Digital Transactions Authoritative, insightful and timely information for payments professionals
Samsung Pay, the mobile-payments service from Samsung Electronics Co. Inc., has added 14 Visa-MasterCard payment card issuers. In addition, Verizon Wireless, the holdout mobile carrier that was absent from Samsung Pay’s launch a month ago, is now supporting the service, a Samsung executive said Wednesday. “We’re expanding our ecosystems,” Thomas …
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With Technology from VocaLink And FIS, TCH Sees a Faster Way to Real-Time Payments
With two key announcements this week, The Clearing House Payments Co. LLC has brought the finish line much closer in its run to build a U.S. real-time payments system. While the New York City-based company has not set a date for completion, senior executives told Digital Transactions News Tuesday TCH …
Read More »Chase Unveils Chase Pay, a Mobile Wallet That Will Work at Merchants Accepting CurrentC
JPMorgan Chase & Co. on Monday unveiled its Chase Pay mobile wallet and said the product will begin rolling out in the middle of next year. Chase also said its new wallet will be accepted at merchants belonging to the Merchant Customer Exchange LLC, a retailer-controlled consortium that has been …
Read More »Banking Kingpin Chase Prepares an ‘Aggressive’ Push for Its Own Digital Wallet
Another 800-pound gorilla will soon be promoting a digital wallet, only this time it’s not a technology firm. It’s JPMorgan Chase & Co., a world leader in payment card issuance and merchant acquiring. “We’re launching our own wallet. You’ll be hearing a lot more about it,” Mike Passilla, chief executive …
Read More »Eye on Mobile: How the Phone Is Steadily Taking Over Online And P2P Payments
Two reports released Thursday point up the accelerating rate at which consumers are turning to a mobile device rather than a PC to pay an online merchant or another person. The news comes as major tech players like Apple Inc., Google Inc., PayPal Holdings Inc., and Samsung Electronics Co. Ltd. …
Read More »Why a Regional Bank Is Going With Chip-And-PIN for Its EMV Credit Cards
By Jim Daly They’re few and far between, but another U.S. issuer, regional banking company First Niagara Financial Group Inc., has committed itself to issuing EMV credit cards of the chip-and-PIN variety. Buffalo, N.Y.-based First Niagara announced just before the U.S. EMV liability shift took effect that it will convert …
Read More »Has PayPal Finally Found the Key To Unlock the Point of Sale?
While it’s a major power in e-commerce processing, PayPal Holdings Inc. has struggled translating that success to the physical point of sale, where the bulk of transactions still happen (“PayPal Unchained,” September). Last month, its luck may have changed. The big department-store chain Macy’s Inc. said it would accept PayPal …
Read More »The Next Way To Pay
A study by the Federal Reserve Bank of San Francisco shows cash still represents 40% of retail payments volume. The study found cash is the lowest-total-cost payment medium for a merchant to accept, simply because the fixed cost is pretty much a requirement for a retail store and the variable …
Read More »Intel in Payments
Farhaan Mohideen – Strategist, Mobility and Secure Payment Solutions Intel in Payments Merchants and service providers have to put in far more focus on the experience itself to differentiate their services. The ultimate goal has been to make the experience as invisible, as simple and as seamless as …
Read More »With a Choice, Will Samsung Smart-Phone Owners Choose Samsung Pay?
Samsung Electronics America Inc.’s launch today of Samsung Pay, a mobile-payments service exclusive to its smart phones, could pose a quandary for consumers over whether they should choose Samsung Pay or Android Pay, Google Inc.’s mobile-payment service that wireless operators are loading onto the Android phones they sell. Samsung …
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