November 23, 2017

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 […]

Pay-by-Palm Closer Than You Think

Out of Sweden’s Lund University comes a development that promises to be a game changer in the ever-evolving world of diginomic payment systems. It’s a “pay-by-palm” system being developed and distributed by a biotech startup called Quixter. “Pay with your hand. Paying has never been quicker or more convenient,” Quixter’s homepage announces. Getting started at […]

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 […]

More Diginomics Predicted for 2022

The Payments Council of England published a new report in August, “UK Payment Markets 2013,” that predicts what the “diginomic world” of 2022 may look like. Consumer card use to rise by 75% Cash payments will drop dramatically Consumer check payments will be virtually non-existent Direct deposits to grow by 20% Our primary interest in […]

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,” […]

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 […]

“Square” May Be the Ultimate Reach in Diginomic Technology

Jack Dorsey is the mild-mannered super brain behind the “Twitterization” of the world. Now, he’s developed a hi-tech key into the world of diginomics through an all-electronic payment system called “Square,” which has evolved further into a pay system using GPS technology. Once you have established an account, a participating merchant like Starbucks knows when […]