Lord & Taylor and its Canadian counterpart Hudson’s Bay Company are now accepting bitcoin payments through the mobile application Pounce, enabling customers to purchase directly from a print ad.
Mobile payment users, on average, spend approximately twice as much through all digital channels than those not using mobile payments, according to a new report from business consulting firm Bain & Co.
The City of Chicago will be introducing a pay-by-mobile program for parking this spring to bring more convenience to its residents.
McDonald’s Sweden is integrating mobile payments into its application to deliver the best service to its customers and create new utility.
Magnolia Bakery is developing a mobile loyalty and payments application that will feature a different reward each month based on users reaching a certain number of purchases.
Mobile is a key part of the feature set and marketing behind the new American Express EveryDay Credit Card, which is targeted at on-the-go moms who depend on their smartphones to help manage their busy lifestyles.
While mobile wallets have attracted consumer interest, they are failing to yield true adoption, with just 16 percent of mobile device owners having made an in-store purchase with their phone in the past three months, according to a new report from Yankee Group.
As the mobile wallet competition continues to heat up, Chase has decided to throw its hat in the ring with a checkout solution, but it remains to be seen if there is any space for more services.
With mobile payments growth progressing slowly thanks to ongoing security concerns and a lack of consumer enthusiasm, MasterCard and PayPal’s Venmo are taking a different route to the top by focusing on geolocation.
PayPal has announced its plans to create a payments application for wearable devices, expanding its prowess over mobile commerce.