Mobile Commerce

Working closely with merchants, card issuers, and merchant acquirers to deliver more value through its brand at the point of sale, as opposed to enhancing revenues through price increases, is the road map Visa Inc. laid out Thursday at its Investor Day conference. “We don’t feel we have to raise …

Lackluster adoption has prompted a major research firm to make a sharp downward revision of its five-year projection for mobile payments based on near-field communication (NFC) technology. Worldwide NFC payments volume will reach $22 billion by 2016, down 40% from the original forecast released a year ago, says Gartner Inc. …

  IP Commerce Inc., a 9-year-old Denver-based company that provides platforms for independent software vendors (ISVs) and other payments developers, will discontinue its front-end payment-processing service effective June 30, according to a notice on the home page of the company’s Web site. The company began notifying clients earlier this month, …

  n The purpose of the new “My MBFS” app is to increase customer convenience and continue Mercedes-Benz’s leadership in applying mobile-commerce technology to automobiles, Matt Darrah, manager of B2C digital marketing at Mercedes-Benz n “At Mercedes-Benz Financial Services, we have had this mobile journey, we saw mobile coming in …

The primary reason consumers and small-business owners visit banks is to cash or deposit checks, but mobile capture removes that purpose, says Gary Brand, director of source capture optimization at Fiserv Inc., a Brookfield, Wis.-based vendor of processing technology for financial institutions. “Something’s really happened, all of a sudden [banks …

  The nearly 7-year-old Google Checkout online payment service, once touted as a rival to PayPal, will cease operations in November, Google Inc. announced in a blog post on Monday. In the post, online-search kingpin Google Inc. says it is “retiring” Checkout as part of a “transition to Google Wallet,” …

A plan to expand its footprint in mobile payments by offering white-label applications to merchants is quickly paying dividends for LevelUp, the mobile-payments unit of Boston-based SCVNGR Inc. Washington D.C.-based Sweetgreen, a 17-location chain of organic salad shops, has become the first LevelUp merchant to roll out a branded mobile-payment …

  Google Inc. released a trio of announcements on Wednesday concerning its Google Wallet mobile-payments application, but even taken together these did not add up to the major overhaul of the product that Google promised last fall. Google’s news included: a Wallet-based person-to-person payments service that works with Gmail, Google’s …

  The nascent trend toward tablets as cash-register replacements took several big steps forward this week, as technology players and at least one processor unveiled major promotions, including free transaction processing and other pricing deals, to entice small businesses to adopt mobile payments. On Wednesday, merchant processor Vantiv Inc. launched …

  Google Inc.’s apparent decision to abandon its plan to launch a plastic card as part of its Google Wallet service is yet another sign of how major mobile-wallet players from outside the payments business are struggling to find a winning strategy, sources tell Digital Transactions News. News of the …