A South African company created by a father and son team has launched a mobile point of sales system designed for small and medium enterprises. The device is similar the Square in that it attaches to your smartphone and allows for the processing of credit and debit card payments. The Edge is capable of processing chip-and-PIN and mag-stripe card payments.
Thanks to mobile technology, it seems that there is hardly a need to talk to anybody anymore. Combined with advances in mobile commerce, you can literally shop on the go using your smartphone or tablet. The lodging chain known as Motel 6 (I believe that they will always leave a light on for you) has been developing a hearty set of mobile services designed to make life as easy as possible for its customers. You can now add Google Wallet as a way to conveniently book your room.
As service providers deploy their LTE (News - Alert) networks into more regions, it gives people the ability to do more with their smartphones. We have seen in the past how bank branches in remote areas in Ireland were closed because they became too difficult to maintain. While at the beginning, this forced people of all ages to rely on smartphones for mobile banking, they quickly embraced it. A new report from Juniper Research (News - Alert) shows that in the next five years mobile banking will surpass online banking as a means of conducting all your banking needs.
Thanks to conditions in the Middle East, one digital wallet company is being forced to rebrand itself. The extremist group causing havoc in Iraq right now is calling itself ISIS. Unfortunately, that is the name of the digital wallet company. Although they had the name first (not counting the Egyptian goddess) the only thing that people will associate ISIS with right now is Iraq. It is never easy to rebrand yourself, however it is also not healthy, especially for business, to be associated with a terrorist group.
It seems that no matter what happens Bitcoin continues to grow as virtual currency. The word is that Latin America is getting ready to experience a substantial growth with respect to this elusive currency. A company named ZipZap is making it easier for customers in Latin America to buy Bitcoin. What began in Brazil has been expanding to other Latin American countries.
These are just a few of the stories that we worked on this week. The best way to stay current is to keep checking in with us. You can stay current by checking out the details to these stories and many more by going to Mobile Commerce Insider and keeping an eye what is going on in the mobile world of commerce.
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