Monday, November 12, 2012

News Card 2




More customers using mobile payment technology


It is estimated that the number of mobile payment users is going to increase from 32.7 million this year to 90.6 million in 2016 according to stamford, Conn.-based Gartner Inc. One of the applications using mobile payment is Level Up which links credit cards with QR codes that you scan with your mobile phone. The QR codes are imprinted on the products you are going to buy. Other technologies use different barcodes. It’s a way to make the transaction process faster and it doesn’t waste paper.

Stephan Kistenfger 552-9516

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