Saturday , September 22, 2018

Mobile Commerce

The Best Gift Card Sellers Really Shine, But Below That Level the Picture Grows Dimmer

By Kevin Woodward@DTPaymentNews Retailers considering or starting a digital gift card program may do well to study the programs offered by Sephora USA Inc., Starbucks Corp., The Home Depot Inc., Dunkin’ Donuts, and Amazon.com Inc. Their digital gift card programs ranked at the top of a roster of 100 retailers …

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Eye on Mobile Payments: More Merchants Take Wallets; Walgreens Brings Loyalty to Android Pay

By Kevin Woodward@DTPaymentNews Mobile payments continue to garner merchant interest as more retailers are accepting mobile wallets, research shows. Meanwhile, drug-store chain Walgreens is making its loyalty program available to users of Android Pay. Thirty-four percent of small businesses accept mobile payments like Apple Pay and Android Pay, finds the …

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Square Posts Europe Job Openings and other Digital Transactions News briefs

• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …

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Eddie Bauer Discloses POS Breach and other Digital Transactions News briefs

• Apparel retailer Eddie Bauer LLC said payment cards used at its more than 350 U.S. and Canadian stores from Jan. 2 to July 17 may have been compromised by malware placed on its point-of-sale systems, KrebsOnSecurity.com reported. The malware has been removed; Eddie Bauer said the “intrusion was part …

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Eye on Mobile Payments: Chase Pay Snags Phillips 66; Report Decries Wallets’ Value Void

JPMorgan Chase Co.’s Chase Pay mobile wallet, probably the most ambitious bank-operated U.S. mobile-payments service, on Wednesday announced it has signed up Phillips 66 Co., which sells gasoline under the Phillips 66, Conoco, and 76 brands, and will accept Chase Pay at its pumps and in its stores. No date …

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A New Mobile Wallet from Pharmacy Giant CVS Shows Further Migration From MCX

Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which on Thursday announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …

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Square Moves Toward Profitability as Its Payment Volume Booms

By Jim Daly @DTPaymentNews Square Inc. reported Wednesday that its payment volume grew 42% in the second quarter to $12.5 billion, and, while still reporting a loss, the merchant processor edged toward profitability as its adjusted revenues jumped 54%. Square, which began signing merchants in 2010, also raised its financial …

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WePay Takes its Payments-as-a-Service Tech to the U.K.

Payments-service provider WePay Inc. has expanded into the United Kingdom, a move that could make it easier for its clients to offer services internationally, WePay announced Tuesday. WePay’s client list includes organizations such as GoFundMe, Meetup, Care.com, Fresh Books, and Constant Contact. Organizations like these rely on crowdfunding payments. WePay …

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A Sweeping Deal With Visa Allows PayPal To Make Another Run at the Physical POS

For years, PayPal Holdings Inc. has struggled to bring its popular online payment product to the physical point of sale, and now a deal announced Thursday with Visa Inc. may help the company finally realize that ambition. The sweeping, multiyear agreement could also represent a thaw in what have often …

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Telcos Fade Even Further From the Mobile-Wallet Scene With the Collapse of Suretap

The failure of Suretap Wallet L.P., the Canadian mobile-payments service controlled by five telecommunications companies, raises further questions about the role, if any, telcos will play in this business, experts tell Digital Transactions News. Suretap, which announced Friday it will shut down effective Aug. 26 after barely more than a …

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