The days of carrying a wallet around so you can pay for goods and services may be headed toward extinction. Instead, you’ll use your smartphone. That’s the direction mobile payments are heading, and a company called Mazooma hopes to facilitate the process (by using online banking) and make it more convenient for the consumer and less expensive (compared to credit card fees) for the merchant.
Our colleagues at Ecommerce-Guide have more details on this mobile commerce technology. Just click the link below.
Read the complete article: Online Banking Purchases Lower Merchants’ Transaction Fees
For the savvy consumer who is ready to shop anywhere at any time mobile payments – e.g., using a smartphone as a wallet when shopping — make it easy to complete a transaction. The current status quo is to use a credit card or PayPal account to make a purchase, but this is a changing landscape fueled by new mobile payment options and digital wallets (or ewallet).
Small Business Computing is on Facebook. Join us on Facebook and interact with the site’s editors, post messages, share your small business challenges and successes, discuss technology and suggest topics you’d like covered on Small Business Computing.
| Do you have a comment or question about this article or other small business topics in general? Speak out in the SmallBusinessComputing.com Forums. Join the discussion today! |