Mobile Wallets

By John Stewart @DTPaymentNews Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the …

By Kevin Woodward@DTPaymentNews Chase Pay, the nascent mobile-payments service from banking giant JPMorgan Chase & Co., has added two more merchants to its roster. HMSHost, a Bethesda, Md.-based dining-services company specializing in transportation locations, and Parkmobile LLC, an Atlanta-based parking company, will begin accepting order-ahead capability based on functionality developed …

By Jim Daly@DTPaymentNews PayPal Holdings Inc. on Wednesday announced updates to its user agreements for consumers and merchants, and among the numerous changes are 0.5% price increases for several types of transactions involving U.S. sellers and foreign buyers. Beyond the price hikes, other changes include a new non-discrimination clause for …

By John Stewart @DTPaymentNews Ever since Ant Financial Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s …

Payments companies are taking strides toward integrating rewards for everyday purchases into mobile wallets, while making it easier to redeem those rewards at point-of-sale terminals. Last month, vending-payments specialist USA Technologies Inc. said it is integrating its MORE. loyalty platform into Apple Pay. The deal is designed to induce more …

Apple Inc. reported record quarterly sales Tuesday for its iPhone smart-phone models while chief executive Tim Cook briefly sketched a strong quarter and year for Apple Pay, the Cupertino, Calif.-based computer company’s mobile-payments service. Speaking to analysts in an afternoon earnings call to discuss Apple’s results for the three months …

Mobile wallets have struggled in the United States to win consumer adoption and usage, but worldwide the technology is growing smartly. And even in the U.S. market, it’s expected to pick up momentum. That’s according to a report issued Monday by U.K.-based Juniper Research. The firm estimates global payments volume …

A San Francisco analytics company with access to transaction data on 3 million consumer credit and debit cards says usage of Apple Inc.’s Apple Pay mobile-payment service rose steadily in 2016. TXN Solutions Inc. also says that among brick-and-mortar merchants Apple Pay usage is highest at New York City-area pharmacy …

• Coffee giant Starbucks Corp. reported its Mobile Order and Pay feature, which allows customers to order and pay on their mobile phone and then pick up the order later without waiting, accounted for 7% of all transactions in U.S. company-operated stores in the fourth quarter, up from 3% a year earlier. …

Travel providers have new options for accommodating how consumers use their smart phones to pay for travel. Ticketing-software vendor Rambus Ecebs has introduced a set of products for mobile ticketing that rely on host card emulation to load smart cards into smart phones. Host card emulation enables download of payment credentials via …