Dream Payments to Showcase Mobile Point of Sale Solutions with Bluebird at NRF 2015

Dream Payments to Showcase Mobile Point of Sale Solutions with Bluebird at NRF 2015
January 10, 2015, 9:59 pm

NEW YORK, NEW YORK--(Marketwired - Jan.8, 2015) - National Retail Federation's (NRF) 104th Annual Conference - Dream Payments, a leading provider of Mobile Point of Sale solutions, today announced its participation at the NRF Big Show 2015 conference, January 11-13, 2015 in New York City.

Dream Payments enables merchants of all sizes to use mobile and tablet devices to accept EMV (CHIP) credit and debit card payments anywhere, anytime.The Dream Mobile Point of Sale works with iOS or Android smartphone and tablet devices.Dream Payments also licenses its Dream Payments platform to Merchant Acquirers that desire to offer mobile point of sale and

CIBC Tim Hortons Double Double Visa Card Recognized with Innovation Award
October 27, 2014, 2:34 pm

"We're delighted with the strong response from our clients and from Canadians to the new CIBC Tim Hortons Double Double Visa card," says Jenny Fagg, Executive Vice-President, Products & Payments, CIBC. "This award from ACT Canada speaks to our leadership in innovating for our clients to enhance their everyday banking experience."

"Tim Hortons is thrilled to continue to deliver creative and innovative payment solutions like the CIBC Tim Hortons Double Double Visa card that are both engaging and provide our valued guests with an opportunity to earn rewards for their loyalty," explains Glenn Hollis, Vice President, Brand Strategy, Marketing and Guest

How Mobile Technology Has Revolutionized Small Business
October 27, 2014, 2:28 pm

Mobile technology, whether you believe it or not, has — and will undoubtedly continue to — revolutionize the way business is done.

A look at the numbers

Each year, AT&T and the Small Business & Entrepreneurship Council conduct a poll that focuses small-business technology. The most recent study revealed some pretty interesting statistics and trends relating to mobile technology.

Here are a few of the main takeaways:

Collectively, smartphones and tablets save business owners around 2 billion hours each year. Mobile technology saves American small-business owners more than $65 billion a year. The number of small businesses that use smartphone technology to conduct business is now up

CVS And Rite-Aid Turn Off Apple Pay: What's Really Going On
October 27, 2014, 2:23 pm

In fact, by disabling the Near Field Communications (NFC) chip readers in all their credit card terminals they also turned off customers’ ability to use Google GOOGL +0.04% Wallet.  Why would they do this in the middle of the positive buzz surrounding Apple Pay? The answer is simple: Follow the Money.

Mobile payment providers are hoping to take a small bite out of the money that flows through the credit card approval and settlement process.  And CVS and Rite-Aid belong to a consortium of retailers, led by Walmart, who want that, and data about their customers too.

In typical Apple fashion, Apple Pay was launched

Indian e-commerce set to hit $ 6 billion mark in 2015
October 27, 2014, 2:19 pm

Praveen Sengar, research director at Gartner, said digital commerce in the country is still at a nascent stage, representing less than 4 % of the total retail market, but it is one of the fastest growing e-commerce markets in the Asia-Pacific region, Enterprise Innovation reported.

Sengar added that B2C e-commerce leads the market in India, while B2B is limited to organizations that drive online channels to integrate with their partners and distributors.

The market research firm Gartner Inc. said mobile commerce is also increasing traction and marketplaces, consumer product goods, and food and beverages companies have taken notice and started investing in

Competition is holding Apple Pay, mobile payments back
October 27, 2014, 2:16 pm

Apple Pay, the new mobile payment system for the iPhone 6, iPhone 6 Plus, and upcoming Apple Watch, promises to let you use your mobile device for purchases at a wide variety of retailers, from Macy’s to McDonald’s. But for any mobile payment system to truly succeed, much less actually replace your wallet, it needs to be usable just about everywhere.

New evidence surfaced last week showing that, despite an initial show of support for Apple Pay, competitive considerations are keeping many retailers from supporting someone else’s mobile payment scheme. Apple Pay was already competing with Google Wallet and other systems, but it

Etsy Launches Free Mobile Payment Dongle
October 24, 2014, 12:22 pm

I confess, I've never met an Etsy seller in real life. That's not to say they don't exist—that would be a bit silly. It's just that most of the times I've shopped on Etsy for something, the transaction has been entirely virtual: I fire up my credit card, I wait a few days, and some beautifully designed package arrives in the mail with a beautifully designed item inside.

