Digital Transactions Authoritative, insightful and timely information for payments professionals
Visa Inc. on Wednesday said eight merchant acquirers and e-commerce platform providers will be rolling out the 1-month-old Visa Checkout online and mobile payment service. With three platform providers already offering the service, up to 4 million U.S. online merchants will be able use Visa Checkout, Visa claims. The acquirers …
Read More »Search Results for: digital wallets
Future U.S. EMV Card Shipments Could Garner A Larger Share: Report
Shipments of smart cards capable of payments that adhere to the Europay-MasterCard-Visa (EMV) standard are expected to be six times greater in 2014 than in 2013 in the United States, says a new report from ABI Research. That total, forecast to be 154 million this year, is not a …
Read More »Annual Wallet Payments Total More Than a Quarter Billion, According to Updated Fed Study
Transactions using mobile wallets totaled at least 250.6 million and amounted to at least $9.5 billion in value in 2012, according to a payments report issued Thursday by the Federal Reserve. These results, part of a comprehensive update to a study released in December, represent the central bank’s first effort …
Read More »Tokenization Plays the Central Role in Visa’s New Cloud Payment Suite
Visa Inc. moved on Thursday to commercialize mobile payments using cloud-based near-field communication technology with its release of Visa Cloud Payment Solutions. A related development, the announcement of the upcoming debut of a tokenization service, is aimed at locking down cloud-based NFC and other digital payments. The new services include …
Read More »Spurning Publicity, Amazon Launches a Mobile Wallet with Modest Features—So Far
Without fanfare, Amazon.com Inc. last week introduced a trial version of its first digital wallet. The free Android app, known as Amazon Wallet, has been available since July 17 on Amazon’s own App Store and on Google Play. It is also available pre-installed on Amazon’s recently unveiled smart phone, the …
Read More »ACI To Expand Its Fraud-Protection Services Menu Through Its Acquisition of ReD
After beefing up its bill-payment services through two acquisitions in 2013, ACI Worldwide Inc. is now turning its attention to fraud prevention. The Naples, Fla.-based payments-software firm on Monday announced that it plans to buy prominent e-commerce fraud-detection and prevention services provider Retail Decisions Plc (ReD) for $205 million in …
Read More »Visa Revamps Its Online Wallet, And Gives It a New Name: Visa Checkout
Visa Inc. says its new online payment service, Visa Checkout, should help improve conversion rates for e-commerce retailers by making it easier for consumers to pay. The service, available in the United States, Canada and Australia, enables consumers to pay online on any device, Visa says. Visa Checkout replaces the …
Read More »Reaching 70% Penetration, Smart Phones Cement Place As Rapidly Adopted Technology
Virtually non-existent seven years ago, the smart phone is steadily establishing its place as perhaps the most rapidly adopted consumer electronic device in U.S. history. Some 70% of U.S. mobile subscribers—or 169 million people—owned one by the end of May, up from 66% just since February, according to the latest …
Read More »Spurred by Fraud and Fear, Debit Card Issuers Cast Aside Their EMV Reservations
Nothing like a good data breach to serve as a kick in the pants. Thanks in part to Target Corp.’s breach that compromised 40 million payment cards, debit card issuers are committing themselves to the Europay-MasterCard-Visa (EMV) chip card standard to a much greater extent than they did a year …
Read More »Opening Its Developer Platform, SimplyTapp Seeks to Ease Cloud-Based NFC for Issuers
The startup that popularized a cloud-based approach to mobile payments using near-field communication (NFC) on Monday opened to card issuers and mobile-application providers a developer platform that could make it cheaper and easier to include digital cards in mobile apps. The platform, from Austin, Texas-based SimplyTapp Inc., offers tools specific …
Read More »