Bitcoin Popularity: A Currency Revolution?

Friday, November 29th, 2013
Just a couple of years ago, most people in the financial sector may not have heard of Bitcoin, the digital currency that is currently becoming a rage. In a matter of months, this fledgling digital currency has received quite an amount of publicity that has driven its name at the forefront. Suddenly, this little-known digital currency became an attractive investment for many speculators. The sudden flood of publici

American Express Launches Pay-by-Twitter Service

Wednesday, February 13th, 2013
American Express has launched a new way for their US-based customers to pay stuff: on Twitter. The Amex Sync payment system lets AMEX card holders post a specific hashtag on Twitter to confirm payments from their accounts. The pay-though-Twitter scheme is now applicable in purchasing products from Amazon, Sony, and Microsoft–all are discounted to boot. It also offers savings to customers who tweet sponsore

PayNearMe Offers Mobile Payments in Cash

Wednesday, April 25th, 2012
Want to buy stuff online, but insist on not using a credit card or applying for a bank account? Worry no more! PayNearMe offers a mobile version of its alternative payment system that lets you pay cold hard cash for goods and services being sold online. So how does it work? First, check if the online store provides a “pay with cash” option (like for your long-distance bus rides). Then,

Daily Deal Industry Slowly Shifts to E-Commerce

Thursday, April 19th, 2012
In these troubling financial times, a new movement has been sweeping across major cities around the world that bring businesses earn income and consumers enjoy discounts. Many websites have put up daily deals, discounted services (from mani-pedi to spa treatments, from yoga classes to wine tasting) provided by neighborhood businesses big and small that are only available for purchase at a limited time. Consumers

Daily Deals Site Outlook Not As Rosy As Before

Thursday, April 19th, 2012
It was just only around sometime ago that the Web has been by daily deals sites by storm. The industry that Groupon somehow pioneered suddenly became the rage as people were attracted to the many deals being offered at substantially low prices. That hunt for such Web deals caught on with many online users which then gave birth to a new online industry. But after that rapid rise to online prominence, what has becom

eBay, Opera, PayPal Unveil Mobile Payment Innovations

Wednesday, February 29th, 2012
The Mobile World Congress does not only showcase the latest smartphones and other mobile devices, but also introduces the latest in mobile technology. This year, mobile payment has been the buzz word as the leading tech and financial companies scramble to become the dominating force in this fledgling industry. At the MWC, eBay, PayPal, and Opera introduced what they have to offer to the mobile public. First up is

T-Mobile Offers Square Mobile Payment to Selected Stores

Tuesday, January 31st, 2012
T-Mobile is doing its own thing in mobile payment service, as it becomes the first carrier to offer Square credit card swipers to a number of stores. These small businesses will be equipped with T-Mobile smartphones armed with Square card readers, developed by Twitter founder Jack Dorsey, making credit card transactions more convenient. The Square mobile payment technology is ideal for cash-only businesses, numb

Square Now Processing US$2 Billion Payments Yearly

Wednesday, October 12th, 2011
It is now very clear that mobile payments have a very promising future. As more and more people finally able to put their trust in mobile payment systems, this once novel idea would be enjoying incredible growth in the coming years, even in just a matter of months. A case in point- mobile payments company Square has been reported to process around US$2 billion transactions a year. Square is a mobile payments syste

Google Wallet Gets Visa And MasterCard Into Its Fold

Tuesday, September 20th, 2011
With NFC payments systems being hailed as the future means of paying for items, the technology has certainly grown and showing such promise. It is a technology that allows mobile phone users to conveniently use their mobile phones embedded with NFC chips to purchase and pay for items and goods. Its bright future may be the reason that Google has made itself as one of its players with the introduction of the Google

Virtual Grocery Store Set Up At Train Station In Korea

Friday, July 8th, 2011
It seems that most of the innovations in technology today have their seeds being planted in Asia. Countries like Japan and South Korea are now being seen as the progenitors of technology that may just catch on with the rest of the world. One recent example can be seen in this unique and innovative virtual grocery that has just been set up at a train station in South Korea. Tesco Homeplus, a popular grocery store c