ON TOP OF THE WORLD? Gartner puts NFC payments right at the top of its hype curve, facing an uncomfortable slide into consumer and industry disillusionment. Hold on tight! Click to enlarge.
"Mobile technologies continue to be part of most of our clients' short- and long-range plans and are present on this Hype Cycle in the form of media tablets, NFC payments, QR codes and color codes, mobile application stores and location-aware applications," Fenn adds.
Showing posts with label micropayment. Show all posts
Showing posts with label micropayment. Show all posts
Thursday, August 11, 2011
Gartner's Hype Cycle places #NFC at 'Peak of Inflated Expectations' • NFC World
Monday, August 8, 2011
How #Visa Plans To Dominate #Mobile #Payments, Create The Digital Wallet And More | TechCrunch
Creating the digital wallet, both on the mobile and web platforms, is no easy task. Visa has a name for itself in the credit card industry but the fact is that the brand still has to attach innovation to itself in order for people to take these products seriously. Perhaps that’s one of the reasons why Google’s Mobile Wallet news created waves, even though NFC technology is in its early stages.
Visa competitor American Express is also working hard to innovate both at the large retailer level, as well as among smaller retailers, with GoSocial.
While Visa, American Express and others are looking to capitalize on the changes taking place in the payments industry, it is a challenging effort. Local commerce is a big part of this, and everyone is trying to find a way to close the redemption loop. But e-commerce, amongst larger retailers, is also a multi-billion dollar market that Visa hopes to continue to play in with products like a digital wallet. And in-store payments, whether that be through NFC, Square or others, represent another market.
I’ve been talking to a number of executives of payments companies and founders of innovative payments startups, and while their objectives are different, they all seem to agree on one thing. It’s early and there is still much more innovation were going to see in the next few years in the online and mobile payments space.
via techcrunch.com
Tuesday, July 12, 2011
Wednesday, July 6, 2011
Fortumo Brings Carrier Billing to #Android, Now in 61 Countries #micropayment #sdk #sms
One unique feature offered by the updated SDK from Fortumo is the addition of a "fallback" method for customers whose mobile operator does not support direct carrier billing. In these cases, Premium SMS will be used instead. And both options can be implemented with one integration.
Besides the fallback to Premium SMS, the new SDK also offers the following features:
- 1-click payments, no login or registration required
- Built-in support for consumable and non-consumable single items as well as virtual currencies
- A native Android look & feel
- "Offline" payment when a data connection is unavailable
- 61 countries, 22 languages and 42 currencies
via readwriteweb.com
Friday, July 1, 2011
Yankee Group: Global #mobile transactions to exceed US$1 trillion by 2015 • #NFC World
The value of global mobile transactions will grow from US$241 billion in 2011 to more than $1 trillion by 2015, a compound annual growth rate of 56%, according to Yankee Group's latest Mobile Money Forecast, part of a new Mobile Money Strategies research service.
Tuesday, June 7, 2011
#EBay acquires Magento, builds a commerce OS
By swallowing up Magento, eBay is building what it calls X.Commerce, an open platform that can offer a wide array of end-to-end services to merchants, providing everything from local inventory data and discounts to historical information on pricing, transactions and browsing. It then offers tools for payment and helps close the loop on transactions so retailers know how it all came together. EBay, PayPal and GSI, a digital marketing and e-commerce company that eBay is in the process of buying, would provide some of the basic building blocks for the platform. But X.Commerce would also incorporate other eBay assets and enlist the help of developers who could build on the operating system. EBay expects to share more about the X.Commerce platform at its newly renamed X.Commerce Innovate conference on Oct. 12 and 13. From the eBay press release:
It’s a big strategy move but one that has been tipped off by eBay’s recent acquisitions. With its pickups of RedLaser and Milo as well as its recent purchases of WHERE and Fig Card, eBay has been assembling the components for a deeper push into commerce, especially local transactions. RedLaser allows eBay to insert itself into comparison shopping as mobile consumers use their smartphones to help them shop. Milo helps connect users to the local inventory of products around them. With WHERE, eBay got not only a local guide for mobile users but also a location-based ad network and a deals service called WHEREBuys. That allows eBay to engage a user through an ad or deal; then, by integrating with PayPal for payments, it can close the loop on the transaction and theoretically charge a premium for it. Fig Card, a competitor to Square, also helps merchants accept mobile payments, which can include PayPal. And combined with GSI, which provides e-commerce infrastructure for large retailers and brands, eBay has solutions that appeal to both small and large companies.
