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Retail ATM network owner and operator Cardtronics Inc. is testing ATMs as tall as nine feet that offer discounts to consumers when they withdraw cash at stores with Cardtronics machines and then make a purchase using a smart-phone app to access the reward. The ATMs and rewards are part of …
Read More »COMMENTARY: How Passbook Positions Apple to Command—Not Just Align With—the Payments Industry
By Rick Oglesby, Double Diamond Payments Research With Apple Pay now confirmed to launch on Monday, we are closer to seeing the impact it will have on mobile-payments acceptance, technologies, and standards. In the meantime, much of the debate concerning Apple Inc.’s payments venture has missed a crucial point. While …
Read More »Apple Pay Goes Live Monday, As Apple, Samsung Join ETA
The date is set. Apple Inc.’s Apple Pay mobile-payment scheme, now with more than 500 banks supporting it, launches Monday, the Cupertino, Calif.-based company announced Thursday. Apple Pay is a payment scheme that has two components. One, available only in the iPhone 6 and 6 Plus, uses a near-field …
Read More »While Smiling on NFC, eBay’s CEO Raises Possibility of PayPal-Apple Pay Link
EBay Inc. chief executive John Donahoe on Wednesday appeared to open a door for PayPal Inc. to serve as a funding source in Apple Inc.’s new Apple Pay mobile-wallet service and to adopt near-field communication to link mobile devices with merchant points of sale. Without saying whether PayPal is actively …
Read More »COMMENTARY: How History Is Repeating Itself With Apple Pay
If you are an issuer of Visa or MasterCard, your deadline for participating in the Apple Pay service set to debut later this month has already passed. It was Tuesday, and issuers didn’t have much time to think about it (let alone perform a technical due diligence or negotiate terms). …
Read More »U.S. Mobile Payments Forecasted to Reach $3.5 Billion in 2014
Making a mobile payment is not commonplace yet, but the trend is heading that way, at least if a forecast from research firm eMarketer Inc. holds true. Mobile payments in the United States in 2014 are predicted to reach $3.5 billion, more than double the 2013 figure of $1.59 …
Read More »Heartland CEO Predicts Apple Pay Will Force MCX To Abandon Mobile-Wallet Exclusivity
Never one to mince words, Bob Carr, chief executive of the big merchant acquirer Heartland Payment Systems Inc., predicts that demand for Apple Inc.’s new Apple Pay mobile-payment service will force the retailer-controlled Merchant Customer Exchange (MCX) to abandon a policy of requiring its members to accept only MCX’s CurrentC …
Read More »Clover Adding Apple Pay Contactless And In-App Capabilities to Its POS System
Clover Network Inc., maker of the Clover tablet-based point-of-sale system, will be ready to accept Apple Pay contactless payment and in-app transactions when the scheme is released some time this month. That’s the word from Leonard Speiser, Clover co-founder and president. The Clover POS system will be able to …
Read More »In an About Face, eBay Announces It Will Spin off PayPal Next Year
Somewhere, Carl Icahn is smiling. Ebay Inc.’s top management announced early Tuesday that the online auction pioneer is beginning preparations to spin off its PayPal Inc. unit some time in the second half of next year in a transaction that will result in eBay and PayPal operating as two independent, …
Read More »MCX’s InComm Deal Might Give Currency To the Idea That Its Network Is Building Momentum
Prepaid card services provider InComm Holdings Inc. announced today that it has struck a “strategic partnership” with Merchant Customer Exchange (MCX), parent firm of the fledgling mobile-payments network owned by merchants and recently branded as CurrentC. But exactly what the partnership will do for the long-aborning MCX is not clear. …
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