More U.S consumers are using mobile peer-to-peer payments than are using a smart phone to make a point-of-sale purchase, according to research firm eMarketer Inc. While only 19.4% of consumers made a mobile payment in a store in the preceding six months, 24.9% have made a mobile P2P payment, the …

By Kevin Woodward@DTPaymentNews Consumers appear willing to take more steps to mitigate their online-fraud exposure than merchants are willing to provide, with 78% of consumers willing to enter a card-verification code, but only 57% of merchants requiring it, finds a new American Express Co. survey. Consumers are willing to take …

By Jim Daly@DTPaymentNews Charles Scharf accomplished a lot in less than four years as Visa Inc.’s chief executive—he oversaw Visa’s acquisition of Visa Europe, a groundbreaking peace accord with PayPal Holdings Inc., and a cobranding and acceptance deal with Costco Wholesale Corp., among other things—but one of his unfinished tasks …

By Jim Daly@DTPaymentNews Having made peace with Visa Inc. in July, PayPal Holdings Inc. announced a similar agreement Tuesday with MasterCard Inc. that further extends the online payments leader’s reach at the point of sale. But PayPal’s new accord has some differences from the one it reached with Visa, most …

The number of consumers of all age groups who would or already use their phones to make purchases at the checkout increased to 40% this year, finds Bank of America Corp.’s “Trends in Consumer Mobility Report 2016,” released Tuesday. That’s up from 34% in 2015. Younger consumers—Millennials between 18 and …

In another indication of the rebound of near-field communication for payments, some 148 million consumers globally will use the contactless technology in a mobile or wearable device to buy something this year, according to the latest report from Juniper Research, released Monday. Fully 70% of these consumers will be wielding …

Ever since MasterCard Inc. introduced its tokenization platform nearly 18 months ago, no third party has been allowed to offer the product, called the MasterCard Digital Enablement Service. That changed Tuesday with the company’s announcement that Giesecke & Devrient is connecting its Convego CloudPay platform to MDES and will be …

Processor Total System Services Inc. (TSYS) is buying acquirer TransFirst Holdings Inc. for $2.35 billion, Columbus, Ga.-based TSYS announced Tuesday. The deal, which is expected to close in the second quarter, puts an end to TransFirst’s plans to explore an initial public offering. Hauppauge, N.Y.-based TransFirst last October filed an …

In this age of mobile payments, online commerce, and millions of places to use plastic payment cards, cash remains highly relevant and popular with consumers, the nation’s leading retailer ATM network insists. Houston-based Cardtronics Inc. on Thursday released results of a survey showing that consumers use cash far more than …

How do you combine mobile check deposit with prepaid cards to offer immediate funds to customers without bank accounts? Ingo Money says its mobile app is the answer. Mobile deposit capture technology has made it easier than ever for consumers with bank accounts to deposit a check. Simply open the …