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New mobile credit card system leverages location-based

June 29, 2012

One of the biggest trends in mobile technology these days is location-based software. To take advantage of this, Placecase recently unveiled a brand new mobile credit card processing service, ShopAlerts Wallet.

One of the biggest trends in mobile technology these days is location-based software. To take advantage of this, Placecase recently unveiled a brand new mobile credit card processing service, ShopAlerts Wallet.

In a release, the firm said that the payment technology would leverage HTML5 and tie in mobile payment options with deals at nearby store locations. The company said that part of the systems appeal was that both consumers and merchants could use the system without having to download a program.

The head of Placecast said that the payment processing sector was changing thanks to technology.

“The future of commerce is being dramatically transformed by smartphones, putting consumers in control,” says Placecast CEO Alistair Goodman. “Consumers like convenience, to save money and to be rewarded for their business. Leveraging the industry’s most robust mobile offers platform, the ShopAlerts Wallet delivers on this promise today.”

While some have been slow to adopt the mobile payment method, many studies reveal that the sector will experience substantial growth over the next few years. A report from the Yankee Group revealed that by 2014, mobile payments would total $1 trillion.

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