Wednesday , April 24, 2024

Mobile Wallets

Ethiopian Airlines Adopts a Platform From Carrier-Payment Specialist Cellpoint Mobile

Ethiopian Airlines, which flew more than 8.7 million passengers in 2017, will use the Cellpoint Mobile payment platform across its domestic and international operations for tickets and related transactions, Miami-based Cellpoint Mobile announced Sunday. In addition to common payment acceptance, the deal also will enable Ethiopian Airlines, which flies 100 …

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Despite Growth in Mobile and Online Payments, Longstanding Payment Patterns Persist

The latest findings from a long-running survey of consumers’ payment choices show that new technology is driving a growing number of transactions, but overall usage patterns for credit cards, debit cards, and cash remain stable. The simultaneously released 2016 and 2017 Surveys of Consumer Payment Choice from the Federal Reserve …

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Venmo’s New Debit Card Is About More Than Cashing in on Interchange Fees

While the opportunity to earn interchange on transactions made on its new Venmo debit card seemingly answers the oft-asked question of how PayPal Holdings Inc. plans to leverage its free peer-to-peer payment service, the full answer runs much deeper. Interchange is only one piece of the puzzle. A much larger …

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Eye on Contactless: Mobeewave Eyes Small Canadian Merchants; U.K. Payments Double

Canadian fintech Mobeewave could see its contactless-payment service for Samsung smart phones expand thanks to a new agreement with National Bank of Canada. And this week a British financial trade group announced that contactless payments in the United Kingdom jumped 97% in 2017. Dubbed National Bank Easy Pay, the service …

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Cardfree’s Mobile Wallet Patent and other Digital Transactions News briefs from 6/21/18

PayPal Holdings Inc. blocked sales of the violent video game Active Shooter, which lets players choose the role of a gunman terrorizing a school or of a SWAT team trying to stop him, the Associated Press reported; the game had been pulled from the online marketplace Steam after complaints but …

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Electronic Payments Notes Milestone and other Digital Transactions News briefs from 6/14/18

A survey from The Fraud Practice LLC, commissioned by Kount Inc., found that Apple Pay acceptance among a group of almost 600 merchants decreased to 35% from 48% a year earlier. Google Pay acceptance dropped from 38% to 25%. Support for near-field communication, the wireless technology that enables Apple Pay and …

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Worldpay Tests Dynamic CVV Cards in Anticipation of Broader Availability

Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and …

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USAA Sues Wells Fargo Over Remote Deposit Capture Patents

USAA, the big insurance company and bank serving current and former military members and their families, filed a federal lawsuit Thursday accusing Wells Fargo Bank of infringing on four of its mobile remote deposit capture patents. The lawsuit, filed in U.S. District Court in Marshall, Texas, asks for unspecified damages. …

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A New Report Delivers a Cold Dose of Reality on ‘Frictionless Payments’

In the United States, at least, mobile wallets and contactless transactions in general have been a hard sell, but now research results issued Wednesday indicate so-called frictionless payments may themselves hold less attraction for consumers than many had thought. Apps that allow users to set up a payment method and …

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Eye on Online Payments: Paysafe’s New Cash Option; Apple Pay Tests Order-Ahead Feature

Cash-oriented consumers are getting another option to shop online with the debut of Paysafe Group’s Paysafecash. And Apple Inc. recently tested an order-ahead feature for Apple Pay, according to a news report. London-based Paysafe , which Monday closed it deal to buy U.S. merchant acquirer iPayment, says Paysafecash is already live …

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Digital Transactions