Digital Transactions Authoritative, insightful and timely information for payments professionals
Ever since Apple Pay emerged in 2014, experts have scratched their heads over the general failure of contactless mobile wallets to catch on faster with U.S. consumers. Now comes research indicating how wallet sponsors might turn things around by focusing on what consumers are most looking for in wallet services …
May, 2018
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4 May
Google Pay Coming to Browsers and other Digital Transactions News briefs from 5/4/18
Google announced that Google Pay users soon will be able to use the service to make purchases within the Chrome, Safari, and Firefox browsers. Once a card has been added to a Google Pay account, users don’t need to re-enter their payment info. If using Chrome, Google Pay can automatically …
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3 May
Evertec Revenue Increases and other Digital Transactions News briefs from 5/3/18
Amazon.com Inc. said Amazon Pay for Alexa Skills is generally available to U.S. merchants and developers. The service enables consumers using Alexa, the voice assistant embedded in Amazon’s Echo devices, to pay for purchases with information already stored in their Amazon accounts. Alexa users grant the merchant’s skill permission to …
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3 May
Square Reports Advances With Larger Merchants And Double-Digit Growth in Key Metrics
Square Inc. reported a strong first quarter late Wednesday, but you wouldn’t know it on Wall Street, where its shares were trading down slightly Thursday morning at just over $47. It closed at $48.70 Wednesday. Despite double-digit increases year-over-year in gross payment volume and net and adjusted revenue, the San …
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2 May
Beyond P2P: As Rival Venmo Moves In-Store, Zelle Eyes a Big Move on Disbursements
Since its official launch last June, Zelle has been all about carving out a healthy piece of the burgeoning person-to-person payments market for financial institutions. Now it’s promoting another service that leverages its network but could prove far more lucrative: disbursements. When companies, associations, or other organizations need to pay …
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2 May
Syncapay Launches and other Digital Transactions News briefs from 5/2/18
Apple Inc. said revenue from its services, which includes Apple Pay, the App Store, Apple Music, and iCloud, surpassed $9 billion in its second quarter, besting by more than $2 billion the total a year ago. “Apple Pay continues its strong growth with active users more than doubling and transactions …
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2 May
The Economic Winds Blow Mastercard’s Way, Lifting Purchase Volumes and Profits
Strong consumer spending and a benign world economy worked in Mastercard Inc.’s favor in the first quarter, lifting the network’s U.S. purchase volume by nearly 11% and profits by over 30%. The No. 2 payment card network by volume on Wednesday reported that U.S. purchase volume rose 11% to $359 …
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1 May
After an Initial Hit, PNC Bank Cuts Its Zelle P2P Fraud
PNC Bank customers like Zelle, but fraudsters liked the person-to-person payments service a little too much after PNC rolled it out last July, according to a bank executive. Paul Trozzo, senior vice president and product group manager, on Tuesday dubbed Zelle “very successful” for the Pittsburgh-based bank, a unit of The …
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1 May
Word-of-Mouth Recommendations Are Failing Mobile-Payments Services
Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …
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1 May
Regulators and Competition Push Banks To Embrace Open APIs, Potentially Changing Payments
With a push from regulators and competitive forces, banks are stepping up their development of application programming interfaces to enhance their payment and other financial services. APIs, which provide links so that disparate software systems, such as those at a bank and a financial-technology company that wants to offer services …
