Tag: united states

Samsung to launch its mobile payments service in the US next month

| August 18, 2015

Samsung Pay will be launching in the United States next month following trials in South Korea

Samsung has announced that its new mobile payments service, Samsung Pay, will be available in the United States next month. The company has been testing the service in South Korea this month, hoping to iron out bugs before launching in a larger market where mobile payments have begun to grow aggressively. The service will function in a similar fashion to other platforms, such as Apple Pay, as it will be able to store financial information as well as data provided by retailers.

Samsung Pay to make use of NFC technology and tokenization

Samsung Pay will be leveraging NFC technology in order to facilitate transactions. This technology is capable of transmitting digital information over short distances, which is why it has become the backbone for most mobile payments systems. The service will also be using fingerprint verification in order to protect the financial information of its users. Further protection will be provided in the form of digital tokens, which are used to replace consumer financial data in order to protect it from exploitation.

Samsung will be competing with Apple in the mobile payments space

Mobile Payments - SamsungThe launch of the new service represents another step forward concerning Samsung’s plans for mobile payments. The service is meant to compete directly with Apple Pay, which is already available in the United States and will soon be available in other markets. Apple has managed to establish a powerful lead in the mobile payments space, largely due to the security that the company has injected into the service.

Mobile payments services continue to face significant challenges that prohibit their success

Though Apple has managed to establish a lead, it still faces many of the challenges that are preventing other mobile payments platforms from finding widespread success. Security is one of the more significant of these challenges. In the past, high profile cyber attacks have called into question the safety of mobile payment platforms, which has limited the appeal of these services among consumers.

Tapingo brings new mobile commerce service to universities

| August 7, 2015

New service will make it easier for students to order food and have it delivered off campus

Tapingo, developers of an app of the same name that is focused on ordering and delivering goods and services, has announced a new service, named Tapingo Delivers. The developer believes that this will unlock new market opportunities, particularly among universities. The new service is designed to appeal to those that generally live off campus and will provide them with a way to have food delivered to these people at times that are convenient for them.

Service will leverage the partnerships that Tapingo has formed

Tapingo was launched three years ago and has linked with more than 90 universities throughout the U.S. and Canada. It has managed to expand the mobile commerce markets in these countries and provide merchants with a way to effectively engage students with mobile devices. The Tapingo application leverages the ability to work with point-of-sale providers, such as Micros and Simphony, as well as card providers. The application now accounts for an estimated “tens of thousands” of transactions every day, with the average consumer making use of the Tapingo service five times a week.

Off campus students will have more access to food services

Mobile Commerce at UniversitiesThe new service is designed to solve “key problems” by leveraging the availability of on-campus dining establishments. Those living off campus can now take advantage of these establishments and have food delivered to their homes, using Tapingo’s extensive scheduling system. This will likely find some favor with consumers that are interested in mobile commerce, as it provides them a convenient service that caters to their specific needs.

Funding helps Tapingo expand further into the mobile commerce market

Tapingo has managed to gain significant support for its services over the past year. In April of 2014, the company announced that it had closed a $22 million funding round, with investments coming from Qualcomm Ventures, DCM Ventures, and Kinzon Capital. This funding has helped the developer expand its services, making it a larger player in the mobile commerce sector and expand its reach across the higher education space.