Annual mobile retail purchases will surpass $700 billion by 2018, a new report suggests. This amount will account for roughly 30 percent of all eRetail purchases in that year, Juniper Research predicts. In 2012, $182 billion was spent on mobile retail purchases, or about 15...
Iowans now can pay their fuel taxes and vehicle-registration fees online thanks to an expanded partnership between payments network Dwolla and the Iowa state government. Dwolla, which is based in Des Moines, previously worked with the state government to help merchants collect cigarette stamp taxes,...
Bank of China has a new online banking platform resulting from a collaboration with IBM that will allow it to leverage customer transactions for future planning. The Chinese bank had ordered a complete overhaul of the platform, including the user interface and the overall design...
China further solidified its position as a market that could greatly impact payments in 2013. Those who require proof need only look at how China’s love affair with bitcoin drove the price to more than $1,200, only to send it back down amid escalating regulations...
Toys “R” Us is expanding its mobile reach with a new coupon redemption campaign launched via Apple Passbook. Mobile Commerce Daily reported on Jan. 7 that the toy retailer’s mobile ads are accessible through one of several mobile apps. Once activated, the coupon can be...
Alipay, Alibaba’s online payments affiliate, is teaming up with Sina Corp to launch a new online payments service. The Wall Street Journal reported on Jan. 7 that the service integrate’s with Sina Corp’s Weibo microblogging website. Weibo is China’s version of Twitter. According to the...
Online bitcoin-wallet service Coinbase now has a mobile-payments app. The Coinbase mobile app includes functionality for both merchants and consumers. Shoppers can make transactions in bitcoins with their Coinbase app as long as the merchant is participating. The mPOS app follows an earlier release from...
MasterCard has acquired Provus, an independent payment processor based in Turkey, the payment card network announced. Neither MasterCard nor Provus disclosed the terms of the sale. Founded in 2001, Provus is based in Istanbul. The acquisition is designed to strengthen MasterCard’s presence in the region....
Spindle has finalized its acquisition of Yowza!!, a mobile couponing service, the mobile-commerce solutions provider announced. Spindle plans to integrate Yowza!!’s mobile-coupon technology with its own system, according to a Jan. 6 press release. “We are delighted to complete the acquisition of Yowza!!, which positions...
