Near-Field Communication (NFC)

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, …

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 …

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 …

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 …

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 …

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 …

American Express Co. is now marketing a set of tokenization, security, and mobile payments services under the AmEx Enabled Digital Solutions moniker. Included in the service is the card brand and acquirer’s digital-wallet platform, near-field communication (NFC) and host card emulation technology, the American Express Token Service, and American Express …

By Kevin Woodward It’s that time of year when shopper impatience tends to flare, especially when scores of consumers are waiting in long checkout lines. According to a new survey from merchant-services provider Harbortouch, many consumers are willing to try something new to alleviate their displeasure with lines. A majority …

By Kevin Woodward With no shortage of mobile-payments options available to users, backers of Android Pay and Samsung Pay are trying to entice consumers by making their services more broadly available and by offering rebates. Institutions using The Members Group, a credit-union service organization, soon will be able to enroll …

By Kevin Woodward None can escape the notoriety of mobile payments, but most consumers apparently are able to ignore the allure of using the smart phone-based technology. Only 18% of consumers use their mobile phones to make at least one payment a week, finds the 2015 North America Consumer Digital …