PayPal Inc.’s latest effort to enter the nascent business of processing transactions for merchandise shown on television—so-called T-commerce—could also help recruit more merchants for the San Jose, Calif.-based company’s point-of-sale payment service, a PayPal executive tells Digital Transactions News. As it turns out, merchants that agree to accept PayPal at …
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Eye on Prepaid: AmEx Strikes a Deal With Zynga While Green Dot Signs Dollar Tree
American Express Co. extended the reach of its Serve digital and prepaid card platform with a rewards program it announced on Tuesday with leading online game developer Zynga Inc. The big prepaid card program manager Green Dot Corp., meanwhile, disclosed a distribution deal with Dollar Stores Inc. and the renewal …
Read More »Late to the Wallet Wars, MasterCard Unveils a Service It Touts As Open, Flexible
Nearly a year after major U.S. rivals introduced mobile wallets, MasterCard Inc. officially entered the market on Monday with a service that aims to trump competing products by being open to a wide range of payment brands and by offering tools that can let third parties develop their own digital …
Read More »Acquiring: Isis’s Promising U-Turn
Peter Lucas The creature of the nation’s biggest wireless carriers dumped its payments-network strategy a year ago, and now things are looking up for its mobile wallet. The key difference: an emphasis on offers and rewards. It won’t be long before the eyes of the payment industry focus on Salt …
Read More »Handset Users Indicate Tepid Interest in Mobile Payments As Programs Launch
Experts may well have proclaimed 2012 to be the Year of Mobile Payments, what with digital wallets and other product introductions proliferating seemingly by the day, but at least some researchers are starting to ask a key question: Do consumers really want mobile payments? According to preliminary data, the answer …
Read More »Home Depot Starts National Rollout of PayPal POS Payments to Almost 2,000 Stores
The Home Depot Inc. on Tuesday started rolling out a point-of-sale payment system that will let customers pay with their PayPal accounts at all of the home-improvement retailer’s almost 2,000 U.S. stores. The rollout comes just seven weeks after the two companies unveiled a five-store pilot in the San Francisco …
Read More »Google Announces a Fix for Prepaid Flaw As Security Holes Plague Its Wallet
Google Inc. late on Tuesday announced a solution for a security flaw in its mobile wallet that allows hackers to gain access to wallet owners’ prepaid accounts. Google also said it had, on Monday afternoon, restored the ability to load funds on new prepaid cards. In response to the flaw, …
Read More »M-Commerce: Mobile Commerce’s Next Step
With m-commerce shifting into high gear, consumers are expecting a faster, user-friendlier checkout experience. Delivering that kind of experience won’t come from advances in handset hardware, but software. by Peter Lucas In the world of mobile commerce less is more, especially when it comes to checkout. Savvy merchants learned years …
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PayPal (Sort of) Embraces NFC … With rivals like Google Inc., Visa Inc., and MasterCard Inc. having jumped into near-field communication technology, there has been no little speculation in the payments business about when, or whether, PayPal Inc. would take the plunge. Wonder no more. The eBay …
Read More »Google Folds Its Checkout Service into Google Wallet
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