By John Stewart Why won’t Verizon Wireless make nice with Samsung Pay? With the U.S. debut of Samsung Electronics Co. Ltd.’s mobile-payments service just a few days away—and a national launch of Samsung Pay due Sept. 28—all the major mobile network operators have signed on to support the service with …
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Infinite Peripherals Rides the mPOS Wave With Add-on Devices for Larger Retailers
By John Stewart At Infinite Peripherals Inc., there’s nothing peripheral about the mobile point of sale. The Elk Grove Village, Ill.-based company, whose stock in trade is not the mobile device but just about anything that can be connected to it, is growing rapidly in tandem with the soaring popularity …
Read More »COMMENTARY: Tokenization, Misinformation, and the Benefits of Host Card Emulation
Tokenization is not a new concept. Yet, while the process has improved card security across a variety of industries, there still exists myriad misinformation about why it’s important and how to best implement it. I’m going to argue that an approach called host card emulation (HCE) is the safest and …
Read More »MyCheck’s Mobile App Climbs in the Tech Race, Adds Twin Peaks as a User
The MyCheck mobile app is gaining some ground in a crowded field of applications that enable consumers to order and pay restaurant tabs. New York City-based MyCheck LLC announced Thursday that the 68-location Twin Peaks restaurant chain will offer its iOS and Android white-label app to customers for payments and …
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 »Mobile Wallet Relies on ACH for Lower Merchant Fees
A mobile wallet that uses the automated clearing house network to provide merchants with low acceptance costs is in tests with Team One Credit Union in Saginaw, Mich. MShift Inc., of Newark, Calif., is the developer of the mobile wallet it calls AnyWhereMobile. The app is integrated into Team One’s …
Read More »Wearables Users More Likely to Use Digital Banking And Mobile Wallets, Research Says
Apple Inc. and American Express Co. may be catching a wave. Users of wearable technology like fitness bands and smart watches—the kind of gadgets AmEx and Apple are mixing with payments and financial services—are not only younger and wealthier than owners of smart phones and tablets, they’re also more likely …
Read More »As P2P’s Popularity Shoots Upward, Facebook Enters the Game With Messenger
The viral popularity of peer-to-peer payments among younger consumers hasn’t gone unnoticed at the massive social networks that serve their needs for instant communication. Facebook Inc. on Tuesday said it has introduced a P2P payments service on its Messenger platform and will be rolling it out across the country “over …
Read More »For $95 a Year, Stratos Promises Ease of Use as a Consolidated Card Service
Consumers wielding multiple credit and debit cards in their wallets have yet another service to use to consolidate them into one electronic payment card. Stratos Inc. on Tuesday introduced its Stratos Bluetooth Connected Card that enables consumers to load multiple cards onto the electronic device. The card begins shipping …
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 …
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