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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 …
Read More »With Its Dinerware and pcAmerica Deals, Heartland Lays out a New Direction for Leaf
Heartland Payment Systems Inc. has acquired point-of-sale system developers Dinerware Inc. and pcAmerica, both makers of restaurant point-of-sale systems, Heartland announced Friday. Terms were not disclosed. The acquisitions spurred Princeton, N.J.-based Heartland to create a dedicated business unit call Heartland Commerce, which includes Dinerware, pcAmercia, Xpient, Leaf, and Liquor POS. …
Read More »Once They Use It, Consumers Favor NFC Over QR Codes, NFC Forum Survey Says
More consumers are satisfied using near-field communications (NFC) technology with their smart phones than express the same satisfaction using Quick Response codes, finds a survey by Strategy Analytics Inc., a Boston-based consulting firm. In the survey, commissioned by NFC advocate group NFC Forum, 76% of consumers said they were satisfied …
Read More »With Its PayEase Acquisition, Burgeoning Mozido Enters China
Financial and marketing services company Mozido Inc. now is serving China through its acquisition of PayEase Corp., a China-based payment processor. Announced today, the acquisition makes Austin, Texas-based Mozido the owner of one of 22 licensed payment-processing companies in China. PayEase, which is headquarter in Beijing, provides in-app mobile payments, …
Read More »Physical Stores Still Dominate Retail Despite Headlines on Mobile, Online Commerce
In spite of all the hoopla about burgeoning e-commerce and mobile-commerce activity, consumers still prefer to shop inside a store, finds the “Total Retail: Retailers and the Age of Disruption” report from PriceWaterhouseCoopers LLP. Of the more than 1,000 U.S. consumers surveyed, only 27% said they shop online weekly. But, …
Read More »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 …
Read More »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 …
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