Digital Transactions Authoritative, insightful and timely information for payments professionals
American Express Co. will step up marketing of its Serve digital payment system early in the third quarter, following encouraging results from a pilot in Eugene, Ore., says David Messenger, executive vice president of online and mobile, American Express. “We’ve done a market test in Eugene and got some …
Read More »PayPal Accuses Google of Poaching To Build Its Mobile-Payments Team
n The first eBay/PayPal executive to go to Google, Stephanie Tilenius, aggressively pursued Osama Bedier, PayPal’s reluctant mobile-payments man, long before her separation agreement permitted her to do so, according to the suit. And Bedier discussed potential employment with Google while simultaneously negotiating a major business deal for PayPal …
Read More »Google Makes It Official: It’s in the NFC Race—with Payments Plus Deals
Google Inc. on Thursday officially entered what is rapidly becoming a highly competitive sweepstakes for dominance in the nascent business of mobile wallets. The Web search giant announced it is working with four partner companies and some 16 retailers to offer consumers a payments-and-rewards system based on its Nexus S …
Read More »Google Venture with Citi And MasterCard Aims at Commercializing NFC
Google Inc.’s announcement concerning its plans for mobile payments and promotions, expected on Thursday, will herald a major effort by the Web search giant and partner companies to commercialize near-field communication (NFC) technology, sources tell Digital Transactions News. “This is not just another [NFC] pilot,” says a source close …
Read More »The New BofA-Wells-Chase P2P Service Courts Potential Partners
The bubbling person-to-person payments market boiled over Wednesday when mega banks Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. announced a joint P2P service dubbed clearXchange. While currently limited to the banks’ customers, clearXchange could be integrated with other P2P systems, and possibly even become …
Read More »AisleBuyer Launches An Upgrade That Combines POS, E-Commerce Shopping
With the traditional lines between e-commerce and the point of sale blurring, a Boston-based startup on Tuesday introduced a mobile wallet that lets consumers shop at multiple stores, both brick-and-mortar and online, and skip past checkout lines. AisleBuyer LLC’s app, which works on iPhones and handsets running Google Inc.’s Android …
Read More »Consumer Interest Makes Mobile Capture a ‘Hot Product,’ New Study Reports
Mobile remote deposit capture is poised for a boom, and when it happens it just might be an opportunity for banks and credit unions to capture fee income that, for payment services at least, so far has mostly eluded them. That’s one of the conclusions in a new Javelin …
Read More »PayPal’s Mobile Plans: POS Payments This Year And $7.5 Billion in Volume by 2013
PayPal Inc. is dropping any pretense of not pursuing point-of-sale payments directly. The eBay Inc. subsidiary now promises that it has new services coming for paying at physical locations using smart phones. Third-party software developers for several years have been designing various apps that have blurred the line between …
Read More »Social Networking Moves to the POS, Bringing with It New Interest in Deals
Marketing via social-network tools, long thought to be a feature primarily of e-commerce, is rapidly moving to the physical point of sale as merchants seek new ways to generate sales and independent sales organizations look for ways to differentiate themselves. This move to the point of sale, meanwhile, has been …
Read More »Visa Announces an E-Wallet for Mobile, E-Commerce, and POS Transactions
n Visa Inc. announced on Wednesday a digital wallet aimed at increasing its share of transactions in mobile payments, e-commerce, and at the point of sale. n The digital wallet will store all the payment cards in a consumer’s wallet, including non-Visa branded cards, Jim McCarthy, Visa's head of global …
Read More »