August 22, 2019

MOBILE PAYMENTS TO “GO MAINSTREAM” BY 2019

By 2019, mobile payments in the U.S. will reach  $142 billion, up from the current $50 billion,” according to research firm Forrester. In a report released on Nov. 17 and reported in the New York Times, the mobile payments industry has matured over the past five years and has enjoyed consistent growth across all genres. […]

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 […]

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 […]

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 […]

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 […]

Cardless ATMs allow you to get cash with your phone

It had to happen eventually: cashless diginomics reaching the antiquated ATM machine to withdraw cash. Your smart phone is the new digital key to cash withdrawal from a new breed of cardless ATMs. “Here’s how it works,” reports CNNMoney on Oct. 9. “Using an app on your phone, you can place an order for cash […]

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 […]