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Tuesday, May 31, 2011
ACT and sQuid join forces to launch #NFC and #mobile solutions
Two UK firms involved in contactless ticketing and payments have joined forces to launch NFC and mobile phone-based solutions.
Transit specialist Applied Card Technologies (ACT) and digital payments company sQuid have merged under a new corporate umbrella, Smart Transactions Group, in a deal valued at £53.3m (US$87m).
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Monday, May 30, 2011
Official Google Blog: Coming soon: make your phone your wallet
Google Wallet is a key part of our ongoing effort to improve shopping for both businesses and consumers. It’s aimed at making it easier for you to pay for and save on the goods you want, while giving merchants more ways to offer coupons and loyalty programs to customers, as well as bridging the gap between online and offline commerce.Because Google Wallet is a mobile app, it will do more than a regular wallet ever could. You'll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.
Wednesday, May 25, 2011
Google Expected to Debut New Mobile Payments System for Android Tomorrow
According to a report published late Tuesday from Reuters, sources close to the Internet search giant say Google will unveil a new mobile payment system this week.
The mobile payments system will run on the Android operating system and be available on phones from Sprint Nextel Corp.
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Friday, May 20, 2011
Most People Ready to Make Payments with Their #Mobile Phone
2011 is the beginning of the NFC mobile payments era and consumers are eager to pay with their mobile phones at stores, stadiums, restaurants and etc. – for convenience or impress a date. Well, that’s what we found in a recent survey we conducted with U.S. consumers.
Defined as a mobile generation with its pulse on digital trends, 18-34 year-olds are particularly ready to take their transactions to the next level:
- 63 percent of 18-34 year olds would be at ease using mobile phones to make purchases versus those age 35 or older (37 percent).
- Consumers ages 18-34 (65 percent) feel more naked without their phones than their wallets, compared to 34 percent of those in the 35 and older group.
via: MasterCard
Monday, May 16, 2011
Connecting The Dots On eBay’s Local Shopping Strategy
Most recently eBay integrated Milo into a few of its core products, including RedLaser. So with a single scan of a product in a store, users can see which nearby retailers have a product in store, and at what price. eBay also integrated Milo’s results into its own marketplace, allowing users to include local shopping tab in search results to check a product’s local, or in-store, availability directly from the eBay search results page.
But surfacing local product results and integrating barcode scanning only scratches the surface of local and mobile commerce and its potential. There’s no doubt that eBay is reaping the benefits of mobile commerce (the company expects to do $4 billion in mobile gross merchandise volume in 2011).
Local Payments
And eBay realizes that in order to really capitalize on local and mobile in the ecommerce experience, the company also has to be a part of the point of sale for local merchants. And eBay has a player in this race—payments giant PayPal. PayPal has been making its own small forays into local commerce and late last year launched a new version of its popular iPhone app that allows users to find businesses near their immediate location that accept PayPal as a form of payment. The feature rolled out in San Francisco initially, but we haven’t heard much about the initiative since last November.
Why? Well, scaling this feature broadly to other cities is a challenge for even a large company like PayPal. Not only do they have to find the local businesses, but PayPal has to teach them how to use their mobile apps as a payment mechanism. Wouldn’t it be much easier to acquire a company that could help PayPal and eBay do this?
via techcrunch.com
Incorporating #mobile #commerce into a #multichannel #strategy - Mobile Marketer - Columns
Mobile shopping scenarios that retailers may want to consider include:
• Location-based services: Retailers can leverage GPS, Wi-Fi, Bluetooth, RFID or other technologies to detect the shopper’s location with their permission and find the nearest store. Retailers can then offer promotion information or coupons when customers are passing by the store.
• Self-scanning: Customers can use the camera in their phone to scan bar codes in 1D (UPC) or 2D (QR, Datamatrix, or other) formats on the store shelf, in-store signage or printed catalog. In doing so the consumer can connect directly to the retailer’s Web site for product information, promotions or marketing campaigns.
• Notification: Consumers can opt to receive order status, product availability, marketing and promotion information via SMS, MMS or direct mobile messaging.
