Thursday , October 22, 2020

Mobile Wallets

Eye on Acceptance: Visa Rolls Out Tap to Phone; Chase Launches QuickAccept

Visa Inc. on Wednesday announced the rollout in 15 geographic markets of Visa Tap to Phone, which allows consumers to initiate a transaction simply by tapping a contactless card to a merchant’s NFC-enabled mobile device.  Tap to Phone is now live in numerous countries throughout Europe, Middle East, Africa, Asia …

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PayPal Dips into Crypto and other Digital Transactions News briefs from 10/21/20

PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …

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Graylin’s and Wallner’s New Venture and other Digital Transactions News briefs from 10/20/20

Payments industry veterans Will Graylin and George Wallner launched a fundraising campaign on Indiegogo for OV Valet, their new company that wants to offer Superkey, a fob that uses near-field communication and magnetic secure transmission technology, to enable tap-and-pay payments.Payments-technology provider VoPay International Inc. said it is working with Visa Inc. to integrate the …

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Ziosk Responds to Covid’s Impact on Restaurants With More Point-of-Sale Technology Products

Though the restaurant industry has taken a hit during most of 2020 because of Covid-19 countermeasures, that doesn’t mean it doesn’t need new technology and services. That’s why Ziosk Inc., a Dallas-based point-of-sale technology provider, accelerated its development schedule this year and released a suite of new products. Now, in …

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COMMENTARY: Super Apps Are Coming. Don’t Get Left Behind

China has historically pioneered the evolution of money. From the ancient use of cowry shells as commodity money, the standardization of bronze coins around 1000 B.C., leather-made promissory notes during the Han dynasty, or the introduction of paper currency around the seventh century, China has shown the way. It should then come …

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E-Commerce Will Flourish This Holiday Season, But Watch Out for Fraud, ACI Warns

The economy may have fallen into recession, but processors and online stores can expect a healthy holiday season this year, according to projections released Thursday by ACI Worldwide Inc. The Naples, Fla.-based payments provider said e-commerce transactions will jump 27% globally in the fourth quarter compared to the same period …

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Covid-19’s Long Shadow Is Prompting a Rise in Gift Card Sales, Including Digital Cards

With a looming holiday shopping season inflected by uncertainties surrounding the effects of the Covid-19 pandemic, payments firms are trying to work out how consumers may change spending habits this year. A study released Thursday indicates processors expect a healthy jump in e-commerce volume, including a surge for gift cards. …

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In a Crowded Field, Afterpay Brings Its Buy Now, Pay Later Service to the Cash Register

Afterpay Ltd. is making its previously online-only buy now, pay later service available to U.S. consumers in stores. Australia-based Afterpay, fresh off a deal with mall developer Simon Property Group to support its service in stores, announced the in-store service Tuesday. As with online purchases, Afterpay users make four equal payments …

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Amazon Prime Day Will Generate Nearly $10 Billion in Sales in an E-Commerce Extravaganza

After a more than two-month delay, Amazon Prime Day is poised to officially kick off early Tuesday. The two-day event, which was created to boost Prime memberships, will generate $9.91 billion in sales worldwide for Amazon, up 43% from last year’s event, according to the latest forecast from research firm …

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Shift4 Adds an Ordering Capability to Its QR Code Technology for Restaurants

Shift4 Payments Inc. on Monday announced it is expanding its Quick Response code capabilities for restaurant clients to include an ordering function. Customers will now be able to scan a QR code displayed by the eatery to bring up a menu and to place an order, the Allentown, Pa.-based processor …

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