Mobile payments are on the radar for many airline executives. Fully 72% of North American airline executives responsible for revenue, finance, payments, and commerce, said the increase in customers using mobile payments and mobile banking is a factor in deploying digital wallets and alternative-payment methods, finds a new survey from …
Read More »PayPal Tops 203 Million Consumer Accounts As Partnerships Begin To Pay Off
Pay with Venmo, a fledgling merchant-payments service from PayPal Holdings Inc., is advancing to a broader testing stage with merchants, PayPal chief executive Dan Schulman said during a conference call with analysts to discuss the company’s first-quarter results Wednesday. Announced in 2016, One Touch is PayPal’s rapidly growing checkout service …
Read More »PayPal Furthers Its In-Store Ambitions With Deals With Android Pay And Wells Fargo
When PayPal Holdings Inc. made deals last year with Visa Inc., Mastercard Inc., Citigroup Inc., and Fidelity National Information Services (FIS), one key part of the agreements was access to the card networks’ tokenization engines to reach bank-issued payment cards. On Tuesday,
Read More »Merchants And Issuers Alike Will Need Persuading on the New 3-D Secure 2.0
In the run up to full implementation of 3-D Secure 2.0, a payment standard that aims to curb online fraud and prevent blocking legitimate transactions, merchants and issuers alike will need some convincing the technology will not impede e-commerce and mobile commerce. That’s the word from Tim M. Sherwin, chief …
Read More »Under New Leadership, Klarna’s U.S. Unit Targets Impatient Users With Streamlined Credit
Klarna Inc.’s new boss has big ambitions. Jim Lofgren, vice president of global accounts and partnerships for the Swedish payments processor’s U.S. operation, tells Digital Transactions News there’s plenty of room for growth in what many might perceive as a saturated market for retail credit. “In the U.S., we see …
Read More »How the Growing Mobile-Ordering Phenomenon Is Creating Opportunities for Payment Firms
Starbucks Corp. showcased it, and now more and more restaurants are adding mobile order-ahead and payment services in an effort to generate new business—and payments firms are only too happy to help them. “Restaurants and other retail merchants are realizing that mobile order ahead is a new sales channel with …
Read More »Payments Pros Confront an IoT Challenge: Securing Devices Without Impeding Usage
With a forecast of 15 billion new devices as part of the Internet of Things potentially coming online as payments devices by 2021, securing these devices, whether they are cars, wearables, or appliances, is emerging as a top concern. “We are seeing a huge increase in inadequately protected devices,” Graeme …
Read More »Want Contactless Payments in the U.S.? Don’t Hold Your Breath, Say Industry Experts
Contactless payments may seem like the next evolution of the U.S. payments industry, but the challenges confronting that technology may be greater than those of the ongoing chip migration, industry observers suggested on Tuesday at an industry trade show. “At the moment, contactless is much more complex, more expensive,” Allen …
Read More »Mobile Execs Mull Checkout Tech, Open Vs. Closed Networks, And Acceptance Costs
By John Stewart @DTPaymentNews The future of checkout, the role of the big payments networks, and merchants’ card-acceptance costs preoccupied a panel of mobile-payments executives assembled Tuesday to assess the current state and near-term future of the still-developing payment technology. With respect to how in-store users should check out on …
Read More »On a Growth Trajectory, Amazon Pay Looks To Go ‘Beyond the Button’ in 2017
Amazon.com Inc. announced an integration this week with an e-commerce platform called BigCommerce for its Amazon Pay service, but the company also clearly entertains big ambitions for the payment product it organized as a business in 2015. For now, Amazon Pay is on an upward trend. Some 33 million consumers, …
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