Tag: mobile payment apps

Mobile payments partnership made as PayPal and NCR join forces

| January 17, 2013

Mobile Payments partnershipThe 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.

Mobile payments are predicted to overcome their rough start this year

| January 7, 2013

Mobile Payments to overcome rough startThough there were a number of missteps throughout 2012, many believe 2013 will turn things around.

Last year, many of the players in the mobile payments industry had expected the use of smartphone wallets and similar services to take off, but the actual figures fell far short of the mark.

This year, experts in the industry believe that 2013 will represent a major turnaround in this area.

That said, the experts don’t believe that it will be Google, Isis, and the other joint venture mobile payments wallets that will take off this year. Instead, the attention is turning toward the banks that have been lining up to make their own way into the world of smartphone transactions.

This opinion is shared among a panel of 200 mobile payments industry experts.

This panel is made up of industry executives, insiders, and developers, who all share the belief that 2013 will be the year that is the most compelling for consumer mobile payments applications. They also stated that social networking and location apps will play an important role in the industry as a whole.

The results of a recently conducted survey by Chetan Sharma Consulting have shown that mobile payments and mcommerce will not only take off, but the power behind them will not be the traditional internet players. Instead, it will be the traditional financial companies.

According to the participants in the survey, they feel that Google, carriers, and the various popular new startups such as Square have had their chance to appeal to consumers and make it big, but that as a whole, they failed to make the impact that they had been hoping to make. Instead, it is the turn of the large credit card companies (such as Visa and MasterCard) and the banks and other established financial companies (such as PayPal) to step in and clean up the damage that was left behind.

It is those companies, said the survey participants, who will make the largest difference in mobile payments, and that will offer consumers the mobile security level and the type of services that they have been waiting to see before taking part.