Tag: ncr mobile payments

Mobile payments may benefit from new partnership

LevelUp, a mobile payments company, has partnered with NCR, a leading supplier of point-of-sale software in the U.S. Together, the two companies will focus on spreading mobile payments throughout the U.S. and getting consumers more comfortable with the concept of using their smartphones and tablets to pay for products. Mobile commerce has been growing more common in the U.S., but many consumers are still leery as there are many security concerns that surround the subject. LevelUp, along with NCR, hopes to placate these concerns by providing consumers with a comprehensive mobile payments platform.

LevelUp continues to generate hype in mobile commerce

LevelUp has managed to generate some hype in the world of mobile commerce, especially in the retail sector.  The company offers its own mobile payments application, which can be used by consumers to make purchases from a mobile device. It also offers a platform designed for retailers who are interested in reaching out to mobile consumers, providing them with a way to facilitate mobile payments. This platform leverages the universal usability of QR codes to help make mobile payments more available to a wider range of consumers. Near the end of 2012, more than 500,000 people were making use of the LevelUp application alone.

NCR contact may prove beneficial for LevelUp

NCR has an extensive network of connections in the retail sector as well as the food industry. The company specializes in designing point-of-sale systems and has taken note of the rise in demand for mobile commerce systems in recent years. NCR is working to meet the needs of its clients by putting more focus on supporting mobile payments. LevelUp is expected to benefit from its new partner’s extensive access to businesses in the retail sector.

Companies look toward food industry

LevelUp is not only focused on the retail sector, of course, and has interests in the restaurant business as well. LevelUp believes that mobile payments can be especially successful in restaurants that work to cater to mobile consumers. As such, the company has been working to break new ground in this sector and grow more appealing to those in the food industry. NCR is expected to aid in this endeavor as it has connections to the food industry.

The new service that could result may give a considerable advantage over competition like Square.

Two of the largest players in mobile payments – PayPal and NCR – have just announced that they will be working together in a major new deal that may help to create a significant advantage for themselves within this marketplace.

This should help PayPal to gain a notable edge when compared to its competition.

This could be unwelcome news for Square, which is the primary competition within that sector. The assistance of the point of sale company, NCR, could give PayPal a great deal of additional weight. The agreement will bring mobile payments from PayPal into the apps and services from NCR that are commonly used by retailers and restaurants.

It will begin by simply adding a PayPal mobile payments checkout option within NCR’s Pay application.

This will provide restaurant patrons with the opportunity to use their smartphones to use PayPal to pay for their meals. However, the services will expand from there over time. Soon, there will be a PayPal dining experience in which it will be able to use its own mobile payments apps whenever a customer checks in at a participating NCR location.

Though this may sound like a light deal at first – particularly as PayPal has already recently announced that there are 23 retailers currently using its own point of sale solutions – this could end up being one of the mobile payments company’s most important developments as it seeks to lead its industry. NCR is not in any way new, having been established 128 years ago. It currently powers the POS for half of all of the major retail chains, as well as 38 percent of the leading 100 American restaurants. This will provide PayPal with a tremendous amount of reach as they gain access to millions of customers through NCR.

That said, NCR isn’t working exclusively with PayPal for mobile payments. It has also created a deal with Google Wallet and has indicated that it is available for agreements with other providers, as well.

Beyond mobile payments, the PayPal and NCR deal will also give consumers access to special offers, coupons, and other types of discount deals, starting in gas stations, restaurants, and small convenience stores, and broadening from there.