Digital Transactions Authoritative, insightful and timely information for payments professionals
• Mobile in-store payments will total $91.7 billion by 2020, up from $18.7 billion this year, according to a report from Javelin Strategy & Research. Browser-based and in-app mobile payments, however, will dwarf that number, reaching $318.8 billion, nearly doubling 2016’s $161.3 billion.
• Movie-ticketing platform Atom Tickets will integrate JPMorgan Chase & Co.’s Chase Pay mobile wallet early next year, allowing moviegoers to use the payment method in the Atom app or online to pay for tickets, concessions, and related merchandise.
• To encourage consumer savings, Wal-Mart Stores Inc. and Green Dot Corp. officially announced “Prize Savings,” a program that started in August and lets holders of the Green Dot-issued Walmart MoneyCard enter a monthly sweepstakes with each dollar they transfer from their card to a separate MoneyCard vault. The drawing awards 500 cash prizes each time, with a top prize of $1,000. Prizes are loaded to winners’ MoneyCards.
• Digital Donations, a provider of fundraising technology and payment-processing services, introduced its CrowdGIV Partner Rewards platform, which lets businesses associate with a charity or foundation and offer rewards for donations.
• Cubic Transportation Systems has been awarded a $7.6 million contract from Transport for New South Wales to run a trial of open-loop fare payments in Sydney, Australia. The trial, which will involve general-purpose contactless cards, is set to begin next year.
