August 22, 2019

The Diginomic ‘Wave’:Techie Embeds Chip in Hand

DiginomicWorld News has been predicting since 2012 that “the future of digital economics is in ‘the Wave.’ Be it installation, augmentation or implementation through virtualization — the ultimate technology … whether it is card, communicator or chip … will be little more than the simple ‘wave’ of the hand, and your bill is paid. It’s […]

Diginomics Grows: Days of Cash Limited as Digital Payments Increase

“Apple is betting that consumers want an even more convenient way to pay in person,” reports TechCrunch.com in its October 11 posting. “Apple Pay should provide digital currency (like Bitcoin) with a boost — it could be the killer app that digital currency has been waiting for.” Indeed, cash is slipping in its position as […]

Shopping in the Future: Diginomics in Full Swing!

Smartphones, tablets, Google Glass, mobile commerce — all abounding to abundance in an increasingly diginomic world. Smart refrigerators ordering fresh replacements, smart light bulbs that know when they will need to be replaced, even smart stores that know who you are and what your buying habits are upon your arrival with select coupons tailored to […]

DIGINOMIC ATMs NEXT GEN ROLL-OUT

The ubiquitous ATM machine is undergoing a major makeover that will make it a greater player in the world of digital economics than ever before. As we have noted in earlier posts how 2014-15 promises to be the transition period away from PINs and passwords, the new ATMs will lean more on biometrics. Teamed with […]

Contactless Payments: the ‘Holy Grail’ of Cashless Payments?

“Contactless payments” are exploding across England, which could be an indicator of an expanding global trend. According to WorldPay, contactless payments in the UK have skyrocketed 226% since this same time last year. It’s a process known as “Proximity Correlation.” It’s a contactless payment system that Starbucks has been using since 2012. “One in three […]

WEARABLE TECHNOLOGY (ie: Google Glass) INTRODUCES WEARABLE BANKING.

WEARABLE BANKING could become the Google Glass Generation killer app! Diginomic lifestyles, cultures and fashions are rapidly coming into vogue, starting in 2014 when Google Glass is scheduled to make its public debut. The new app that will allow the Google Glass Generation to locate ATM machines nearby helps open the gates to what is […]

Cashless trend is redefining money, and a central bank’s role as printer

“The world is quickly moving towards cashless or electronic payments. Seven countries, mostly in Europe, have already moved to an almost cashless society (over 80 per cent non-cash).” This is the announcement made by Microsoft at the annual Swift International Banking Operations Seminar (SIBOS) in Dubai the week of September 21. “The cost of using […]

PayPal Beacon Offers Hands-Free, “Do Nothing” Payments

“We challenged ourselves to find a better experience than swiping a credit card. We figured the only better way to pay would be to do nothing. Just walk in a store, and, like magic, when you’re ready to pay, money is transferred securely. No wallet. No card. Nothing to do. Not even touching your phone,” […]

Study: Mobile banking users to exceed 1 billion worldwide by 2017

It seems that mobile banking has arrived. This year 590 million mobile phone users across the globe will use their device for banking purposes; by the end of 2017 the number will exceed 1 billion. According to Hampshire, U.K.-based Juniper Research, that 1 billion will represent more than 15 percent of the world’s mobile subscriber […]

New Retail POS Forecast Mobile Payments Evolution

According to its Annual POS 2013-2018 Forecast Report for the point-of-sale mobile payments industry, Javelin Strategy & Research predicts “the point of sale (POS) retail market towers above the online market and will continue to do so for years to come.” POS transactions constitute 93% of total U.S. retail dollar volume, the report notes. “But […]