August 22, 2019

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 […]

Next Generation to be Born into “Cashless” Society

According to the Forrester research group, children born today will be the world’s “first cashless generation” and will prefer their smartphones over their pocket wallets in making payment transactions. The target date for this transition: 2016. According to Carl Scheible, PayPal’s managing director in England, “By 2016, you’ll be able to leave your wallet at […]

DIGINOMICS EXPANDS: PRIVATBANK PROMOTES GOOGLE GLASS FOR BANKING

Diginomics takes another major step forward. The Ukrainian bank PrivatBank has given customers a glimpse of what they will be able to do using Google Glass once it is available on general release. Make a deposit? Simply look at the check(s) to be deposited. Pay a bill? Focus on a QR code. Many, many innovations […]

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 […]

“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 […]

Swiping Your Plastic Payment Card: Is it Going Away?

In a world where “contactless payments” are increasing in popularity, is it possible that the days of swiping your payment card are fast coming to an end? Ralph Danglemaier, CEO of BlueSnap, says e-commerce will begin taking over as the main form of all commerce in coming years. “With only about only 6 percent of […]