campaign two days before the start of the
season. They are using several marketing efforts including scanning QR
codes, offering rewards to fans, and using web-enabled marketing
For the campaign, there are materials displayed at the point of sale
at 14,000 restaurants nationwide featuring the “McDonald’s Tailgate
Photo Sweepstakes” which rewards fans for their images that reflect
The idea, QRCodePress
reported in depth, is to get fans to use their mobile devices and PCs
to sign into Twitter and Instagram to use the #mcDTailgateSweeps hashtag
to share their pictures and videos of themselves tailgating with
McDonald’s products. The
Growing Demand for Mobile Banking Hurts Small Institutions
September 16, 2014, 3:16 pm
The perception for many young consumers is that the national banks
offer the best mobile banking services. Is it just a coincidence that
young consumers on FindABetterBank.com are
more likely to select a national bank over a community banks or credit
union? Not likely. If national banks’ grip on branch-share dominance
wasn’t already tight enough, the strength of their digital channels
enables them to expand into new markets without big investments in new
In a recent BankChoice Monitor
survey of consumers shopping for new checking accounts on
FindABetterBank.com, 36% of shoppers say they must have mobile banking
with their next checking account
The SUBWAY® Restaurant Chain Selects Softcard™ as Key Strategic Partner for Mobile Payments
September 16, 2014, 2:26 pm
MILFORD, Conn., Sept. 16, 2014 /PRNewswire/ -- The SUBWAY® restaurant
chain today announced that it will launch NFC-based mobile payments
nationwide on October 1st with Softcard, the mobile commerce joint
venture created by AT&T Mobility, T-Mobile USA, Inc. and Verizon
Wireless. Softcard users can use their mobile phones to experience a new
way to pay and save at more than 26,000 SUBWAY locations in the United
States. This is one of the largest deployments of mobile payment
capability in the country.
Softcard and the SUBWAY® brand are also teaming up
to deliver offers to SUBWAY® customers via the Softcard app. As part of
Zamtel to launch mobile money
September 16, 2014, 2:24 pm
Currently, there are only two mobile service providers that have already
introduced the facility on the local market, namely MTN Zambia and
Company chief executive officer Mupanga Mwanakatwe said the mobile money
service is likely to be introduced before the end of this year.
“Yes, mobile money has been awarded by the central bank and the contract
has been given to a successful bidder. We are just waiting for them to
be on the ground as they have to buy hardware and start integrating with
our billing system.
“So that is going to be happening and so we expect to launch mobile
Apple a decade behind Japan's mobile payment curve
September 15, 2014, 10:59 am
(TOKYO-AFP) - Apple's proud announcement that its new iPhone could be
used to buy goods in a single swipe left customers non-plussed in Japan,
where mobile contactless payments have been normal fare for a decade.
A type of Near Field Communication (NFC) chip, known in Japan as
FeliCa, was introduced to the Japanese mobile market in June 2004 and
has been been implanted in almost all phones sold in the country since.
The iPhone has been one of the few chip-less exceptions -- something
that will change when the new models hit Japanese shelves on September
Ten years ago the charismatic Takeshi Natsuno,
China’s WeChat Introduces In-store Payments for Nine Retail Chains
September 15, 2014, 10:56 am
Initially, the feature is expected to be roll out to nine vendors
include DQ ice queen, NUS pharmacy, Rainbow, One Plus One, Lotus (South
China), good neighbors, Baby Room, Minsheng Department Store and NUS
However, as the Pingwest
reports, Chinese users will identify a new “Small Payments” (shuaka, or
“swipe card” in Chinese) feature inside the “Wallet” module. Whenever
they click into the credit card function, there will be a
two-dimensional code for scanning and barcode on the screen,
respectively. In other words, after the micro-channel pay-certified
merchants, sweeping through the line code scanning equipment both codes,
to charge directly to the customer.
The newly launched feature resembles to Alibaba’s
Why Apple Pay could succeed where others have had underwhelming results
September 15, 2014, 10:52 am
A couple of months ago I was visiting New York City and had to catch
an early flight out of LaGuardia. At 4:30am I hailed a taxi on Houston
Street and the driver and I sped to the airport over dark, empty
On the way, I found a Samsung Note 3 in my bag that Review Editor Ron Amadeo had sent me a few weeks before. The thing had a Near-Field Communications (NFC)
chip in it, and I had set up my Google Wallet account on it earlier. I
also noticed that the taxi I was in had a tap-to-pay terminal
Monitise revenues rise but losses grow
September 15, 2014, 10:50 am
Revenue for the year was £95.1 million, up from £72.8 million the
previous year. But there was an Ebitda loss of £31.4 million, up from
£19.3 million in 2013.
Monitise had already warned back in July
that revenue growth would only be between 31% and 33%, not the 50%
predicted earlier in the year. In July, Ebitda losses were expected to
be between £32 million and £36 million.
