Digital Transactions Authoritative, insightful and timely information for payments professionals
• 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 »Miami’s Transit Agency Among the First to Ride Contactless Rails from TfL
By Kevin Woodward@DTPaymentNews Consumers using near-field communication (NFC)-enabled payment cards and smart phones enabled with mobile wallets soon will be able to use them to pay for transit rides operated by the Miami-Dade County’s Department of Transportation and Public Works, Cubic Corp. recently announced. The contract is valued at $33 …
Read More »Epson America Launches Partner program and other Digital Transactions News briefs
• FinTech Acquisition Corp. announced it has completed its acquisition of processor CardConnect LLC, which has become a wholly owned subsidiary. Renamed CardConnect Corp., the company began trading Monday on the NASDAQ under the symbol “CCN.” • Epson America Inc. launched the Envision mSelect Partner program to help mobile point-of-sale …
Read More »How Restaurant EMV Could Boost Mobile Wallets As Issuers Turn to PIN Verification
By John Stewart @DTPaymentNews Most mobile wallets in North America have struggled to win adoption and usage among consumers, and some apps backed by mobile networks have already fallen by the wayside. But one factor that could promote mobile payments is likely to come from a surprising source: restaurants. With …
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