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Nordic investment activity historically high | Creandum

Nordic investment activity historically high | Creandum | tech | Scoop.it
Everyone is talking about the growing Nordic ecosystem – we decided to analyze the Creandum investment database to understand if this trend translates into a h
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Square IPO Postponed Indefinitely

Square IPO Postponed Indefinitely | tech | Scoop.it
Square, the mobile payments startup created by Twitter founder Jack Dorsey, has postponed its IPO indefinitely, FOX Business has learned.
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Mobile Payments Customers Spend More Through Digital Channels - Convenience Store Decisions

Mobile Payments Customers Spend More Through Digital Channels - Convenience Store Decisions | tech | Scoop.it

Mobile Payments Customers Spend More Through Digital Channels Convenience Store Decisions While the ubiquity of mobile devices in the U.S., U.K., France, Germany, and Spain has created a widespread platform for using mobile payments, a revolution...

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Curating Payment 2.0 News

Curating Payment 2.0 News | tech | Scoop.it

Payments 2.0 is about the new digital payment solutions that aim to replace cash, facilitate online payments and enable mobile payments.

 

These solutions are very diverse because they use various technologies to (re-)invent a complex payment value chain.

 

Here are a few (overlapping) categories of payments 2.0:

- Virtual currencies: such as BitCoin, or Facebook Credits used to pay virtual goods (i.e. games) on Facebook

- Mobile payments: Any payment is called "mobile" if an account is credited or debited using a mobile phone. This covers a large variety of options. 

- Contactless payments: most talked about but not yet widespread. Contactless payment use close-range wireless technology such as NFC (near-field communication), Bluetooth or other Contac to quickly pay small amounts in "tap and go" situtations such as transporation and fast food. NFC payment solutions include Google Wallet, PayPass from MasterCard and payWave from Visa.

- Bar code or QR-code-based mobile payments such as LevelUp's trigger payment through taking a picture of a Bar-code or of a QR-code with the mobile phone.

- Other forms of (remote) mobile payments include SMS-based mobile payments like boxPAY's, quite widespread in underbanked countries. Strictly speaking, SMS payment are "contactless" but the expression is generally reserved for tap and go payments. One sometimes opposes "remote" mobile payments to "proximity" (close range, tap and go) mobile payments.

- Digital wallets: Mobile payments, and in particular contactless payments, are combined with a digital wallet such as PayPal's, Starbauck's, Google Wallet or ISIS' wallet (both in the US) which is the repository of the user account information. The wallet can also store a prepaid amount.

- Apple's PassBook is a special form of mobile wallet used to hold multiple payment and loyalty card information.

- Mobile card readers are dongles hooked on the phone via the sound jack, the USB port or the SD slot, such as those provided for free by Square, Pay Anywhere, iZettle, PayPal Here, Groupon and many others.

- Mobile POS: Mobile Point-of-sale systems also called mobile checkout/cash registers enable merchants to track and manage payments. Examples are Square Register, Ingenico, GoPago, Verifone's PayWare...

- Device versus cloud-based account identification: Identification can be done through access to a physical storage device such as the SIM card (ex. ISIS wallet) or an SD card (then called the secure element), or via an application 'in the cloud' (ex. PayPal).

- Local or in-store mobile payments: The first digital wallet was PayPal's online payment wallet. PayPal is now going mobile with PayPal Here, contactless and in-store. In-store payment is also sometimes called "local".

- Mobile payments can also be used to shop online in a non mobile setting, for example to avoid inputing a credit card information online (see Buyster, Card.io),

- Carrier billing: Carrier billing is payment (mobile or online) charged to the user's mobile operator phone bill (see Bango, Boku, MoPay). Facebook and PayPal offer carrier billing, too. It's mostly used for gaming. Good luck to parents!

- Direct transfer payments: mobile payments such as Dwolla's directly debit the bank account of the payer, bypassing credit card networks. Dwolla is said to be mobile because it uses a mobile phone application, but it can also be used on the Web for online payments.

- Peer-to-peer payments: enable anyone to accept card payments. For exemple you don't have to be a merchant to buy a Square reader (You get it free if you're a merchant).

