Mobile Wallets

Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …

Mastercard Inc. joined the BNPL fray Tuesday with the introduction of Mastercard Installments. Consumers can access BNPL offers, either pre-approved through their lender’s mobile banking app or through instant approval at checkout, that can be used online or in-store wherever Mastercard is accepted. Consumers can choose from a variety of …

Thirty-nine percent of consumers would ditch traditional banking for peer-to-peer and social media app payments, found a survey of 1,000 U.S. consumers from GoCardless, which provides account-to-account payment services. Younger consumers are much more inclined than older consumers with 54% of Gen Z, the youngest, and 56% of Millennials, willing to …

A new report based on the practices of 100 retailers finds that Apple Pay is available at more of them—97%—than its chief competitors Google Pay and Samsung Pay. That’s according to the 2021 Omnichannel Retail Index, released Monday by FitForCommerce, a retail consultancy, in conjunction with the National Retail Federation. …

American Express Co. said it is working with Extend, a virtual card specialist, to expand its virtual card options for U.S. businesses.Gift card provider Factor4 LLC said it is work with SavorConnect, a cloud-based integration platform, to make its gift cards that can used online, in stores, and with mobile devices available on …

The rapidly expanding utility of open banking for instant funding came into sharp relief early Thursday with announcements from payments processors Nuvei Corp. and Circle Internet Financial Corp. Montreal-based Nuvei, which has been cultivating its stake in the U.S. gaming market, said consumers can now move money instantly from their …

Chevron Products Co. said it is working with mobile-payments technology provider P97 Networks Inc. to enhance the company’s mobile apps for both Chevron and Texaco customers.Mercator Advisory Group’s “18th Annual U.S. Closed-Loop Prepaid Cards Market Forecast 2020-2025” found that closed-loop prepaid card loads dropped 14% because of the pandemic, but are expected …

PayPal Holdings Inc. on Tuesday launched a new version of its mobile app with a panoply of new shopping and financial features aimed at broadening the product’s appeal with consumers who are increasingly turning to online commerce. The big refresh, the first PayPal has executed on its digital wallet for …

Since the pandemic hit, e-commerce has been a boon for many merchants. Still there’s one merchant segment that has not fared so well with online sales: grocers. They’re finding the channel not particularly profitable, according to reports. Despite the number of online grocery shoppers increasing five-fold in 2020 compared to …

The First National Bank of Omaha launched a buy now, pay later service that enables merchants to offer installment payments to consumers. FNBO tapped EXL, an operations management and analytics company, and Skeps, a point-of-sale loan originations platform, to help develop the service. The BNPL service can be integrated into e-commerce Web …