Friday 13 January 2012
Canada goes payment
Mobile payments explodes
PayPal expects to handle $7 billion in mobile payments volume in 2012
The $7 billion 2012 forecast was made by eBay CEO John Donahoe at the CES technology show in Las Vegas.
it comes after a breakthrough year for mobile shopping as PayPal hit $4 billion in mobile payment volume, a huge increase on the firm's original 2011 prediction of $1.5 billion and the $750 million in mobile payments captured in 2010.
Donahoe says the firm currently has more than 17 million PayPal customers regularly making a purchase through their mobile phone, up from the eight million reported in June.
Mobile shopping apps and tablets are expected to play a major role in driving adoption, he says.
Recent IBM Benchmark data indicates that 75% of shoppers this holiday season made purchases on their tablets, with the iPad driving the bulk of these transactions.
it comes after a breakthrough year for mobile shopping as PayPal hit $4 billion in mobile payment volume, a huge increase on the firm's original 2011 prediction of $1.5 billion and the $750 million in mobile payments captured in 2010.
Donahoe says the firm currently has more than 17 million PayPal customers regularly making a purchase through their mobile phone, up from the eight million reported in June.
Mobile shopping apps and tablets are expected to play a major role in driving adoption, he says.
Recent IBM Benchmark data indicates that 75% of shoppers this holiday season made purchases on their tablets, with the iPad driving the bulk of these transactions.
Thursday 12 January 2012
Innovate and Integrate
Shoppers need new ways to save
money in 2012
As consumers continue to cut back on their spending during what is a
difficult time for the retail sector, there are calls for widespread adoption of
innovative techniques to keep the tills ringing. But according to retail
platform Shopow, all new features that are introduced should have the ultimate
goal of helping shoppers to discover deals, enhance their experience, and most
importantly, save money.
A new report from Verdict Research has predicted another tough year for retailers in 2012, with a growth rate predicted to be the third slowest for 40 years. As many consumers overspent at Christmas, the first few months of the year will be particularly difficult.
With £58.6 billion in consumer spending accounted for online in 2011; it is clear that 2012 will be a year where further developments will be made in Web 3.0 with many experts heralding the dawn of the "super digital consumer."
Many experts are suggesting that major digital and cultural consumer trends will converge in the coming year. The prevalence of mobile technology will be ever more obvious; it will be more intuitive and interactive than ever before and will operate as a shopping interface to everything beyond the virtual world. Retailers are clearly reacting to these consumer realities much more quickly; due both to the economic climate and the success that brand engagement has had online.
Ellen Flood, independent shopping expert from Shopow, said, "Pressures brought about by tight budgets are prompting retailers to consider new approaches to attracting shoppers. High street stores are now beginning to embrace interactive technology to create a more personal and involving shopping experience, in order to encourage the destination and experiential shopping that is currently somewhat lacklustre. The future for portable computing devices will be merely as a portal to other things, rather than as particularly desirable items in and of themselves. Either way, interactive technology will become even more all pervasive than it already is."
The advent of mobile technology has provided the shopper with far more product information and price information than ever before. M-commerce enables the high street shopper to compare prices on the go as they shop; through facilities like QR codes and in store price comparison apps. It's predicted that this idea, in the coming months, will facilitate the purchase of one item per second from mobile computing platforms – resulting in a massive growth rate during the course of the year.
Moreover, we are gradually moving into a cashless world – even though this has been claimed for the past 5 years – Google, MasterCard and PayPal are rolling out contactless mobile technology to make payment far easier with the ordinary smart phone operating as a credit card.
Ellen, said, "Stores that are embracing a multi-channel approach across mobile, online and in-store will be best placed to benefit from the latest innovations that include the integration of social media. Smart phones are beginning to function as a platform to get detailed product information on the go, seek out the best deals, take recommendations and actually buy the product with contactless technology."
A new report from Verdict Research has predicted another tough year for retailers in 2012, with a growth rate predicted to be the third slowest for 40 years. As many consumers overspent at Christmas, the first few months of the year will be particularly difficult.
With £58.6 billion in consumer spending accounted for online in 2011; it is clear that 2012 will be a year where further developments will be made in Web 3.0 with many experts heralding the dawn of the "super digital consumer."
Many experts are suggesting that major digital and cultural consumer trends will converge in the coming year. The prevalence of mobile technology will be ever more obvious; it will be more intuitive and interactive than ever before and will operate as a shopping interface to everything beyond the virtual world. Retailers are clearly reacting to these consumer realities much more quickly; due both to the economic climate and the success that brand engagement has had online.
Ellen Flood, independent shopping expert from Shopow, said, "Pressures brought about by tight budgets are prompting retailers to consider new approaches to attracting shoppers. High street stores are now beginning to embrace interactive technology to create a more personal and involving shopping experience, in order to encourage the destination and experiential shopping that is currently somewhat lacklustre. The future for portable computing devices will be merely as a portal to other things, rather than as particularly desirable items in and of themselves. Either way, interactive technology will become even more all pervasive than it already is."
The advent of mobile technology has provided the shopper with far more product information and price information than ever before. M-commerce enables the high street shopper to compare prices on the go as they shop; through facilities like QR codes and in store price comparison apps. It's predicted that this idea, in the coming months, will facilitate the purchase of one item per second from mobile computing platforms – resulting in a massive growth rate during the course of the year.
