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Now Retailers Are Battling Honor-All-Wallets

The latest skirmish between merchants and the major card brands has been brewing behind the scenes for months but went public early last month when an advocacy group for big-box retailers charged that a new twist on network rules is slowing the progress of mobile payments. The controversy involves regulations …

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Payments Stocks Flattened Again as Brexit Downdraft Grows

A second day of market turmoil in the wake of the United Kingdom’s “Brexit” vote to leave the European Union once again took a big bite out of stocks of U.S.-based payments companies with large operations in the U.K. and Europe. For example, on a day when the major market indexes …

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Apple Pay Will Come to the Web Later This Year—But Only for Safari Browsers

Apple Inc. is bringing its Apple Pay service, originally restricted to apps and the Apple mobile wallet, to e-commerce sites on the Web. Apple Pay on the Web will be available this fall as part of the iOS 10 mobile and macOS desktop software updates. “We wanted to bring the …

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As the mPOS Revolution Spreads to More Merchants, Players Must Build Scale Fast

The mobile point-of-sale revolution started in North America with smart-phone readers from startups like Square Inc. and established software houses like Intuit Inc., but it’s now a global phenomenon with broad implications for entrenched players and newcomers alike, according to research released Monday. Indeed, mobile POS gear—chiefly phones or tablets …

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Payments Veteran Khan Says His New Wallet, OmnyPay, Is Nearing Its Retailer Launch

Mobile-wallet provider OmnyPay Inc. is nearing the launch of its white-label service, which includes payments, loyalty, and offers, with a top 30 U.S. retailer. The debut is expected within the next few months. That’s the word from Mohammad Khan, OmnyPay president and cofounder, in an interview with Digital Transactions News. …

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You’ve Heard of Honor-All-Cards. Now Retailers Are Battling Honor-All-Wallets

The latest battle between merchants and the major card brands has been brewing behind the scenes for months but went public Thursday when an advocacy group for big-box retailers charged that a new twist on network rules is slowing the progress of mobile payments. The controversy involves regulations long maintained …

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Cabela’s Using Ingenico Encryption and other Digital Transactions News briefs

• The number of merchants accepting chip cards increased to 1.4 million as of April 30, according to new data from MasterCard Inc. That’s a 17% increase from 1.2 million MasterCard reported in March. MasterCard also says 68% of all U.S.-issued MasterCard-branded consumer credit cards have an EMV chip. The …

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Rewards Cards: Rewarding for Issuers, but What About Merchants?

Rewards and loyalty cards are now common in the U.S. payments landscape, but new research findings show just how popular such cards have become. A study by Phoenix Marketing International says 93% of all credit card spending is now done on rewards cards, up from 88% in 2013. A separate …

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8th Annual Field Guide to Alternative Payments

Our list this year showcases some of the most interesting innovation going on in payments. As we put together this year’s Guide, we were struck by the sheer breadth of innovation the 37 entries that made this year’s list represent. Yes, much of this technology has to do with mobile …

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As More Mobile Wallets Crowd in, Wal-Mart Updates Its Shopping App With Walmart Pay

Walmart Pay, the mobile-payments app developed by Wal-Mart Stores Inc., is now broadly available to consumers as part of version 6.8 of the retailing titan’s shopping app, introduced this week for Apple Inc. smart phones. The app update, available on the iTunes store, says Walmart Pay will be “available in …

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