Digital Transactions Authoritative, insightful and timely information for payments professionals
For years merchants have sought ways to market to customers on a personal level and drive in-store sales in real time. Is beacon technology the answer? Thereäó»s been a lot buzz lately around the use of mobile beacons in merchant locations to drive sales, and with good reason. With smart …
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The New Technology of Money
Humor me. Take a $20 bill out of your wallet, hand it to me, thank you very much, and then walk into a store and use the same twenty to pay for merchandise. Can you do this? Yes, you can. It is simpler than you think, and perfectly legal! This …
Read More »Consumers Quickly Embracing Mobile Apps for Purchases and Banking, Verizon Study Finds
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 …
Read More »Why Global’s Heartland Deal Matters
When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a few months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, and …
Read More »Majority of Cards Presented to Merchants Bear EMV Chip: Report
Efforts to get EMV chip cards into the wallets of U.S. consumers may be paying off. Some 52% of cards presented to merchants in the weeks following the Oct. 1 liability shift bear a chip, says CardFlight Inc., a mobile point-of-sale provider, in the debut of its EMV Migration Tracker. …
Read More »Global Payments’ $4.3 Billion Heartland Deal Points up Industry Shift to Integrated Payments
When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …
Read More »The U.K.’s Yoyo Wallet Hopes Soon To Be Walking a Big Dog in U.S. Mobile Payments
By John Stewart While many observers might argue the U.S. payments market has plenty of mobile-wallet entries for the time being, a U.K. startup called Yoyo Wallet figures there’s room for one more. London-based Yoyo, which launched with university cafeterias nearly two years ago and has expanded to catering operations …
Read More »Groceries, Drug Stores, C-Stores Yawn at Mobile Payments, Focus on E-Commerce
By John Stewart What kind of technology are grocery stores, drug stores, and convenience stores most interested in? Not mobile payments, at least not right now. That’s the conclusion of the Los Angeles-based Center for Advancing Retail & Technology LLC, which operates an online marketplace of retail solutions for merchants …
Read More »Merchant Pay
Banks and Silicon Valley tech companies aren’t the only players crowding into mobile payments. So are retailers and restaurants. Now, with its Chase deal, MCX has thrown the spotlight on the potential for merchant-controlled wallets. As American cities go, you can’t get much more typical, demographically speaking, than Columbus, Ohio. …
Read More »With Holidays Nearing, EGift Cards Are Likely To Be More Popular Than Ever
By John Stewart As the holidays approach, retailers and banks can expect to sell more electronic gift cards than ever, if research released Monday by Bankrate.com is any indication. The survey, which covers 60 general-purpose and proprietary gift cards, shows two-thirds are available as e-cards, up from 59% last year. …
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