Moreover, we are gradually moving into a cashless world – even though this has been claimed for the past 5 years – Google, MasterCard and PayPal are rolling out contactless mobile technology to make payment far easier with the ordinary smart phone operating as a credit card.
Ellen, said, "Stores that are embracing a multi-channel approach across mobile, online and in-store will be best placed to benefit from the latest innovations that include the integration of social media. Smart phones are beginning to function as a platform to get detailed product information on the go, seek out the best deals, take recommendations and actually buy the product with contactless technology."
Handpoint offers a payment solution for mobile and fixed wire devices
A payment solution for mobile and fixed devices
The best thing about our payment solution is that it works on different devices like, PCs, Mac, Smartphones and Tablets, but you only have to integrate once for all devices.A new point of sale with your app in no time
handpoint headstart makes it simple to open up a new point of sale, even an international one, with your app and we promise that the integration process is smooth and easy.Accept all card payments NFC - EMV – MSR
handpoint headstart with a bluetooth ped enables you to accept all card payments Chip&PIN (EMV), Magstripe (MSR) and Contactless (called NFC which means Near Field Communications).A secure solution that lowers your PCI costs
handpoint headstart is top of the line when it comes to security. handpoint is a fully certified PCI DSS (Payment Card Industry Data Security Standard) payments provider. This means that our payment solution is recognized and approved as a totally secure way to accept payments. It also means that our customers can reduce their own PCI costs, which is great.
Access to your payment data
Our payment solution provides you with an easy access to your payment data 24/7 with detailed transaction information. This enables you to analyse your business transactions anywhere, anytimeMonday 9 January 2012
Startup's to watch
LevelUp/SCVNGR
While solutions such as Google Wallet try to introduce mobile payments through NFC technology at a time when there are few devices on the market that supports it, SCVNGR has launched a solution called LevelUp that works with any phone and any bank account. The app gives any merchant the ability to run a loyalty program that works similarly to the Starbucks App, which allows users to pay using a code displayed on their phone and collect reward points.
LevelUp users link any credit or debit card to their LevelUp accounts the same way that Starbucks links a gift card to its app. When they get to a LevelUp merchant, the app generates a unique QR code at the register that can be scanned with a merchant app to pay. Merchants can add rewards to LevelUp that are already waiting for customers the first time that they use the app, and customers earn free credit at that merchant every time they spend money there using the app.
Since launching in October, the app has signed up more than 100,000 users and has about 1,000 businesses. Meanwhile, T-Mobile has helped deploy more than 2,500 docking stations that stand in for the merchant app as a scanning mechanism at checkout counters. It’s a modest start, but LevelUp has all of the ingredients to become more widespread than competing mobile payment options.
Dwolla
Let’s be frank: transferring money through social networks sounds shady. Which is what makes it impressive that Dwolla, a payments startup that makes transfers through Twitter, Facebook, SMS and other virtual channels, was processing $1 million per day less than a year after launch.
Dwolla’s 70,000 users make payments through Twitter, Facebook, SMS and other virtual channels by connecting their bank accounts to their Dwolla accounts. The service integrates with social networks to alert payment recipients there is money waiting for them in their own Dwolla accounts that can be transferred to their bank account. Payments of up to $10 are free and anything larger costs $0.25 — which is cheaper than paying a credit card fee.
In December, the company launched a new feature called Instant that lets users pay on up to $5 of credit while waiting for bank transfers from their accounts, making this process instant.
Sunday 8 January 2012
Collective POS Launches Mobile Payment Solution for Apple, Blackberry and Android Smartphone Devices
Collective Point of Sale Solutions, a Canadian provider of payment processing services, has launched VirtualMerchant Mobile, a mobile P.O.S solution that allows small and medium-sized businesses to process credit card payments using an existing smartphone device.
To set up, merchants who have been approved for credit card processing download an application from the relevant app store and enter the account information provided to them by Collective POS.
VirtualMerchant Mobile includes both hardware and software features to ensure complete end-to-end transaction security. To protect merchants and cardholders, no payment information is stored on the mobile device. At the time of swipe, card data is encrypted through the provided card encryption sleeve and immediately sent to a firewall-protected, secure hosting environment.
“This solution is perfect for taxi and livery services, companies that offer delivery, participate in trade shows or flea markets, home-based businesses and any other business that wishes to accept credit cards on the go,” said Michael Back.
In addition to portability and information security, VirtualMerchant Mobile offers the reliability that is synonymous with all Collective POS offerings, making it an ideal solution for any on-the-go business or service.
Collective POS serves more than 10,000 businesses across Canada, including retail stores, restaurants, hospitality providers, mobile services, e-commerce merchants, mail order/telephone order businesses, professional firms/clinics/practitioners, B2B product/service providers, tradespeople and many other industries.
Source: Collective Point of Sale Solutions, Ltd.
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The firm is also set to start shipping a free, newly-designed GoPayment card reader in both the US and Canada that will "increase the accuracy of each card swipe".
Chris Hylen, GM, payment solutions, Intuit, says: "We're taking two big steps forward today: announcing GoPayment in Canada, and releasing a new and improved card reader. This is part of our strategy to offer GoPayment internationally and to innovate in ways that make it easier for our customers, in all markets, to never miss a sale."
The Canada moves sees Intuit steal a march on Square, which also plans to expand beyond the US market this year. The start-up, founded by Twitter's Jack Dorsey, was claiming a million merchant customers by the end of last year and the OfficeMax and UPS deals mean that it is now being sold in around 10,000 stores throughout the US.