PointsPay®, a Loylogic Company, has unveiled its new innovation: a mobile-based payment system for the loyalty industry with a launch exclusive to Etihad Airways. By converting miles or points into usable point-of-sale (POS) currency, PointsPay® enables members to redeem their loyalty earnings at millions of merchants worldwide. For many years the loyalty industry has been […]
News In Brief
20.11.2014 US Mobile Payments Forecast, $142 billion by 2019
The media frenzy around mobile payments — most recently Apple Pay — has reached fever pitch and led some industry spectators to conclude that a payments revolution is at hand. Not so. The adoption of mobile payments is an evolution — not a revolution — and the evolution is well underway. Although the landscape of mobile payment providers is in an ongoing state of flux, the ecosystem and mobile capabilities are maturing and consumer and merchant adoption is accelerating.
Over the next five years, US mobile payments will grow to $142 billion. This report outlines Forrester's US mobile payments forecast through 2019, identifies where the fastest growth will occur and why, and discusses what eBusiness and Channel Strategy pros at financial institutions, merchants, and vendors involved in payment strategy can expect through 2019.
18.11.2014 Mobile Banking and Mobile Payment: Two Applications on the Verge of Convergence.
The time that we physically had to go to a bank to manage our banking affairs lies, for most of us, in a quite distant past. Both for banking and for payment context we observe today that the mobile phone is providing a promising platform. We actually find ourselves today in the middle of a series of “evolutionary” stages.
UL have published a whitepaper that takes a closer look at what they believe is happening today in general, and suggest possible reasons for why mobile banking and mobile payment developments are occurring, for now, mainly in parallel. Various scenarios are proposed for convergence between mobile banking and mobile payment applications, highlighting how such scenarios leverage software based security or hardware based security, or a combination of them. Continue reading...
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