Imagine a future in which shoppers pull up to your checkout counter, wave their credit cards or mobile phones, and then walk out with their purchases. It almost sounds too good to be true. The future is here. Visa, MasterCard, Discover and American Express have all launched their own contactless payment technologies, and there are… Read more
Apple Pay is a new mobile payment technology that was released simultaneously with the iPhone 6 and Apple Watch. Like earlier mobile payment solutions, Apple Pay uses near field communication (NFC)to establish a connection between a customer’s smartphone and a merchant’s terminal. Rather than have the retailer swipe traditional credit card plastic, Apple Pay allows… Read more
Mobile payments are on the rise as American consumers increasingly rely on their smart phones to shop: Google already has a virtual wallet Amazon is poised to release the Fire Even Apple is getting into the mobile payment game with Apple Pay It’s not difficult to understand why this shift is happening. Why… Read more