If you're an Etsy seller who also maintains a real-life storefront—or just wants the ability to sell the neat trinkets you've brought along to a friend's party in person—then a brand-new device from

Money in a mobile world
October 24, 2014, 12:19 pm

The eyes have it

The growth of mobile devices in the last couple of years has been undeniably staggering. It is worth remembering that at the start of 2010 the iPad had not even been released and the word tablet was confined to the medical industry. nVision reported that at the start of the year ownership of smartphones and tablets among the British population stood at 70% and 41% respectively. Simply put, there are more eyes gazing into glowing screens than ever before.
But it is more than just eyes; Millward Brown's Ad Reaction 2014 research reveals that on an average day in

Why do retailers still not see mobile commerce as a priority?
October 24, 2014, 12:11 pm

Following years of mid-market retailers downplaying the importance of the mobile channel due to low conversation rates, mobile traffic now dominates online activity.

The result? Far too many retailers are simply opting for a quick-fix responsive design approach to create a ’mobile friendly’ experience that is anything but.

Slow loading pages, unmanageable navigation and tortuous checkout processes are driving bounce rates in excess of 80%.

Retailers are not only missing out on sales but creating an appalling first impression in what has rapidly become the dominant route to market, effectively closing the door to the mobile sales

Don’t Let Apple Pay Disrupt Your Mobile Payment Strategy
October 24, 2014, 12:04 pm

The phone, with its embedded Apple Pay capabilities, has the potential to be the tipping point for widespread adoption of mobile point-of-sale payments. While this is significant in and of itself, it’s important to step back and consider the bigger picture implications for your financial institution’s mobile payments strategy.

The key is to strike a balance between underplaying new developments and being driven by the news of the week. A good strategy should be flexible enough to adapt when new services such as Apple Pay come along, with a focus on how new developments fit into your existing plans.

Fiserv recently shared the

Ditching your wallet wholesale for plastic cards and mobile payments may be a bad idea, say financial advisers
October 24, 2014, 11:56 am

The 23-year-old adviser at the VTAG Financial Group Inc. in Toronto was one of the early adopters of the “cashless” lifestyle, a move to ditch pocket change and bills in favour of plastic cards and mobile phone payments.

“I simply decided that change and cash were too frustrating to deal with,” he said.

It’s a trend that’s becoming increasingly popular with consumers, and setting off alarm bells for some advisers who say it amplifies the risk for Canadians to unknowingly blow past their monthly budgets.

What makes digital transactions so dangerous, they say, is the intangible technology is attractive and easy to use, but also

Sorry Square: Etsy Just Released Its Own Mobile Card Reader
October 23, 2014, 11:42 am

Etsy made this move to help its shop owners better integrate its online and offline business — the card reader and accompanying app will help them keep track of inventory and sales all in one place. But it also feels like blow to Square. 

Square's core business is making little card reading dongles for small business owners, like Etsy sellers. A bunch of Etsy shop owners were likely already using Square's mobile payments option. Etsy's card reader will have the same 2.75% swipe fee as Square does, but will offer a more integrated experience with its marketplace. It makes sense that sellers

Mobile Now Plays a Vital Role in Online and In-Store Purchases
October 23, 2014, 11:39 am

In an effort to help retailers gauge the importance of mobile in their world, NinthDecimal recently released their Q2 “Audience Insights” report.

The report had many valuable takeaways, such as the fact that mobile now plays a critically important part in how consumers research products—both before heading out to shop and while in-store.

Additional insights include:

Smartphone product research is up 25% from 2013—and is likely to be even higher by the end of the year. 69% of mobile retail research is performed at home, and 12% at work. 45% of consumers have made an in-store purchase after viewing a mobile ad.

While exact conversion rates

Study finds mobile payments high on consumers' minds
October 23, 2014, 11:35 am

"Mobile payments have been around for years, but many consumers are not yet familiar with them. With the launch of Apple Pay, we see that conversation opening up in a way we haven't seen before," said Jonathan Pirc, Founder of Lab42.

In fact, according to Lab42 data 45% of non-iPhone owners say they would switch their Android, Blackberry or Windows devices to Apple for access to Apple Pay. Why the sudden interest in an online payment option?

Researchers polled 500 smartphone owners and found security and simplicity to be two leading reasons. The respondents said they liked the idea of

Europe leads world in mobile payments as North America lags behind
October 23, 2014, 11:31 am

Adyen, the Amsterdam-based payment technology company, released the findings as part of its Q3 Mobile Payments Index. It’s worth noting that the index covers the last period before Apple Pay launched, a service many hope will give mobile payments a boost.