• Digital wallet: Consumers can manage the following digital content on their mobile phones:
o Shopping lists: Add items by browsing the mobile Web site or by scanning bar codes on the product label and possibly share the list with others
o Gift lists: View and update a gift registry while shopping in the store or online
o Coupons: Organize coupons and redeem them in the store or online
o Flyers: Receive and manage weekly flyers in the digital wallet
o Mobile payment: Pay by direct mobile billing, Near Field Communication (which allows contactless communication between phones and special readers), pre-filled credit card or other payment information stored in the user profile.
Read the rest here: mobilemarketer.com
Wednesday, May 11, 2011
PayNearMe’s Cash Payments Product Can Now Be Used For Money Transfers, Bill Pay And More
Here’s how PayNearMe works. On participating partners, e-commerce or merchant sites, consumers can use the PayNearMe option to pay for purchases or debts owed. You simply place your order with PayNearMe and print out the given receipt. You then take that receipt into a 7-Eleven and they scan it and you pay in cash. Once you pay, your order with the retailer or merchant will be fulfilled.
PayNearMe has partnered with 7-Eleven and money transfer company Ria to allow users to initiate money transfers or bill payments using their mobile phones and complete these transactions in real-time at a 7-Eleven store register. The process is based on a new, free Ria Card, available now at 7-Eleven stores and which can be used to pay more than 3,000 US billers. This card also can facilitate sending remittances to family and friends.
via techcrunch.com
Tuesday, May 10, 2011
The #Bank of #Facebook: How will Facebook interact in the global economy? Brian Solis
Money is a tool we use for arms-length transactions, where there isn’t an assumption of any kind of relationship or trust between parties. But as data is being mapped at an accelerating rate – from self-quantification, to the contextual and relational data about our location and interactions, to our preferences and opinions, to our exchanges and transactions – we are being granted access to a much richer base of information in our decision-making toolkit.
What this means is that money isn’t the only kind of currency that can facilitate a transaction anymore. Trust networks are able to be tapped for recommendations and referrals, while predictive analysis algorithms can suggest the kinds of people, products, services, or events that would resonate with our personalities or value set. A new set of filtering tools are emerging that are shaping where we direct our attention and resources, namely intentions and actions.
These contextual clues around data become currencies in themselves, as they give us more information in order to make a choice or decide who to trust. Below are three examples of currencies that are having an impact on the formation of a new economic paradigm and redefinition of how we define, generate and exchange value: Facebook Credits, online identity, and reputation.
via briansolis.com
Can #Flattr Plus #Twitter Make #Micropayment a Reality?: Tech News and Analysis
The combination of the personal connection that Twitter allows and an easy system of micropayments has a lot of potential, but the odds of success are still astronomically low, if the history of micropayments is any guide. The concept behind Flattr is almost as old as the web itself: the idea that, using the power of the distributed web, an economy of “micro-payments” could be created that would make it possible for both individuals and corporations to charge tiny sums for their content. Since there aren’t any of the physical restrictions on money and transactions that occur in the real world, the theory goes, this kind of micro-economy should work quite well. The only problem is that it never has.
via gigaom.com
Say Hello to the F-Commerce Ecosphere [#Infographic] | Social Commerce Today
Here’s a useful infographic from Janice Diner, summarising the current ‘ecosphere’ f-commerce and the six ways in which vendors are selling with Facebook (see Janice’s full presentation here).
Friday, May 6, 2011
NXP: Up to 100m #NFC phones could be produced this year • NFC World
CLEMMER: Between 40m and 100m NFC phones will be produced this year
"NFC continues to bounce around," the CEO of NFC chip maker NXP has told analysts during an earnings call. "Every time we talk to our friends at Google, they tell us to double the numbers for the Android expectations."
"If the low end happens," he explained, "maybe it doesn't get to be greater than 40 or 45 million units this year."
Thursday, May 5, 2011
P2P Virtual Currency: Bitcoin
via weusecoins.com
Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
Monday, May 2, 2011
#RIM unveils #BlackBerry Bold 9900 and 9930 #NFC phones
BOLD TOUCH: RIM includes NFC as standard in two new phones Research In Motion has unveiled two new BlackBerry Bold smartphones with built-in NFC capabilities. The new BlackBerry Bold 9900 and 9930 smartphones are built on a new platform powered by the BlackBerry 7 operating system and, says RIM, are designed to deliver the ultimate in communications, multimedia and productivity for users around the world. 
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