Mobile payments funded through the automated clearing house network are not unusual, but a growing corps of processors and tech companies are working to increase the ACH’s share. As mobile payments begin what appears to be a long climb to general consumer acceptance, the major actors in electronic payments face …
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Omni-Channel, Semi-Integrated, and Unattended Take Center Stage
Some important payments developments are asserting themselves this year. Don’t risk being left behind. The pace of change in the payments industry is normally fast. But the perfect storm of the U.S. EMV migration plus the mobile-wallet revolution has accelerated that pace to blistering. It’s an exciting time, but also …
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 »Report: PayPal Likely To Deflect New Competition From a Browser-Based Apple Pay
PayPal Holdings Inc.’s shares took a hit last week when a media report said Apple Inc. plans to launch a mobile-browser version of its Apple Pay service, potentially making Apple Pay a stronger competitor to the online and mobile-payments leader. But a payments analyst says any new competition from Apple …
Read More »Durbin’s Debit Law Is Eyed As Part of a Sweeping Financial Regulatory Review
Not yet five years after its implementation, a controversial federal regulation governing interchange and transaction routing for debit cards has come under review as part of a process set out by a 20-year-old law called the Economic Growth and Regulatory Paperwork Reduction Act. The debit card regulation, the Federal …
Read More »Cash Preference Weakens As Younger Consumers Go for Cards, Especially Debit
Industry efforts to persuade consumers to use credit and debit cards for small-ticket purchases may be paying off, at least among younger consumers, finds a survey from CreditCards.com, a card comparison site for consumers. In the survey of more than 600 U.S. adult credit card holders sampled in early March, …
Read More »Apple Pay May Be Coming to M-Commerce Sites and other Digital Transactions News briefs
• Starbucks Corp. said JPMorgan Chase & Co. by year’s end will issue a Visa-branded Starbucks reloadable prepaid card that will allow cardholders to earn Starbucks “stars,” or loyalty points, for purchases just about anywhere Visa is accepted; the new card is an extension of Starbucks’ relationship with JPMorgan Chase’s …
Read More »Aided by Mobile Tech And Social Media, Digital Payments Are Surging Globally
While the U.S. market wrestles with its nearly 6-month-long transition to EMV chip cards and contactless payments based on near-field communication (NFC) technology, the rest of the world is surging ahead with contactless, online, and mobile transactions, according to the latest report from Juniper Research. Total digital payments worldwide will …
Read More »Green Dot’s New Test With Uber Drivers Could Drive Traffic to Its Bank
Prepaid card provider Green Dot Corp. on Thursday announced a test with ride-sharing service Uber in which Uber drivers can be paid instantly via deposits into Green Dot’s subsidiary bank. Drivers for San Francisco-based Uber normally are paid once a week via direct deposit into financial accounts on file with …
Read More »Pamela Joseph Named TSYS President and other Digital Transactions News briefs
• The nation’s movement toward faster payments took a step forward with Early Warning LLC’s announcement that it is now processing real-time peer-to-peer payments for Bank of America Corp. and U.S. Bancorp. Customers of these banks can send payments via mobile or online banking apps to other customers of either …
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