Monday , January 27, 2020

Mobile Wallets

Visa Backs Currency Cloud and other Digital Transactions News briefs from 1/27/20

Visa Inc. is among backers of an $80-million investment in Currency Cloud Ltd., whose software runs cross-border payments for financial apps, primarily in Europe. The funding round, co-led by Visa and SAP’s venture-funding unit Sapphire, included backing from Google. The funding follows Visa’s $5.3-billion deal to acquire Plaid, whose software enables fintechs …

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PayPal Strikes Acceptance Deal With UnionPay

In another move solidifying its emboldened links with Chinese payments providers, PayPal Holdings Inc. announced Wednesday it will support UnionPay International in its digital wallet. Eventually, UnionPay International, whose financial-institution members have issued more than 7.5 billion cards globally, according to China Daily, will look for ways to support PayPal’s …

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StubHub Adds Affirm Option and other Digital Transactions News briefs from 1/21/20

Affirm Inc., provider of point-of-sale installment credit, announced StubHub will use its service to sell event tickets that buyers can pay for over time.Chinese tourists in the United States increased their mobile-payments usage in 2019 to 3.1 transactions out of 10 from 2.8 the year before, according to a report released by …

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Shell In-Car Payments Come to Fiat Chrysler Dashboards

Consumers motoring in their Dodge Challengers and Ram pickup trucks are now able to pay for fuel at participating Shell Oil Co. gas stations from inside their vehicles using the vehicles’ infotainment systems. Shell announced Fiat Chrysler automobiles with Uconnect Market enabled will have access to the Shell Pay & Save …

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2019 Holiday Sales Increased 4.1% and other Digital Transactions News briefs from 1/17/20

The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …

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‘Digital Dollar’ In the Works and other Digital Transactions News briefs from 1/16/20

J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital …

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Visa Checkout’s SRC Shift Begins Jan. 21 and other Digital Transactions News briefs from 1/14/20

Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …

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Consumers Are Satisfied Making Contactless Payments, But Security Concerns Linger

Even though contactless credit and debit card transactions made by tapping a card against a point-of-sale device rely on the same standard as EMV dipped transactions, consumers have different impressions of the security benefits, a newly released study says. Indeed, 81% of the 1,350 consumers surveyed for the “Emerging Trends at …

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Samsung SDS And Syniverse Partner on a Common Mobile-Payments Platform for ‘Anyone With a Phone’

A major enterprise software company and a mobile-technology provider late on Thursday announced an agreement to develop a service they say will provide a universal connection to mobile wallets and “simplify mobile payments for anyone with a phone.” The proposed service will combine application programming interface technology from software vendor …

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Mobeewave And Samsung Leverage Contactless With Fast Onboarding for No-Dongle Acceptance

For years, payments providers like Square Inc. have mined the small- and micro-merchant market by providing inexpensive and simple attachments, or so-called dongles, that hook up to smart phones and can be used to swipe or read the chips on cards. Now comes the next step: card acceptance using no …

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