It may get a bit overwhelming to keep track of rapidly developing mobile wallet technology. The technology, however useful it may be, is complex, and its not always clear what you should choose if you're a merchant looking to provide customers with the best possible services. Thats why Global Web, which handles online payment processing, takes a look at new developments in mobile wallet technology and explains key terms below.
- Digital Loyalty Cards: This kind of smartphone application essentially replaces the need for frequent buyer punch-cards. Instead of stuffing your wallet with those cards, you can store them all neatly in your mobile phone. Nevertheless, you may still need to have a few of these applications downloaded on your phone, since merchants may use different versions of these applications.
- Special Loyalty Apps: These applications are a bit more creative so to speak. Instead of just granting the customer a free coffee after ten coffee purchases, the customer gets to do something a bit more wacky. (Imaginative prizes are encouraged.) Then, the customer, having received their prize, gets to share the experience through social media, thereby bringing together business and client in a social forum.
- Combination Payment Apps: With this application, customers can quickly and easily pay for their item or service through their mobile phone. Consumers must connect their credit cards to this kind of application. Those who have download this kind of application can hold up their phones to the phone of the merchant who also uses this application, and thus transmit their payment instantaneously. Instead of fumbling about for cash, consumers can quickly and easily pay for products and services.
Global Web, a leader in the online payment processing arena, is constantly on the lookout for new technology that enables consumers to quickly and easily pay for products. Clearly, consumers are using more and more digital technology to pay for services and products not only online, but in regular “brick and mortar” shops. As such, new technology that ensures that digital transactions are secure will be of vital importance. Indeed, Global Web is constantly working towards providing clients with the highest level of security during all of their online payment transactions, and will continue developing new security means to meet the challenges of the future.
About Global Web
Global Web aims to provide its clients with the highest quality subscription processing systems and consultation services, as well as content management technology. The company is based in New York City and was founded some six years ago. Today, merchants across the global choose Global Web to manage their online businesses. Global Web may be contacted at (877) 855-1753 or via Facebook, Google+ or Blogger.
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