Sunday , October 22, 2017

Mobile Wallets

While Lauding a Strong Quarter, PayPal Brass Looks to ‘Monetize’ Venmo And Launch NFC

With Venmo accounting for a swiftly growing share of PayPal’s total payment volume, the company’s top brass left no doubt on Thursday they are eager to start making the peer-to-peer payment service start paying its way. “We [now] begin to monetize Venmo,” PayPal chief executive Dan Schulman told equity analysts …

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BIM Brings an ACH-Payment Option to Phillips 66, Conoco, and 76 Gas Stations

Consumers using the Phillips 66, Conoco, or 76-branded smart-phone apps soon will be able to pay for fuel using their checking accounts thanks to an integration with Buy It Mobility Networks, a New York City-based payment and customer relationship management platform. Announced Tuesday, the service will be available soon, says …

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VeriFone Adding Alipay Acceptance to Las Vegas, NYC Taxis

As tourists from China visit the United States—they are now the fifth largest group of travelers to this country—they want to use familiar payment methods. Now, Alipay, the digital wallet from China’s Alibaba Group Holding Ltd., will be accepted in New York City and Las Vegas taxis using VeriFone Systems …

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Letting Users Pay Merchants With Venmo Could Spur New Revenue From a New Crowd

PayPal Holdings Inc. has been talking for more than a year about allowing users of its popular Venmo person-to-person payments app to use the app to pay merchants. On Tuesday, the payments company threw the door wide open for Venmo, announcing it can now be used to pay at as …

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They May Not Like the Terms, But Issuers Will Likely Re-Up for Apple Pay

The first big wave of Apple Pay contracts are expiring this month, and a big question for both Apple Inc. and the financial institutions that committed to support the computing giant’s mobile-payments app is whether to renew, and under what terms, in the face of less-than-spectacular results for mobile payments …

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A Canadian Startup Mates Contactless With Cryptocurrency in a Fledgling Wallet

With Bitcoin trading at $4,300 and Ethereum at $300, most of the attention in the payments world has been on the cryptocurrencies’ value as an investment rather than as a payment method. Now, a year-old Toronto-based startup hopes to change that by enabling contactless point-of-sale transactions using Ether, the Ethereum …

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Digital Wallets Are Not Yet Ready for Prime Time, But Are Getting Closer, a Report Says

Though digital-wallet adoption among consumers may have paused this year, merchants continue to prep for the electronic payment, according to “The Next Phase of Digital Wallet Adoption,” a report commissioned by JPMorgan Chase & Co. Conducted by Forrester Consulting, a unit of Forrester Research Inc., the report found the fraction …

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GasBuddy’s New Payment Service Discounts Gasoline Prices

Consumer affinity for the cheapest gas prices birthed smart-phone app GasBuddy, and now the app has sired a way for consumers to actually make the payment at fill up. Boston-based GasBuddy recently announced its Pay with GasBuddy service, which connects a consumer’s checking account with a GasBuddy-issued card. After enrolling …

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Only a Year After Admitting Credit Cards, Aldi Says It Will Accept Contactless Payments

The Aldi Inc. supermarket chain, which only last year began accepting credit cards, said in a press release on Thursday it now “accepts all forms of contactless payment,” including Apple Inc.’s Apple Pay and Alphabet Inc.’s Android Pay mobile wallets. The Batavia, Ill.-based company has already activated contactless payments chainwide, …

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48% Don’t Use Mobile Wallets and other Digital Transactions News briefs

Some 48% of surveyed U.S. consumers don’t use Apple Pay, Android Pay, Samsung Pay, Venmo, or Bitcoin and 46% say not enough places accept these payment methods, according to invoicing and payments firm Viewpost, which canvassed 1,000 people. Mobile-payments provider LevelUp announced a link to delivery.com, which serves more than 12,000 restaurants. The connection …

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