Security for Mobile Payments & Online Purchases Become Top Priority for Consumers and Merchants - Company Launches Patent Pending Mobile Payment Suite
CORAL SPRINGS, Florida, January 12, 2015 /PRNewswire/ --
Industry analysts forecast growth in mobile security to reach $11 billion in the coming year as consumers look to secure devices and identity protection platforms for online purchases. Companies in focus today are: Aziologix, Inc. (OTC: AXLX), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), eBay Inc. (NASDAQ: EBAY) and Alibaba Group Holding Ltd. (NYSE: BABA)
Axiologix, Inc. (OTC Pink: AXLX), operating in the rapidly growing Mobile Payments and International Remittance markets, announces that, following a period of strategic review and business restructuring, it has recently launched a Cloud based 'Member-to-Member' payments service for both consumers and merchants in the United States that provides a mobile device alternative to traditional banking services for those who have so far chosen not to operate a regular bank account. Read more and sign up at http://www.axiocashgenie.com. The Genie Cash product suite is offered in conjunction with AllCom, Inc., a veteran of the telecoms and payment processing industry that has developed the solution over many years using patent pending technology and procedures.
Read the full AXLX press release at http://www.financialnewsmedia.com/profiles/axlx.html
The service allows all merchants and small businesses, from online stores to local service providers and eateries, to grow their business and make it easier for customers to pay them. Using Genie Cash, businesses can attract new customers that otherwise could not buy from them using the 'buy online but pay in cash locally' feature; Genie Cash also allow patrons to 'Pay by Text' if they wish, without having to disclose their card details. Genie Cash also delivers a more cost effective solution for these businesses over traditional options by taking in customer payments at less cost than traditional processing fees and subsequently paying their vendors instantly by check with a simple email. No more expensive ACH or wire fees.
Axiologix, Inc. based in Atlanta, Georgia operates in the rapidly growing Mobile Payments and International Remittance markets. AXLX's key focus is on un-banked and under-banked communities both in the United States and around the World. Together with their innovative strategic partners the Company provides disruptive 'Cloud' banking services such as 'member-to-member' payments and merchant services using cell phones and the Internet, along with linked debit cards for convenience and international mobile money remittance transfers at a keystroke. AXLX users have long sought to use more convenient, more inclusive and ultimately more affordable banking services that are currently unavailable to them from regular banking channels. Additional information may be found at http://www.axiologix.net
In other mobile payment news and happenings around the Globe: Apply Pay (NASDAQ: AAPL), a payment option available for less than three months, is already poised to overtake the transaction volume of Google Wallet (NASDAQ: GOOG) - a fledgling effort launched in 2011. ITG Investment Research estimates that with its current adoption pace, Apple Pay could top Google's market share by the end of next month.
But more importantly, Apple Pay could "pose a major threat" to the mobile payment kingpin, PayPal (NASDAQ: EBAY), according to ITG. Despite the fact that Apple Pay is still vertically bound to serve just its own customers and is supported by a "relatively limited list of merchants," the new service has advantages that PayPal may not be able to overcome. Read the full article at http://www.mainstreet.com/article/apple-pay-is-poised-to-overpower-paypal-in-mobile-payments
Alibaba (NYSE: BABA) and Apple, whose bosses expressed an interest in marrying their respective mobile e-payments platforms last month, have moved from flirting to dating. Alibaba's Alipay payments affiliate announced yesterday that it will allow users to authenticate their accounts with the iPhone's fingerprint sensor instead of a password, indicating a deepening relationship between the two companies.
Alipay, which has more than 300 million users, most of whom are in mainland China, said that the newly released version of its iOS app will allow iPhone 5S, iPhone 6, and iPhone 6 Plus users to activate the fingerprint payment function immediately, according to a report by China Daily. Read the full article athttp://qz.com/309567/alibaba-inches-closer-to-an-apple-pay-deal-one-fingerprint-at-a-time/
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