Thursday , April 19, 2018

Mobile Wallets

PayPal Boosts Its POS Prospects And Escapes Wallet Fee With New MasterCard Pact

By Jim Daly@DTPaymentNews Having made peace with Visa Inc. in July, PayPal Holdings Inc. announced a similar agreement Tuesday with MasterCard Inc. that further extends the online payments leader’s reach at the point of sale. But PayPal’s new accord has some differences from the one it reached with Visa, most …

Read More »

Mobile Payments Make Big Overall Gains, but In-Store Purchases Lag

By Jim Daly@DTPaymentNews Nearly three-quarters of mobile-phone owners have made some sort of payment with their devices, but in-app, bill, and person-to-person payments all exceed in-store payments, according to new findings from First Annapolis Consulting Inc. The Annapolis, Md.-based consulting and research firm says 74% of mobile-phone-using consumers reported in …

Read More »

Could Quick Chip Tech Mean More Mobile-Wallet Usage?

When Visa Inc. and MasterCard Inc. demonstrated their streamlined EMV technology at some West Coast groceries last month, the payments industry focused on the potential for speedier checkouts and happier cardholders. But another implication of Visa’s Quick Chip and MasterCard’s M/Chip Fast technology is that it could boost the number …

Read More »

CVS’s Rx for Mobile Wallets: Loyalty And Privacy

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 in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …

Read More »

Reduced ‘Friction’ Expected to Propel Online, In-App Sales on Apple Pay, Android Pay

By Kevin Woodward@DTPaymentNews Consumers will use Apple Pay and Alphabet Inc.’s Android Pay online and in-app to make $8 billion in payments for digital and physical goods by 2018, almost 15 times more than the $540 million forecast for 2016, according to Juniper Research, a U.K.-based research firm. Juniper released …

Read More »

Android Exec: Beyond Infrastructure, Mobile Wallets Must Provide Value To Succeed

By Jim Daly@DTPaymentNews Mobile wallets eventually will get the contactless terminals and other infrastructure they need to attract consumers, according to an executive with Alphabet Inc.’s Android Pay. Their ultimate success, however, will depend on the value they offer merchants and consumers. “It’s still all about value creation,” Jack Connors, …

Read More »

Noting 100 Million Samsung Pay Transactions and other Digital Transactions News briefs

• The clearXchange peer-to-peer payments network will be renamed Zelle, according to a report in The Wall Street Journal. The service is operated by Early Warning Services LLC, which is owned by some of the nation’s biggest banks. • Samsung Electronics Co. Ltd. marked the first anniversary of its Samsung …

Read More »

Uncle Oogies Getting Pay-at-the-table and other Digital Transactions News briefs

• Paytronix Systems Inc., a provider of loyalty solutions to restaurants and retailers, announced it has added a mobile pay-at-table capability for eateries that includes the ability to redeem rewards. • In related news, terminal maker Ingenico Group teamed with middleware vendor Datacap Systems to install a pay-at-table system based …

Read More »

Coveted Top-of-Wallet Status Goes to Issuers That Match Cards to Users’ Shopping Habits

By Kevin Woodward@DTPaymentNews In the quest to position their credit cards as the preferred payment method in mobile wallets, issuers may want to target consumers in the right demographic group who have preferences that match what the card offers, if the newly released “J.D. Power 2016 U.S. Credit Card Satisfaction Study” is …

Read More »

Repeat Users Bulk Up Walmart Pay and other Digital Transactions News briefs

• Fast-food restaurant chain Chick-fil-A Inc. says it will begin accepting Apple Pay and Android Pay Friday at the point of sale inside its stores and in drive-through lanes. Chick-fil-A announced in February it would accept Apple Pay along with its own Quick Response bar code-based mobile-payment service. • Wal-Mart …

Read More »