Digital Transactions Authoritative, insightful and timely information for payments professionals
Making a mobile payment is not commonplace yet, but the trend is heading that way, at least if a forecast from research firm eMarketer Inc. holds true. Mobile payments in the United States in 2014 are predicted to reach $3.5 billion, more than double the 2013 figure of $1.59 …
Read More »Heartland CEO Predicts Apple Pay Will Force MCX To Abandon Mobile-Wallet Exclusivity
Never one to mince words, Bob Carr, chief executive of the big merchant acquirer Heartland Payment Systems Inc., predicts that demand for Apple Inc.’s new Apple Pay mobile-payment service will force the retailer-controlled Merchant Customer Exchange (MCX) to abandon a policy of requiring its members to accept only MCX’s CurrentC …
Read More »Clover Adding Apple Pay Contactless And In-App Capabilities to Its POS System
Clover Network Inc., maker of the Clover tablet-based point-of-sale system, will be ready to accept Apple Pay contactless payment and in-app transactions when the scheme is released some time this month. That’s the word from Leonard Speiser, Clover co-founder and president. The Clover POS system will be able to …
Read More »In an About Face, eBay Announces It Will Spin off PayPal Next Year
Somewhere, Carl Icahn is smiling. Ebay Inc.’s top management announced early Tuesday that the online auction pioneer is beginning preparations to spin off its PayPal Inc. unit some time in the second half of next year in a transaction that will result in eBay and PayPal operating as two independent, …
Read More »MCX’s InComm Deal Might Give Currency To the Idea That Its Network Is Building Momentum
Prepaid card services provider InComm Holdings Inc. announced today that it has struck a “strategic partnership” with Merchant Customer Exchange (MCX), parent firm of the fledgling mobile-payments network owned by merchants and recently branded as CurrentC. But exactly what the partnership will do for the long-aborning MCX is not clear. …
Read More »Now the Top Phishing Target, Apple Could Draw More Cyber Crooks with Apple Pay
Apple Inc. is selling a ton of its new iPhone 6 smart phones, but before launching the device earlier this month it had already attracted a much less desirable crowd of devotees: phishers. Among all brands targeted by these cybercriminals, Apple is now tops, and the company’s expected introduction next …
Read More »COMMENTARY: Make No Mistake, Apple Pay Is the Great Enabler of Mobile Payments
By Nate Stewart. Zing Apple Inc. has finally entered the mobile-payments game, and yes, it’s a big deal. The reaction, though, has been veering toward the negative aspects of Apple’s move and how it could hurt different industry players. The reality is quite the opposite. Apple has just become the …
Read More »Most Smart Phones Expected To Be NFC and Mobile Wallet Enabled by 2015, Says Softcard Executive
By the end of 2015, most smart phones sold in the United States will have near-field communication (NFC) capability and be mobile-wallet ready, potentially creating a confluence of payments and commerce, says Matt de Ganon, senior vice president of product at mobile wallet provider Softcard. That prospect excites de …
Read More »Huge Softcard Coup with Subway Poses No Threat to Startup Paydiant, Top Exec Says
The telco-controlled mobile-wallet provider Softcard scored a major coup on Tuesday with the announcement that the massive Subway sandwich chain will start accepting its wallet Oct. 1 at its more than 26,000 U.S. locations. When complete, it will be the largest restaurant deployment yet for payments via near-field communication (NFC) …
Read More »PayPal Ad Campaign Stresses Strength in Mobile Security, But Will it BackFire?
PayPal Inc., the payments arm of eBay Inc., says it will process 1 billion mobile payments in 2014, and this experience means it knows something about mobile-payments security. That’s one message PayPal hopes comes across in a new ad campaign appearing in newspapers and online just days after Apple …
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