Ringly and MasterCard announce partnership to allow customers to pay with smart jewelry

ringly

You are about to have another option at your fingertips to pay for things.  Last week, the smart jewelry company Ringly announces a partnership with MasterCard that will allow you to pay for items with the tap of a ring. (Video)

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Mobile payments in the U.S. will triple in 2016

VeroPay App

One in 5 smartphone uses will mobile payments by 2016.

2016 will be a year of significant growth in technology. The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016, according to the latest proximity mobile payments forecast from eMarketer.

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Sweden is close to being the first country in the world to eliminate cash

sweden cash-free

It could take up to the year 2030 for physical money to disappear from Sweden’s system altogether.

Four out of five purchases in Sweden are paid for electronically or by card according to a new report from the Swedish news organization, The Local. They also report that Swedes are using electronic payments 260 times per person, per year.

 

 

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U.S. intends to make public drug company payments to doctors despite calls for delay

doctors payments

The database is part of the government’s “Open Payments” program.

Scores of doctors’ groups have called for postponement, but the Obama administration intends to stick to its 30 September deadline for making public a database detailing payments and gifts from the drug industry to US physicians, a spokesperson for the US Centers for Medicare & Medicaid Services (CMS) said on 15 September.

 

 

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Micro-payments between connected devices could enable a new layer of the economy

micropayments

Many of us now receive payments as well as make payments.

Ross Dawson: Last week I gave a keynote on The Future of Banking to a group of the most senior risk leaders in a major bank, sharing some provocative ideas on how the banking landscape may change in the years to come.

 

 

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Why there’s a big opportunity to revolutionize the financial system

bank hours

There’s a huge fortune to be made if you can solve the problem of cheap payments. Payments are one of 10 big problems that are crying out for a solution (others include cheap battery storage, water desalination, and a pill that makes you lose weight).

 

 

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