Tag: apple mobile payments

Mobile payments service Apple Pay receives support from the US government

| February 18, 2015

Federal government shows strong support for Apple Pay

Apple Pay has gotten a major boost from the U.S. federal government. Apple has announced that its new mobile payments platform has received approval to accept payments for the federal government. The platform will begin accepting these payments in fall. The platform will be able to accept payments for those visiting federal locations, such as national parks, and will also be used for payment cards issued by the federal government.

Apple Pay’s latest victory may provide the service with the momentum it needs to break into new markets

The support from the federal government is a major victory for Apple Pay, which has come to establish a dominating presence in the mobile payments field. The platform is nearly four months old, having launched late last year, and has already managed to capture a significant portion of the mobile payments market. With the backing of the federal government, the platform is expected to continue gaining momentum, which will be needed to break into the payment markets of other countries.

Mobile payments continue to thrive in the United States

Mobile Payments - AppleMobile payments has become quite popular among consumers in the United States. Many see paying with Apple Pay, and similar services, as a more convenient form of commerce. This is because many of these people already use their smartphones and other devices for many things in their daily lives. Mobile payment services have managed to gain strong support from consumers because of their convenient nature.

Biometric technology helps keep Apple Pay secure

Apple Pay is not only convenient for consumers, of course, as it is also quite secure. The service makes use of biometric technology, which uses biological information, such as a finger print, to protect the financial information of its users. Such technology is becoming more important in the mobile payments field, as the market has become a prime target for malicious groups that would exploit the financial information of consumers. The security measures that Apple has incorporated into its payment platform has received praise from the U.S. government.

Mobile payments service Paym reaches new milestone

| February 6, 2015

Paym records more than $39 million in mobile transactions

Paym, a mobile payments service in the United Kingdom, has announced that its users have made more than $39 million in transactions since the service was launched in April o last year. Consumers can use Paym to make purchases or transfer money to their friends and family. The service has experienced strong growth over the past several months, becoming one of the more popular mobile payments services that is currently available in the United Kingdom.

Service now has nearly 2 million users that are participating in mobile payments

According to Paym, the service now boasts of nearly 2 million users. The service has won strong support because it is compatible with a wide range of financial institutions throughout the country. Banks showing support for Paym has made it possible for their customers to participate in mobile payments, which is becoming a popular practice among consumers. The demand for mobile payments support coming from consumers has encouraged banks to embrace services like Paym, which allow these banks to accommodate consumer interest.

66% of UK population claims to be aware of mobile payments

Mobile Payments - SurveyA recent survey commissioned by Paym found that approximately 66% of the population of the United Kingdom is aware of mobile payments. Of these, 52% of consumers are aware of Paym. Awareness of mobile payments has been growing relatively modestly over the past few years, though as people become more aware of this practice they are showing strong favor for it. Paym is beginning to attract more attention because of the growing awareness of mobile payments.

Paym may experience some strong competition once Apple launches its mobile payments service in the UK

Paym is not the only mobile payments service that is available in the United Kingdom, but it is one of the most popular. The service is expected to continue attractive users over the coming months, reaching new heights of success and establishing a strong foothold in the competitive mobile commerce market. Paym may experience some turbulence from Apple Pay, which is expected to launch in the United Kingdom later this year.