Carrier billing as an e-commerce and mobile-commerce payment option is poised to expand significantly beyond the mobile phone realm when Microsoft Corp. releases Windows 10 later this year. And carrier-billing specialist Boku Inc. says direct carrier billing is a payment option for apps and digital content available from Google …
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Execs’ Confidence in the Security of New Payments Systems Runs Low: Survey
Confidence in the security of new payments systems is not high among businesses executives, finds the “Data Security in the Evolving Payments Ecosystem” report released Monday by the Ponemon Institute LLC. In the report, commissioned by Experian, 36% of respondents said they are not confident about the security of a …
Read More »Mobile Wallet Wars: Part One Big-Time Gladiators in the Arena
Five big players are slugging it out to win what has proven to be all-too-elusive: consumer and merchant adoption. Here’s a close look at the Big 5’s strengths and weaknesses. (Editor’s Note: This is the first part of a two-part examination of the current landscape for mobile payments. Look for …
Read More »Heartland Preps Merchants for EMV As CEO Carr Cites Small-Seller Challenges
The message about EMV and its payment-processing benefits is not sinking in with smaller merchants. That’s the assessment from Heartland Payment Systems Inc.’s chief executive Robert O. Carr, who says Heartland is responding by offering all-in-one security technology that includes but goes beyond EMV. “Well, resonating would be an overstatement,” …
Read More »So, Where’s the User?
The Gimlet Eye Mobility’s importance in payments these days grows apace. No sooner were we getting used to paying in-app and in-store on smart phones than so-called wearables came along with payments capability built in. Apple began shipping its smart watch last month with Apple Pay functionality, and American Express …
Read More »Next Stop: Algorithmic Shopping
Security Notes Shopping is an emotional experience. Shops lure us, play us, and make us shop and pay against any and all rationality. Only now, technology is about to redress that imbalance. The biggest impact will be felt by ordinary commodities. No one gets overly excited about buying eggs or …
Read More »Visa’s Scharf Stresses ‘Unique’ Benefits of Costco Deal, Decries Industry ‘Gossip’
Visa Inc.’s branding and marketing strengths were what won Costco Wholesale Corp. over from American Express Co. in a set of exclusive acceptance and cobrand agreements announced early in March, according to Visa chief executive Charles W. Scharf, who spoke Thursday afternoon during a conference call to discuss Visa’s results …
Read More »It’s Mooney in, Davidson out As MCX Picks a New CEO Ahead of Expected Launch
Brian V. Mooney, who on Tuesday took over as interim chief executive of the retailer-controlled Merchant Customer Exchange LLC payments consortium, brings strengths to the organization that could prove valuable when MCX at last launches its long-awaited CurrentC mobile-payments system, sources tell Digital Transactions News. And, by some accounts, he …
Read More »MCX Stalwart Best Buy Gives Apple Pay a Boost As Apple Records Strong Quarter
Apple Inc.’s Apple Pay mobile-payments service will be accepted by electronics giant Best Buy Co. Inc., first for in-app purchases and then, later this year, in all of its 1,050 U.S. stores, Apple chief executive Tim Cook said Monday. Cook also announced that some 50 hospitals have agreed to accept …
Read More »Costco Gets a Lift by Adding Card Acceptance to Food Courts
By Jim Daly Warehouse retailer Costco Wholesale Corp. has been in the news recently because it is replacing American Express Co. with Visa Inc. and Citigroup Inc. as its major-brand payment card partners. But a little-noticed change in its U.S. stores’ food courts shows what can happen when a retailer adds …
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