Apple Inc.’s Apple Pay service continues to roll out in foreign countries, so much so that 75% of its transaction volume is coming from abroad, according to Apple’s chief financial officer. Apple Pay, which uses near-field communication technology for contactless payments with the iPhone and Apple Watch wearable device, was …
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Mobile-payments specialist xPressTap Inc. launched its Tap2App product that enables merchants to accept contactless card payments wirelessly using a near-field communication-equipped mobile device. American Express Co. said it now provides an integrated service to MineralTree, an accounts-payable service, to ease business-to-business payments. Payments provider Integrity Payment Systems announced a partnership with Operation First Response, a …
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PayPal Holdings Inc. has changed in ways large and small since Dan Schulman took over as chief executive two years ago, but perhaps its biggest change is its willingness to embrace collaboration with financial institutions, payment networks, and others once seen as keen rivals. At least some vindication of that …
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Faster payments may be in the offing, according to the Federal Reserve, but that term refers to the speed of clearing and settlement. It doesn’t mean new payments methods will necessarily go mass market any more quickly. Take mobile payments, a form of digital value transfer based on smart phones …
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Retailer J.C. Penney Co. Inc. announced it now accepts Apple Pay in its stores. The Penney store card will be available for use with Apple Pay, enabling cardholders to earn shopping points through JCPenney Rewards, the store’s loyalty program. Merchant processor Vantiv Inc. announced it has been selected by Columbia Bank, Tacoma, Wash., to provide …
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PayPal Holdings Inc. made it clear on Thursday it isn’t done striking deals with banks and other payments companies. Only days after announcing a major partnership agreement with Samsung Pay, PayPal now says it will work more closely with JPMorgan Chase & Co. and the bank’s Chase Pay wallet. And …
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Mastercard Inc. is expanding the options for merchants and consumers who want to use Quick Response codes for mobile payments. The expansion of Masterpass QR, announced Wednesday, will enable a merchant to scan a QR code generated and displayed on a consumer’s smart phone and process the payment through the …
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In a deal that follows months of partnership agreements with other payments companies, PayPal Holdings Inc. on Monday said its PayPal service will become available as a payment method in Samsung Electronics Co. Ltd.’s Samsung Pay wallet. When it goes live, the link is expected to go a long way …
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Gulf Pay, the mobile payment app from Gulf Oil L.P., is offering consumers who link their Discover cards to the app a 15-cents per gallon discount through Oct. 15. The promotion, announced Thursday, is valid at participating stations in New England and New York. Gulf Oil announced Gulf Pay in …
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Mobile-wallet transactions in the United States grew 333% from 2012 through 2015, albeit on a relatively small base, according to data released Friday by the Federal Reserve. Wallets generated 1.3 billion payments in 2015, the Fed data show, versus 300 million transactions three years earlier. That robust rate of growth …
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