Wednesday , September 19, 2018

Near-Field Communication (NFC)

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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ParTech Debuts PAR Pay and other Digital Transactions News briefs from 4/11/18

LevelUp announced 25 more restaurant companies as clients of its mobile-ordering and -payment app. These include national brands Smoothie King and Zaxby’s. ParTech Inc., a vendor of point-of-sale software to the restaurant and retail industries, launched PAR Pay, an EMV-capable processing solution for credit, debit, and stored-value cards. ParTech is …

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A $3.4 Billion Deal Aims To Take VeriFone Private Again

VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

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Apps Will Be a Major Force in Payments For Years to Come, a Report Argues

Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …

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PayPal Leads Juniper Mobile Wallet Rankings

Mobile-wallet usage is expected to increase in 2019 as almost 2.1 billion consumers worldwide choose the payment option, predicts Juniper Research Ltd. In its “Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts 2018-2022” report released Wednesday, United Kingdom-based Juniper notes that next year’s forecasted number of mobile-wallet users is …

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