News

January, 2015

• 30 January

  No Argument Here: Younger Consumers More Likely To Use Mobile Wallets

  Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …
• 30 January

  A New Card Aims to Combat Data Breaches with Unique Numbers for Each Transaction

  Consumers are weary of dealing with the fallout from data breaches and want a better way to minimize their risk. The backers of Final, a new credit card with online-management tools that can set spending caps and produce virtual card numbers tied to specific merchants, hope to alleviate some of …
• 30 January

  Higher Transaction Volumes Help Boost MasterCard’s Quarterly Profit by 21%

  Boosted by higher transaction volumes both in the United States and abroad, MasterCard Inc. on Friday reported a 21% increase, adjusted for foreign-currency effects, in net income for 2014’s fourth quarter. The No. 2 payment network posted an $801 million profit versus $684 million a year earlier on net revenues …
• 29 January

  Multiple Waves of Upgrades Keep ATM ISO Dolphin Debit Busy As Growth Sizzles

  The expense of managing multiple upgrades to fleets of ATMs has small banks and credit unions turning to companies like Houston-based Dolphin Debit for help. Dolphin Debit, which manages more than 1,000 ATMs for more than 200 financial institutions and at several Murphy USA locations in 10 states, says its …
• 29 January

  As Apple Closes in on Samsung, the Rivals Get Set to Lock Horns in M-Payments

  With Apple Inc.’s record results in the fourth quarter, the computer giant appears to be closing in on long-time rival Samsung for dominance in the crucial worldwide smart-phone market. Meanwhile, Samsung is working to catch up with Apple Pay, the highly publicized mobile-payments service Apple launched in October. For now, …
• 29 January

  Visa Chief Scharf Holds out Digital Payments As Olive Branch to Fee-Weary Retailers

  In the wake of an important Supreme Court decision early last week, Visa Inc.’s chief executive Thursday afternoon sounded a conciliatory note on the company’s often fraught relations with merchants and touted Visa’s digital-payments initiatives as a way of bringing more value to retailers in return for the fees they …
• 27 January

  As M-Commerce Increases, So Too Does Fraud, But Disproportionately: Study

  As mobile commerce becomes ever more important to merchants, so too does the number of mobile payments made via apps and Web sites viewed on smart phones and tablets. Along with this growth, however, is a disproportionate increase in fraud as a percent of m-commerce revenue, finds the “2014 LexisNexis …
• 27 January

  Observers Applaud Fed’s Payments Plan, But Lament Slow Pace of Progress

  Now that the Federal Reserve has released its plan for faster payments in the United States, observers are applauding the effort while expressing some impatience with what they see as the central bank’s overly deliberate approach. “The Fed is indeed headed in the right direction, but it is a slow …
• 27 January

  Apple CEO Pronounces Apple Pay’s ‘First Inning’ a Success, but Gives Few Details

  Apple Inc. chief executive Tim Cook said Tuesday afternoon that Apple’s new Apple Pay mobile-payment service is doing well three months after its launch, but he gave few details during the company’s latest quarterly earnings call. “Apple Pay is off to a very strong start,” Cook said in his opening …
• 26 January

  C-Store Chain Wawa Debuts a Mobile Payments And Rewards App

    Starbucks Corp. has proven that consumer apps for buying coffee are becoming more popular, and now convenience stores have joined in with c-store chain Wawa Inc. launching its mobile-payments and rewards app. To use the payment function of the Wawa app, which is available for iOS and Android smart …