Wednesday , October 2, 2024

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Eye on Mobile Payments: More About Samsung Pay Cash; Zelle Eyes Community Banks

More details emerged Tuesday about Samsung Pay Cash, the virtual prepaid card Samsung Electronics America Inc. first announced late last week as the latest feature for its mobile wallet.  Global Payments Inc., the big Atlanta-based processor that recently acquired Total System Services Inc. (TSYS), said Monday it has now integrated …

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Samsung Pay Looks to Cross-Border Transfers As a New Growth Market

Adoption of mobile-payment apps in the United States has been tepid, so the so-called “Pays”—Apple Pay, Google Pay, and Samsung Pay—have sought new features to spike consumer interest. The latest gambit comes from Samsung Pay, which on Thursday announced an integration that will allow U.S. users to send payments to …

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Folding the Wallet

JPMorgan Chase plans to discontinue its Chase Pay mobile wallet. Other banks are shuttering their wallet apps, too. Is there no longer—or was there ever—a place for bank-sponsored wallets for mobile payments? Apple Pay, Google Pay, and Samsung Pay, collectively “the Pays,” seem to get all the attention when the …

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A Security Flaw Lets Hackers Control Traffic on Android Smart Phones, Researcher Says

Cyber threat intelligence provider Check Point Research disclosed this week what it says is a flaw in some Android smart phones that enables hackers to send bogus messages that trick users into entering malicious settings that could, among other things, route traffic through a proxy server controlled by the hacker. …

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Eye on Digital Commerce: Google Wallet Beyond Payments; W3C’s Payment Form Goes Live

Alphabet Inc.’s Google subsidiary is adding more services to its Google Wallet for Android mobile devices, and Google’s Chrome Web browser now supports a common e-commerce payment form for merchants that is expected to be integrated into the other major browsers too. United Airlines Inc. in May became the first …

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The Bill-Pay Revolution

For banks, introducing real-time bill pay is not enough. They must also spruce up the online and mobile experience. Some are starting to, but can they finally leave the biller-direct model in the dust? It’s been a long, steady retreat for banks in online bill payment. Since 2010, banks’ share …

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ACI Acquires Western Union’s Walletron Mobile Bill-Presentment Business

In an effort to boost its electronic bill-payment offerings, payments-technology provider ACI Worldwide Inc. on Thursday announced its second recent acquisition from The Western Union Co., this one of mobile bill-presentment provider Walletron Inc. Today’s announcement came at the same time Naples, Fla.-based ACI said it will complete its previously …

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11th Annual Field Guide to Alternative Payments

Churn is still the overarching theme in a dynamic market dominated by mobile options and eyeing digital currency. You can tell a lot about the dynamism of a market by how often its players turn over—how many new companies enter the market from year to year and how many fail …

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In a Return to Mobile Financial Services, T-Mobile Launches Its Money App Nationally

In a sign that at least some U.S. wireless carriers haven’t given up on their ambitions in mobile payments, T-Mobile US Inc. on Thursday launched its T-Mobile Money service nationwide. But the service, which began as a pilot in November, goes beyond payments offerings to include some traditional banking services …

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The Prepaid Business Adopts a Sanguine Approach As the CFPB’s Big Rule Finally Takes Effect

A day long dreaded by the U.S. payments industry came and went on Monday with little fanfare and not much more gnashing of teeth. The Consumer Financial Protection Bureau’s voluminous prepaid card rule finally took effect with sweeping provisions governing matters ranging from fee disclosures to error-resolution rights to consumers’ …

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