Observers of the payments scene could be forgiven if they thought Apple Pay was the sum and substance of mobile wallets. Apple Inc.’s canny recruitment of major issuers and its deft marketing to consumers could lead anyone to believe that. But all the while, some big-time rivals have been lurking …
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PayPal Unchained
After 13 years, PayPal is free of eBay and once again an independent company. It dominates online and mobile commerce, but has stumbled at the point of sale. What will it do now that it calls all the shots? Like a young adult getting his first apartment and starting a …
Read More »One Tap, Many Questions
In-app payments appear to be the long-sought answer to dismal conversion rates on mobile devices. But are consumers as comfortable with this payment method as many may think? In-app payments, long used by mobile-gaming companies to enable consumers to buy digital goods, suddenly gained more notoriety following the 2014 …
Read More »Partnerships Will Fuel the Tablet Takeover
Making mobile POS work seamlessly for merchants of all sizes is a daunting job, one best tackled by partnering with multiple specialists, says Paul Rasori. A recent IHL report projects significant growth in the tablet point-of-sale market through 2019, upwards of a 27% compound annual growth rate. To those of …
Read More »Growing Mobile Use Among Consumers Is Attracting More Criminals, Says New Report
Growing consumer use of mobile devices like smart phones is making the devices more attractive to criminals trying to capture payments data. That’s the assessment from ThreatMetrix Inc., a San Jose, Calif.-based data-security company, in its “Cybercrime Report: Q2 2015” report, which analyzed more than 75 million attacks that were …
Read More »In This High-Stakes Poker Game, Verizon Holds More Cards Than Samsung
By John Stewart Why won’t Verizon Wireless make nice with Samsung Pay? With the U.S. debut of Samsung Electronics Co. Ltd.’s mobile-payments service just a few days away—and a national launch of Samsung Pay due Sept. 28—all the major mobile network operators have signed on to support the service with …
Read More »Samsung Pay’s Mag-Stripe Emulation Advantage Might Be Short-Lived
The debut of Samsung Pay in the United States is just a month away, but the ongoing migration of U.S. credit and debit cards to the EMV chip standard may already be eroding the nascent mobile-payment service’s unique advantage. Samsung Pay uses near-field communication (NFC) and, uniquely, a radio-frequency version …
Read More »Samsung Pay Sets U.S. Debut for Sept. 28, With a One-Month Trial Starting Aug. 25
Samsung Electronics Co. Ltd. says its Samsung Pay mobile-payment service, which uses near-field communication and a radio-frequency version of magnetic-stripe data, will debut Sept. 28 in the United States. Some consumers with some Samsung smart-phone and tablet models will be able to participate in a test set to begin Aug. …
Read More »Infinite Peripherals Rides the mPOS Wave With Add-on Devices for Larger Retailers
By John Stewart At Infinite Peripherals Inc., there’s nothing peripheral about the mobile point of sale. The Elk Grove Village, Ill.-based company, whose stock in trade is not the mobile device but just about anything that can be connected to it, is growing rapidly in tandem with the soaring popularity …
Read More »Apple Pay Could Reap a Volume Bonanza as It Includes AmEx Corporate Cards
Corporate card stalwart American Express Co. says corporate cards it issues on behalf of U.S. employers now can be used with Apple Pay. AmEx says its portfolio is the first major corporate card file to be activated for Apple Inc.’s mobile-payment service. Apple Pay’s potential for additional spend with corporate …
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