Tag: smartphone payments

This new service is geared toward companies that receive funds through traditional paper checks.

WePay, a startup located in Palo Alto, California, has just announced that it is taking its first steps into the mobile payments marketplace by using its technology to help to replace paper checks.

The first app from the company was released last week and is designed for use by iOS only.

Though the company had previously provided online services, this app opens it up to mobile payments on iPhones and iPads. The application allows both the owners and employees of small sized businesses to be able to process credit card transactions and create invoices through their tablets and smartphones.

Though this may sound similar to other mobile payments services, it does stand out in some ways.

According to the CEO of WePay, Bill Clerico, though it may sound as though it is somewhat like Square or GoPayments, it is unlike them because it does not use an external credit card reading devices in order to make the transactions faster to process. Instead, the digits of the cards will be entered into this system the “old fashioned” way, but using a numeric keypad to type them in.

Clerico explained that “If you’re running a food truck or something where you have hundreds of customers a day, there is no way you’re going to use our app,” however he did go on to say that the app is not aimed at those customers. Instead, it is meant for businesses that employ 10 or fewer people, and whose transactions are primarily made up of checks. He explained that “I think our biggest competitor is paper.”

Clerico also added that when all is said and done, this mobile payments app means that small businesses can process transactions in a number of different ways, and this will help to keep them all in one place. He believes that this is an important step for the company, as smartphones and tablets are becoming increasingly important for processing, and desktops are losing importance in this area. He feels that the niche that his company has found will help to secure its position in the “noisy” market.

The company formerly known as RIM has now debuted its transaction service within the country.

BlackBerry has just announced that it has become the latest player within the rapidly growing and highly competitive mobile payments environment, as it has now started an Indonesian pilot launch of its BBM Money service.

This service will allow the device users to transfer money through the use of an instant messenger service.

By using BBM Money, BlackBerry device users are able to create accounts through those gadgets so that they will be able to make mobile payments in real time to contacts on their BlackBerry Messenger (BBM) account, or to other bank accounts of non-contacts. They will also be able to purchase prepaid SIM cards and additional airtime for their devices by way of this new service.

This new mobile payments service is the result of a partnership with PT Bank Permata in Indonesia.

It is the PT Bank Permata that is issuing the BBM Money mobile payments accounts through this trial of the service. BlackBerry has also pointed out that it is using bank grade security measures in order to ensure that users can enjoy transactions that are safe and secure. Among those measures include encryption, passwords, limits, and monitoring.

The device manufacturer, based in Waterloo, Ontario, Canada, decided to launch its service for the first time in Indonesia, partly because of the massive popularity of BlackBerry devices within that country. In fact the brand currently boasts 240 million users within the Indonesian marketplace.

According to a media release from the company which quoted T.A. McCann, the vice president of BBM and social communities for the organization, “BlackBerry leads the mobile and smartphone market in Indonesia, where BBM is extremely popular with our customers.” McCann went on to say that “BBM Money, which uses BlackBerry’s BBM service, further evolves the BBM experience to move from real-time chat to meaningful and convenient real-time engagement.”

This makes the Canadian smartphone manufacturer and technology developer the very latest in the mobile payments environment. It is joining many other large players, which just recently included Samsung and Visa, which have partnered together for their own contactless method.