Tag: mobile payments solution

This technology is intended to be implemented at some point during 2014 for transit users.

The well known Oyster cards used for London’s transportation system could soon be a thing of the past if the contactless mobile payments solution proves to be successful next year after it is implemented.

This could represent a considerable change in the technology that is used by the transit system.

The test of the contactless mobile payments will begin this month and is expected to run for two full months. It will involve the participation of 5,000 people who regularly use the Tube, the Overground, or the DLR. They will be able to tap their way into and out of the system using a bank card that doesn’t need to be swiped. The system was already implemented using NFC technology into the busses in London in December a year ago. The full implementation of the service is now expected to occur next year.

This use of contactless mobile payments is expected to save the system a tremendous amount of money.

In fact, it has been predicted that through the use of this NFC technology, instead of the traditional Oyster card, the transit system will be saving £80 million per year. This data is according to the information released by TfL in an interview that was conducted by the London Evening Standard.

It is not entirely clear exactly how this system will work. The passengers who use the service will be charged the rates that are the equivalent to the pay as you go system. However, when the system goes live, it is not yet known to the public whether the new form of transaction will allow them to purchase Travelcards at the reduced rate. At the time that the interview was held, TfLwas unable to state whether or not this new form of paying for transit would be followed by a method of using smartphones to pay for fare.

The TfL has stated that it is committed to a number of new contactless mobile payments initiatives that would include the use of smartphones for various purposes. This could include paying for fare, one day, but it also involves a promise that WiFi will become available in all of the Tube stations. All ticketing staff will also soon be equipped with iPads. The changes that will be made to offices and ticket halls will mean that 950 jobs will be cut as they are closed by 2015.

VeriFone and National Payment Card Association introduce new mobile payments solution

VeriFone, a global payments processor and service provider, and the National Payment Card Association have launched a new service designed to enable convenient store owners and petroleum retailers the ability to support mobile payments. As consumers become more focused on mobile technology, businesses are beginning to feel the need to adapt to the changing interests that consumers have. Mobile commerce is something that many people have been paying more attention to in recent years, and retailers have been working to accommodate consumers that are interested in mobile payments.

Solution targets convenience stores and fuel retailers

The new service utilizes VeriFone’s Smart Fuel Controller technology as well as a mobile payments solution developed by the National Payment Card Association. Using the new payment system, consumers can pay for gas and items from a convenience store with their mobile devices. The new service is also equipped with a reward program that can offer consumers discounts and other such benefits for their loyal patronage. VeriFone notes that consumers have been showing particular interest in rewards programs and these programs may be especially engaging for those that fuel their vehicles on a regular basis.

Mobile commerce continues to gain attention

Mobile commerce has managed to gain significant traction among consumers and businesses alike, but mobile payments are still in a state of infancy when compared to more traditional forms of commerce. Businesses and consumers are still working to learn the various aspects that exist within the mobile commerce field. The learning experience has been somewhat turbulent at times, with some businesses failing to attract the support of consumers with their mobile commerce platforms and security threats stopping people from making mobile payments regularly.

Companies have high hopes for mobile payments service

VeriFone has high hopes for its new mobile payments venture. Convenience stores and petroleum retailers are frequently visited by a wide range of consumers on a daily basis. Providing these people with a way to make purchases using their mobile devices is expected to attract a great deal of attention and support for those that have a strong interest in convenient services.