Thursday , March 28, 2024

Search Results for: apple pay

Eye on Earnings: MasterCard’s Volumes Grow; Mercury Boosts Vantiv’s Merchant Segment

Financial analysts gave MasterCard Inc. and Visa Inc. credit for leading a New York Stock Exchange rally Thursday as higher consumer spending on payment cards boosted the networks’ revenues. And processor Vantiv Inc. reported a 42% increase in merchant-processing revenues in the wake of its June acquisition of Mercury Payment …

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With Its McDonald’s Deal, Softcard Gains More Access to Everyday Spend for its NFC Wallet

  While Apple Inc.’s Apple Pay mobile wallet has been grabbing the headlines, the telco-controlled Softcard mobile-payments service this week lined up another major fast-food chain. Consumers now can use their Softcard mobile wallets to pay for purchases at U.S. McDonald’s locations. Formerly known as Isis, Softcard is a smart …

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Theft of Users’ Email Addresses Overshadows MCX’s Attempt To Blunt ‘Misinformed’ Comment

By Jim Daly and Kevin Woodward Just hours after Merchant Customer Exchange LLC (MCX), the retailer-backed developer of the CurrentC mobile-payments service, posted a response to reports about some of its members dumping Apple Inc.’s rival Apple Pay service, the company notified customers that “unauthorized third parties” had obtained email …

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MCX Implies Its Ready To Accept General-Purpose Cards, but Questions Remain

By Jim Daly Attempting to do damage control in the wake of an email hack and unfavorable publicity about retailers who want to accept other mobile wallets, the chief executive of the retailer-sponsored Merchant Customer Exchange LLC (MCX) mobile-payments service said Wednesday that MCX is working with general-purpose credit card …

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Visa’s Scharf Stresses the Network’s Digital Future, Promises ‘We Will Win’

Stressing new services such as tokenization, online checkout, and mobile payments, Visa Inc. chief executive Charles W. Scharf on Wednesday left no doubt where the sprawling card network’s future lies. “The things we are doing are all about having the best products in the market to capture where the growth …

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First Data Chief Bisignano Hails New Spirit of Innovation, Asks To Be ‘Graded’

A humble Frank Bisignano told top non-bank acquirer executives Thursday that his company, processing giant First Data Corp., wasn’t “always good” at listening to its clients and asked the audience to hold him “personally accountable” for the company’s performance in the coming year. Bisignano, a former JPMorgan Chase & Co. …

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Discover Exec Warns Top ISO Execs They Face Loss of Relevance in Wake of Apps

The arrival of technology companies and other new players in the payments business has left merchant processors scratching their heads over how to work with these emerging brands. Companies like Apple Inc., which has the potential to change both consumer and merchant behavior, have sent independent sales organizations scrambling to …

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The Gimlet Eye: NFC’s Day in the Sun

Well, it finally happened. Apple Inc. has included a near-field communication chip in new iPhone 6 and charged full-bore into the troubled world of mobile wallets (see our cover story to read all about it). To understand the significance of this event, you have to reflect on the history of …

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Chip Cards Mean Cash for VeriFone

For years, leading U.S.-based terminal maker VeriFone Systems Inc. has been anticipating the move away from magnetic-stripe cards to the Europay-MasterCard-Visa (EMV) chip card standard. The conversion is guaranteed to induce a buying spree for point-of-sale hardware as well as the software that runs it. That’s the happy circumstance VeriFone …

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MCX’s InComm Deal Might Give Currency To the Idea That Its Network Is Building Momentum

Prepaid card services provider InComm Holdings Inc. announced today that it has struck a “strategic partnership” with Merchant Customer Exchange (MCX), parent firm of the fledgling mobile-payments network owned by merchants and recently branded as CurrentC. But exactly what the partnership will do for the long-aborning MCX is not clear. …

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