Digital Transactions Authoritative, insightful and timely information for payments professionals
Without fanfare, Amazon.com Inc. last week introduced a trial version of its first digital wallet. The free Android app, known as Amazon Wallet, has been available since July 17 on Amazon’s own App Store and on Google Play. It is also available pre-installed on Amazon’s recently unveiled smart phone, the …
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Mobile-App Developer Exploits a Growing Market for Virtual Tickets on Mass Transit
Technology continues to drive change in the way riders on America’s mass-transit systems pay fares. While a few agencies have cast their lot with contactless card systems that also accept general-purpose debit and credit cards with contactless chips, other systems are turning to smart phones as add-ons to existing fare …
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Online Alternatives Go Mainstream With millions of people now using PayPal, Amazon Payments, Google Wallet, and other so-called online alternative payments, observers are starting to say that the term is rapidly becoming outmoded. In a February report, Javelin Strategy & Research says eight in 10 online shoppers used an online …
Read More »Cover Story: The Googleization of the Traditional ISO
Once known for mainly hiring sales people, the most innovative ISOs nowadays are on a hiring binge for techies. What’s behind this shift? By Kevin Woodward and Jim Daly \”Disruptor” is one of the favorite nouns in American business nowadays, so much so that it’s almost a cliché. But the …
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Plastic: High Growth, High Risk More than ever, plastic dominates the business of electronic payments in the United States, with two-thirds of all noncash transactions in 2012 occurring on a card, up substantially from 60% just three years earlier. That’s according to the Federal Reserve System’s triennial payments study, released …
Read More »Digital Transactions News Puts Apple’s iBeacon to the Test, And Finds It Works As Advertised
With 58% of U.S. consumers owning a smart phone, according to a report from the Pew Internet & American Life Project, it’s no wonder that retailers want some time and space on the small-screen mobile devices. Apple Inc., which according to the Pew report, has 25% of the smart- phone …
Read More »Cover Story: Targeting the Traditional POS
By Kevin Woodward With the invasion of smart phones and tablets, the iconic payment terminal—and the entire point of sale—is getting a new look. Are the traditional terminal’s days numbered? Perhaps no other device serves as an icon of the payments industry like the point-of-sale terminal. Sitting on a merchant’s …
Read More »ABnote Adds NFC Support to its Mobile Wallet Via OTI’s Audio-Jack Plug-in Device
ABnote is adding support for near-field communication (NFC) technology to its miWallet mobile wallet with the addition of the Wave device from Israeli technology vendor On Track Innovations Ltd., ABnote recently announced. The device connects to mobile devices using the audio jack on smart phones and tablets. When connected, it …
Read More »Strategies: It’s Time for Mobile Wallet 2.0, But Will It Matter?
Steve Mott Two years after Google’s splashy mobile-wallet debut, there are more wallets than ever, even though Google and others have stumbled. What’s wrong with current wallet strategies, and what kind of future do digital wallets have? If things go according to unofficial reports, the readers of this article will …
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NFC Stalwart Isis Preps for a Rollout Isis, the smart-phone-based payments machine owned by three big mobile-telecommunications carriers, has stuck with near-field communication (NFC) through thick and thin while other mobile-payments providers have either avoided the high-powered but demanding technology altogether—think PayPal—or scaled back their commitment to it—think Google Inc. …
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