Mobile Wallets

Sen. Richard Durbin, D-Ill., the author of the fee-capping Durbin Amendment, is well-known as a champion of merchants, but now he’s taking up the cause of small banks and credit unions. Durbin on Tuesday sent a letter to Visa Inc. chief executive Charles Scharf asking for information about a new …

Mobile-wallet provider OmnyPay Inc. is nearing the launch of its white-label service, which includes payments, loyalty, and offers, with a top 30 U.S. retailer. The debut is expected within the next few months. That’s the word from Mohammad Khan, OmnyPay president and cofounder, in an interview with Digital Transactions News. …

Just as consumers have become accustomed to using their credit and debit cards across multiple shopping channels, so too are many expecting the digitized, and mobilized, versions of these cards to mimic that experience. That finding, from 451 Research LLC’s “Mobile Pay and Commerce Advisory Report,” suggests that early adopters …

• Merchant processor iPayment Inc. has agreed to promote acceptance of Samsung Electronics Co. Ltd.’s Samsung Pay mobile-payments service to merchants and resellers. Merchants can receive a merchant kit that includes window decals and other point-of-purchase items promoting Samsung Pay acceptance. Samsung announced its Samsung Pay reseller program in January. …

The latest battle between merchants and the major card brands has been brewing behind the scenes for months but went public Thursday when an advocacy group for big-box retailers charged that a new twist on network rules is slowing the progress of mobile payments. The controversy involves regulations long maintained …

By John Stewart @DTPaymentNews Ever since Apple Pay debuted in 2014, payments pundits have wondered how fast mobile payments would catch on with consumers. The near-simultaneous arrival of two rivals, Android Pay and Samsung Pay, last fall only made the question more urgent. And now data is emerging that indicates …

• Some 27% of consumers who have a smart phone capable of performing mobile payments have used Apple Pay, Samsung Pay, or Android Pay at least once, according to the latest Mobile Pay Tracker survey from Auriemma Consulting Group. Of this group, 31% say they pay with these methods every …

• The number of merchants accepting chip cards increased to 1.4 million as of April 30, according to new data from MasterCard Inc. That’s a 17% increase from 1.2 million MasterCard reported in March. MasterCard also says 68% of all U.S.-issued MasterCard-branded consumer credit cards have an EMV chip. The …

• Wells Fargo & Co. announced its Wells Fargo Wallet will launch this summer and be incorporated into the banking giant’s mobile-banking app for Android devices, giving customers the ability to make contactless near-field communication payments directly from the app. The app, developed in-house, also will work at Wells Fargo …

Confronted with pokey EMV transactions, consumers and merchants in the United States may be eagerly looking for the contactless revolution to start. But in the United Kingdom, the wave-and-pay method is already picking up quite a head of steam. Consumers in the U.K. performed just over 1 billion contactless transactions …