October 22, 2012
Today at the inaugural Money 2020 Expo in Las Vegas, Payfone CEO Rodger Desai will discuss the future of mobile payments in a panel moderated by Ken Paterson, head of research at Mercator Advisory Group. Prakash Hariramani, vice president, head of product at Payfone is also hosting the “Checkout and Payment” track today.
September 18, 2012
Payfone’s new payment product will help users eliminate navigation steps and let them more quickly make electronic payments while shopping, says Vice President Prakash Hariramani. Investors include American Express, and the 1 Touch Checkout will be tested this fall in an effort to improve mobile payment use.
September 13, 2012
US-based mobile payment processing company Payfone has launched 1 Touch Checkout, a mobile commerce checkout service that connects shoppers’ mobile identities with their payment instruments. Payfone has also signed a partnership agreement with US alternative payments services provider CardinalCommerce. CardinalCommerce has joined the Payfone Ecosystem as its channel partner. The company plans to roll out Payfone’s mobile commerce service to a network of merchants.
September 13, 2012
Payfone has announced ’1 Touch Checkout’, a “new mobile commerce checkout solution that connects shoppers’ mobile identities with their payment instruments to enable the easiest, fastest and most secure mobile commerce checkout experience possible.” Payfone also announced that CardinalCommerce has joined the Payfone Ecosystem as its channel partner.
September 17, 2012
Prakash Hariramani of Payfone uses the word pain a lot in discussing mobile payments. Time will tell if his company’s new mobile service will be a cure. “We feel the mobile payment process is very painful,” says Hariramani, Payfone’s vice president and head of product. Payfone’s new payment product, 1 Touch Checkout, uses mobile identity to directly execute electronic payments while shopping. The company hopes that will improve the user experience by removing some navigation steps.
September 13, 2012
By the end of a Finovate, our brains go numb, one demo melds into the next, and we can’t quite remember what happened on Day 1. And we include the night of Day 1 in that.
September 13, 2012
Payfone has announced ’1 Touch Checkout’, a “new mobile commerce checkout solution that connects shoppers’ mobile identities with their payment instruments to enable the easiest, fastest and most secure mobile commerce checkout experience possible.” Payfone also announced that CardinalCommerce has joined the Payfone Ecosystem as its channel partner.
September 13, 2012
US-based mobile payment processing company Payfone has launched 1 Touch Checkout, a mobile commerce checkout service that connects shoppers’ mobile identities with their payment instruments. Payfone has also signed a partnership agreement with US alternative payments services provider CardinalCommerce. CardinalCommerce has joined the Payfone Ecosystem as its channel partner. The company plans to roll out Payfone’s mobile commerce service to a network of merchants.
September 12, 2012
With all of the attention retailers put on mobile commerce as the number of smartphones and tablets in consumers’ hands continues to rise, one nagging metric haunts them. Mobile commerce conversion rates lag behind e-commerce rates, an average of 1.59% for m-commerce compared with the 3.18% e-commerce average rate, according to the Internet Retailer Mobile 300 and Top 500 guides. One culprit may be the cumbersome requirement to enter a 16-digit payment card number along with billing and shipping addresses.
September 12, 2012
US-based mobile payment processing company Payfone has made 1 Touch Checkout available, a new mobile commerce checkout service that connects shoppers’ mobile identities with their payment instruments. Payfone has also partnered with US alternative payments services provider CardinalCommerce.
September 11, 2012
CardinalCommerce Joins Payfone Ecosystem as Channel Partner.
September 11, 2012
New York-based m-commerce company Payfone today announed the release of a new mobile payments solution, 1 Touch Checkout, on a limited basis. Payfone also announced Cleveland-based payment transactions firm CardinalCommerce as its first channel partner.
September 11, 2012
Payfone, the leading mobile commerce company, today announced limited availability of 1 Touch Checkout™, a new mobile commerce checkout solution that connects shoppers’ mobile identities with their payment instruments to enable the easiest, fastest and most secure mobile commerce checkout experience possible. Payfone also announced that CardinalCommerce has joined the Payfone Ecosystem as its channel partner. The company will roll out Payfone’s solution to a network of merchants to accelerate the widespread adoption of this new approach to mobile commerce.
September 6, 2012
Shopping, even for major items like a wedding dress, is now something people do while strolling through the park. In 2011, U.S. mobile commerce sales surged 91.4%. By 2015, analysts estimate total mcommerce sales will reach $31 billion — a 363% increase from 2011. Many retailers are investing heavily to respond to this opportunity, yet there is still a major disconnect between consumer expectation and experience. Mobile commerce is seeing a 69% shopping cart abandonment rate, which equates to a massive missed opportunity for merchants.
August 27, 2012
Have you ever ordered a pizza while walking down the street and had it delivered by the time you got home? According to Forrester Research, mobile purchases are expected to generate $31 billion by 2016, a 39 percent growth from 2011. Since a large portion of mobile purchases will not be in-store, but rather “remote commerce,” you need to think about how you not only drive traffic to your mobile site or app, but how you increase mobile conversion rates and take a piece of this growing sales channel.
By authenticating the user via the mobile network operator, Payfone significantly reduces the potential for fraud, lowers friction, increases conversions and drives revenues for merchants/acquirers, mobile network operators and issuers.
