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Mobile payments firm joins Product (RED)

02/25/201402/22/2014 Jesse Collins

Square Inc. mobile payments nfc technology

Square teams with Product (RED) to unveil new payments reader for mobile devices Prominent mobile payments firm Square has announced that it has partnered with Product (RED), a charitable organization that donates to the Global Fund, which is an organization devoted to fighting AIDS, Tuberculosis, and Malaria. Product (RED) frequently teams with retail organizations to develop specialized products. A portion of the revenue generated by these products is devoted to charitable causes. Square is the organization’s most recent partner and the payments firm has introduced its SQUA(RED) product for mobile…

Mobile payments strategies are getting fierce

02/25/201402/22/2014 Jorge Gonzalez

Google Wallet has just played a very important next move in its battle against rival Isis. The latest version of Android, KitKat, brought with it a new feature called Host Card Emulation (HCE), in the hopes of giving its Google Wallet a serious shot in the arm through the use of NFC technology. Now, that effort looks as though it might have been a very promising strategy as it has gained massive credit card provider support. Both Visa and MasterCard have now declared that they will be supporting HCE so…

TWG Tea takes a step toward mobile commerce

02/20/201402/19/2014 Stephen Vagus

Company plans to become more engaging to mobile consumers with new app and services Singapore’s TWG Tea has plans to expand the sales of its luxury tea products and in order to do so has begun focusing on mobile commerce. The company boasts of more than 800 types of tea and believes that consumers can easily become overwhelmed by the options they have. In order to make it easier for consumers to find what they want, the company has begun developing a mobile application that will be able to support…

Eftpos seeks to unify mobile payments

02/06/201402/18/2014 Jennifer Goula

Mobile commerce competition may soon be a thing of the past The mobile commerce field is currently awash with a variety of services that are attempting to capture the attention of consumers. Competition among these services is fierce as mobile commerce is seen to have a very promising and lucrative future. The multitude of services available to consumers has created an environment in which no single mobile commerce platform is considered to be mainstream. In Australia, a mobile payments firm is seeking to create some unity in the competitive field.…

Mobile payments grow 707 percent in China

02/05/201402/03/2014 Jesse Collins

China Mobile commerce ticketing payments

Spending reached $200 billion while this growth occurred throughout 2013. According to recent data released by iResearch, a data analysis and online tracking service, the total independent mobile payments transaction volume in China reached approximately $200 billion, last year (1219.74 billion yuan). This represents an increase of 707 percent over the figures that were seen in 2012. The services that were included in the analysis by iResearch included various forms of mobile payments not including the large established banks and massive conventional services such as China UnionPay and the bank…