By Kevin Woodward@DTPaymentNews One-third of the payments that consumers made using Pay with Amazon in 2016 were on a mobile device, e-commerce giant Amazon.com Inc. revealed Tuesday. Pay with Amazon enables consumers to use their Amazon wallets to pay for merchandise on other retailer’s Web sites. In a rare release …

Canada’s credit card interchange rates have already come down and, under government pressure, could be coming down again. Snow and cold haven’t stopped Canadian bankers and retailers from trekking to the national capital of Ottawa, Ontario, this winter. The reason: to give their opinions to minister of finance William F. …

Cyberfraud is maturing into a stable, highly profitable business, adopting modern management principles and investing heavily in innovation. It has already evolved into an impressive, sophisticated, well-managed, capitalistic environment, composed of bold hack-innovators, hack-services providers, hack analytics, hack market promoters, and some hacking line soldiers, who are the ones who …

A rush of excitement is rippling through the coffee shops on K Street in downtown Washington, D.C., fueled by a once-in-eight years chance to rewrite financial regulations to protect the public without choking off financial pioneers. A lot has been written about how fractured and unresponsive the present regulations are, …

By Jim Daly@DTPaymentNews Merchant trade groups have kept up a steady drumbeat this year in support of the Dodd-Frank Act’s Durbin Amendment with its debit card regulations. But, with Republicans taking full control of the federal government in January, the drumbeat got louder Tuesday when 627 large and small merchants …

Worldpay, WePay, and Stripe are among those viewed as attractive targets as the industry consolidates. Apparently, investors are not ready to put away their checkbooks when it comes to payments companies. Despite potential macro uncertainty stemming from the U.S. presidential election and the specter of the United Kingdom’s departure from …

Members of Amazon.com Inc.’s Prime membership service are enthusiastic users of the e-retail giant’s payments service, which it makes available to other merchants. In fact, some 50% of Amazon Pay’s users belong to Prime, according to Amazon Pay vice president Patrick Gauthier, who spoke with Digital Transactions News Tuesday at …

Universal mobile wallets have yet to gain the hearty embrace of merchants and consumers, unlike those serving a solitary merchant. But that will change, forecasts the “Merchant Mobile Wallets: Mobile Payments in Action” report released Wednesday by Mercator Advisory Group Inc. The report from the Maynard, Mass.-based payments consultancy predicts …

Consumers increasingly want choice in bill payments, according to findings from a new study by Fiserv Inc. The bank and payment processor’s Eighth Annual Billing Household Survey found that the average number of payment methods consumers use monthly rose from 2.9 in 2014 to 3.6 in 2015, a 24% increase. …

Payment with a wearable device, such as a smart watch, wristband, or fitness monitor, has the potential to be used by 45% of wearables-owning consumers by 2020, finds the IHS “Wearable Payment Devices Report—2016” issued Wednesday. In four years, the global market for wearables will reach 340 million devices shipped, …