- Bill payments: are mobile and/or Web solutions that enable the payment of invoices.

- Remote check deposit: enables users to credit their bank account or ther digital wallet by taking a picture of a check.

 

The main challenges of payments 2.0 are more business than technical. They are:

- to win consumer and merchant acceptance: it's not easy to provide a satisfying user experience that motivates consumers and merchants to change from their existing habits. For example, the security of new payment systems is more easily called into question than the (however very flawed) security of existing ones. 

- to create a powerful distribution and servicing network: somebody has to push new payment solutions into the hands of both merchants and consumers and support them.

- to find an economic equation that satisfies enough critical players in the payment ecosystem.

 

The latter is in my view the main hurdle for the deployment of payment 2.0. Payments can be a very profitable business. To caricature the issue: Banks, credit card companies, technology providers, new entrants ... all fight (each other) for a bigger slice of the profits.

 

Merchants and consumers also want a fair deal.  In that respect, 2011 was a turning point because companies such as Square and Dwolla introduced payment solutions that have zero set-up costs and a low commission (interchange fee) for merchants. 

 

I hope this helps readers navigate this topic. Thank you for pointing out errors in comments.

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Candice Delorme's curator insight, June 29, 2014 4:49 AM

Big picture du paiement mobile : solutions et enjeux

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Banking Ikea Style Dodges Too-Big-to-Fail Noose in Sweden

Banking Ikea Style Dodges Too-Big-to-Fail Noose in Sweden | tech | Scoop.it
As Sweden’s biggest banks wait for
regulators to tighten Europe’s toughest capital rules, a less
fettered form of credit is gaining traction.
Demed's insight:

Klarna, a payments solutions provider that takes deposits, offers 1.5 percent on three-month deposits

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Tweet from @NobleFrancis

Tweet from @NobleFrancis | tech | Scoop.it
Interesting piece on why #charts in The Economist are the way they are... pic.twitter.com/9RL5Tgqn5H
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Point Enables Handelsbanken to Bring Mobile Payments to Small
Businesses

Point Enables Handelsbanken to Bring Mobile Payments to Small <br/>      Businesses | tech | Scoop.it
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Starbucks targets mobile payments | Retail Detail

Starbucks targets mobile payments | Retail Detail | tech | Scoop.it
Starbucks hopes to stimulate mobile payments, as it intends to tie them into its loyalty program. It already receives 1 in 10 American payments through mobile.

Via Craig Aberle
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Craig Aberle's curator insight, February 21, 2014 12:45 PM

Starbucks registers nearly 5 million mobile payments in its American stores on a weekly basis, more than 10 % of its total number of transactions. Howard Schultz, Starbucks CEO, wants that number to soar in the next few years and one of the ways to stimulate customers to do so is to attach mobile payments to its loyalty program.  Mobile Payments and Mobile Loyalty are just two of the Mobilized applications taking over the hospitality industry.  Mobile is NOW! For weekly News, Articles and Updates on Mobile Marketing, Mobile POS, Mobile Payments, Mobile Online Ordering, Mobile Loyalty, Mobile Table Side Ordering and Mobile Reservations subscribe to the free "Restaurant Newsletter" at http://pos-advicenewsletter.com/ 

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Ready to break the internet? Netflix’s “House of Cards” premiere is a big test of how video gets to you

Ready to break the internet? Netflix’s “House of Cards” premiere is a big test of how video gets to you | tech | Scoop.it
"My wife and I like to lay in bed and watch Netflix," Tom Wheeler, chairman of the US Federal Communications Commission, said the other day. But when their internet connection slows down, breaking up the video feed, Wheeler's wife is incredulous: "You're chairman of the FCC," she says to him. "Why is this happening?" Why,...
Demed's insight:

Watching my favorite TV show while participating in an internet experiment - what best way to spend an evening? The reach of Netflix never ceases to amaze me: "During that primetime, about a third (pdf) of all internet traffic heading into North American homes is carrying data-heavy movies and TV shows from Netflix. "

