Friday, March 4, 2011
Dwolla Spots Supports Mobile Payments at Retail Locations
Dwolla "Spots" enables mobile payments for goods and services at retail locations using their mobile devices. Dwolla charges a flat transaction fee of 25 cents per transaction.
To pay a brick-and-mortar merchant, a Dwolla user selects the Spots tab from within Dwolla's mobile application, finds the business on a location-based map, and enters the transaction amount. The funds are sent immediately to the merchant.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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