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.


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.


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.”


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.


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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