Friday , March 29, 2024

Mobile Wallets

Eye on Crypto: A MoneyGram Launch; Wirex Partners With OnRamper; Bitget Lists PayPal’s Stablecoin

MoneyGram International Inc. announced Tuesday it will launch in the first quarter next year a non-custodial digital wallet that will support stablecoins. The wallet’s support of stablecoins—digital currency tied to the value of a national fiat currency, such as the dollar— will enable consumers to move from fiat currency to …

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Mercedes pay+ Adds Mastercard to Its In-Car Payment Service

Automaker Mercedes-Benz is enabling in-car fuel payments for users of its Mercedes pay+ service. Announced Monday, the service also integrates Mastercard Inc.’s Secure Card on File for Commerce Platform technology. Available initially only on select Mercedes models in Germany, the fuel payment app joins a parking-payment app the giant carmaker …

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Processor NAB Enters the SoftPOS Sweepstakes With Tap to Pay on iPhone

North American Bancard has joined a growing list of processors offering Tap to Pay on iPhone or its Android-based equivalent to merchants for contactless transactions. A big advantage of Tap to Pay on iPhone, especially for small and micro-merchants, is that it enables them to accept in-person contactless payments on …

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Commentary: Today’s Payments Are Broken. Here’s What to Do About It

Most bankers know that today’s payments are broken. From keeping pace with evolving customer experiences, to navigating the changing regulatory environment, to overcoming competitive threats from nonbanks, many have become so frustrated they are debating whether to abandon some in-house payments channels entirely. Consumers, too, are becoming frustrated with the …

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IPS Advances IPSIPay Funding And Other Digital Transactions News briefs from 9/21/23

Innovative Payment Solutions Inc. announced it has completed the second of three $500,000 capital contributions to IPSIPay Express LLC, a joint venture aimed at processing digital payments in the sports-betting and online-gaming markets. Partnering with IPSI in the venture are OpenPath and eFinityPay. Reports indicate a security breach at T-Mobile exposed sensitive data, …

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Square Founder Dorsey Will Have His Hands Full in Taking Over Square Again, Observers Say

The unexpected announcement late Monday that Square chief executive Alyssa Henry is leaving the company and being replaced by founder Jack Dorsey raises tough questions about how the strategy and direction of the huge point-of-sale payments company might change, experts say. Dorsey, a key founder of what was then called …

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Zebra Joins the Race for Mobile POS Market Share

Zebra Technologies Corp. has entered the highly competitive mobile-payments market with the introduction of Zebra Pay, a software-based, PIN entry, consumer off-the-shelf mobile payment solution for merchants. With solutions like Zebra Pay, the cardholder’s PIN is entered on an acquirer’s app running on the mobile device, while the card is …

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Stripe Eyes Its Checkouts for Consumers And Conversions for Merchants

Stripe Inc. early Monday launched a series of enhancements aimed at improving checkouts for merchants. The new features—which include one-click checkouts and a no-code A/B testing tool for businesses to evaluate how different payment methods perform—rely on pre-built user interfaces. This should allow merchants to quickly deploy the new features, …

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An Interchange Class-Action Settlement Inches Forward With a Recent Court Action

The federal court overseeing a $5.54-billion settlement between millions of card-accepting merchants, on one hand, and Visa Inc. and Mastercard Inc., on the other, over interchange costs recently took several steps that ultimately could get payments out to merchants. But checks still won’t be in the mail for some time. …

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How Amazon Looks to Boost Order Size And Conversions Using Buy With Prime Cart

Amazon.com late Thursday unveiled Buy with Prime cart, a new feature of the e-commerce giant’s Buy With Prime benefit intended to increase order sizes. Buy With Prime users can now place multiple items in their shopping cart, whereas they were previously limited to a single item per order, Amazon says. …

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Digital Transactions