Monday, February 14, 2011

3% of SMBs accept mobile payments today; increasing to 7% in the next 12 months and 16% by the end of 2012

According to a study being conducted by The SMB Group, a research firm
focused on the SMB market, 3% of SMBs accept mobile payments today and that
number will increase to 7% in the next 12 months and 16% by the end of 2012.

New Mobile Payments Product Launched by Sage with No Processing Fees

Sage Payment Solutions, the payments division of Sage North America, has
launched Sage Mobile Payments, a Payment Card Industry (PCI)-compliant
mobile payments product that allows SMBs to expand payment options to
accepting credit and debit cards on 400+ types of mobile phones and
computing devices, across all major wireless carriers. All customer data
flowing through Sage Mobile Payments is encrypted, and no personal data is
retained on the phone or mobile computing device. There is a nominal set-up
fee, a low monthly fee and no incremental mobile processing or transaction

Sage Mobile Payments will soon integrate with Sage Exchange, a secure,
PCI-certified payments platform that can automatically update Sage-developed
accounting, enterprise resource planning (ERP) and billing and time tracking
systems with payments data to help eliminate the cost and inaccuracy
associated with manual data entry. Sage Exchange also integrates with
third-party business management products and services.

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