Tag: verifone

The recent announcement that these two giants were partnering together has also revealed a plan for transactions.

Verifone recently revealed that it was entering into a deal with Barclays that would have the two companies working together, and now it has stated that it will be integrating with Pingit, the British banking giant’s mobile payments technology.

This would bring the smartphone payments service to retailers that use Verifone’s transaction services.

This means that it will bring mobile payments together for Pingit’s 20,000 clients and add on the 70,000 businesses in the U.K. who are already Verifone transaction service customers. This could potentially be a stepping stone for the companies that could take the services more broadly throughout Europe. According to June Felix, the president of Verifone Europe, “What prompted the partnership, was a focus on Verifone’s part to help our retailer clients to enable commerce through every channel possible, whether it’s mobile, terminal or Web.”

The partnership sets the stage for a broad scale expansion of mobile payments that could occur quite quickly.

Felix explained that Barclays is “very innovative and very well-established player in terms of consumer payment,” when taking into consideration its solid position in the United Kingdom, which is already among the largest European markets. She also pointed out that Pingit provides a “unique value proposition.”

By partnering with Barclays for its smartphone payments transactions to add the option to the Verifone physical countertop terminals, it makes it possible for Verifone to step outside its previous confines of those terminals into mobile shopping areas. This is an angle that it has never before been able to take.

It also remains a type of transaction of which many consumers remain completely unaware. With large names such as these, there is the potential to change that in the United Kingdom, so that consumers will learn about the technology and choose whether or not they want to use it.

Verifone isn’t without its experience in mobile payments, as – according to Felix – the company was “very involved” in the entry of Apple Pay into the United Kingdom’s marketplace. “The partnership with Pingit is really very consistent with that,” she said.

New mobile commerce solution will roll out to 20,000 retailers in the UK

Barlcays has announced that it has formed a partnership with Verifone in order to launch a new mobile commerce solution that is meant to be rolled out across 20,000 retailers. The solution will incorporate Barclay’s Pingit as a payment method, allowing retailers to better engage mobile consumers. Verifone’s mobile commerce gateway will act as a tool for retailers in the United Kingdom, which may bolster the adoption of mobile shopping among consumers.

New solution will incorporate Pingit into Verifone’s mobile commerce gateway

The 20,000 retailers that are expected to make use of the new mobile commerce solution will join 70,000 others that are already using Pingit as a payments solution. Merchants that specialize in the digital space may find this particularly beneficial, as more consumers are beginning to use their mobile devices to shop online rather than visit physical stores. The solution may prove quite powerful during the upcoming holiday season, as many consumers have begun opting to do their holiday shopping online in order to avoid large crowds at retail stores. Mobile shoppers also have access to special deals that could help save them more money.

Adoption of smartphones leads to a greater number of mobile shoppers

Mobile commerce has been growing quite rapidly throughout the United Kingdom. With more consumers gaining access to smartphones, they are finding that using these devices to shop online is more convenient than visiting a physical shop. This is especially true among consumers with long commutes, as they can shop for products online and have their purchases delivered to their homes. Physical stores are also supporting mobile payments, of course, and the new mobile commerce solution is expected to provide better support for retailers that want to engage mobile consumers in the physical space.

Barclays and Verifone work together to resolve issues facing mobile commerce

According to Barclays, one-fourth of consumers who attempt to purchase products through a mobile device experience issues with their transactions. Approximately 55% of consumers have abandoned a mobile purchase because of these issues. Barclays and Verifone are working together to resolve these issues in order to ensure the continued growth of mobile commerce in the UK.