Overall, mobile devices accounted for 23.3% of all online payments for the three months ending September 30, according to the report. That was up from 21.5% in the previous quarter ending in June.

Europe was first among regions, with 24% of all mobile payments. Asia was second with 17%. Asia was also the fastest growing, with

Taxes payable by mobile money in Kenya
October 23, 2014, 11:27 am

The country's second largest mobile network has partnered with the Kenya Revenue Authority (KRA) to switch on the service.

As a result, Airtel Money customers across the country can make enquiries over KRA services, generate KRA payment reference numbers, and make payments through Airtel Money using the shortcode *572#.

"The revolutionary service provides Airtel Money customers in Kenya a convenient, flexible and time saving option for tax payment as they will no longer have to walk into KRA banking halls to queue to pay their taxes," Airtel Kenya said.

"Taxpayers who pay taxes using Airtel Money are

Android platform is gaining ground as a mobile commerce, advertising platform
October 22, 2014, 3:30 pm

The Android platform is quite popular among consumers, but not necessarily among businesses and large enterprises. Many analysts in the e-commerce, advertising, and software sectors believe that Google’s mobile operating system is too exposed to malicious software and is fragmented by nature. For years, analysts have also suggested that Android consumers spend significantly less money through their mobile devices and these people are not likely to engage in any dynamic marketing. This may no longer be the case.

New report predicts that 1.2 billion people will be using Android by the end of this year

A new report from BI Intelligence shows that the

Why mobile commerce is terrified you'll be banking on Apple Pay
October 22, 2014, 3:27 pm

So when Apple enters a new market, the existing big beasts of that industry need to sit up and take notice. With the launch of Apple Pay on Monday, it is the banks that need to work out how they can remain relevant in the face of the technology giant.

Don't get me wrong – Apple Pay doesn't look like it will kill off the banks. As it stands now, the new service is about using smartphones' in-built NFC technology to make retail purchases by tapping the device to wireless terminals in stores. That may not sound like a threat to banks, and

Pay your taxes through Airtel Money
October 22, 2014, 3:20 pm

Through the partnership, Airtel will now allow customers across the country to inquire for KRA services generate KRA payment reference number (PRN or an e-slip/invoice number) and make quick simple payments through Airtel Money.

The service provides Airtel Money customers in Kenya a convenient, flexible and time saving option for tax payment as they will no longer have to walk into KRA banking halls to queue to pay their taxes.

Airtel Kenya CEO Adil El Youssefi said that the new partnership will usher in unparalleled customer convenience, stressing that the move is aimed at increasing Airtel Money customer satisfaction and convenience.

“Airtel will continue

Starbucks to launch mobile commerce initiative for the holidays
October 22, 2014, 3:14 pm

Starbucks has some big plans for the holiday season. The company intends to entice consumers into its stores during the holidays by offering mobile ordering and pay services this year. The company plans to launch this initiative in Oregon before possibly rolling it out to other states throughout the country. Starbucks sees a great deal of promise in the mobile commerce space and aims to connect with consumers that are shopping via mobile devices this year.

Starbucks continues to find success by engaging mobile consumers in dynamic ways

Starbucks has managed to establish a strong presence in the mobile payments space. The company

Apple Pay is only the start: Mobile wallets are about to take off
October 22, 2014, 3:06 pm

Exciting stuff, but haven’t people been predicting the end of cash for some years now? Despite new developments like Apple Pay, talk of a “mobile wallet” revolution (with smartphones becoming the primary means of payment) has so far failed to translate into a mass movement. Is this set to change?

Analysts at Transparency Market Research confidently predict that the global mobile wallet market will be worth $1.6bn (£991m) by 2018. Yet the UK Payments Council reported at the beginning of June that 52 per cent of all payments made last year were in cash.

Our own survey, carried out by YouGov, showed that only 22 per cent of British mobile

Apple Pay won't replace your wallet any time soon
October 21, 2014, 11:55 am

Today is Apple Pay day, finally extending to iOS users a capability that Google and several others have already tried, unsuccessfully, to make mainstream.

For several reasons, Apple’s foray into mobile payments appears to have a good shot at succeeding where others have fallen short. Some point to the iPhone’s massive market share. Although more Android devices may be in the hands of consumers overall, everyday Android users who don’t read technology news and reviews obsessively might not know if their phones have an NFC chip or even how to set up Google Wallet. But with the homogeneity of iOS, everyone

Obama signs “BuySecure” initiative to speed EMV adoption in the US
October 21, 2014, 11:50 am

On Friday, President Obama signed an executive order to speed the adoption of EMV-standard cards in the US. The transition to EMV—an acronym eponymous of Europay, MasterCard, and Visa, the companies that developed the standard—has been slow to gain traction in the US. The EMV standard will require credit card companies to stop relying on the magnetic stripe cards that are common today and move toward cards with embedded chips that will offer more secure credit card transactions.

