Mobile Wallets

All but two of 27 bank mobile apps examined in a new S&P Global Inc. study offer person-to-person payments and another bank will soon add the feature to its app. But less than a third of the apps support cardless ATM transactions. The study by New York City-based S&P Global’s …

The Federal Trade Commission announced a settlement with two defendants accused of laundering nearly $6 million in credit card charges through fraudulent merchant accounts. Lightspeed, developer of a cloud-based point-of-sale system, released Lightspeed Loyalty, a service that offers merchants a rewards program, automated marketing, customer data reporting, and, for restaurants, …

The prognostications for 2019 are starting to roll in, and if at least one comes true, we’ll see business-to-business transactions driving the growth of faster-payment systems. And smart phones might actually gain some discernible traction at the point of sale. The predictions come from the big accounting and consulting firm …

Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could …

Television streaming service Hulu LLC says it now accepts PayPal Holdings Inc.’s Venmo peer-to-peer payment service. Hulu could be a major win in PayPal’s ongoing effort to increase the popular Venmo’s profitability because the service will generate a recurring revenue stream. Founded in 2007, Santa Monica, Calif.-based Hulu competes with …

UATP, an airline-owned payment network, said it is adding Chase Pay to its network, a move that should make it easier for airlines to accept JPMorgan Chase & Co.’s Chase Pay in their apps and Web sites. NCR Corp. completed its $184 million acquisition of merchant processor JetPay Corp. Payments …

In a vast and rapidly growing commercial card market, virtual cards are grabbing dollar-volume share and are poised to dominate business-to-business card payments, according to research from Accenture Payments. Corporate cards, purchasing cards, and virtual cards will account for $523 billion in U.S. commercial card volume, up 10% from 2017, …

OnDeck Capital Inc. said it will combine its Canadian lending operations with Evolocity Financial Group, a Montreal-based online small-business lender. The combined entity will be branded OnDeck Canada. Terms were not disclosed. Mobile-payments specialist Glance Technologies Inc. announced a referral agreement for cash advances with Merchant Advance Capital L.P. Hackers …

Crafting a mobile-payments strategy can be a daunting task. The technology is evolving rapidly, and so are consumer expectations. Rather than starting with capabilities, a successful mobile strategy begins with an understanding of how people engage with their finances as part of their daily lives. Evaluating how consumers use mobile …

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …