Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments startup Dwolla Corp. eliminated its transaction fee last week on all payments under $10, a bold move in itself, but it apparently has much bigger things in store. For one thing, the Des Moines, Iowa-based company is testing a system that co-founder Ben Milne says will make automated …
Read More »Less Than a Month Old, ShopSavvy’s New Wallet Boasts 10,000-Plus Users
A mobile comparison-shopping app that launched a digital wallet late last month says it has signed up more than 10,000 wallet users and is adding new ones at the rate of 2,500 a week in a nascent business that has attracted major players like Google Inc. and Visa Inc. …
Read More »A Spat over NFC Keeps Google Wallet out of Verizon’s New Smart Phone
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Read More »Security Worries Arise As Mobile Payments Begin Their Ascent
The promise of mobile devices to generate new payment transactions and better service for bank customers comes with a big potential downside. Risk-control executives strongly believe fraudsters have their eyes on smart phones and related mobile devices, according to new research from Aite Group LLC. Asked if “mobile fraud is …
Read More »Aiming to Jump-Start NFC with Banks, MasterCard Pours Money into mFoundry
In a move that could bring mobile payments based on near-field communication (NFC) to a wide array of financial institutions, MasterCard Inc. on Thursday announced it will provide its PayPass contactless-payment technology to mFoundry Inc., a Larkspur, Calif.-based vendor of mobile-banking software. MasterCard also invested an undisclosed sum in mFoundry, …
Read More »Having Started with Big Chains, Mobile Point of Sale Begins to Filter Down to Smaller Retailers
With the increasing popularity of smart phones and other mobile gadgets, major brick-and-mortar retail chains like Home Depot and Nordstrom began adopting mobile point-of-sale systems this year. And now smaller chains have begun equipping floor personnel with mobile devices that can scan merchandise and help customers look up out-of-stock …
Read More »Acquirers Can Expect a Very Merry Christmas If Trends Hold
If the best present for a merchant acquirer is more transactions to process, 2011’s Christmas has already arrived. Various reports from acquirers, payment processors, and research firms indicate that electronic transaction volumes are up sharply over 2010’s levels despite the gloom that still colors most economic news. Dallas-based Chase Paymentech, …
Read More »Google Folds Its Checkout Service into Google Wallet
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Read More »Visa’s Digital Wallet Coming in Early ’12, But Contactless Will Follow Later
Visa Inc. will launch its digital wallet product some time early in 2012, but contactless-payment capability won’t be part of the wallet until the second half of the year, a Visa executive responsible for the product tells Digital Transactions News. The first release of the wallet, which Visa is …
Read More »Xoom Launches a Mobile Site to Further Streamline Online Remittances
n While the mobile service just launched, early results have been “overwhelmingly positive,” says Julian King, Xoom’s senior vice president of marketing and corporate development. “Out customer base is delighted, but it’s super early.” The new service relies on technology from mobile-commerce vendor Usablenet Inc., New York. n The …
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