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The Demystification of Mobile Payments, Part II: Square

By Kristin Rulon, Editor, Contract Publications

April 19 — While Venmo stands apart from other mobile payment services with its social aspect and lack of processing fees unless a credit card is used (as stated in part one), Square has a gamut of services for its users.

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The Demystification of Mobile Payments, Part I: Venmo

By Kristin Rulon, Editor, Contract Publications

“Hey, can you pay me on Venmo? I paid way too much in processing fees last year with Square.”

It was a simple enough request from my friend/hairstylist. Once I downloaded the app, he assured me that he would help guide me through the process of paying him. As someone in my early thirties (wedged between a Xennial and a millennial by being born in 1986), I am intrigued by the latest technological advances, but I still refer to my workout DVDs as tapes.

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Support for Mobile, Alternative Payments Types Is Rising

April 17 — Boise, Idaho-based Kount, a provider of solutions for fraud and risk management, released results from its inaugural State of Payment Processing & Fraud: 2018 report. Approximately 15 percent of the worldwide payment processor community was surveyed to “gain a clear understanding of their strategic priorities over the next year, as well as the value processors place on using qualitative and quantitative analysis within their organizations.”

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Mobile Wallet Users to Pass 2 Billion in 2019 with PayPal Leading

April 5 — By 2019, almost 2.1 billion consumers worldwide will use a mobile wallet, up nearly 30 percent from the 1.6 billion users recorded in 2017.

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Mobile Payments on the Move

Technologies are now in sync with consumer demand.

By Michael Scheibach, Contributing Editor

“Mobile payments will continue to grow in 2018 as they are a perfect product for the times,” writes industry analyst Michael Brown. “Given the rise of cryptocurrencies and the ever-growing shift toward a paperless society, mobile payments fit perfectly into both the present day and whatever financial future one might imagine.”

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