By Kevin Woodward@DTPaymentNews Mobile-wallet adoption might get a boost through the rest of 2016 as 29% of consumers expect to use a mobile wallet like Apple Pay, Android Pay, or Samsung Pay before the end of the year, finds a survey from Computer Services Inc., a financial-technology company. Most—71%—had no …

By Jim Daly@DTPaymentNews Partly because of a big increase in skimming, debit card fraud rates jumped in 2015 on both signature and PIN-based point-of-sale transactions, according to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic funds transfer network. The overall fraud-loss rate on PIN POS transactions …

By John Stewart @DTPaymentNews When Visa Inc. and MasterCard Inc. demonstrated their merchant frustration with lengthy certification logjams. The Quick Chip and M/Chip Fast code is available at no cost, and American Express Co. and Discover Financial Services are also offering variants of it. How many merchants will adopt the …

By Kevin Woodward@DTPaymentNews Consumers using near-field communication (NFC)-enabled payment cards and smart phones enabled with mobile wallets soon will be able to use them to pay for transit rides operated by the Miami-Dade County’s Department of Transportation and Public Works, Cubic Corp. recently announced. The contract is valued at $33 …

Few observers are surprised big banks like Capital One Financial Corp., JPMorgan Chase & Co., and Wells Fargo & Co. are getting into the mobile-wallet market, but what about smaller financial institutions like credit unions and community banks? While some might figure the small players will fall into the arms …

For years, PayPal Holdings Inc. has struggled to bring its popular online payment product to the physical point of sale, and now a deal announced Thursday with Visa Inc. may help the company finally realize that ambition. The sweeping, multiyear agreement could also represent a thaw in what have often …

A majority of Americans—62%—believe credit and debit cards and other electronic payments will replace cash in their lifetimes, finds a recent Gallup Inc. poll. But that doesn’t mean cash will disappear any time soon, experts say. Of the more than 1,000 consumers surveyed, only 11% said it is very unlikely and …

The failure of Suretap Wallet L.P., the Canadian mobile-payments service controlled by five telecommunications companies, raises further questions about the role, if any, telcos will play in this business, experts tell Digital Transactions News. Suretap, which announced Friday it will shut down effective Aug. 26 after barely more than a …

MasterCard Inc. on Thursday rolled out a revamped Masterpass digital wallet it clearly hopes will out-compete offerings from technology titans like Alphabet Inc., Apple Inc., and Samsung Electronics Co. Ltd., all of which have come into the market since Masterpass’s capability the original wallet had at its launch, though it …

Despite the hoopla surrounding EMV acceptance, and the constant promotions from acquirers and payments providers touting EMV-capable equipment, at least one acquirer, Square Inc., continues to believe there is a market for magnetic-stripe readers. A direct-mail piece from Square mailed late last week touts its magnetic-stripe reader along with its …