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• Payment gateway Shift4 Corp., which claims to have introduced in 2005 the first payment-data tokenization solution, announced it has surpassed the 7-billion mark in tokenized transactions. • The NFC Forum announced it has made available a newly adopted and four candidate technical specifications for near-field communication. The adopted specification …
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Eye on Mobile Payments: Chase Pay Snags Phillips 66; Report Decries Wallets’ Value Void
JPMorgan Chase Co.’s Chase Pay mobile wallet, probably the most ambitious bank-operated U.S. mobile-payments service, on Wednesday announced it has signed up Phillips 66 Co., which sells gasoline under the Phillips 66, Conoco, and 76 brands, and will accept Chase Pay at its pumps and in its stores. No date …
Read More »Wendy’s Data Breach Affected 1,000 Locations and other Digital Transactions News briefs
• A payment card data breach reported in May by the hamburger chain Wendy’s Co. was much more extensive than originally thought, the company said Thursday, according to Reuters. Wendy’s now says the breach affected approximately 1,025 stores, or about 18% of the company’s U.S. and Canadian units. In May, …
Read More »Visa Closes its Visa Europe Acquisition and other Digital Transactions News briefs
• Banking and financial-services provider BNY Mellon announced its Treasury Services unit has introduced Tokenized Payments, a service that allows its clients to send real-time or next-day payments to consumers. The service relies on Early Warning Services LLC’s clearXchange network and allows payments using the recipient’s email address or mobile …
Read More »ExxonMobil Brings Apple Pay to the Pump
Apple Pay pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release last month of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay within the app for fuel at the pump. The app is available for Android devices. It …
Read More »ExxonMobil’s Speedpass+ App Enables Apple Pay Transactions at the Pump
Apple Pay has pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release Tuesday of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay for gas within the app. The app also is available for Android devices. It also works …
Read More »Smart Phones Increase Dominant Grip on Mobile Payments, Adyen Report Shows
Smart phones continue to dominate mobile payments made by consumers, garnering 64.1% of all such mobile transactions in the second quarter of 2015, reports the Adyen Mobile Payments Index. That’s an increase from 61.8% in the first quarter, and handily bests mobile transactions made with tablets. The use of tablets …
Read More »Google’s Android Pay Debuts as an Apple Pay Fighter While Wallet Takes a Back Seat
Google Inc. is betting its latest mobile payments incarnation—Android Pay—will work better than Google Wallet did. Announced Thursday at Google I/O, its developer conference, Android Pay is poised to compete directly against Apple Inc.’s Apple Pay, PayPal Inc., and the upcoming Samsung Pay for a piece of the burgeoning mobile-payments …
Read More »The ACH Adds Some Octane to a Retailer’s Mobile App
A gas-station and convenience-store chain is proving you don’t have to sell fancy coffee concoctions to generate impressive results with a mobile app. The program called SmartPay from Cumberland Farms, which operates nearly 600 stores in eight Northeastern states, enrolled 100,000 customers in the first 45 days after its 2013 …
Read More »It’s Quieter Than Starbucks, But Cumberland’s Mobile App Is Ringing up Results, Too
Gasoline retailer Cumberland Farms, which operates nearly 600 stores in eight Northeastern states, is proving you don’t have to sell fancy coffee concoctions to generate impressive results with a mobile app. The program, which Cumberland calls SmartPay, enrolled 100,000 customers in the first 45 days after its 2013 launch—a response …
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