Millions of dollars keep flowing into the payments industry as investors recently showed support for advanced payments cards from Dynamics Inc., Stripe’s e-commerce solutions and a digital-only Atom Bank.
Department store Kohl’s Corp. expects to enjoy the fruits of combining a mobile payments app with loyalty this holiday season.
China UnionPay continues to take steps to make it easier for its customers to make payments on their mobile devices.
U.K.-based mobile money provider Monitise plc is getting a major capital infusion, landing a £49.2 million (US$77 million) investment from the trio of MasterCard, Santander Group and Telefónica.
While online retailers roll their Black Friday bargains over to Cyber Monday, research shows that an increasing amount of online sales are being made via smartphones and tablets, and this trend is continuing – but this does not mean smaller crowds, as consumers are also switching to ‘click & collect’ services.
Holiday shopping over the Thanksgiving weekend was slightly lower than the previous year, according to a survey by the National Retail Federation.
UGO Wallet, an NFC mobile wallet developed by UGO Mobile Solutions and Canadian banks President’s Choice Financial and TD Bank Group, launched last week and is available to customers of Canada’s three largest wireless carriers.
Is it a surprise to anyone in the payments industry that the word “contactless” was a finalist this year as Oxford Dictionaries’ Word of the Year?
Monitise plans to raise £49.2 million through extensions of its relationships with Santander, Telefónica and MasterCard. The money raised will be used to ‘support the development and accelerated roll-out of its global platform capabilities’.
Gift card exchange Cardpool is partnering with LevelUp to make the most coveted gift—the gift card—more valuable by enabling LevelUp users to exchange unused and partially used gift cards for LevelUp credits at more than 14,000 participating merchants.
The recent launch of the Apple Pay wallet app on the latest iterations of iPhone handsets has created a flurry of activity among m-payments providers trying to attract as many consumers as they can to their solutions.
Virtual Piggy Inc. has unveiled a new prepaid card targeted for use by teens, who can use the card to shop at brick-and-mortar stores within limits set and managed by their parents.
Apple Pay has generated significant buzz since it launched on Oct. 21—and more than 1 million credit cards were registered in the payment app within 72 hours—but Leon Majors, president of the payments practice at Phoenix Marketing International, presented research in Chicago last week at BAI Retail Delivery 2014 that suggests Apple may have some of the same difficulties that have plagued other mobile wallets, including low acceptance.
A bug-eyed puppet in the shape of a POS device might be just what Softcard needs to get consumers thinking about tapping their phones more often to pay at the POS.
Popular social messaging service Snapchat is the latest tech provider to throw its hat into the P2P money transfer ring.
Merchants using “Google Wallet for digital goods” to accept online payments on their Websites soon will have to find a new provider, and consumers no longer will be able to check out with the Google Wallet for digital goods when buying digital merchandise.
Consumers who use digital channels for their banking conduct more transactions per month than those who don’t but are less expensive to service. Maximize your m-banking adoption and usage with features that move the needle.
Square, considered by many to be a trailblazer in the arena of mobile card readers that plug into smartphones, today has announced the San Francisco-based company is accepting pre-orders from U.S. merchants on a new Square reader that accepts EMV chip cards.
Skrill, provider of online payment technologies to merchants and consumers, and Microsoft4Afrika, an initiative launched last year to help accelerate Africa’s economic development and to improve its global competitiveness, together are launching an e-commerce portal enabling Africans to use their mobile wallets to buy from global Internet brands, access free educational content and use Microsoft software.
Brooklyn Nets basketball fans can use their smartphones to purchase refreshments at the Barclays Center as part of a pilot program for the Brooklyn eWallet by American Express, the Barclays Center and the Nets.
As payment options multiply, Fiserv Inc. wants financial institutions to be able to serve their customers no matter how or when they want to pay.
One of the biggest obstacles to consumer adoption of NFC- and EMV-enabled mobile payments over the next 12 months is the lack of a compelling enough reason for consumers to change how they pay, according to a recent survey of payment executives.
Attendees at the 29th gathering of CARTES concluding today in Paris noticed the event’s growing emphasis on mobile payments, as well as another striking feature of the show—drawing 20,000 attendees from 140 countries—is the diversity of products and business models mobile payments support.
The time is right for a new breed of digital-only banks to enter the market and steal away share from the established players, according to a new report by Monitise.
Apple Pay’s potential to change the game for NFC payments has been one of the dominant themes at the Money20/20 conference in Las Vegas this week. But the service—which uses the iPhone’s TouchID fingerprint sensor to validate users—also represents a major milestone for biometric authentication.
Banks will be judged on how well they provide mobile services and social media interaction in the coming years. Instead of being just another channel, these forms will be the first point of contact for customers, according to a new report by analyst firm Celent.
When one thinks of cutting-edge mobile commerce, a butcher shop in the 1980s isn’t likely the first image that comes to mind. But that was the connection made by Visa Inc. President Ryan McInerney, to illustrate what he views as one of the key ways in which mobile has the power to transform commerce—namely, by bringing personalization back to the shopping experience.
Apple Pay’s rollout was a top theme for payments executives speaking today during the kickoff conference session of CARTES in Paris.
CPI Card Group launches a mobile platform that enables NFC payments using the secure element or host card emulation. The Littleton, Colo.-based card manufacturer also announced its first EMV prepaid cards in Canada.
Softcard announced a deal with QSR giant McDonald’s that adds 14,000 more U.S. locations to the mobile wallet’s acceptance network.
It’s been a rough week for Merchant Customer Exchange (MCX), the retailer-led mobile payments consortium.
More than 1 million credit cards were activated within the first three days of the Apply Pay mobile wallet’s Oct. 20 debut, Apple CEO Tim Cook told attendees at the WSJD Live Global Technology Conference this week.
MasterCard was one of several investors to lead a round of Series B funding that brought in $185 million for Mozido LLC, a startup that focuses on cloud-based, white-label mobile payments services for banks and merchants.
Consumers who want to use Apple Pay at the POS may be a little confused as two large pharmacy chains reportedly accepted some initial payments with the mobile wallet that went live last week, but no longer are.
David Nelms, CEO at Discover Financial Services, kept his cards close to the vest about the payments network’s involvement with the recently launched Apple Pay—but Discover’s participation does seem likely, based on his comments during a Q&A with investors on this week’s earnings call.
Apple Pay is a “catalytic” event likely to change the U.S. payments landscape, though it may take time to see its full effect, according to Matt Barr, MasterCard’s new U.S. head of emerging payments.
As Apple Pay goes live today, millions of merchants will be measuring consumer and marketplace reaction at the POS, as they contemplate their own mobile payments strategies, including accepting NFC-based payments.
RDC specialist’s busy year includes an IPO and a fast-growing prepaid platform.
League Service Corp. (LSC), a national credit union service organization, has tapped Cachet Financial Solutions to power its prepaid mobile application, which currently is offered by 900 credit unions.
While a great deal of attention has been given to Lloyds Banking Group’s retail operations as its various elements are split up, less has been given to its activities in transaction banking, where it is “one year into a three-year journey” to transform itself and its customer offerings to create“the best global transaction bank in this region”.
