Payment Technology

Revolution Money offers online payment alternative

By Emily Clark

22:07 October 11, 2007 PDT

October 12, 2007 Online shopping has become a way of life for many consumers with 39 per cent of adults in the US reportedly making a monthly purchase online according to a study from icrossing. With the advancements in technology has come increased security risks and fees, opening up a market for new approaches to online financial transactions. One of the newest players in this field is Revolution Money - a company founded by the co-creator of the AOL Internet service, Steve Case, that claims to have developed a better way of managing money in cyberspace. Read More

Hand-held wireless merchant system a boost for mobile businesses

By Loz Blain

June 22, 2007 "Sorry, I've got no cash on me" is possibly one of the biggest barriers to sales for mobile businesses and charity groups. But that won't be an excuse for long - Hypercom has announced the immediate global release of a hand-held wireless card payment system that's very quick, extremely secure and much, much smaller and lighter than previous attempts. Tricked-out with extremely quick processing, a color screen and support for credit, debit, gift, loyalty and check transactions - including non-contact PayWave-style transactions - this unit will make business much smoother for mobile and delivery businesses across the world. Read More

Radio-equipped Visa card lets you pay your cab fare with a wave

By Loz Blain

June 13, 2007 For all the convenience of not carrying cash around, credit cards can still be a fairly cumbersome way to pay, particularly for small purcahses. Visa's PayWave system cuts the signature out of the process for transactions under $25; you simply wave your card at a sensor, wait for the green light and go. The system already has about 31,000 implementations in the United States and is now rolling out into New York taxicabs, where it will speed up the payment process. Read More