Mobile Commerce

MasterCard Inc. on Thursday rolled out a revamped Masterpass digital wallet it clearly hopes will out-compete offerings from technology titans like Alphabet Inc., Apple Inc., and Samsung Electronics Co. Ltd., all of which have come into the market since Masterpass’s capability the original wallet had at its launch, though it …

Fourth-quarter transaction decline rates for credit and debit cards used for subscription payments increased to 15.9% from a first-quarter 2015 low of 14.4%, based on the value of the transaction, according to a report from Recurly Inc., a recurring-payments specialist. The “Recurly Subscription Snapshot,” which analyzed 25 million recurring payments …

A central Illinois grocery-store chain will expand online and add mobile payments beginning this fall. The service enables consumers to use credit and debit cards along with electronic benefits transfer cards to pay for orders, says Ithaca, N.Y.-based Rosie Applications Inc., the vendor providing the technology. The move by Quincy, …

Wal-Mart Stores Inc. on Wednesday announced its Walmart Pay mobile wallet is now available in all of its 4,612 U.S. stores in all 50 states. The rollout’s completion comes about seven months after the Bentonville, Ark.-based retailing behemoth introduced the product and about 10 weeks after first making the app …

• Banking and financial-services provider BNY Mellon announced its Treasury Services unit has introduced Tokenized Payments, a service that allows its clients to send real-time or next-day payments to consumers. The service relies on Early Warning Services LLC’s clearXchange network and allows payments using the recipient’s email address or mobile …

• Payments veteran Michael J. Schwartz was appointed interim chief executive of mobile-payments and -marketing firm Spindle Inc. upon founding chief executive Bill Clark’s resignation. Schwartz comes to the company from Fiserv Inc. Clark had been CEO since 2011. • Processor Total System Services Inc. (TSYS) purchased the 45% stake …

Just as consumers have become accustomed to using their credit and debit cards across multiple shopping channels, so too are many expecting the digitized, and mobilized, versions of these cards to mimic that experience. That finding, from 451 Research LLC’s “Mobile Pay and Commerce Advisory Report,” suggests that early adopters …

With more and more consumers getting accustomed to shopping online and on mobile devices, merchants are losing more and more sales to checkout abandonment. “Conversion rates aren’t where we’d like to see them,” said Joe Walent, a senior analyst at Mercator Advisory Group, a payments consultancy. Walent, who spoke Tuesday …

Members of Amazon.com Inc.’s Prime membership service are enthusiastic users of the e-retail giant’s payments service, which it makes available to other merchants. In fact, some 50% of Amazon Pay’s users belong to Prime, according to Amazon Pay vice president Patrick Gauthier, who spoke with Digital Transactions News Tuesday at …

• Visa Inc. announced its Visa Checkout digital wallet now has more than 12 million consumer accounts and is offered by more than 675 financial institutions in 16 countries. “Hundreds of thousands” of merchants now use the platform, Visa said, making Checkout one of the fastest-growing consumer products in the …