Monday , November 18, 2024

Search Results for: digital wallets

Who’s Afraid of Cryptocurrencies?

Can any of the largest crypto coins evolve into an everyday payment instrument? Here’s what it will take to make that happen. One year ago, there were two digital currencies whose total coins in circulation were worth more than $1 billion. They were Bitcoin, at $19 billion, and Ethereum, at …

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Contactless II

Wave-and-pay flopped when issuers tried it 10 years ago with mag-stripe cards. Now it’s staging a comeback with EMV and mobile payments. The sequel just might be better than the original, but showtime is uncertain. After years of false starts and overenthusiastic hopes, the U.S. just might be about to connect …

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Visa Gets Set for the Next Big EMV Phase—Making Contactless Transactions Routine

With the EMV conversion mostly behind it, the United States is ripe for another big change at the point of sale—adoption of tap-and-go payments, says Visa Inc. With 96% of its payment volume now chip-based, “the next thing we’re focusing on is contactless,” Stephanie Ericksen, the card network’s vice president …

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60% of Consumers Would Make a Voice-Commerce Purchase, a TSYS Survey Finds

A strong majority of consumers—60%—would use an intelligent personal assistant or voice-activated speaker to make a purchase or payment, finds the latest iteration of the TSYS U.S. Consumer Payment Study. The response is notable in because it was less than a year ago that another survey found only 19% of …

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For TCF, It’s Full Speed Ahead With Contactless Payments

With about 18 months of experience with contactless debit cards under its belt, TCF Financial Corp. says it’s all-in for so-called dual-interface cards and mobile payments as the number of U.S. merchant locations accepting contactless payments continues to grow. The Wayzata, Minn.-based company’s TCF Bank began supporting the major mobile …

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A Scan of 35 Popular Crypto Exchanges Exposes Some Alarmingly Weak Password Policies

With digital currencies booming in popularity over the past year or so, the security of the digital exchanges that convert users’ fiat money into cryptocurrencies like Bitcoin is coming into clearer focus—and the picture isn’t consistently pretty, according to a survey released this week. Some popular exchanges allow users to …

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Gap Wants Its Top Suppliers To Ditch Cash Payments to Workers by 2020

Apparel and accessories retailer Gap Inc. wants its leading suppliers to stop paying workers in cash by 2020 and instead pay them digitally. San Francisco-based Gap, which had nearly $16 billion in sales last year and owns the Old Navy, Gap, Banana Republic, and Athleta brands, said this week that …

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Despite Challenges, Travel Companies Forge Ahead on Mobile Payments, a Report Says

More than anything else, customer demographics will drive mobile-commerce strategies for airlines, finds a study from CellPoint Mobile, a mobile-commerce vendor specializing in the travel industry. In the Miami-based company’s “Mobile Outlook 2018 Report” released last week, it found that, among airline payment professionals in the North America, 56% cited …

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WePay Deal Could Put TouchBistro’s POS Service on the Payment Menus of More U.S. Restaurants

Some 12,000 restaurants in 100 countries already use Toronto-based TouchBistro Inc.’s iPad-based point-of-sale software, but a new agreement with JPMorgan Chase & Co.’s WePay subsidiary could put TouchBistro in touch with many more U.S. eateries. TouchBistro and Chase on Tuesday unveiled TouchBistro Payments Powered by WePay, which will launch this …

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Primetime for Amazon Pay

Amazon long ago mastered e-commerce, and now its payments unit is making moves in physical stores and in voice commerce. Will it succeed here as it has online? In the fall of 2009, a certain big company in Seattle launched a service that let consumers authenticate themselves for online purchases …

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Digital Transactions