Today it's easy to transfer money, make payments, and buy goods and services in countless ways outside the walls of a bank or retailer. In fact, physical visits to banks are down 30 percent since last year, and the use of mobile banking apps is up 33 percent, according to a new survey from Chase. Banks are embracing new technologies and evolving consumer habits to engage the next generation of customers.
Last week, at the Wearable World Congress in San Francisco, executives from Capital One, MasterCard and PayPal participated in an animated discussion about the future of mobile payments and explained why wearable technology is an important part of their companies' game plans.
Tesla CEO Elon Musk is no stranger to risky but successful ventures. He's helped found companies such as PayPal and other leading edge tech firms, including an aerospace manufacturer to help colonize Mars.
Though it seems as if we're sourrounded by innovative products, services and technologies, there's a growing counter argument that we're living in a dismal era. Science is hated. Real technological progress has stalled. And what we call innovation today really isn't very innovative.
The OpenStack cloud platform works well for companies that aim to deploy software or infrastructure as a service but remain wary of doing so using public cloud services. Here's how to find out if OpenStack is right for your business.
Enterprise bug bounty programs are increasing in popularity. They offer cash to hackers who find and report security vulnerabilities and are an effective way for large organizations to beef up the security of their software.
Mobile commerce offers great deal potential, but like many technology trends, it may take time to really catch on. If your business is looking to implement mcommerce, there are some important factors to consider beyond the technology. First and foremost, think about your customer, and the customer experience.
As more and more smartphone and tablet users shop via their mobile devices, being able to accept mobile payments is becoming a more important element of ecommerce. But does it make sense for your business? Mobile payment service providers Square, PayAnywhere, PayPal and Bank of America discuss fees, security and which types of business would benefit the most.