Digital Transactions Authoritative, insightful and timely information for payments professionals
Our list this year showcases some of the most interesting innovation going on in payments. As we put together this year’s Guide, we were struck by the sheer breadth of innovation the 37 entries that made this year’s list represent. Yes, much of this technology has to do with mobile …
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The ‘Pays:’ Usage Remains a Struggle
When it comes to mobile-payments services like Apple Pay and Samsung Pay, the payments industry appears to be seeing adoption. But it could be years before it sees steady usage. The adoption picture, as defined by cardholders loading a card, is improving for Apple Pay, according to the latest numbers …
Read More »As More Mobile Wallets Crowd in, Wal-Mart Updates Its Shopping App With Walmart Pay
Walmart Pay, the mobile-payments app developed by Wal-Mart Stores Inc., is now broadly available to consumers as part of version 6.8 of the retailing titan’s shopping app, introduced this week for Apple Inc. smart phones. The app update, available on the iTunes store, says Walmart Pay will be “available in …
Read More »The ‘Pays’ Win Plenty of Awareness and Adoption—But Usage Remains a Struggle
When it comes to mobile-payments services like Apple Pay and Samsung Pay, the payments industry appears to be seeing adoption. But it could be years before it sees steady usage. The adoption picture, as defined by cardholders loading a card, is improving for Apple Pay, according to the latest numbers …
Read More »Near Field of Dreams
Remember when NFC was a dead letter in payments? Well, it’s undergoing quite a resurrection, thanks to EMV and mobile wallets like Apple Pay. When Apple Pay burst upon the payments scene 18 months ago, the way it allowed iPhones to connect instantly with point-of-sale terminals seemed like something fresh …
Read More »What’s in Your Mobile Wallet? It Might Be the ACH
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 …
Read More »PayPal, Card Brands Gain More Than Banks in Consumer Mobile-Wallet Preferences
If consumers wanted a mobile wallet in 2013 and 2014, they wanted it from their primary financial institution. But things changed in 2015, when PayPal and Visa surpassed banks and credit unions as preferred wallet providers. That’s the bad news for financial institutions in a new report about mobile wallets …
Read More »Former MCX Chief Joins InStream Board and other Digital Transactions News briefs
• NCR Corp. says its Epsilon payments application received EMV certification from First Data Corp., enabling the app to process credit and debit EMV transactions in its Radiant POS and StorePoint POS products. • Former Merchant Customer Exchange LLC chief executive Dekkers L. Davidson joined the InStream Inc. board of directors. …
Read More »Chase Pay Takes First Important Stride Forward With a Deal for Acceptance at 7,500 Starbucks Stores
When JPMorgan Chase & Co. announced its own mobile wallet, Chase Pay, in October, it said the new payments service would begin rolling out by the middle of this year, and on Tuesday the money-center bank announced an important step in that direction. The fledgling service, which is up against …
Read More »A Tipping Point May Be Nearing for NFC Terminals, But Some Big Retailers Aren’t Sold
How many point-of-sale terminals have to be enabled for near-field communication (NFC) before the technology becomes a must-have experience for consumers in stores? In the U.S., at least, the answer is 35% of the installed base, according to Osama Bedier, president of Poynt Co., a Palo Alto, Calif.-based startup that …
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