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What are Mobile Payment Services and How Do You Select the Right One for Your Business?

Stax

Building loyalty as a business means meeting your customers where they are, especially where payment options are concerned. Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. Mobile payment systems are revolutionizing how consumers pay for goods and services.

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PCI Mobile Payments on COTS (MPoC) Standard Version 1.1 Now Available

PCI Security Standards

of the PCI Mobile Payments on COTS (MPoC) Standard, designed to support the evolution of mobile payment acceptance solutions. The PCI Security Standards Council (PCI SSC) has published version 1.1

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myTU Introduces Google Pay for Secure Contactless Payments

Fintech Finance

This new feature enables both individuals and businesses to add their debit cards to Google Wallet, making payments more convenient and secure. This trend underscores a significant shift in consumer behavior towards mobile-enabled, contactless payments.

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Contactless payments rise from pandemic lows, but mall foot traffic still weakened

Payments Source

In addition to monitoring the spike in contactless payments because of the COVID-19 pandemic, Verizon Business has also cited the expected decrease in foot traffic at the largest malls in the U.S. through its mobile data metrics.

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Payment Processing USA: 2024 Market Overview

Clearly Payments

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions.

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Contactless payments will falter if they require too much of consumers

Payments Source

To take on these other forms of contactless payment, the POS must offer the same functionality as stationary cash registers, including card payments, digital receipts, coupon redemption, mobile payment and CRM integration, says GK Software USA's Todd Barstow.

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Contactless payments are safer, and a lot more convenient

Payments Source

Besides providing a safe, sanitary no-touch payment option for consumers, there are other advantages to contactless payments, such as line-busting, says Todd Barstow, vice president of payment solutions for GK Software USA.