While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …

Digital wallets are taking on new meaning as merchants grapple with how to stay relevant with consumers’ preferred ways to pay. With the total number of digital-wallet users expected to exceed 5.2 billion globally by 2026, wallets benefit consumers and merchants alike, offering swift payments and convenience that expedite the …

Paysafe Ltd. early Wednesday reported progress in turning around its beleaguered digital-wallet business, noting a crucial deal with the world’s largest cryptocurrency exchange and progress in its key iGaming market. As part of an effort to reinvigorate its wallets, “We’re starting to work with crypto exchanges” more actively, Philip McHugh, …

Quick Response codes are one of the many payment options to flourish as consumers embrace digital and contactless payments in the wake of the Covid-19 pandemic, says a report from Blackhawk Network Inc.  Of the 13,000 respondents surveyed across nine countries representing nearly half of the world’s card-payment volume, 18% …

Digital solutions for very small payments were a hot topic a decade ago, but now the subject is making a comeback in the publishing business, where a slide in print advertising and other revenue sources is pushing publishers to seek new business in digital access. This week, Piano Software Inc., …

PayPal Holdings Inc. on Wednesday sued the Consumer Financial Protection Bureau alleging the regulatory agency’s 8-month-old prepaid rule represents a “category error” and a violation of the First Amendment, and should be vacated by the court. The lawsuit, filed in the U.S. District Court for the District of Columbia, charges …

PayPal remains by far the most popular digital wallet with U.S. consumers, but Apple Pay has gained the most since 2017’s third quarter, according to recent findings from technology research firm 451 Research. New York City-based 451’s Voice of the Connected Consumer survey asks consumers about their usage of 15 …

Though digital-wallet adoption among consumers may have paused this year, merchants continue to prep for the electronic payment, according to “The Next Phase of Digital Wallet Adoption,” a report commissioned by JPMorgan Chase & Co. Conducted by Forrester Consulting, a unit of Forrester Research Inc., the report found the fraction …

By Jim Daly@DTPayment News Nearly two years and thousands of comments after issuing its draft regulation, the Consumer Financial Protection Bureau issued its long-awaited final prepaid card rule Wednesday. The 1,689-page document, almost double the size of the draft rule the CFPB issued in November 2014, largely follows what the …