New Media Insight Group has launched its mCard Cloud Payments solution in the US to offer merchants new ways to accept payments and lower transaction fees.
The new solution will allow merchants to accept payments from a consumer’s mobile, mCard wallet on any wireless or Internet connected device.
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mCard Cloud Payments will also allow retailers to accept payments from anywhere in their store.
The payment solution will allow anyone to be set up to receive payments from a person’s wireless device on any wireless or Internet connected device.
New Media Insight CEO Michael Palethorpe said: "mCard Cloud Payments reduce merchant transaction fees to 0.5%, compared to typical credit card processing fees, in which the average the transaction price is approximately 2.75%.
"The savings, security and convenience aspects of mCards and Cloud Payments will provide extraordinary benefits to both customers and merchants over more traditional payment solutions," Palethorpe concluded.
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By GlobalData
