Apple Pay has pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release Tuesday of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay for gas within the app. The app also is available for Android devices. It also works …
Read More »CardFlight’s Stripe Integration Deal Aimed at Developers of In-App, Card-Present Payments
With an eye to easing the integration of EMV payment acceptance in mobile apps used for card-present transactions, mobile point-of-sale provider CardFlight now offers integration with Stripe, a payments provider specializing in online transactions. Developers can use the CardFlight software development kit and gateway to add EMV acceptance to apps …
Read More »EMV Chargebacks Proving To Be a Card-Present Merchant Problem
Hiccups in the U.S. payment card industry’s monumental shift to EMV chip card technology are beginning to surface, and one problematic area is chargebacks among card-present merchants. That’s the observation from one large merchant-services provider, and it’s corroborated by a recent report from First Annapolis Consulting Inc. containing similar …
Read More »By 2020, 45% of Wearables Owners Will Use Them for Payments, Mostly Open-Loop
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, …
Read More »Cash Remains Favored Person-to-Person Payment Option Even Among Millennials
Cash, it seems, remains king, especially among younger consumers who want to use person-to-person payments. Of the 1,000 18-to-34-year-old U.S. consumers surveyed, 58% prefer cash for their P2P payments, says GoBankingRates.com, a financial-services site that conducted the online survey in January. The popularity of cash, even among Millennials, for P2P …
Read More »Citi’s Deal To Buy the AmEx Costco Portfolio Moves a Step Closer
The cessation of the cobranded Costco Wholesale Corp. credit card issued by American Express Co. moved another step closer with Monday’s announcement that Citigroup will buy the AmEx Costco portfolio for an unspecified sum. Citi’s acquisition of the portfolio is expected to close this summer. That’s when Citi will begin to …
Read More »Sky’s the Limit for Amazon Payments As It Handles Onboard Purchases for Southwest
Many consumers will find it easier to make onboard entertainment purchases when flying on Southwest Airlines Inc. now that the airline is accepting Pay with Amazon. Announced Wednesday, the service enables Southwest passengers who have stored payment data in their Amazon.com Inc. accounts to pay with those credentials. To pay for …
Read More »Pin4 Extends Cardless ATM Withdrawals to Non-Bank ATM Operators
HalCash North America is making its cardless-cash ATM service available in four U.S. cities prior to eventual national expansion later this year. Under the Pin4 moniker, the HalCash North America service enables consumers to securely send cash that recipients can retrieve at participating ATMs without having to insert a card …
Read More »MasterCard Adding Location Tech As Part of Trend Toward User-Based Card Controls
With an eye to giving credit and debit card holders a measure of greater control, MasterCard Inc. unveiled a new alert feature that provides issuers with verifiable data about a cardholder’s location. That can help prevent authorization refusals, for example, when the cardholder travels. Available now in the United Kingdom, and …
Read More »Competition And Pricing Could Have Been Culprits in Flint Mobile’s Apparent Demise
Flint Mobile Inc., a startup whose app allowed merchants to process transactions by using their smart-phone camera to scan customers’ card numbers, abruptly ceased operations earlier this month and has arranged for merchants to switch over to Stripe for processing. That’s according to MerchantMaverick.com, a merchant-processing review site Flint, which …
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