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Apple Inc.’s Apple Pay mobile-payment system has taken some hits over rumors of rampant fraud. According to some reports, Apple Pay fraud is 60% higher than mag-stripe credit card fraud. And now, with the announcement two weeks ago of the Apple Watch and its support of Apple Pay, there is …
Read More »ShopKeep Buys Long-Time ISO Partner Payment Revolution To Offer Integrated Payments
ShopKeep.com Inc., a provider of tablet-based point-of-sale technology, on Wednesday announced the formation of a new payments division built around its long-time independent sales organization partner, Payment Revolution LLC, which ShopKeep has acquired for an undisclosed price. Payment Revolution co-founder and chief executive Etie Hertz is now senior vice president …
Read More »75% of Apple Pay Users Make Repeat Apple Pay Purchases At Same Locations
Retailers like nothing more than for a new customer to become a familiar customer, and that seems to be happening with a portion of Apple Pay users, finds a report from Auriemma Consulting Group. New York-based Auriemma says data from its Apple Pay tracker survey, which canvasses Apple Pay use …
Read More »Apple Data Indicate U.S. Contactless Payment Locations Have Nearly Tripled
Apple Inc. chief executive Tim Cook said Monday that nearly 700,000 U.S. merchant locations now accept the Apple Pay mobile-payment service, compared with the 220,000 locations reported to have accepted the service when it launched last October. Since Apple Pay relies on near-field communication (NFC) contactless technology to enable Apple’s iPhone …
Read More »Shopify Makes App Free and Expands POS Service to iPhones
Online-commerce company Shopify Inc. has made its Shopify POS app free for its merchants and introduced an iPhone version of the payments service, the company recently announced. The app, which launched in 2013, includes a card reader. The new app replaces the Accept Payment option in Shopify Mobile, the Ottawa, Ontario-based company’s …
Read More »Synchrony Financial, U.S. Bank Become Early Samsung Pay Backers
Consumers holding credit cards issued by private-label card issuer Synchrony Financial and credit and debit cards issued by U.S. Bank will be able to use their cards with Samsung Pay, a mobile-payment service available this summer. Samsung Electronics Co. announced Samsung Pay Sunday. It can use either near-field communication …
Read More »Paydiant Could Provide PayPal With the Elusive Key to the Point of Sale
When it comes to general-purpose mobile payments, PayPal Inc. is far and away the leader, having posted $46 billion in mobile charge volume last year. But recently, the mobile-payments spotlight has been trained on Apple Inc. with its new Apple Pay service, Google Inc. and the suddenly brightening prospects for …
Read More »After Investment and Licensing Trials, Visa To Buy TrialPay Outright
Visa Inc. on Friday reported that it had signed a definitive agreement to buy privately-held TrialPay Inc., provider of an offers platform that connects merchants with consumers through targeted promotions. Visa will integrate TrialPay into its portfolio of services for merchants beyond pure payment processing. Financial terms of the pending …
Read More »First, There Was Card on File. Now Boku Brings ‘Phone on File’ to Online Payments
For years, merchants like Amazon.com Inc. and Apple Inc. have streamlined online payments by letting consumers charge stored credit cards with a single click, using a technique called card on file. Now, a similar concept is coming to carrier billing, the payment method used by merchants to charge online purchases …
Read More »Using Apple And Samsung Biometric ID, Sekur Me Bids To Hike Mobile Conversion
A new service that integrates Apple Inc.’s Touch ID and Samsung’s fingerprint-recognition technology into a single mobile-payments app says it can help boost conversion, and ease shopping-cart abandonment, for mobile-commerce retailers. Santa Ana, Calif.-based Sekur Me Inc. uses the biometric sensors in Apple and Samsung smart phones to authenticate the …
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