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When it comes to general-purpose mobile payments, PayPal Inc. is far and away the leader, having posted $46 billion in mobile charge volume last year. But recently, the mobile-payments spotlight has been trained on Apple Inc. with its new Apple Pay service, Google Inc. and the suddenly brightening prospects for …
Read More »Using Apple And Samsung Biometric ID, Sekur Me Bids To Hike Mobile Conversion
A new service that integrates Apple Inc.’s Touch ID and Samsung’s fingerprint-recognition technology into a single mobile-payments app says it can help boost conversion, and ease shopping-cart abandonment, for mobile-commerce retailers. Santa Ana, Calif.-based Sekur Me Inc. uses the biometric sensors in Apple and Samsung smart phones to authenticate the …
Read More »With Its Softcard Deal, Google Cements Carrier Support And Turns up Heat on Apple Pay
When Google Inc. launched its Google Wallet mobile-payments service nearly four years ago, it quickly ran into a formidable obstacle: three major mobile carriers, including two of the nation’s largest, wouldn’t let Google Wallet work on their phones. Now Google has finally found a solution, and it’s one that could …
Read More »Many Questions Hang Over Samsung’s LoopPay Deal And What Will Come Next
There’s a simple reason why Samsung Electronics America Inc. bought LoopPay Inc.: It wants a “truly digital wallet.” That’s the reason given by David Eun, Samsung executive vice president and head of the mega-corporation’s investment unit, Samsung Global Innovation Center. “We have a shared vision to inspire users to transition …
Read More »Visa Expands Checkout Availability; Says User Base Climbs to More Than 3 Million
Visa Inc. on Thursday said it is expanding the availability of its Visa Checkout online and mobile wallet to 13 more nations beyond the three original ones. Starting today, consumers in Argentina, Chile, Peru, Mexico, New Zealand, South Africa, and China can use Visa Checkout to pay for purchases on …
Read More »Samsung Buys LoopPay, a Key Building Block for a Samsung M-Payments Service
LoopPay Inc., the mobile payments company that relies on magnetic fields to connect devices to point-of-sale terminals, has a new owner: Samsung Electronics America Inc. The deal, announced in an email to LoopPay users, all but confirms that smart-phone maker Samsung has plans to launch what has been a much-rumored …
Read More »Once They Use It, Consumers Favor NFC Over QR Codes, NFC Forum Survey Says
More consumers are satisfied using near-field communications (NFC) technology with their smart phones than express the same satisfaction using Quick Response codes, finds a survey by Strategy Analytics Inc., a Boston-based consulting firm. In the survey, commissioned by NFC advocate group NFC Forum, 76% of consumers said they were satisfied …
Read More »COMMENTARY: Ignore the Naysayers! Here’s Why Apple Pay Will Be a Winner
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 …
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