According to Think, "FaceCash uses simple barcode technology to facilitate quick and easy payment transactions in restaurants, clothing stores, and other retail shops. The system offers several advantages over traditional plastic cards for both buyers and sellers. With the ability to record multiple account numbers directly within the FaceCash application, buyers benefit from the convenience of carrying less plastic. Buyers also have access to an unprecedented level of detail about their purchases thanks to the electronic receipts that are automatically generated each time a FaceCash transaction takes place."
“Andreessen Horowitz looks to help talented entrepreneurs build great companies around great technologies, and we did an extensive review of the mobile payments space and the players before deciding to work with BOKU,” said Marc Andreessen, co-founder and general partner at Andreessen Horowitz. “We feel that BOKU’s management team along with the company’s market-leading merchant relationships, global coverage, and technology will be a powerful combination as they continue their aggressive growth plans in a rapidly changing space.”
Are you looking for payments professionals to add to your team? Post your openings on PaymentsJobs.com and reach an engaged group of payments pros!
Are you looking for payments professionals to hire? Post your openings on PaymentsJobs.com and reach an engaged group of payments pros!
Hougland concludes: "The wallet is becoming virtual, mobile is becoming the Web and the gap between online and offline will soon no longer exist." Get ready for PayPal's second annual developer conference coming up this October.
Bank of the West is waiving fees on the Popmoney service until the end of June. After that, fees charged to senders will be $3.00 for "Standard Delivery" (3 business days) and $10.00 for "Next Day Delivery".
Although mobile payments are increasingly used in some countries, they have not been adopted widely in the United States so far, despite their potential to add value for consumers and streamline the payments system. After describing a few countries’ experiences, we analyze the prospects for the U.S. market for mobile payments in retail payments, particularly the use of contactless and near-field communication technologies. ...