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Regal Cinema, Barnes & Noble.com To Go Mobile Payments

Written by Evan Schuman
August 8th, 2006

A new mobile payment system–called PayCash Mobile, from Cyphermint–will make its appearance at Regal Cinema and Barnes and Noble.com soon, according to Cyphermint CEO Joe Barboza. The new system will charge retailers about 2 percent of a transaction and will use a cellphone number and a PIN to authenticate transactions that are then paid for with a traditional credit card.

The benefit of this system compared with others from rivals such as MobilLime, Barboza said, is that it processes payments in a matter of seconds compared with hours for MobileLime.

Posted in E-Commerce, IT Strategy/Industry, Mobile/Wireless/Contactless, Payment Systems, RFID
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