Tuesday , January 16, 2018

Mobile Wallets

As MCX Plans Pilot for Late August, Observers Ponder Fate of Its CurrentC Wallet

By John Stewart After a three-year gestation period, the Merchant Customer Exchange’s CurrentC mobile-payment service is planning to launch a pilot in Columbus, Ohio, during the last week of August, a source with knowledge of the matter tells Digital Transactions News. The pilot will involve locations belonging to a handful …

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More iPhone 6 Users Are Making More Apple Pay Transactions, Report Says

Nine months after its launch, Apple Pay appears to be steadily establishing itself as an everyday service for consumers wielding iPhone 6 and 6 Plus smart phones. These users are increasing the frequency of their Apple Pay transactions as more consumers adopt the Apple Inc. device. That’s the summary of …

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COMMENTARY: Three Reasons Why Digital Wallets Are the Future of Payments

By Nicole Chan When Apple Pay first entered the digital-wallet scene, consumer interest in the technology increased. Now the question is, will digital-wallet payments become universal? The short answer is yes. The three reasons below expand on why. Reason #1: The technology exists. Rarely has the developed world made a …

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Visa Posts 25% Profit Increase as U.S. Credit and Debit Volumes Climb

A tepid world economy didn’t stop Visa Inc. from posting an 8% increase in global transaction volume and a 25% jump in net income for the quarter ended June 30. The leading payment card network on Thursday reported operating revenues of $3.52 billion for the third quarter of fiscal 2015, …

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Apple Pay To Hit 1.5 Million U.S. Acceptance Locations by Year’s End, Apple’s CEO Says

Apple Inc.’s Apple Pay mobile-payments service will soon more than double the 700,000 acceptance locations it had this spring, according to figures the Cupertino, Calif.-based computer and smart-phone maker released Tuesday. “We’re on track for Apple Pay acceptance at over 1.5 million U.S. locations by the end of 2015,” Apple chief …

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Schulman Sets Goal to Boost Usage As PayPal Swallows Xoom, Expands One Touch Checkout

On the eve of his company’s separation from long-time parent eBay Inc., PayPal Inc.’s new chief executive on Thursday let it be known he intends to dramatically boost usage among PayPal’s 169 million active accounts by stressing single-touch checkouts and new capabilities like Xoom, the online-remittance service it is buying …

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Eye on Prepaid: Users Want Universal Wallets, Plastic Gift Cards; InComm Adds Brands

While doubts persist about how appealing mobile wallets really are for consumers, a majority—54%—would use a mobile wallet if it were accepted at all merchants. That’s one finding from a Blackhawk Engagement Solutions Inc. survey, released Tuesday, on shopper behavior. Blackhawk Engagement Solutions is a unit of Pleasanton, Calif.-based Blackhawk …

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With Wallets in View, PayPal Bets on an All-in-One EMV, NFC, Mag-Stripe Reader

PayPal Inc.’s plans to include three payment technologies—magnetic stripe, contactless, and EMV—in its upcoming mobile point-of-sale device could help the payments company capitalize on growing interest in mobile wallets. Many companies are betting on mobile wallets. But part of the ante is ensuring consumers can use their stored credit and …

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AmEx Joins Battle at Online Checkout With An ‘UnWallet’ Built for Its Cards

By John Stewart With Visa Inc. and MasterCard Inc. making headway with online merchants with their streamlined checkout services, it was only a matter of time before network rivals introduced their own versions. American Express Co. did just that Thursday, announcing what it is calling an “unwallet” to allow its …

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Europeans Ahead of Americans With Contactless Payments, Visa Europe Data Indicate

New data from Visa Europe indicate that while contactless payments are still a small portion of European card-based payments, they’re growing fast and likely far exceed the current level of U.S. contactless payments. London-based Visa Europe, a bank-owned licensee of Visa Inc., on Monday said there are 2.6 million contactless …

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