There wasn’t a Regular Joe in the room, but that didn’t stop a panel of payments professionals Tuesday from probing the consumer psyche to discern why mobile wallets aren’t more popular. As a percentage of point-of-sale transactions, most experts agree that the major general-purpose mobile wallets—Apple Pay, Android Pay, and …
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PayPal Logs a Strong Quarter As Multiple Partnership Deals Start To Kick in
PayPal Holdings Inc. has changed in ways large and small since Dan Schulman took over as chief executive two years ago, but perhaps its biggest change is its willingness to embrace collaboration with financial institutions, payment networks, and others once seen as keen rivals. At least some vindication of that …
Read More »Will Faster Payments Arrive Fast Enough to Give a Helping Hand to Mobile Payments?
Faster payments may be in the offing, according to the Federal Reserve, but that term refers to the speed of clearing and settlement. It doesn’t mean new payments methods will necessarily go mass market any more quickly. Take mobile payments, a form of digital value transfer based on smart phones …
Read More »On a Partnership Tear, PayPal Unveils New Agreements, This Time With Chase And Citi
PayPal Holdings Inc. made it clear on Thursday it isn’t done striking deals with banks and other payments companies. Only days after announcing a major partnership agreement with Samsung Pay, PayPal now says it will work more closely with JPMorgan Chase & Co. and the bank’s Chase Pay wallet. And …
Read More »PayPal Gets a Key Boost at the POS Through a Wide-Ranging Deal With Samsung Pay
In a deal that follows months of partnership agreements with other payments companies, PayPal Holdings Inc. on Monday said its PayPal service will become available as a payment method in Samsung Electronics Co. Ltd.’s Samsung Pay wallet. When it goes live, the link is expected to go a long way …
Read More »Many Consumers Expect Advanced Biometrics in Payments’ Future: Survey
What’s the future of electronic payments? For many consumers, it’s one that incorporates biometrics for authentication and payments, finds a survey from Viewpost IP Holdings LLC, a business-to-business payments provider. In the survey of more than 1,000 U.S. consumers, Viewpost found that 50% believe fingerprint technology—already in use with many …
Read More »Mobile-Wallet Payments Topped 1 Billion by End of 2015, Latest Fed Data Show
Mobile-wallet transactions in the United States grew 333% from 2012 through 2015, albeit on a relatively small base, according to data released Friday by the Federal Reserve. Wallets generated 1.3 billion payments in 2015, the Fed data show, versus 300 million transactions three years earlier. That robust rate of growth …
Read More »Alive And Starting To Kick
As they rapidly evolve, biometric technologies are certain to play a greater role in payment authentication. But, given consumer acceptance and other issues, just how big this role will be is up for debate. With most new developments in payments, there’s a whole lot of talk before any discernible action. …
Read More »Apple Makes an Offers Ploy To Drive Apple Pay Use
By Kevin Woodward@DTPaymentNews Apple Inc. is sponsoring its first known offers promotion for Apple Pay users with deals available June 23-25 in two San Francisco neighborhoods. Dubbed “Lose your wallet” on Apple’s Web site, the promotion includes a percentage off the purchase or a free item with a purchase. The …
Read More »Eye on Acquisitions: Fiserv To Buy Monitise; Pin4 Takes Controlling Stake in HalCash International
By Jim Daly and Kevin Woodward@DTPaymentNews Financial-institution processor Fiserv Inc. reported Tuesday that it plans to buy United Kingdom-based Monitise plc, a faded star of the early mobile-banking and payments era that still has some valuable technology, for £70 million ($89 million) in cash. And HalCash North America, which goes …
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