Digital Transactions Authoritative, insightful and timely information for payments professionals
In the past 12 months, 51% of consumers purchased a physical good using a mobile phone, the highest percentage in five years, potentially signaling a greater propensity for consumer adoption of mobile wallets, according to a new report from Javelin Strategy & Research. That is up from 45% in …
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MCX Chief Davidson Strikes Defiant Tone While Touting Benefits of CurrentC’s Wallet
By John Stewart Merchant Customer Exchange LLC (MCX) has launched its CurrentC mobile-payment service with “thousands” of consumers in “several American cities,” the program’s chief executive said on Wednesday. The “consumers,” employees of retailers that make up the Needham, Mass.-based MCX consortium, are part of a pilot for the fledgling …
Read More »CPI, Sequent Pair Up on NFC Provisioning Service for Banks
CPI Card Group is working with digital issuance and wallet platform provider Sequent Software Inc. on CPIMobile, a service to deliver secure digital credentials to near-field communication (NFC)-compatible smart phones. CPI announced Monday. NFC is a two-way protocol that enables mobile devices to share data in a secure environment. CPIMobile …
Read More »Don’t Write off POS Terminals Just Yet
The Gimlet Eye The rapid emergence of mobile devices and mobile apps in retail settings has led some observers of the payments business to predict the near-term demise of the humble point-of-sale payments terminal. We demur, for reasons we lay out in our story “POS Terminals Have a Future, And …
Read More »A Post-PayPal eBay Can Stock up on E-Payments
One implication of the breakup of PayPal Inc. and its parent company eBay Inc., announced by eBay at the end of September and planned for next year, is that eBay will likely be free to add a slew of alternative-payment methods for sellers to accept on its online marketplaces. For …
Read More »How About Apple eCash Pay?
Security Notes If Apple Inc. attached a rolled-up dog leash to its iPhone 6, a majority of dog owners would abandon their old leash and phone-walk their dog—just because it is Apple. So no matter what pundits write about the new Apple Pay mobile-payments service, it will fly high. Conceptually …
Read More »The 10 Most Pressing Issues in E-Payments: 2014
With non-stop data breaches and the coming of EMV chip cards, virtual currency, and mobile wallets, payments seemed to be all over the news in 2014. Here’s our annual review of the top issues in electronic payments. They all defy a soundbite solution. Heading toward its close, 2014 seemed to …
Read More »With Its McDonald’s Deal, Softcard Gains More Access to Everyday Spend for its NFC Wallet
While Apple Inc.’s Apple Pay mobile wallet has been grabbing the headlines, the telco-controlled Softcard mobile-payments service this week lined up another major fast-food chain. Consumers now can use their Softcard mobile wallets to pay for purchases at U.S. McDonald’s locations. Formerly known as Isis, Softcard is a smart …
Read More »Theft of Users’ Email Addresses Overshadows MCX’s Attempt To Blunt ‘Misinformed’ Comment
By Jim Daly and Kevin Woodward Just hours after Merchant Customer Exchange LLC (MCX), the retailer-backed developer of the CurrentC mobile-payments service, posted a response to reports about some of its members dumping Apple Inc.’s rival Apple Pay service, the company notified customers that “unauthorized third parties” had obtained email …
Read More »MCX Implies Its Ready To Accept General-Purpose Cards, but Questions Remain
By Jim Daly Attempting to do damage control in the wake of an email hack and unfavorable publicity about retailers who want to accept other mobile wallets, the chief executive of the retailer-sponsored Merchant Customer Exchange LLC (MCX) mobile-payments service said Wednesday that MCX is working with general-purpose credit card …
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