A mobile point-of-sale service called Sequoia is promising card-present transaction rates for merchants using it, says developer 1Oak Technologies. n Using technology already inside smart phones, the app then creates an encrypted radio wave that is picked up by the Sequoia receiver attached to the payment terminal. That device creates …

The early fall has brought some encouraging news for those in the e-payments business who despaired of ever seeing widescale merchant adoption of mobile payments in brick-and-mortar outlets. Interestingly, none of the news has to do with near-field communication (NFC), the short-range contactless technology that, five years ago, everyone thought …

By Jim Daly The big merchant acquirer Chase Paymentech Solutions LLC on Tuesday announced a mobile-payments service that includes a reader that plugs into smart phones as part of a broader new service for small businesses called Chase Checkout. After testing the service in five states, Dallas-based Chase Paymentech quietly …

Shelley Plomske Mobile payments and social marketing are creating many new opportunities for small and mid-sized businesses. Here are some key points for merchants as these new technologies and techniques ramp up.This year will be unlike anything ever witnessed in the payments industry. Driven by the global economic crisis, the …

Lackluster adoption has prompted a major research firm to make a sharp downward revision of its five-year projection for mobile payments based on near-field communication (NFC) technology. Worldwide NFC payments volume will reach $22 billion by 2016, down 40% from the original forecast released a year ago, says Gartner Inc. …

  Consumers are paying fewer bills than they were in 2009, but paying more of them online and through mobile devices. Between 2009 and 2011 total consumer bill payments fell from 16.6 billion to 16.1 billion, according to a report released this week by Boston-based Aite Group LLC. The decline …

The Federal Trade Commission is becoming concerned that consumers who use the many emerging mobile-payments services won’t always be protected from fraud and privacy violations. In a staff report released this week entitled “Paper, Plastic or Mobile? An FTC Workshop on Mobile Payments,” the FTC lists a series of recommendations …

Visa Inc. is teaming up with the hot smart-phone manufacturer Samsung Electronics Co. Ltd. to kick-start the market for near-field communication (NFC) payments, and it’s also got a deal with technology provider Roam to develop mobile payments. Under an agreement with South Korea-based Samsung that Visa announced Monday, banks and …

It’s only human nature to be captivated by the new, the emerging, the sensational. In the case of mobile payments, about which we have heard much in recent months, many payments watchers have fallen head over heels for technologies that are not only new, but, shall we say, “cool.” But …

It’s coming sooner for some players than for others. Here’s why—and how to be a survivor.  By John Stewart and Jim Daly If you’re a purveyor of mobile wallets or a vendor of mobile-acceptance gear, you don’t have to be told that you have plenty of company. What’s less clear …