Awepay

Author: Awepay New Month is coming, the geese are getting fat, please put some money on my mobile app... OK, we may not be ready to ditch the traditional Christmas rhyme just yet but we’re certainly getting ready to ditch our more traditional ways of paying for Christmas. For the past couple of decades, the arrival of the holiday season has meant that we all hit the shops, with plastic cards in our hands, waiting for the inevitable come-down when the bills hit in January. But are things changing? More people are using their mobiles to make payments – particularly young people - and what will that mean for shopping habits? According to a recent survey from Visa, the way that this younger generation are using their mobiles is an indication of things to come.  The research found that nearly two-thirds of millennials have used their phones to send money to a friend or member of their family. That figure ties in with Visa’s figures for mobile banking:  the card co...

Author: Awepay Our nation is controlled by opaque, amoral artificial intelligences -- and so are we. When I wrote yesterday how I feel trapped by Facebook, I was just scratching the surface of the way that big-data AIs analyze, taunt and manipulate us. Facebook is the worst of them, because most AIs are really only interested in selling you things. Facebook is interested in keeping you engaged with Facebook, and as I said yesterday, that often means filling you with anger and fear. Facebook has shown that a big data AI can control our opinions and manipulate our emotions. But it's far from the only AI of its kind, and this is just the beginning. The big data AI cat is out of the bag, and it knows everything about you. Facebook is particularly powerful because it has convinced people to log the contents of their lives within its walls. Most big data systems need several different data sources, collected from different theaters of activities, to create their profile of ...

Author: Awepay Have you ever purchased something using your mobile phone or tablet? If not, you will surely do so in the near future. Mobile Payment is about to reach its tipping point of rapid growth, just like what mobile internet usage had a little while back. For merchants who run online platforms and e-commerce shops, allowing customers to pay from the mobile is no longer a “nice to have” but has now become an essential part of the business. Regardless whether you run an e-commerce shop or any other online platform, it is very clear that your customers expect to have a reasonable and pleasant user experience on their mobile platforms (smartphones, tablets etc). However, today more than ever, customers also expect to maximize its use and be able to complete payment transactions via their mobile devices; and this is where Mobile Payment kicks in. We gathered the top things you need to know about Mobile Payment. You might as well consider this as your “Mobile Payment for ...

Author: Awepay Limit on your Credit Card The credit limit on your credit card is the maximum balance given to you by the issuer. By setting a credit limit, the bank controls your purchasing power with the card. At the same time, the set credit limit helps you maintain a good credit score. The credit utilization ratio, which is the ratio of your credit card balance to the credit limit allowed, plays a very important role in determining your credit score. Higher the credit utilization, lower will be your credit score. So, how is this credit limit decided by the banks? Different credit card issuers have different criteria of calculating the credit limit to be granted to an individual applicant. But there are a few common elements that help the banks decide the credit limit. Let us discuss these elements in some detail. Credit History This is the first thing that banks and other credit card issuers check before approving your application. Your credit score also helps th...

Author: Awepay Cryptocurrency created quite the buzz this past year. Although the technology has been around for a few years, 2017 was the year it really took off. Bitcoin, the first application of cryptocurrency technology, hit $20,000 a coin, while coins like Ethereum also saw their prices increase. However, the technology behind these tokens, blockchain, has far more applications than just cryptocurrencies. Through a network of smart contracts that operate utilizing decentralized information on a ledger, blockchain is able to provide unmatched security and speed for data transfers. This means that blockchain technology has an application in nearly every industry where value is exchanged. For this reason, many startups have started to explore how this technology can change the way the world works. Here are twelve of those startups, each of which are utilizing blockchain technology in new ways. Related: 10 Reasons Why Good Customer Service Is Your Most Important Metric ...

Author : Awepay Will you literally be paying for goods with a smile in the future? The idea of paying on a mobile device once seemed like a scene straight out of “Back to the Future,” but more Americans now own mobile devices than do not. Using a mobile device to pay from anywhere in a store or at an offsite location is no longer reserved only for the tech-savvy early adopters, it’s the new normal for both merchants and customers. While conversations about mobile payments once focused on functionality, security and cost, there’s only one question to be asked: What’s next? Here’s a look into what the future may hold for mobile payment processing. Cards will become irrelevant. Consumers haven’t ditched the role of physical cards as readily as some mobile industry experts originally predicted, despite the massive launch of mobile wallets by major mobile manufacturers and tech providers. Though 15 percent of consumers reportedly used mobile wallets as of 2015, CIO Magazine says t...

Author: Awepay Mobile wallets provide many benefits to consumers, and payment experts believe mobile payments will hold a significant position in the payments ecosystem once the dust settles from the EMV shift. Integration of loyalty programs One of the big draws of mobile wallets is the number of secondary features available for integration. Some major retailers have already launched their own payment apps with other features such as store locators and rewards programs. These apps use existing customer accounts (often from store websites) for sign-in, payment, and account information purposes. Loyalty feature integration allows the consumer to check his or her progress toward customer rewards and to claim those rewards wirelessly. Integration of commerce features As mentioned above, store locators are making their way into payment apps. Centralizing commerce features such as store locators, price comparison options, shopping lists, and wishlists can give mobile wallets con...