Digital Transactions Authoritative, insightful and timely information for payments professionals
Late September saw the introduction of two more major third-party mobile wallets. One is called Android Pay and comes from Google Inc. The other is called Samsung Pay and comes from, well, Samsung, which just happens to make some pretty popular smart phones that run on Android. Meanwhile, a consortium …
Read More »Search Results for: retail
Banker: Customers Want PINs on EMV Credit Cards
To Justin Bigham, head of consumer product management at regional bank holding company First Niagara Financial Group Inc., the answer to the question of whether chip credit cards based on the EMV standard should have PINs isn’t hard to figure out. Just ask consumers. The 390-branch firm plans to convert …
Read More »The Steady March of Mobile Online And P2P Payments
Two reports released the same day last month point up the accelerating rate at which consumers are turning to a mobile device rather than a PC to pay an online merchant or another person. The news comes as major tech players like Apple Inc., Google Inc., PayPal Holdings Inc., and …
Read More »Putting Pizzazz Back in Profits
Offering value-added services and focusing on the right merchant categories can boost profits and take the sting out of portfolio attrition. Talk of margin compression is nothing new for merchant acquirers. The ongoing race for merchants between acquirers, independent sales organizations, and merchant aggregators has led many players into a …
Read More »9th Annual The 10 Most Pressing Issues in E-Payments
2015 is the year of EMV, as much for the various ways chip cards are causing anxiety for the payments business as for their putative benefits. But a host of other issues is keeping payments executives awake these days, as well. Well, it seemed like a good idea at the …
Read More »Putting Self-Checkout on a Mobile Device
Developing a self-pay app is fairly straightforward. The tough part might be waiting for merchants and consumers to catch up. It doesn’t take much to imagine miniaturizing the large cash wraps found in home-improvement and grocery stores that consumers use to scan and pay for their own merchandise. The …
Read More »How MCX’s Deals with Chase Pay And BIM Networks Help Fill a Tender Gap in CurrentC
With two strokes of the pen, Merchant Customer Exchange LLC has addressed one glaring weakness in its mobile wallet. By announcing a deal this week with JPMorgan Chase & Co.’s brand-new Chase Pay mobile-payments service and two weeks ago with a little-known New York City-based app provider called BIM Networks …
Read More »Why PayPal Plans to Extend Its Fast-Growing Venmo Service Into Merchant Payments
Up to now, PayPal Holdings Inc.’s Venmo payments service has been strictly a mobile person-to-person product appealing largely to twenty-somethings, but within a year users will be able to pay with Venmo at PayPal merchants if the parent company’s plan works out as expected. PayPal disclosed Wednesday in its quarterly …
Read More »Samsung Pay Adds Card Issuers and Brings Verizon on Board
Samsung Pay, the mobile-payments service from Samsung Electronics Co. Inc., has added 14 Visa-MasterCard payment card issuers. In addition, Verizon Wireless, the holdout mobile carrier that was absent from Samsung Pay’s launch a month ago, is now supporting the service, a Samsung executive said Wednesday. “We’re expanding our ecosystems,” Thomas …
Read More »Eye on Money 20/20: OmnyPay Launches and TMS Adds a POS Terminal
A new mobile-payments service that includes loyalty and rewards has launched with the goal of providing retailers with a single source of mobile engagement with their consumers. Dubbed OmnyPay, the service is just one of the many announcements made this week at the annual Money 20/20 conference in Las …
Read More »