Digital Transactions Authoritative, insightful and timely information for payments professionals
Online-commerce company Shopify Inc. has made its Shopify POS app free for its merchants and introduced an iPhone version of the payments service, the company recently announced. The app, which launched in 2013, includes a card reader. The new app replaces the Accept Payment option in Shopify Mobile, the Ottawa, Ontario-based company’s …
Read More »With Fraud Hitting Apple Pay in Its ‘Soft Underbelly,’ Experts Work on a Fix
Ever since its launch, proponents of Apple Inc.’s Apple Pay mobile-payments service have touted the wallet’s high-tech security features, including tokenization of card credentials, a secure element in the phone locking down those credentials, and fingerprint authentication. But now, only four months after that much-heralded launch, banks that support Apple …
Read More »Synchrony Financial, U.S. Bank Become Early Samsung Pay Backers
Consumers holding credit cards issued by private-label card issuer Synchrony Financial and credit and debit cards issued by U.S. Bank will be able to use their cards with Samsung Pay, a mobile-payment service available this summer. Samsung Electronics Co. announced Samsung Pay Sunday. It can use either near-field communication …
Read More »For $95 a Year, Stratos Promises Ease of Use as a Consolidated Card Service
Consumers wielding multiple credit and debit cards in their wallets have yet another service to use to consolidate them into one electronic payment card. Stratos Inc. on Tuesday introduced its Stratos Bluetooth Connected Card that enables consumers to load multiple cards onto the electronic device. The card begins shipping …
Read More »A Rumor No More, Samsung Pay To Debut This Summer Using LoopPay Technology
Samsung Electronics Co. Ltd. is joining the mobile-wallet and payments fray with its expected launch this summer of Samsung Pay, a service that uses near-field communication (NFC) and technology from LoopPay Inc. it recently acquired. Samsung Pay, available on the coming Galaxy S6 and S6 Edge smart phones this summer, could …
Read More »Mass EMV Chip Card Issuance Awaits: Survey
The deluge of EMV chip cards for the majority of U.S. consumers has yet to happen, finds a survey by ORC International Inc. In the survey of more than 1,000 U.S. adults, only 26% said they had a chip card. That figure increases slightly among consumers with credit cards, …
Read More »Using Apple And Samsung Biometric ID, Sekur Me Bids To Hike Mobile Conversion
A new service that integrates Apple Inc.’s Touch ID and Samsung’s fingerprint-recognition technology into a single mobile-payments app says it can help boost conversion, and ease shopping-cart abandonment, for mobile-commerce retailers. Santa Ana, Calif.-based Sekur Me Inc. uses the biometric sensors in Apple and Samsung smart phones to authenticate the …
Read More »Many Questions Hang Over Samsung’s LoopPay Deal And What Will Come Next
There’s a simple reason why Samsung Electronics America Inc. bought LoopPay Inc.: It wants a “truly digital wallet.” That’s the reason given by David Eun, Samsung executive vice president and head of the mega-corporation’s investment unit, Samsung Global Innovation Center. “We have a shared vision to inspire users to transition …
Read More »Visa Expands Checkout Availability; Says User Base Climbs to More Than 3 Million
Visa Inc. on Thursday said it is expanding the availability of its Visa Checkout online and mobile wallet to 13 more nations beyond the three original ones. Starting today, consumers in Argentina, Chile, Peru, Mexico, New Zealand, South Africa, and China can use Visa Checkout to pay for purchases on …
Read More »Samsung Buys LoopPay, a Key Building Block for a Samsung M-Payments Service
LoopPay Inc., the mobile payments company that relies on magnetic fields to connect devices to point-of-sale terminals, has a new owner: Samsung Electronics America Inc. The deal, announced in an email to LoopPay users, all but confirms that smart-phone maker Samsung has plans to launch what has been a much-rumored …
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