Digital Transactions Authoritative, insightful and timely information for payments professionals
• Fast-food restaurant chain Chick-fil-A Inc. says it will begin accepting Apple Pay and Android Pay Friday at the point of sale inside its stores and in drive-through lanes. Chick-fil-A announced in February it would accept Apple Pay along with its own Quick Response bar code-based mobile-payment service. • Wal-Mart …
Read More »Coveted Top-of-Wallet Status Goes to Issuers That Match Cards to Users’ Shopping Habits
By Kevin Woodward@DTPaymentNews In the quest to position their credit cards as the preferred payment method in mobile wallets, issuers may want to target consumers in the right demographic group who have preferences that match what the card offers, if the newly released “J.D. Power 2016 U.S. Credit Card Satisfaction Study” is …
Read More »Eye on Mobile Payments: Chase Pay Snags Phillips 66; Report Decries Wallets’ Value Void
JPMorgan Chase Co.’s Chase Pay mobile wallet, probably the most ambitious bank-operated U.S. mobile-payments service, on Wednesday announced it has signed up Phillips 66 Co., which sells gasoline under the Phillips 66, Conoco, and 76 brands, and will accept Chase Pay at its pumps and in its stores. No date …
Read More »Wargaming Uses RedD Shield and other Digital Transactions News briefs
• KeyBank announced it is supporting the Masterpass digital wallet from MasterCard Inc., which recently revamped Masterpass to stress in-store payments. • Wargaming, an online-games producer, has deployed the ReD Shield anti-fraud system from ACI Worldwide throughout Europe and now plans to deploy it globally. • WesBanco Bank Inc. will instantly issue …
Read More »New EMVCo Device-Certification Process Could Give a Lift to NFC Mobile Payments
A streamlined approval for contactless mobile-payment devices announced Wednesday by chip card standards body EMVCo could help mobile-payments boosters realize their elusive dream that the coming of chip cards to the U.S. also will lift smart-phone-based payments. The new approval process is meant to confirm that mobile devices enabled for …
Read More »UnionPay’s QuickPass Mobile-Payments Service Makes Its North American Debut in Canada
By Kevin Woodward@DTPaymentNews UnionPay International’s QuickPass mobile-payments service made its North American debut with acceptance initiated in Canada, the company, a unit of China UnionPay, announced Tuesday. Consumers can use their UnionPay QuickPass cards, equipped with a contactless chip, or a card loaded into a mobile wallet, at contactless payment …
Read More »Next-Generation Payments Tech Evaluated and other Digital Transactions News briefs
• A variety of financial-services firms, including MasterCard Inc., SWIFT, and Visa Inc., participated in a 130-page report released Friday by the World Economic Forum that concludes “distributed-ledger technology will form the foundation of next-generation financial services infrastructure in conjunction with other existing and emerging technologies.” • M&T Bank announced …
Read More »A New Mobile Wallet from Pharmacy Giant CVS Shows Further Migration From MCX
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which on Thursday announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
Read More »More Than a Quarter of Consumers Expect To Use a ‘Pay’ in the Next Six Months
By Kevin Woodward@DTPaymentNews Mobile-wallet adoption might get a boost through the rest of 2016 as 29% of consumers expect to use a mobile wallet like Apple Pay, Android Pay, or Samsung Pay before the end of the year, finds a survey from Computer Services Inc., a financial-technology company. Most—71%—had no …
Read More »Contactless Payments Specialist PayRange Taps Into the Canadian Vending Market
PayRange Inc., a specialist in contactless payments for vending machines, is making good on $12 million in funding it raised last year with a couple of contract announcements. Portland, Ore.-based PayRange said Monday the Canadian National Vending Alliance, a coalition of large vending operators in Canada, will equip all vending …
Read More »