Payments

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LevelUp Launches Android Wear App To Enable WristBased Payments

Thought paying with your smartphone was futuristic? Well, now you can pay with your smartwatch too! The future is coming… and here at LevelUp, we’re just a little bit too excited about it.

Today, we’re announcing the launch of our LevelUp application for Android Wear™. LevelUp for Android Wear will enable smartwatch wielding customers to simply scan their wrist to pay at any LevelUp merchant. Read More

Now start shopping on Facebook, testing of Buy Button begins

Facebook is helping businesses boost their sales through the world’s biggest online social network. The buy button is active and will let people buy products directly from businesses without leaving Facebook. The button is currently visible at the bottom of sponsored ads, news feed ads and page posts. It is currently being supported by a limited group of several small and medium sized U.S. businesses.

Facebook is prioritizing on the user’s privacy and make the payment experience safe and secure. The credit or debit card information will not be shared with advertisers, as promised by Facebook. Although users do have an option of saving payment information, as part of their profile, for future purchases. Facebook is also looking to expand its role as a marketing platform. The company accounts for 7.8 percent of global digital ad spending, according to eMarketer. Read More

North American mobile payments increased 48% over last year, Adyen reports

Adyen, the global provider of international and omni-channel payment solutions, today announced findings from its latest global Mobile Payments Index covering the period of April through June 2014. During this period, mobile web payments accounted for nearly 22% of all payments transactions on Adyen’s network worldwide – a 9% increase over Q1 and a 33% increase over June 2013. Nearly 71.5% of all Adyen merchants worldwide processed mobile transactions in Q2. Read More

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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