The EMV liability shift for fuel dispensers may still be two years away, but some are not waiting to get their EMV-compliant products and services installed in convenience stores and fuel stations. Gas Pos launched a service Wednesday that puts EMV-compliant card readers in fuel dispensers and in stores, all …
Read More »Visa Begins a U.S. Contactless Payments Push Again. This Time the POS Hardware Is in Place
It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the …
Read More »AmEx Experiments To Find the Right Solutions for the Post-Plastic World
American Express Co. formed its Digital Labs unit less than a year ago, and it has plenty to do as it evaluates new payment forms and new ways to attract cardholders and merchants. Digital Labs is concerned with digital payments, digital ways of engaging with cardholders, and research and development, …
Read More »Debit Card Users Take a Liking to Apple Pay And Other Wallets, Pulse’s Annual Survey Finds
More mobile and contactless opportunities may be in the future for debit card issuers. The 2018 Debit Issuer Study from Houston-based Pulse Network, released this week, found 12.2% of debit cards were enrolled in Apple Inc.’s Apple Pay as of January, up from 6.3% in January 2017. Debit card enrollment …
Read More »Eye on Apple Pay: Pay for Parking Time With an Apple Watch Tap; More iPhones With Face ID
Consumers using PayByPhone’s app for paid parking now have another option to extend their parking time. The Volkswagen AG-owned company launched a feature for Apple Watch users to add more parking time directly from the watch without using an iPhone or visiting the meter again. The PayByPhone Apple Watch app shows …
Read More »Global Mobile Contactless Payments To Hit $1 Trillion by 2022, Researcher Predicts
Mobile contactless payments are growing at a nearly 31% compounded annual rate and will exceed $1 trillion worldwide by 2022, according to a new forecast from 451 Research. The prediction is contained 451’s Global Unified Commerce Forecast, which estimates that total online commerce accounts for about 10% of purchases currently, …
Read More »USA Technologies’ Stock Tanks on News of Contract Investigation
Unattended payments provider USA Technologies Inc. lost a third of its value Tuesday morning on news it would delay filing its annual report while its board of directors investigates customer contracts and how business was booked. The company had until Sept. 13 to file its annual report with the Securities …
Read More »A Financial-Industry Standards Body Releases Rules Aimed at Tightening Mobile Security
Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited …
Read More »Google Exec: Google Pay Represents More Than a Rebranding
To outsiders, Google’s mobile-payment services have experienced a few identity crises along the way. But the service now known as Google Pay represents much more than a rebranding, according to Jack Connors, the executive who heads commerce and merchant partnerships at Google, the primary subsidiary of Mountain View, Calif.-based Alphabet …
Read More »At Its Three-Year Mark, Samsung Pay Cites 2,000 Partners And a Billion-Plus Payments
Samsung Pay launched in South Korea three years ago Monday, and on Tuesday Samsung Electronics Co. Ltd. marked the anniversary by releasing some numbers for the mobile-payments platform. Widely known as one of three “Pays” that rely on near-field communication technology for in-store transactions (Apple Pay and Google Pay are …
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