Saturday , April 20, 2024

Mobile Commerce

No Easy Answers as E-Retailers Contend With Compounding Payments Developments

Rattle off a selection of payment trends—EMV, tokenization, fraud—and many e-retailers may be beset by apprehension. That’s especially true if the retailer looks to support emerging payment types, according to Matt Herren, director of payments analytics at Computer Services Inc., a Paducah, Ky.-based financial-technology provider. Herren, speaking at the Merchant …

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First Data Agrees to Acquire Acculynk, a Pioneer in PIN Debit for Web-Based Transactions

The idea of allowing consumers to use PIN debit cards to pay online merchants has been a tough sell in the payments business, but observers hope a deal announced Thursday may give it a much-needed boost. Processing kingpin First Data Corp. said it will acquire Acculynk Inc., a 9-year-old Atlanta-based …

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Chatbots Are ‘Disappointing,’ Says ShopChat, So It’s Rolling Out a Shopping Keyboard

Chatbots have been carrying out commerce on messenger apps only since last spring, yet already some observers are less than thrilled with the experience, says Zephrin Lasker, chief executive and cofounder of a startup called ShopChat. “Many companies are pursuing robot assistant chatbots to interact with people on messaging. These …

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With P2P Rivalry Heating up, Google Brings Gmail Payments to Its Android Platform

Alphabet Inc.’s Google Inc. unit converted its Android-based Google Wallet into a peer-to-peer payment service two years ago, and on Tuesday Google extended that service to Gmail, its popular email application. With the new feature, Gmail users can send and request money on Android phones, much as they have been …

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In the Wake of Euronet’s Bid, Ant “Remains Highly Committed” to Its MoneyGram Buyout

Ant Financial Services Group issued its first comments late Tuesday on Euronet Worldwide Inc.’s surprise $1 billion bid earlier in the day for MoneyGram International Inc., the wire-transfer provider for which Ant Financial bid $880 million in January. “Ant Financial remains highly committed to the consummation of our merger with …

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StubHub Users Soon Can Pay With Visa Checkout and other Digital Transactions News briefs

• Point-of-sale system maker E la Carte Inc. launched the PrestoPrime EMV Terminal designed for pay-at-the-table use. In addition to chip-card acceptance, the device also works with contactless payments, such as Apple Pay, Samsung Pay, Android Pay, and Quick Response code-based services. • Visa Inc. said StubHub users soon will be able …

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Chase’s Technology Deal With MCX Is Likely to Boost Chase Pay As CurrentC Declines

The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …

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ACI Worldwide Plugs Jack Henry Into New Faster-Payments Systems

If creating faster-payment systems is like putting pieces of a puzzle together, another piece was added Wednesday when payment technology provider ACI Worldwide Inc. announced that processor Jack Henry & Associates Inc. will use ACI’s UP Immediate Payments service to connect its community-bank and credit-union clients to the new real-time …

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With McDonald’s Saying ‘I’m Lovin’ It’ to Order Ahead, Mobile Payments Could Get a Boost

Mobile order-ahead-and-pay functionality has been adopted lately by restaurants ranging from Starbucks Corp. to Chick-fil-A. But with the announcement on Wednesday by McDonald’s Corp. that it will offer the service on its mobile app, the world’s largest hamburger chain could finally push mobile payments into the consumer mainstream. At an …

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Spoofed IDs Help Darken the Security Picture

Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the money they hold. The …

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Digital Transactions