Paym is the name of the scheme launched by the Payments Council to link all UK phone numbers to bank accounts. Essentially, lots of banks – notably Barclays with Pingit – now let users assign their account details to their phone numbers inside an app. This means they can pay another person without ever needing … Read more
In 2016, Facebook got very serious about chatbots. It wants to move to a world in which people can have conversations with bots inside Messenger as if they were humans. The idea is that this is a more natural and intuitive way of finding stuff out (when’s my flight? where’s my order? have you got … Read more
Remember when payleven made a big old fuss about being the first mobile POS firm to launch a chip and PIN reader? Well, fair enough, it was. But it wasn’t the whole story. The device itself was actually made by UK-based Miura Systems. In fact, virtually all such chip and PIN readers are. The device in question … Read more
The idea of using a barcode to speed up payments is hardly new. Lots of firms are having a go. Currently, MPayMe is making a lot of noise, while Square, PayPal and Starbucks have all incorporated the basic tech into their payment apps. You can see why. In a retail setting, a scan takes seconds compared with (potentially) minutes … Read more
According to the IMRG Capgemini Quarterly Benchmarking survey, £62.4 billion was spent at online retail sites. Not surprisingly, a significant wedge came from phones and tablets. Between Q1 and Q4 2012, sales via mobile devices went from 8.2 per cent to 15.4 per cent. They were four per cent in 2011. “While we are starting … Read more
Last year, Zapper launched in the UK – one of many firms hawking the idea of using a barcode to speed up payments. Zapper asks users to download its app, assign their payment details once and then pay with a simple scan whenever they see a Zapper code. The firm targeted utility firms at first, but is … Read more
Hello lovely reader – and thanks for clicking through to Mobile Money Revolution. The fact that you’re here proves that you are highly intelligent and attractive, and also that you’re searching for information on the mobile money space. And so you should be. Why? Because the world is on the brink of a huge transformation … Read more
Last year, Jumio made the headlines for its image recognition system Netswipe, which uses the camera as a payments tool. The merchant trains their viewfinder on the plastic card to register the details automatically. The user just has to enter their PIN code to complete the payment. Now, Jumio is building on the fundamentals of this tech … Read more
Jumio is one of a number of firms trying simplify and speed up transactions by using the phone camera. Its tech scans and recognises cards and other ID docs with a photograph, so there’s no need for customers to manually enter credit card payment information. Netswipe Version 2.0 features include faster scanning and the ability … Read more
UK’s biggest grocer trialling scan as you shop. Most payments watchers believe that mobile wallets will not succeed until they are neutral and can house all payments and loyalty cards. Tesco obviously doesn’t agree. It’s reported to be trialling a wallet that sits inside its current app. This will enable users to add any payment … Read more