The firm blames the
figures on an overhaul of its business model, as it ditches big upfront
license fees in favour of a subscription-based system designed to cut
Paytm allows digital wallet users to transfer money between them
September 15, 2014, 10:47 am
Paytm, run by mobile technology company One97 Communications, launched its mobile wallet in February, after it received a licence from the Reserve Bank of India last year to launch a semi-closed wallet. A semi-closed wallet allows users to digitally store cash for mobile and online transactions, but they cannot withdraw the money.
Paytm's wallet has 12 million users.
So far, the company's users could not transfer money to other Paytm wallet users. Telecom operators like Bharti AirtelBSE -0.41 % and Vodafone already offer this facility. "On the first day we had 10 lakh person-to-person wallet transfers," said Vijay
16 amazing things you can do with Apple Watch
September 11, 2014, 3:45 pm
There’s plenty to get excited about, but for our money, here’s the 16 Apple Watch features we think are the most important and interesting.
As well as listing our favourites, we’ve added our thoughts on areas
where we think Apple could possibly refine the Watch experience with
future versions or updates.
Even without things from our personal wishlist making the cut, we
definitely think this product is one to... watch. Let us know what you
think in the comments.
1. Answer or reject calls
One main function of a smart watch is to act as a second screen for
your phone. To this end, Apple Watch
Twitter breaks into mobile commerce
September 11, 2014, 3:42 pm
Twitter has begun testing a new mobile commerce service that may lead
to profitability in the future. The social media company has been
working on engaging mobile consumers more effectively on matters of
commerce in recent months. The company has seen a great deal of revenue
potential in mobile commerce and has been building services that appeal
to those that are interested in mobile payments and digital commerce.
New Buy button will be available to a limited number of users in the United States
Twitter has launched its Buy button,
which will allow users to purchase products directly from the social
media platform. The
Has Apple Pay arrived too late?
September 11, 2014, 3:39 pm
Once again, the company has garnered global headlines and rapturous
applause for introducing features and service long after everyone else.
That might be a good thing when it comes to making purchases with
your phone. Such “digital wallets” have been around for years, but who
uses them? I have, once or twice, and found them uniformly lame. Perhaps
the new Apple payment technology unveiled on Tuesday will finally crack
the code. I’ll let you know after Sept. 19, when the new iPhone 6 with
Apple Pay goes on sale.
But will consumers trust Apple Pay? Just days after iPhone photos of
naked Hollywood stars
MasterCard forces merchant POS upgrade to contactless as standard
September 11, 2014, 3:37 pm
The card scheme has set in motion a two-phase shift to contactless as a
standard by insisting that all new POS terminals must be capable of
accepting 'tap and pay' cards upon deployment as from 1 January 2016.
Existing POS terminals can be replaced at end of their natural
lifecycle, but at the latest by 1 January 2020.
head of contactless payments Europe at MasterCard says: "In 2013 alone
the number of MasterCard and Maestro contactless transactions across
Europe tripled and the volume spent on those transactions increased four
times. Contactless users tell us on social media that
Square, led by Twitter co-founder Dorsey, opens offices in Kitchener
September 11, 2014, 3:34 pm
Dressed in blue jeans, slip-on runners and a
black T-shirt, the 37-year-old Dorsey is the chief executive officer of
Square and co-founder of Twitter. Dorsey's personal style is
"normcore," or hardcore normal, that was personified by Steve Jobs at
Jack Dorsey on Twitter: @jack
Dorsey has been likened to Jobs. Not for the
way he dresses, but for his innovative mind that's helped create two
fast-growing, high-profile tech companies with worldwide impacts.
Mobile Payments: A Solution Still Searching For a Problem
September 10, 2014, 2:14 pm
The core challenge Apple faces is that buying things with a credit
card isn’t nearly as onerous a process as they make it out to be.
Mr. Cook showed a video at the product rollout of a woman burrowing
in her purse for a credit card, navigating past a box of Tic Tacs — Tic
Tacs! — and struggling to open her wallet in order to find her card,
then being asked to show her driver’s license before completing the
transaction. It had a lot in common, actually, with those infomercials
in which actors manage to horribly bungle the most basic
Mobile payments service Zapp bases brand identity on 'feeling you get when things just work'
September 10, 2014, 2:02 pm
real-time payments on mobile phones via existing mobile banking
applications, Zapp’s brand world centres around the ‘Tingle’, a graphic
representation of the feeling you get with things work.
active, relevant brand property built by SomeOne allows all
communications and touchpoints to work together with SomeOne/Else
developing the UI and product delivery.
