Mobile Commerce

Young adults are famous for their enthusiasm for new technologies, and that perception appears to be confirmed by a new study that compared adoption of in-app payments by various age groups. The recently released “2017 U.S. Mobile App Report” from Internet metrics firm comScore Inc. found that 23% of adult …

Acquirers wanting to tap into the ever-growing number of e-commerce merchants, especially small businesses, might do well to target a handful of U.S. cities with large bases of retail entrepreneurs. E-commerce platform provider Volusion released this week a list of the top 10 cities based on volume of merchants and …

After two delays, processor Vantiv Inc. and London-based merchant acquirer Worldpay Group plc finally announced a formal deal Wednesday that has Vantiv acquiring Worldpay in a deal that creates a global processing powerhouse. The cash and stock deal values Worldpay at $12 billion, a 34% premium to Worldpay’s six-month volume-weighted …

Litigation between CardFree Inc. and Scvngr Inc., better known as LevelUp, has taken a nasty turn in recent weeks, with LevelUp accusing CardFree of high-pressure tactics outside the courtroom and CardFree charging LevelUp with more instances of fraudulent access to its mobile order-ahead-and-pay system. In its June 21 answer to …

Visa Inc. is investing in Klarna, a Sweden-based payment processor that offers retail credit options for merchants, the card brand announced Tuesday. The intent, Visa says, is to develop a “future strategic partnership,” which appears to focus on Europe, though Klarna also operates in North America. Visa says the deal …

With concerns about card-not-present fraud rising, e-commerce merchants have increased their usage of 19 of 21 fraud-detection tools since 2010, some by more than 30 percentage points, according to a recent report from the Federal Reserve Bank of Kansas City. The only tool whose usage declined was 3-D Secure, which …

A new survey from American Express Co. finds that 37% of consumers abandoned an online purchase because they have concerns about the security of the transaction. The 2017 American Express Digital Payments Survey, released Tuesday, also finds that, despite these concerns, 47% of consumers increased their e-commerce purchasing frequency in …

By John Stewart @DTPaymentNews If Amazon.com Inc.’s $13.7 billion acquisition of Whole Foods Market Inc. closes later this year as expected, it could set the stage for a radical redefinition not just of in-store payments, but of the checkout experience itself, observers say. The deal, which Amazon announced late last …

Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and on Monday, the computing giant obliged. Without adding much detail, Apple announced that users of its iMessage feature will be able to …

By Peter Lucas Visa and Mastercard are acting fast to dominate the rapidly developing tokenization business. Are juicy fees next? It’s been more than six months since Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Pacts giving PayPal Holdings Inc. such access have emerged over …