While consumer acceptance of mobile wallets has been painfully slow for wallet developers such as Apple Inc., new survey results from the nation’s largest mobile carrier show consumers are quite willing to use mobile apps in some form to buy things. Some 23% of smart-phone owners last year used an …
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Eye on the POS: VeriFone Snags AJB, Ingenico’s U.S. Growth, HP’s Retail Thrust
With the National Retail Federation’s annual trade show kicking off Monday in New York City, a number of payments companies tried to get a head start on the show by releasing news over the weekend. Much of it concerns developments for the physical point of sale. Here’s a wrap-up of …
Read More »For Acquirers, Federal And State Regulatory Scrutiny Shows No Signs of Abating
As the payments industry contends with ongoing state and federal regulatory inquiries, the Electronic Transactions Association will release an updated version of its “Guidelines on Merchant and ISO Underwriting and Risk Monitoring” in February. The final edits are being made, says Deana Rich, principal of Deana Rich Consulting Inc., which …
Read More »Eye on In-Store Commerce: Adyen Comes to the POS; Diebold Eyes Mobile Checkout
E-commerce processor Adyen Inc. announced on Thursday it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Also on Thursday, ATM maker …
Read More »Samsung Pay Aims at Commerce Tools for Merchants And a Reseller Program for Acquirers
Samsung Pay, the mobile wallet that uses near-field communication (NFC) and magnetic secure transmission (MST) technology, is developing a set of simple tools merchants can use to create offers and manage loyalty programs. The tools should be available this year. That’s the word from Will Graylin, global co-general manager of …
Read More »Sweden’s Klarna Racks up Some Big Gains in the Early Going of Its U.S. Debut
Sweden’s online-payments firm Klarna started operations in the United States only four months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. Nearly 20 retailers have signed up for the company’s streamlined checkout service, including big sellers Overstock.com and Shoes.com. That’s …
Read More »Struggling With Mobile Services, Banks Risk Losing Customers to Non-Bank Rivals
Consumers using mobile-banking sites or apps make only sporadic use of their ability to pay bills, send money to other individuals, or load a prepaid card, finds new research from Javelin LLC, a Pleasanton, Calif.-based payments-research firm. In the “2015 Mobile Banking, Smartphone, and Tablet Forecast” released Tuesday, Javelin found …
Read More »Local Deals Go to School As Mega-Campus Arizona State University Opts for Apriva App
The more than 72,000 students and faculty members of Arizona State University have a new app to help them find deals from local merchants. Dubbed ASU Deals, the app, available for iOS and Android mobile devices, enables users to search for local deals and receive notifications from merchants. Developed by …
Read More »The In-App Channel Is Vital For Apple Pay, But Activity Overall Remains Weak
The crucial role in-app payment plays in mobile-wallet usage emerged in high relief Monday in a report showing that almost one-third of all Apple Pay credit card transactions made in the last five months by surveyed consumers occurred within a merchant app rather than in a store. Over the same …
Read More »E-Commerce, Especially M-Commerce, Left a Big Mark on 2015’s Holiday Season
Two reports released Friday afternoon about consumer spending in the 2015 holiday season document continued strong growth in online commerce, although one report has e-commerce falling slightly short of earlier predictions. And mobile commerce is the new star of consumer payments. In its final report about the 2015 holidays, Internet …
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