Tuesday , July 17, 2018

Near-Field Communication (NFC)

The Four Big ‘Pays’ Dominate Mobile Payments, But for How Long?

In four years, the Starbucks mobile-payment service, Apple Pay, Google Pay, and Samsung Pay, will continue to garner large shares of users, but not as much as they do today. That’s the forecast from research firm eMarketer Inc., released Tuesday. Of the four major mobile-payments services, Starbucks Corp.’s app will …

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How Apple’s Goldman Gambit Could Help Lock in Banks Supporting Apple Pay

Apple Inc.’s move to create a new Apple Pay credit card with Goldman Sachs Group Inc. may or may not help boost usage of the mobile-payments service, but one thing it is likely to do is cement Apple’s ties with the thousands of banks that support the service, observers say. …

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Wells Fargo’s Mobile App Moves Payments to Center Stage, Even Before the Log-in

Ever since banks, merchants, and tech companies first introduced mobile services, they’ve looked for ways to entice more usage by streamlining the way consumers interact with little screens. Now Wells Fargo & Co. has decided to put frequently used payments services on the home screen of its mobile app, before …

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USA Technologies Nearly Doubles Its Connection Counts While Leveraging Its Cantaloupe Deal

Unattended payments continue to bear fruit for USA Technologies Inc. as the company said its connections increased 92.3% in its fiscal third quarter from a year ago. Malvern, Pa.-based USAT said its connections totaled 969,000 in the quarter ended March 31, up from 504,000. Its total number of customers, at …

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The Same Old Problems Plague the ‘Pays’ As Adoption Levels Show ‘Signs of Slippage’

Ever since Apple Pay emerged in 2014, experts have scratched their heads over the general failure of contactless mobile wallets to catch on faster with U.S. consumers. Now comes research indicating how wallet sponsors might turn things around by focusing on what consumers are most looking for in wallet services …

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Word-of-Mouth Recommendations Are Failing Mobile-Payments Services

Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …

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Contactless Payments Continue To Gain Share on London’s Transit System

Contactless point-of-sale debit and credit card transactions are barely a blip on the U.S. payments screen, but on London’s vast public-transportation system, payments from contactless cards or smart phones now account for half of all pay-as-you-go fares on subways and rail lines, system operator Transport for London reported Tuesday. Contactless …

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Developers Work To Combine NFC With Blockchain for POS Transactions

So far, neither near-field communication nor blockchain has been a blockbuster technology for payments in the U.S. market, but now developers are working on combining the two in a way they hope will give cryptocurrencies a big boost at the point of sale. The idea is to create a standard …

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Equinox Adds JCB Contactless Support and other Digital Transactions News briefs from 4/16/18

E-commerce platform 3dcart said its integration with payments provider PayJunction now includes automated clearing house transaction processing, remote signature capture, and tokenized cards on file services. In a bid to help merchants serve Japanese tourists, point-of-sale vendor Equinox Payments has added contactless support for JCB cards to its Apollo, L5000, …

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Uber To Add Transit Ticketing on Its Mobile App Through Mastercard-Supported Masabi

Uber and mass-transit software developer Masabi Ltd. have struck an agreement that will allow transit tickets and passes to be displayed on Uber’s mobile app. Masabi’s apps and software systems for transit are used in 30-plus metropolitan areas, including on the Metro-North and Long Island Rail Road commuter-rail systems in …

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