Digital Transactions Authoritative, insightful and timely information for payments professionals
Here’s a resolution that the payments industry should consider: Stop doubting market capabilities and start anticipating currents within the technological wave. With the unveiling of Apple Pay, naysayers are already coming out in full force. However, I’ve spent considerable time in the card-not-present environment, giving me a unique perspective on …
Read More »It’s Quieter Than Starbucks, But Cumberland’s Mobile App Is Ringing up Results, Too
Gasoline retailer Cumberland Farms, which operates nearly 600 stores in eight Northeastern states, is proving you don’t have to sell fancy coffee concoctions to generate impressive results with a mobile app. The program, which Cumberland calls SmartPay, enrolled 100,000 customers in the first 45 days after its 2013 launch—a response …
Read More »It’s Not the Only Factor, But Security Looms Large as Consumers Eye Mobile Payments: Survey
Despite all of the hype about mobile payments, consumer concerns about security, convenience and where they can use smart phones have yet to be addressed, finds a survey from The 451 Group. Of the more than 4,100 North American consumers polled in December, 84% cited security as the top …
Read More »No Argument Here: Younger Consumers More Likely To Use Mobile Wallets
Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …
Read More »As Apple Closes in on Samsung, the Rivals Get Set to Lock Horns in M-Payments
With Apple Inc.’s record results in the fourth quarter, the computer giant appears to be closing in on long-time rival Samsung for dominance in the crucial worldwide smart-phone market. Meanwhile, Samsung is working to catch up with Apple Pay, the highly publicized mobile-payments service Apple launched in October. For now, …
Read More »Apple CEO Pronounces Apple Pay’s ‘First Inning’ a Success, but Gives Few Details
Apple Inc. chief executive Tim Cook said Tuesday afternoon that Apple’s new Apple Pay mobile-payment service is doing well three months after its launch, but he gave few details during the company’s latest quarterly earnings call. “Apple Pay is off to a very strong start,” Cook said in his opening …
Read More »C-Store Chain Wawa Debuts a Mobile Payments And Rewards App
Starbucks Corp. has proven that consumer apps for buying coffee are becoming more popular, and now convenience stores have joined in with c-store chain Wawa Inc. launching its mobile-payments and rewards app. To use the payment function of the Wawa app, which is available for iOS and Android smart …
Read More »Inexperience Plus Product Restrictions Likely Killed Amazon Wallet, Analysts Say
The newness of mobile payments likely was a contributing factor to Amazon.com Inc.’s decision this week to pull the plug on its six-month-old Amazon Wallet. That’s the theory suggested by Brian Kilcourse, managing partner at RSR Research LLC, a Miami-based retail advisory firm. Amazon.com launched Amazon Wallet in July, selling …
Read More »Banks and Credit Unions Continue To Sign Up for Apple Pay
The number of banks and credit unions that support Apple Pay, Apple Inc.’s mobile payment scheme, continues to grow with the First National Bank of Pennsylvania among the latest to join the list. The bank, a unit of Pittsburgh-based F.N.B. Corp., says its debit card users now can use the …
Read More »Eye on Apple: Watch’s PIN Protection; Grocer Adds Apple Pay at Checkout
Apple Inc.’s much anticipated Watch, which includes a near-field communication (NFC) chip for making contactless payments, will be protected by a four-digit PIN, reports Australian Web site CSO. Apple Watch users will need to enter the passcode to use Apple Pay on the watch, the site says. It remains unclear …
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