Digital Transactions Authoritative, insightful and timely information for payments professionals
In a move that could bring mobile payments based on near-field communication (NFC) to a wide array of financial institutions, MasterCard Inc. on Thursday announced it will provide its PayPass contactless-payment technology to mFoundry Inc., a Larkspur, Calif.-based vendor of mobile-banking software. MasterCard also invested an undisclosed sum in mFoundry, …
Read More »Having Started with Big Chains, Mobile Point of Sale Begins to Filter Down to Smaller Retailers
With the increasing popularity of smart phones and other mobile gadgets, major brick-and-mortar retail chains like Home Depot and Nordstrom began adopting mobile point-of-sale systems this year. And now smaller chains have begun equipping floor personnel with mobile devices that can scan merchandise and help customers look up out-of-stock …
Read More »Acquirers Can Expect a Very Merry Christmas If Trends Hold
If the best present for a merchant acquirer is more transactions to process, 2011’s Christmas has already arrived. Various reports from acquirers, payment processors, and research firms indicate that electronic transaction volumes are up sharply over 2010’s levels despite the gloom that still colors most economic news. Dallas-based Chase Paymentech, …
Read More »Google Folds Its Checkout Service into Google Wallet
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Read More »Visa’s Digital Wallet Coming in Early ’12, But Contactless Will Follow Later
Visa Inc. will launch its digital wallet product some time early in 2012, but contactless-payment capability won’t be part of the wallet until the second half of the year, a Visa executive responsible for the product tells Digital Transactions News. The first release of the wallet, which Visa is …
Read More »Xoom Launches a Mobile Site to Further Streamline Online Remittances
n While the mobile service just launched, early results have been “overwhelmingly positive,” says Julian King, Xoom’s senior vice president of marketing and corporate development. “Out customer base is delighted, but it’s super early.” The new service relies on technology from mobile-commerce vendor Usablenet Inc., New York. n The …
Read More »Mitek Snaps up Customers As Demand for Mobile Imaging Grows
Mobile-deposit and imaging software provider Mitek Systems Inc. said it doubled to 161 the number of financial-institution customers of its flagship Mobile Deposit product in its fourth fiscal 2011 quarter from 80 in the third quarter. The nation’s top five banks and seven of the top 10 now use or …
Read More »With an Android App Upgrade, PayPal Launches Its First NFC Product, A P2P Widget
In the wake of strong growth in its mobile-payments business, PayPal Inc. on Tuesday made available an upgraded Android app that includes a widget for person-to-person payments using near-field communication (NFC) technology. The launch represents the San Jose, Calif.-based e-commerce processor’s first live product based on NFC, a short-range …
Read More »Square’s Latest Enhancement for Card Case Aligns with Hands-Free Trend
Square Inc. on Wednesday introduced an enhancement to its Card Case wallet application that detects when a user is near a participating store and automatically links the user’s phone to the store’s Square account. By relying on this method, which the San Francisco startup calls automatically opening a tab, the …
Read More »Aiming to Smooth In-Store Mobile Transactions, VeriFone Buys Global Bay
Extending itself further into mobile retailing and software, VeriFone Systems Inc. on Tuesday announced it has acquired 9-year-old Global Bay Media Technologies, a South Plainfield, N.J., vendor of in-store mobile solutions. Terms of the deal, which had already closed by the time of the announcement, were not disclosed. The acquisition …
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