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The Case for Continuous Delivery | ThoughtWorks

The Case for Continuous Delivery | ThoughtWorks | tech | Scoop.it
A global software company focused on software design and delivery. We provide professional services and products and leading thought on Agile and Continuous Delivery.
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Payment protocol Ripple wants to speed take up w/ a developer portal and a startup accelerator

Payment protocol Ripple wants to speed take up w/ a developer portal and a startup accelerator | tech | Scoop.it
Ripple is set to get a kick-start, with the outfit behind it opening up a developer portal and CrossCoin Ventures launching an accelerator to help startups working with the cypto-currency protocol.
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The Case for Continuous Delivery | ThoughtWorks

The Case for Continuous Delivery | ThoughtWorks | tech | Scoop.it
A global software company focused on software design and delivery. We provide professional services and products and leading thought on Agile and Continuous Delivery.
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Interview mit Chad Mazzola (Director Product Design, Klarna)

Interview mit Chad Mazzola (Director Product Design, Klarna) | tech | Scoop.it
Interview mit Chad Mazzola, Director Product Design bei Klarna. Er berichtet, wie er das Design der nächsten Generation von Klarna gestalten hat.
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Braintree now processing $10B in payments with deeper expansion into Europe

Braintree now processing $10B in payments with deeper expansion into Europe | tech | Scoop.it
Payments startup Braintree is on a mission to conquer the European market before competitors or clones.
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PayPal's vision for payments: Never enter a 16-digit number again (exclusive)

PayPal's vision for payments: Never enter a 16-digit number again (exclusive) | tech | Scoop.it
In an ideal world, consumers would enter their payment information into apps like Uber or Airbnb once and never have to worry about it again, even if they get a new credit card.
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Location-Based Marketing for Restaurants

Location-Based Marketing for Restaurants | tech | Scoop.it

Location-based actions, also known as LBAs, have been a huge shifter in social media for business. LBAs have been deemed the ROI of social because it connects a social action to an actual, in-store visit. In fact, based on the Restaurant Social Media Index’s (RSMI) overall LBA data, $12.6 billion in revenue has been attributed to location-based actions. 


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hunter christopher armstrong's curator insight, March 6, 2014 12:20 PM

location of your business is a very large aspect into success. a bad location can sink a company, you dont want to pick a location that no one will see the building. Main roads with alot of foot and vehicle travel is the best choice

hunter christopher armstrong's curator insight, March 18, 2014 1:27 PM

overall location is also very crucial, you want to be located in a area with a large population. Central Nebraska would not be a great choice with the low population of Nebraska, New York, New York on the other hand would be choice

hunter christopher armstrong's curator insight, March 18, 2014 1:30 PM

Locating culinary trends is very important. Speaking vaguely, texans don't want to have sushi and small intricate plates. They want southern heart meals. Which goes hand an hand with those in higher end cities not wanting strictly line food, and greasy fried foods. They want the nicer cuts of meat and outstanding quality

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Age of the Tiniest: Go Mobile! - Business 2 Community

Age of the Tiniest: Go Mobile! - Business 2 Community | tech | Scoop.it

From Coca-Cola investing huge bucks in mobile videos to the “tweet-a-coffee” campaign launched by Starbucks, the frenzy caused by mobile marketing has left no one unaffected. It’s no longer an emerging medium of advertising. In the last year, mobile marketing saw a growth of 75 percent, and when combined with social media, it has the potential to overtake most other forms of marketing techniques.


Via Craig Aberle
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Craig Aberle's curator insight, February 23, 2014 9:50 AM

Mobile Marketing just another componet of the Mobile Revolution, Mobile is NOW!  For weekly News, Articles and Updates on Mobile Marketing, Mobile Advertising, Mobile POS, Mobile Payments, Mobile Online Ordering, Mobile Loyalty, Mobile Table Side Ordering and Mobile Reservations subscribe to the free "Restaurant Newsletter" at http://pos-advicenewsletter.com/ 

David Marsh's curator insight, March 4, 2014 11:45 AM

Mobile marketing is growing like crazy - people always have their mobile devices with them these days.