Tag: apple

Global Payments announces support for new mobile payments service

Global Payments will be supporting Apple Pay through its OpenEdge division

Global Payments, a leading provider of mobile payment solutions, has announced that its Integrated Solutions division, OpenEdge, will be supporting Apple Pay. Apple has made a major splash in the mobile commerce field with the launch of its new service. Apple Pay is quickly becoming one of the most widely supported payment services in the world, with financial organization showing strong support for the platform. Global Payments may help add more momentum to the service’s popularity.

OpenEdge will add Apple Pay support to its software development kit

OpenEdge will be adding Apple Pay to its software development kit. This will allow developers to embed the mobile payments service into their products. The software development kit provides developers with the tools they need to include a variety of services into the applications and platforms that they develop and make available to the public. By offering support for Apple Pay, those using the OpenEdge development kit may gain access to a wider range of consumers that are entering into the mobile commerce field.

Apple Pay is gaining support, but faces a challenge when it comes to inclusion

Mobile Payments SupportWhile Apple Pay is becoming quite popular, the service does have one problem. Apple Pay uses NFC technology, which is not a problem in itself, but the service is only accessible through the new iPhone 6 and iPhone 6 Plus devices. These devices are also equipped with NFC technology, but will only be able to use the Apple Pay service and not the myriad other services that also used NFC. This may be good news for iOS fans, but not necessarily so for the others that are participating in mobile payments.

Apple Pay may be able to change the way consumers interact with merchants

OpenEdge expects that Apple Pay will change the way consumers interact with merchants. The company suggests that those visiting a restaurant, for instance, will be able to order and pay for their meals ahead of time using nothing more than a mobile device. This introduces a new aspect of convenience to the mobile space.

PayPal spins off to capitalize on mobile payments

eBay has announced that PayPal will be its own, separate company from now on

PayPal is finally being spun off as an independent company. As mobile commerce continues to grow at a rapid pace, eBay has decided to separate itself from PayPal, allowing the company to march into the future on its own. PayPal has seen tremendous growth with the help of eBay, but the company may now be prepared to take its future in its own hands. There are also rumors concerning eBay’s future, which may end up intertwined with Chinese e-commerce giant Alibaba.

PayPal continues to see strong growth in the mobile sector

PayPal has seen strong growth this year already. The company’s payment volume grew by 29% over what it had been in June of 2013, reaching $55 billion in transactions processed. The company has established a strong foothold in the mobile commerce space, well ahead of other companies that were looking to do the same a few years ago. While PayPal has become one of the most popular names in the mobile payments field, the company is expected to see strong competition come from Apple, Google, and even Facebook. This time, however, it will not have the support of eBay.

Alibaba may seek to purchase eBay or PayPal

paypal - mobile paymentsThere are rumors that Alibaba, one of the largest e-commerce organizations in the world, will purchase eBay, or perhaps PayPal, within the near future. These rumors have little evidence to support their substance, but Alibaba has been known to purchase companies that have been competing with it in the digital commerce space. Whether or not eBay would agree to be acquired by Alibaba is little more than a matter of speculation currently.

Mobile payments market expected to reach $721 billion by 2017

The mobile payments market is expected to see significant growth over the next few years. A recent report from Gartner suggests that the market will reach $721 billion in valuation by the end of 2017. PayPal has a lot to gain from this growth, but the company will have to prove that it can be competitive with new mobile commerce services entering the global market.