July 17, 2019

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 […]

Cashless Biocryptology: Your finger may soon replace your credit card; will come with an added security layer

Rapid City — Futurists have long proclaimed the coming of a cashless society, where dollar bills and plastic cards are replaced by fingerprint and retina scanners smart enough to distinguish a living, breathing account holder from an identity thief. Two shops on the School of Mines and Technology campus are performing one of the world’s […]

“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 […]

SMARTPHONE SPECIAL REPORT: HOW SMARTPHONES ARE USED TODAY

“The shopping process is being revolutionized: U.S. mobile commerce is expected to hit $10 billion this year, up from $6 billion in 2010 — but that’s only a small part of the story. According to Nielsen, 89% of smartphone owners have used their phone while shopping in stores in a host of different ways, most […]

Digital Economics Welcomes You to “The Diginomics Era”

Welcome to your resource for all things “Diginomic.” A world where “digital economics” is fast outpacing that of cash and other outdated analog payment methods (ie: checks, coins and cards) introduces DIGINOMICS … the global development of a digitized economic system and the culture surrounding it. This is the “go to” page for the “official” […]