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How many point-of-sale terminals have to be enabled for near-field communication (NFC) before the technology becomes a must-have experience for consumers in stores? In the U.S., at least, the answer is 35% of the installed base, according to Osama Bedier, president of Poynt Co., a Palo Alto, Calif.-based startup that …
Read More »Apple Pay Survey Shows Flat-Lining Adoption and Usage, but Most Users Like It
A new study of smart-phone users shows awareness and usage of Apple Pay is slightly down from last spring, providing yet more evidence that the much-touted mobile-payments service from Apple Inc. hasn’t set the world on fire. On the plus side, the December survey of 1,279 consumers for First Annapolis …
Read More »Samsung Pay Aims at Commerce Tools for Merchants And a Reseller Program for Acquirers
Samsung Pay, the mobile wallet that uses near-field communication (NFC) and magnetic secure transmission (MST) technology, is developing a set of simple tools merchants can use to create offers and manage loyalty programs. The tools should be available this year. That’s the word from Will Graylin, global co-general manager of …
Read More »The In-App Channel Is Vital For Apple Pay, But Activity Overall Remains Weak
The crucial role in-app payment plays in mobile-wallet usage emerged in high relief Monday in a report showing that almost one-third of all Apple Pay credit card transactions made in the last five months by surveyed consumers occurred within a merchant app rather than in a store. Over the same …
Read More »Mobile Wallets ‘Off to a Strong Start,’ But Backers Must Work Harder at Education
In the face of reports of generally mediocre mobile-wallet usage, a report issued this week indicates the picture may brighten soon. Thirty-nine percent of consumers have used a mobile-payments service in a store within the past year, and 73% of these have done so just within the past three months, …
Read More »Wall Street Gave a Thumbs Up to Payments Companies in 2015
It was a lousy December for payment stocks, but 2015 as a whole saw shares of electronic transaction processors far outperform the major market indexes, according to a new report from Chicago-based investment firm Barrington Research Associates Inc. Shares of 28 payments companies posted a mean return of 11.47% last …
Read More »Groceries, Drug Stores, C-Stores Yawn at Mobile Payments, Focus on E-Commerce
By John Stewart What kind of technology are grocery stores, drug stores, and convenience stores most interested in? Not mobile payments, at least not right now. That’s the conclusion of the Los Angeles-based Center for Advancing Retail & Technology LLC, which operates an online marketplace of retail solutions for merchants …
Read More »Of Two Minds on EMV: Consumers Like the Security, but Many Are Annoyed at Checkout
New findings about the public’s attitudes toward EMV chip cards and their disruptive potential show consumers appreciate the improved security over magnetic-stripe card payments. Still, many consumers are bothered by the new transaction processes, enough so that some will avoid stores where they know they have to insert a chip …
Read More »Holiday Spending May Feature More Debit And Cash. Mobile Payments? Not So Much
By John Stewart The annual holiday-spending frenzy is about to kick off, and if a consumer survey released on Monday is any indication, it will feature a lot more debit card and cash usage and a lot less mobile payment than you might have expected. Some 39% of consumers intend …
Read More »Cinnabon Adding Revel Systems POS Tablets With EMV And Apple Pay Acceptance
Treat retailer Cinnabon is installing iPad-based point-of-sale systems made by Revel Systems Inc. in anticipation of the EMV migration. The devices also will enable Apple Pay acceptance, Revel Systems announced Wednesday. In addition to EMV and mag-stripe cards, Revel Systems devices also accept near-field communication (NFC) payments made with Apple …
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