Square is pushing forward with a new credit card reader for the 2015 transition.

Lawmakers and credit card companies confirmed earlier this year that the US

As Apple Pay Arrives, Witnessing the Next Step in Money. Maybe.
October 21, 2014, 11:45 am

He has lost his wallet twice in the past year. He has fallen victim to credit card theft three times. On one occasion, a thief plucked a credit card replacement sent to his home directly from his mailbox.

Mr. Donohue said that is why he was excited to use Apple Pay, the tech giant’s new e-commerce product released on Monday. By pushing a button on his iPhone, he can make a purchase at one of the thousands of retail locations, including Macy’s or Walgreens stores, using the new service. No wallet, cash or plastic

Cape Town launches mobile transport app
October 21, 2014, 11:32 am

The mobile application, developed by software development company ‘Where is My Transport’ at a cost of about R1.5m, will be available for windows phone, iPhone, android powered phones and blackberry.

Cape Town says the application is the first of its kind in Africa.

The application will be able to map out all the different public transport services across the city which includes the MyCiTi bus service, Metrorail, Golden Arrow, the Jammie Shuttle service and city sightseeing buses. It will tell commuters which mode — bus or rail, or combination of the two — to use to reach their destination. The information the application will

Canadian retailers may experience some turbulence due to mobile commerce
October 21, 2014, 11:29 am

Canadian retailers may be in for a turbulent holiday season. Price wars and consumers skittish about mobile and e-commerce may put retailers under significant strain this year during the months of November and December. The growing prevalence of mobile commerce, in particular, may make it harder for some retailers to find traction with many people. These retailers have been investing heavily in their mobile infrastructure, but they may not see returns due to the fact that many consumers are not yet comfortable with the idea of shopping online with a mobile device.

WalMart sees troubling trends emerge in the retail market

WalMart has big plans

Microsoft Plans To Launch A Wearable Device Within Weeks
October 20, 2014, 1:45 pm

The gadget is a smart watch that will passively track a wearer’s heart rate and work across different mobile platforms. It will also boast a battery life of more than two days of regular use, sources close to the project say.

That could put it ahead of Samsung’s Galaxy Gear smart watch and Moto 360 which both need to be charged around once a day. The wearable will hit stores soon after launch in a bid to capture the lucrative holiday season, a timeline Apple AAPL +1.59% was reportedly targeting before it delayed its own Watch to early 2015.

Forbes first reported in May that Microsoft

Mobile Payments To Benefit From Tech Investments
October 20, 2014, 1:41 pm

“By aligning innovative payment technologies – particularly those based on mobile usage and new mobility trends – to industry requirements, the financial services industry can reduce total investments. While the initial investment to adapt IT services to industry needs is significant, the quick return on investment (ROI) and positive feedback more than makes up for this,” said Frost & Sullivan Information & Communication Technologies Global Programme Director Jean-Noël Georges. “Ultimately, this is a win-win approach, where the financial institution can minimize its spending on client account management while adopting a payment technology that facilitates mobile banking and associated services.”

The problem, as companies

Three in Five Americans Fear Mobile Banking
October 20, 2014, 1:32 pm

GOBankingRates investigated how secure consumers feel about banking over their smartphones. They found that, while 44% of consumers say they aren’t worried about mobile banking, the majority have major concerns about accessing their bank accounts over their phones. GOBankingRates’ poll, which asked respondents about their biggest mobile banking fears, revealed consumers’ concerns include technical issues, missing funds, misuse of information, and lack of paper documentation.

Reality Check: It’s going to be difficult convincing consumers to adopt mobile payments and mobile wallets as long as the financial industry continues to have security issues. Between phishing scams and hacks at retailers like Home Depot, consumers

With Apple Pay, tech giant bets big on mobile payments
October 20, 2014, 1:28 pm

That would be Apple's best-case scenario as it officially launches Apple Pay, the new mobile payment service that allows users to buy goods with their smartphones. The tech titan is betting consumers will no longer want to carry their wallets, credit cards or cash.

Here is how Apple Pay works: users walk up to a checkout line while hold their iPhone 6 or iPhone 6 Plus up to a special reader. By simply pressing the fingerprint sensor, the transaction is completed.

For online shopping within apps, apple pay is also available on the recently announced iPad Air 2

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