Thursday , March 28, 2024

Mobile Commerce

ParkMobile’s 18 Million Users and other Digital Transactions News briefs from 2/19/20

ParkMobile LLC, a provider of mobile parking payments, said it has reached 18 million users after a 110% two-year growth rate. It also said it has appointed John Brown chief operations officer. Brown previously held executive positions at Clutch Technologies, Cardlytics, and Fiserv Inc.Payment card provider CPI Card Group Inc. announced its …

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Perk Hero Debuts as Glance Technologies Changes Its Name Amid a Quest for Younger Consumers

The payment habits of Generation Z and Millennial consumers are providing some of the motivation for Glance Technologies Inc. to change its name and mission. Millennials were born between 1981 and 1996, and those born in 1997 and later are Gen Z members. Announced Tuesday, the new corporate name is …

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A German Company Unveils a Checkout Buster That Relies on Breakthroughs in RFID Scanning

As merchants and their technology partners continue to develop technology to ditch the familiar checkout, a German entrant on Monday demonstrated a system that would use radio-frequency identification to charge customers as they walk out with their goods. The system, dubbed “payfree,” involves an app that consumers would install in …

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How You Walk Could Some Day Soon Let You Pay to Ride

Two big trends in payments, mass-transit ticketing and advanced authentication technology, could come together soon as Mastercard Inc. develops a system that could identify users simply by the way they walk. Working on the idea that each person has a unique gait, Mastercard and its NuData Security unit are talking …

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PayPal Funds Firearms Payments Research and other Digital Transactions News briefs from 2/12/20

PayPal Holdings Inc. said it and the Center on Crime and Community Resilience at Northeastern University, along with the University of Chicago Crime Lab, formed a research project to examine payment methods used to finance illegally-sourced firearms with the goal of combatting the illegal sale of guns.Processor Fiserv Inc. announced its “Scan to …

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Mastercard Forms a Joint Venture To Clear Domestic Chinese Card Transactions

Mastercard Inc. is the latest U.S. payments company to take initial steps to operate in China with Tuesday’s announcement it will form a joint venture with NetsUnion Clearing Corp. to establish a domestic bank card clearing entity. The entity formed from the joint venture—Mastercard NUCC Information Technology (Beijing) Co. Ltd.—received …

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Eye on Fintechs: Sezzle Sizzles With 1 Million Users and Curve Opens a U.S. Office

Buy-now-pay-later specialist Sezzle Inc. said it surpassed 1 million consumers using its online payment service. Launched in 2016, Sezzle said it had reached 500,000 customers only in August 2019. At the end of the fourth quarter, the company, with corporate headquarters in Australia, said more than 10,000 merchants offer its …

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Washington’s ‘Vitriolic’ Mood Isn’t Slowing the March of Major Regulation Affecting Payments

There’s plenty of proposed legislation affecting the payments business just now, and casting a long shadow over all of it is the present atmosphere of partisanship. “The mood in Washington is vitriolic, childish. It’s all-out war,” said Scott Talbott, senior vice president of government relations for the Electronic Transactions Association, …

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Bitcoin Depot Expands ATM Fleet and other Digital Transactions News briefs from 2/6/20

Bitcoin ATM deployer Bitcoin Depot said its network now includes more than 500 machines worldwide, with more than 100 in the Atlanta area. The company projects it will have more than 1,000 Bitcoin ATMS by the end of 2020.Lael Brainard, a Federal Reserve Board governor, said in a Wednesday speech that the Fed, …

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Eye on Cross-Border Payments: WorldRemit’s Alipay Deal, and Visa Sells an Earthport Unit

Cross-border payments specialist WorldRemit Corp. says a partnership with Alipay, a major Chinese mobile-payment service, will enable consumers to make international remittances to the Alipay mobile app. Announced Wednesday, the service harbors significant potential. Approximately 35 million Chinese citizens live abroad, and they sent home an estimated $67 billion in 2018, …

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Digital Transactions