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Mobile payment partnership unveiled

November 9, 2011

Mobile payments are changing the merchant services industry, allowing retailers to accept credit card payments through properly-equipped cell phones.

Mobile payments are changing the merchant services industry, allowing retailers to accept credit card payments through properly-equipped cell phones.

In recent days, AT&T teamed up with Intuit to introduce a GoPayments system that focuses on helping small businesses take part in the transactional process. According to a statement released by the phone company, small business owners will be able to increase sales because they can accept payments in more ways than before.

“Intuit GoPayment for AT&T comes with automatic pre-approval for AT&T customers, helping small businesses speed up the on-boarding process and enabling them to make credit and debit card transactions within minutes,” said Ebrahim Keshavarz, AT&T vice president of small business product management.

Many studies have found that the mobile payment method will be heavily adopted in the next few years. A report by Parks and Associates found that near field communication adoption was growing, especially with those in Generation Y. Merchants that don’t make the right moves will be unable to meet the needs of the ever-evolving consumer.

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