Emerging Trend: Turn Purchases into Conversations

With Facebook and Twitter integrating payments into their mainstream services, the time has come to leverage social media in the payments and commerce space. With the typical social-media user habitually sharing day-to-day activities, it’s natural for users to share payments on social platforms. Let’s have a look at two companies that are making an impact

WorldRemit now enables the transfer of funds to friends and family in Indonesia via Indosat’s Dompetku

Indonesians received an estimated $7.6 Bn in remittances in 2013, an increase of 5% over the previous year, according to the World Bank. On 21st July 2014, online money-transfer service WorldRemit announced that it is now offering its users the ability to send money to friends and family in Indonesia who use Indosat’s Dompetku Mobile Money service. “WorldRemit is

Wearable technology contributes in driving payment revolution

There has been a digital disruption causing a dramatic change in the function, purpose and design of payments channel in just over a decade. Wearable payments will be one of the ways customers do transactions. It is all about convenience and the speed of the transaction. Look at the number of wearable devices being launched

ReD to be Acquired by ACI Worldwide for $205 Million, as Fraud Expertise Becomes Hot

With the global e-commerce market forecast to grow over 17% a year, representing a total value of almost $2.4 Tn by 2017, fraud prevention is becoming a big issue in the industry. With that in mind, on 21st July 2014, ACI Worldwide, a leading global provider of electronic payment and banking solutions,  announced that it had

Starbucks app to allow preordering … but will it shorten the queues?

Starbucks is well known for proactively embracing cashless payment methods. The Seattle-based company hit the headlines a few years back when it teamed up with Square to process mobile payments. Its mobile payment app is already well known for enabling users to pay by scanning the bar code tied to the account in the app.

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LevelUp Launches Android Wear App To Enable WristBased Payments Thought paying with your smartphone was futuristic? Well, now you can pay with your smartwatch too! The future is coming… and here at LevelUp, we’re just a little bit too excited about it. Today, we’re announcing the launch of our LevelUp application for Android Wear™. LevelUp for Android

Dell Partners with Coinbase to Jump on the BitWagon

Recently, we wrote about satellite TV provider Dish Network beginning to accept Bitcoin. It was big news. On 18th July 2014, another huge announcement was made in favor of the digital currency – Dell began accepting bitcoin on their website. “We’re piloting bitcoin, the world’s most widely used digital currency, as a purchase option on

LevelUp Launches Android Wear App To Enable WristBased Payments

Coffee with the flick of a wrist? You got it. BOSTON — June 18, 2014 — Thought paying with your smartphone was futuristic? Well, now you can pay with your smartwatch too! The future is coming… and here at LevelUp, we’re just a little bit too excited about it. Today, we’re announcing the launch of our LevelUp application

PAYTOO Mobile Wallet is now ready to disrupt the ATM market

FORT LAUDERDALE, Fla., July 15, 2014 – Cardless ATM is a reality for banked people but not for the unbanked. In keeping with its tradition, PAYTOO® is the first Mobile Wallet to offer this solution to the unbanked population. Thanks to the great collaboration of GENMEGA, PAYMENT ALLIANCE and PAYTOO Mobile Wallet™, this solution improves customer convenience

TRANSFAST and YES BANK Launch Instant Bank Deposits for Money Transfers to India

New Service Offers Unparalleled Speed, Value, and Convenience for NRIs Around the World New York and Mumbai, India, July 17, 2014 – TRANSFAST, a leading international money transfer company, and YES BANK, India’s fourth-largest private-sector bank, today launched a first-of-its-kind, instant money transfer service to banks across India. This service operates via the National Payments Corporation