Digital Transactions Authoritative, insightful and timely information for payments professionals
Financial institutions have much to gain from fees and cost savings if they offer person-to-person payments and get it right, according to representatives of three leading P2P networks who spoke on a panel at a banking conference on Monday. The keys to getting this relatively nascent payment form right lie …
Read More »PayPal Lifts the Curtain on an Overhauled Wallet As Rumors Swirl About a Mobile Dongle
With rumors swirling that it is close to launching a mobile-acceptance device for small merchants, PayPal Inc. on Tuesday unveiled a digital wallet that offers a raft of new features at a time when major rivals like Google Inc. and Visa Inc. are introducing new wallets. PayPal’s product, which it …
Read More »Consumers Look to Tech Firms for Innovation But Place Their Trust in Banks
Countless news reports have reported or speculated about what Google Inc., Apple Inc., Amazon.com Inc., and Facebook Inc. have done or might do in mobile payments. Consumers, however, don’t rate these four companies as highly as they do their own banks or traditional payment companies in trustworthiness involving their financial …
Read More »Handset Users Indicate Tepid Interest in Mobile Payments As Programs Launch
Experts may well have proclaimed 2012 to be the Year of Mobile Payments, what with digital wallets and other product introductions proliferating seemingly by the day, but at least some researchers are starting to ask a key question: Do consumers really want mobile payments? According to preliminary data, the answer …
Read More »Eye on Mobile: Square Enhances Square Register; Isis Enlists Terminal Makers
n Square Inc. kept up the pressure on the traditional merchant-acquiring industry on Monday by introducing a souped-up version of its iPad app for brick-and-mortar merchants called Square Register with enhanced business-management functions. Meanwhile, the Isis mobile-payments venture announced it has struck deals with the major U.S. point-of-sale terminal makers …
Read More »VeriFone Isn’t Losing Sleep Over Competition From Upstart Square
n n Competition from Square? No problem, according to VeriFone Systems Inc. chief executive Douglas G. Bergeron. n “We’ve had competitors for 30 years,” Bergeron said in response to an analyst’s inquiry about how he sees the competitive risk to VeriFone, the leading U.S.-based point-of-sale terminal maker, from Square Inc., …
Read More »Merchant Group Lays Plans for Retailer-Controlled Mobile Payments, With or Without NFC
Dissatisfied with the current crop of mobile-payments systems from tech companies, cell-phone providers, card networks and banks, a group of U.S. retailers is embarking on its own plan to bring smart-phone payments to their customers. The merchants stress that their venture will not necessarily be based on near-field communication (NFC), …
Read More »Home Depot Starts National Rollout of PayPal POS Payments to Almost 2,000 Stores
The Home Depot Inc. on Tuesday started rolling out a point-of-sale payment system that will let customers pay with their PayPal accounts at all of the home-improvement retailer’s almost 2,000 U.S. stores. The rollout comes just seven weeks after the two companies unveiled a five-store pilot in the San Francisco …
Read More »Isis Announces Its First Issuers As It Readies for Two-City Pilot This Summer
In a move that could indicate a thaw in the long cold war between banks and wireless carriers in the mobile-payments business, the carrier-controlled Isis venture on Monday announced a trio of major banks are the first to sign on as issuers on its platform. Indeed, with the Isis wallet …
Read More »Square Tries To Hail a New York Cab Deal
Merchant processor Square Inc. is seeking a piece of the booming payment card business in New York City taxicabs, a market that is currently the exclusive domain of VeriFone Systems Inc. and another company that provide TV content and card acceptance to 13,237 cabs. San Francisco-based Square is proposing to …
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