Tag: mobile payments

This allows card readers at a point of sale to be entirely replaced by the smartphone.

Flint, a mobile payment solutions company, has taken on massive competition, such as PayPal and Square, by releasing its new app that eliminates the need for magnetic card readers, in favor of a unique new system that uses the camera on iPhones for image recognition.

The Flint app applies new algorithms for reading the numbers right off the face of a card.

With the mobile payments data collected through the device camera, a transaction can be immediately completed. The CEO of Flint, Greg Goldfarb, explained that “It doesn’t take a picture of the card.” Instead, it uses the camera feature and “It just reads the numbers, and we do that to protect consumer privacy.”

The mobile payments system has been receiving a great deal of attention and applause, particularly for a newbie.

As a first time app developer, it is the recipient of a tremendous amount of positive attention. This is due to the unique tack that it has taken in the development of its mobile payments system and the marketing efforts that it has made to encourage adoption and use. For instance, it allows users to link an account to the Facebook page for their business. This gives customers who have made a purchase the opportunity to create testimonials that will be posted directly onto that page, as well as on their own social network wall.

At the moment, the app is exclusive only to iOS devices. Many in the mobile payments industry are keeping a close watch on this new addition to the marketplace, as they are keen to see how it stands up against a competition that is made up of some well established giants in the transaction domain.

So far, it is receiving positive attention due to its ability to quickly process mobile payments. Retailers like that a dongle is not required in order to make it work, and the free app allows them to begin accepting payments very soon after downloading. However, the primary drawback that has been pointed out is that it currently feels as though it is a step slower than the old fashioned method of swiping a card through a traditional reader.

The software team based in Norway will be partnering with Neomobile out of Italy.

Opera Software has just announced that it will be working with Neomobile, a specialist in direct carrier billing, in order to provide the users of the Opera Mini browser to make one click mobile payments from their smartphones in order to make purchases of digital content.

The purchases can be made quickly and easily and the total amount is added to the user’s cell phone bill.

The company stated that there are over 208 million people who are already using the app in order to access the web. An additional 21 million are using Opera Mobile. The hope is that the new partnership will result in operator billing on the Opera Payment Exchange (OPX).

The OPX is a form of link among mobile payments billing systems and content publishers and providers.

According to Opera, it helps to make certain that mobile payments can be quickly and safely made in a simple and secure way over the Mini browser.

On the other hand, Neomobile is a company that offers mobile payments solutions, but it is also a worldwide mcommerce group. It provides the users of smartphones and tablets with content in a partnership between digital content services and producers, and carriers.

The new agreement between Opera and Neomobile was just announced, indicating the very first steps that the two companies would be taking together. At the moment, and for the first while, it will impact only the mcommerce group arm of the company. This means that the mobile payments can be used for purchasing music, games, video, and other types of digital content that can be downloaded or viewed from the device. It takes only one click for the direct carrier billing through the Mini browser, and it is available to consumers in eleven different countries.

For now, these mobile payments will not be available for actual physical goods that must be shipped to the consumer. It is applicable only to digital content that can be obtained right away through the use of the smartphone or tablet device.