Friday , November 15, 2024

Search Results for: digital payments

Merchants Worldwide Are Installing More Contactless Terminals—And Turning on NFC

With technologies like Apple Pay and host card emulation reviving prospects for mobile payments using near-field communication, merchants are starting to install more NFC devices at the point of sale. And, more important, they’re starting to turn on the NFC capability. That’s according to a report issued Tuesday by Berg …

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With Its Dinerware and pcAmerica Deals, Heartland Lays out a New Direction for Leaf

Heartland Payment Systems Inc. has acquired point-of-sale system developers Dinerware Inc. and pcAmerica, both makers of restaurant point-of-sale systems, Heartland announced Friday. Terms were not disclosed. The acquisitions spurred Princeton, N.J.-based Heartland to create a dedicated business unit call Heartland Commerce, which includes Dinerware, pcAmercia, Xpient, Leaf, and Liquor POS. …

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Once They Use It, Consumers Favor NFC Over QR Codes, NFC Forum Survey Says

More consumers are satisfied using near-field communications (NFC) technology with their smart phones than express the same satisfaction using Quick Response codes, finds a survey by Strategy Analytics Inc., a Boston-based consulting firm. In the survey, commissioned by NFC advocate group NFC Forum, 76% of consumers said they were satisfied …

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Retailers Rank Security As Top Concern, While More Than One-Third Plan to Add NFC

Payments security is the top concern of retailers in 2015, finds a Boston Retail Partners report. This comes as retailers contend with increased scrutiny of their data-protection practices and a sweeping transformation of the U.S. payment card system. In the survey of more than 500 retailers, 63% cited payment security …

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With Its PayEase Acquisition, Burgeoning Mozido Enters China

Financial and marketing services company Mozido Inc. now is serving China through its acquisition of PayEase Corp., a China-based payment processor. Announced today, the acquisition makes Austin, Texas-based Mozido the owner of one of 22 licensed payment-processing companies in China. PayEase, which is headquarter in Beijing, provides in-app mobile payments, …

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Americans Overwhelmingly Prefer Paper Bills, but Increasingly Pay Them Electronically

More than 90% of Americans still prefer to receive paper bills, but a strong majority of them pay electronically, according to findings released Monday from a survey sponsored by the U.S. Postal Service’s Office of the Inspector General. The three-month study of customer records from a major East Coast utility …

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COMMENTARY: Ignore the Naysayers! Here’s Why Apple Pay Will Be a Winner

Here’s a resolution that the payments industry should consider: Stop doubting market capabilities and start anticipating currents within the technological wave. With the unveiling of Apple Pay, naysayers are already coming out in full force. However, I’ve spent considerable time in the card-not-present environment, giving me a unique perspective on …

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EMVCo Aims for a ‘Smoother Experience’ in Revised Spec for Online Payment Security

With the Europay-MasterCard-Visa (EMV) chip card movement well under way in the U.S. market, a key standards body is training its sights on a technology many believe could combat the fraud EMV is expected to drive to the Web. By the end of this year, EMVCo plans to have a …

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Braintree’s Mobile Transactions Grew 400% in Fourth Quarter

Online-payments provider Braintree says 2014 was a banner year for the Chicago-based unit of PayPal Inc., with total transactions growing to 2.8 times the 2013 tally. In a blog post, chief executive Bill Ready also said that Braintree’s mobile transactions in the fourth quarter increased to four times the number …

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Consumer Readiness for EMV Is Rising in Wake of Breaches And As Deadline Nears

With the payments industry working against an implementation deadline that’s less than eight months away, networks and issuers are looking more closely at just how ready cardholders are for Europay-MasterCard-Visa (EMV) chip cards. The latest research from MasterCard Inc. indicates some 60% of consumers are now at least aware of …

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Digital Transactions