News

October, 2014

• 23 October

  Would-Be Apple Pay Users Disappointed When Rite Aid Apparently Turns Off NFC

  By Jim Daly As a complex new technology-based service, Apple Inc.’s Apple Pay was certain to hit some speed bumps after it debuted Oct. 20. Sure enough, reports of glitches surfaced, such as about 1,000 double charges on Apple Pay transactions funded by Bank of America Corp. debit cards. But …
• 22 October

  Eye on E-Commerce: Jumio Debuts M-Commerce Service; Flint Offers Online Payment Service

    Two payment-services companies have separately introduced services designed to make it easier for merchants and consumers to engage in e-commerce and mobile commerce. Payments-and-authentication-services provider Jumio Inc.’s newest service aims to make it easier for consumers to shop using smart phones and tablets. Palo Alto, Calif.-based Jumio says its …
• 20 October

  With New Perkwave App, Harbortouch Leverages Apple Pay for a Pay-at-Table Solution

  With Apple Inc.’s Apple Pay mobile-payments platform launching Monday, many in the payments business are focused on the contactless technology’s potential to change in-store payments behavior. But Apple Pay works within apps, as well, opening up an even wider variety of markets for Apple, including sit-down restaurants. Harbortouch, an Allentown, …
• 20 October

  AmEx Program Aims To Kick-Start EMV Card Acceptance Among Small Businesses

  By Jim Daly Among the many companies President Obama mentioned Friday as he announced that the federal government would be supporting Europay-MasterCard-Visa (EMV) chip-and-PIN card payments in a big way beginning next year was American Express Co. The president disclosed that AmEx was about to launch a $10 million program …
• 20 October

  Apple Pay Works, But It Can’t Speed up Lines of Non-Users

    The big news about my test today of Apple Pay, the contactless payment scheme for use with Apple Inc. smart phones and tablets, is that there was no big news. It worked. Each transaction on the first day of availability went through quickly, with a notification popping up on …
• 17 October

  Obama Uses His Bully Pulpit To Push Cybersecurity—and Endorse PIN-Based EMV

  By Jim Daly President Barack Obama on Friday signed an executive order committing the federal government to offer and accept Europay-MasterCard-Visa- (EMV) chip cards. A retailer trade group quickly praised Obama for endorsing the chip-and-PIN variety of EMV when others in the payment card industry would make do with chip-and-signature …
• 16 October

  Cardtronics’ New Skyscraper ATMs Link a Mobile App With Merchant Rewards

  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 …
• 16 October

  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 …
• 16 October

  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 …
• 15 October

  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 …