Led by co-founder and executive creative director at SomeOne, Gary
Holt, who said: “What’s interesting with Zapp, is not only the
innovative and dynamic approach that the team at Zapp and Vocalink have,
but the fact that it is driven from the user up. From consumers to
merchants, banks to financial institutions, we
Bangladesh not yet ready for new mobile technology
September 10, 2014, 1:57 pm
Bangladesh is not yet ready for the latest in mobile technology -- long
term evolution (LTE) -- as the right business environment is yet to be
created, analysts said yesterday.
LTE handsets are costly with
limited market penetration, while relevant applications or content are
not yet available for the top speed mobile technology, they said at a
discussion on the second day of the Commonwealth Telecommunication
Organisation conference at Radisson Hotel in Dhaka.
Brig Gen Md
Wahid-Uz-Zaman, director general of Bangladesh Telecommunication
Regulatory Commission (BTRC), said only 3 percent of Bangladeshi mobile
users use high-end handsets and only
Apple Pay Could Finally Make Mobile Payments Happen
September 10, 2014, 1:52 pm
With a new iPhone or the Apple Watch, you'll be able to ditch your
cards and pay for stuff at more than 220,000 merchants by tapping your
device. That is, as long as you trust Apple.
Apple Pay is powered by NFC, or near-field communication, and it comes
with something called SecureElement, which isn't new (it's been around
for three years). It's a piece of hardware that stores your financial
information as encrypted. When you make a purchase, it will generate a
one-time transaction number. None of the financial info will be shared
with the merchant. Lose your
With Apple Pay, a Push Into Mobile Payments
September 10, 2014, 1:50 pm
Now, the biggest technology player of them all — Apple — thinks it has the formula for making it happen.
Tuesday, Apple announced that it planned to offer its own version of a
mobile wallet, teaming up with retailers like Target and restaurants
like McDonald’s, as well as the three major credit card companies. That
means that consumers will soon be able to buy a Big Mac or a laundry
detergent with the tap of a new Apple iPhone or a new smartwatch, also
announced on Tuesday.
Mobile payment startup Square said to be raising funds at US$6b valuation
August 28, 2014, 2:30 pm
The San Francisco-based company is seeking about US$200 million, with some of the funding coming from the Government of Singapore Investment Corporation, said the person, who asked not to be identified because the matter is private. That would push Square’s valuation up from about US$5 billion earlier this year.
Aaron Zamost, a spokesman for Square, declined to comment. A spokesman for GIC didn’t immediately provide comment. CNBC earlier reported on Square’s financing discussions.
Square is one of a crop of technology startups to target a large valuation as investors bet on companies that are at the forefront of
Top Five Mobile Banking Security Tips From Tech CU
August 28, 2014, 2:14 pm
SAN JOSE, CA--(Marketwired - Aug 27, 2014) - A record number of
consumers today are banking on their mobile devices for everything from
balance inquiries to mobile deposits. According to research group AlixPartners,
mobile banking is now used by 28 percent of banking Americans, with 60
percent of smartphone/tablet users saying mobile banking capabilities
are "important" or "extremely important" in their decision to switch
banks. With this convenience, however, comes the potential for fraud and
This summer, the first major mobile security threats hit the U.S. -- malware called Svpeng and HijackRAT
-- signaling financial institutions to step up security. Technology,
Apple iPhone 6 expected to include mobile payments, NFC
August 28, 2014, 2:11 pm
There's more evidence Apple is diving into the world of mobile payments with its next iPhone.
Wired, citing people familiar with the matter, reported Thursday
that NFC, or near-field communication, is coming to the hotly
anticipated iPhone 6 and will power a new mobile-payment platform on the
device. NFC allows for touchless, short-distance interaction between a
mobile device and other objects, often used to allow payments at a
register or a quick way for one phone to recognize another.
the bevy of iPhone rumors coming out in the run-up to the smartphone's
expected launch on September 9, the NFC prediction was already hinted
Digital payments could help billions of people without access to banks
August 28, 2014, 2:10 pm
Expanding the use of digital payments such as mobile money and
electronic transfers in developing countries could spur economic growth
and ease income inequality, while advancing towards the G20’s goal to
bring financial services to an estimated 2.5 billion adults who are
excluded from the formal banking sector.
Building on a telecoms revolution that has connected many of the world’s poor people to mobile banking services,
a report published on Thursday argues that governments in the G20
should target digital payments as a way to help people access basic
banking facilities, which it says will encourage saving while reducing
Western Union Launches Digital Remittance Business in Europe
August 28, 2014, 1:53 pm
The regions include Austria, Belgium, Germany, the Netherlands and
the United Kingdom. Western Union’s customers in this region will now be
able to make online and mobile Western UnionMoney Transfer®
transactions using their bank accounts.
With this service, senders can customize the remittance to suit the
preferences of the recipients. This service has been developed by
Western Union with the help of Sofort AG in Austria, Germany, Belgium
and the United Kingdom and with iDeal for services in the Netherlands.
In May, the company launched a new website in Nigeria which will
facilitate the consumer to send funds to more than 500,000