Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
Read More »Mitek Snaps up Customers As Demand for Mobile Imaging Grows
Mobile-deposit and imaging software provider Mitek Systems Inc. said it doubled to 161 the number of financial-institution customers of its flagship Mobile Deposit product in its fourth fiscal 2011 quarter from 80 in the third quarter. The nation’s top five banks and seven of the top 10 now use or …
Read More »With an Android App Upgrade, PayPal Launches Its First NFC Product, A P2P Widget
In the wake of strong growth in its mobile-payments business, PayPal Inc. on Tuesday made available an upgraded Android app that includes a widget for person-to-person payments using near-field communication (NFC) technology. The launch represents the San Jose, Calif.-based e-commerce processor’s first live product based on NFC, a short-range …
Read More »Square’s Latest Enhancement for Card Case Aligns with Hands-Free Trend
Square Inc. on Wednesday introduced an enhancement to its Card Case wallet application that detects when a user is near a participating store and automatically links the user’s phone to the store’s Square account. By relying on this method, which the San Francisco startup calls automatically opening a tab, the …
Read More »Aiming to Smooth In-Store Mobile Transactions, VeriFone Buys Global Bay
Extending itself further into mobile retailing and software, VeriFone Systems Inc. on Tuesday announced it has acquired 9-year-old Global Bay Media Technologies, a South Plainfield, N.J., vendor of in-store mobile solutions. Terms of the deal, which had already closed by the time of the announcement, were not disclosed. The acquisition …
Read More »Acquirers Fret That PayPal/Square Model Masks Risk, Poses Competitive Threat
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Read More »Apriva Poised to Offer a Mobile Wallet Aimed at Guarding Acquirers from ‘Outsiders’
The mobile-wallet race, which has attracted a slew of entrants in recent months, is about to get more crowded on fears that established merchant acquirers could be elbowed out of the nascent mobile-payments business. Apriva Inc., a Scottsdale, Ariz.-based provider of wireless technology for payments, will launch in November …
Read More »New Jersey Transit Hops on the Google Wallet Train
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Read More »PayPal Forecasts $3.5 Billion in ’11 Mobile Traffic While NFC Simmers
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