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With Apple Inc.’s Apple Pay mobile-payments platform launching Monday, many in the payments business are focused on the contactless technology’s potential to change in-store payments behavior. But Apple Pay works within apps, as well, opening up an even wider variety of markets for Apple, including sit-down restaurants. Harbortouch, an Allentown, …
Read More »Apple Pay Works, But It Can’t Speed up Lines of Non-Users
The big news about my test today of Apple Pay, the contactless payment scheme for use with Apple Inc. smart phones and tablets, is that there was no big news. It worked. Each transaction on the first day of availability went through quickly, with a notification popping up on …
Read More »U.S. Mobile Payments Forecasted to Reach $3.5 Billion in 2014
Making a mobile payment is not commonplace yet, but the trend is heading that way, at least if a forecast from research firm eMarketer Inc. holds true. Mobile payments in the United States in 2014 are predicted to reach $3.5 billion, more than double the 2013 figure of $1.59 …
Read More »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 …
Read More »Heartland CEO Predicts Apple Pay Will Force MCX To Abandon Mobile-Wallet Exclusivity
Never one to mince words, Bob Carr, chief executive of the big merchant acquirer Heartland Payment Systems Inc., predicts that demand for Apple Inc.’s new Apple Pay mobile-payment service will force the retailer-controlled Merchant Customer Exchange (MCX) to abandon a policy of requiring its members to accept only MCX’s CurrentC …
Read More »Clover Adding Apple Pay Contactless And In-App Capabilities to Its POS System
Clover Network Inc., maker of the Clover tablet-based point-of-sale system, will be ready to accept Apple Pay contactless payment and in-app transactions when the scheme is released some time this month. That’s the word from Leonard Speiser, Clover co-founder and president. The Clover POS system will be able to …
Read More »Boku Emboldens Mobile Carrier Billing Position With mopay Acquisition
San Francisco-based Boku Inc. has bought mopay Inc., bolstering its position among carrier billers, Boku announced Tuesday. Germany-based mopay, with a U.S. office in Palo Alto, Calif., says it processes more than 5 million monthly transactions and works with more than 400 mobile operators. Boku has built connections to …
Read More »COMMENTARY: Make No Mistake, Apple Pay Is the Great Enabler of Mobile Payments
By Nate Stewart. Zing Apple Inc. has finally entered the mobile-payments game, and yes, it’s a big deal. The reaction, though, has been veering toward the negative aspects of Apple’s move and how it could hurt different industry players. The reality is quite the opposite. Apple has just become the …
Read More »Research Finds That As Payments Get More Complex, So Do Security, Regulatory Issues
Wal-Mart Stores Inc.’s announcement this week that it will be offering checking accounts to consumers through Green Dot Corp.’s GoBank mobile-banking services reopened old fissures between banks and non-banking companies over offering financial services to consumers, fissures that radiate out to the topic of payments security. At the Federal Reserve …
Read More »Two Payments Companies Target Improving E-commerce and M-commerce Conversion Rates
Frustration with typing in a 16-digit payment card number on a smart-phone screen leads to a lot of lost sales for e-commerce merchants. It’s a problem that two payments companies, offering different products, say they can help with. Making its U.S. debut first is PayItSimple USA Inc., an installment-payment service. …
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