Digital Transactions Authoritative, insightful and timely information for payments professionals
What’s that big, juicy new target out there for cyber-hackers? Apple Pay, of course. And don’t forget ATMs, either, since many deployers have yet to upgrade machines running old, increasingly vulnerable versions of Microsoft Corp.’s Windows XP operating system. Apple Pay and ATMs are included on Woburn, Mass.-based data-security services …
Read More »Online Sales Jump on Black Friday And Thanksgiving, With Apple Far Ahead of Android
With Black Friday results nearly in the books, the holiday-shopping season has officially started, though some observers argue it really began this year on Thanksgiving day itself with a flurry of mobile commerce. Much of that commerce is being driven by users of Apple Inc. devices. Controlling by far the …
Read More »Canadians Eschew Mobile Payments, For Now: Survey
Mobile payments in Canada only garner 2% of all consumer purchases, finds a study from research firm GfK. But that does not signal the low adoption rate will continue. Only 21% of Canadian shoppers, defined as those who have shopped in one of 15 product categories in the past …
Read More »Digital Wallets Are Pushing up Conversions, Making Them a Prime Target for Acquirers And Gateways
Digital wallets, especially when used for mobile commerce, are gaining increasing favor among consumers, finds a report from the Adobe Digital Index, a research unit of Adobe Systems Inc., which carries implications for acquirers and payment gateways. In a survey of 400 U.S. consumers, Adobe found that the number …
Read More »Remain Calm: Mobile Pay Will Boom, but It Doesn’t Warrant a Media Frenzy, Analyst Says
Mobile-payments volume will nearly triple from $51.5 billion this year to $141.7 billion in 2019, according to a new report from Forrester Research Inc. That’s pretty exciting news for payments networks, processors, banks, tech specialists, and others with a stake in the budding sector. But wait. Even with all that …
Read More »While Google Wallet Is Ditching Digital Goods, It’s Likely to Stick with Other Markets
Google Inc.’s decision to kill its application programming interface for digital-goods sales may have more to do with the expense and complexity of the market than with any underlying strategy to retreat from the digital-wallet business overall, experts say. Google on Thursday announced it will shut down the 2-year-old API …
Read More »Mocapay Seeks Wider Distribution Through a New Link With Merchant Link
By Jim Daly Mocapay Inc., one of the nation’s pioneers in mobile payments, hopes to expand its small footprint through a new distribution agreement announced this week with Merchant Link, a gateway and data-security service owned by JPMorgan Chase & Co.’s merchant-acquiring unit, Chase Paymentech. Founded in 2007, Denver-based Mocapay …
Read More »Mozido Adding More MasterCard Mobile Payments Products
Financial and marketing services company Mozido Inc. says it will use MasterCard Inc. payment and security products to expand its services. Austin, Texas-based Mozido provides mobile payments, loyalty and offers programs to merchants, and has a white-label mobile app. This move means that Mozido products will include MasterPass, MasterCard’s …
Read More »For the First Time, Consumer Use of Mobile To Buy Physical Goods Exceeds 50%, Report Says
In the past 12 months, 51% of consumers purchased a physical good using a mobile phone, the highest percentage in five years, potentially signaling a greater propensity for consumer adoption of mobile wallets, according to a new report from Javelin Strategy & Research. That is up from 45% in …
Read More »BitPay’s Mobile Wallet App Features One-Tap Payment
Bitcoin merchant-services provider BitPay Inc. has launched an app to enable one-tap Bitcoin payment at the point of sale. Dubbed Bitcoin Checkout, the app is available now for smart phones and tablets using Android. An iOS version is planned for Apple Inc. devices. The app, when loaded onto a smart phone …
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