Digital Transactions Authoritative, insightful and timely information for payments professionals
Apple Pay, Android Pay, and Samsung Pay aren’t products, they’re platforms. And that means they’re well set up to succeed, says Thad Peterson. With distribution of the needed functionality increasing on both the merchant and the consumer side, trial and usage will increase steadily over the next few years. The …
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Mum About the Details, MCX’s Mooney Hints at ‘Plans on the Table’ Beyond Chase Deal
By John Stewart Last month, the spotlight shone on Merchant Customer Exchange LLC when JPMorgan Chase & Co. officially unveiled its Chase Pay wallet, set to launch next year, and said it will be included in MCX’s merchant-controlled CurrentC application. But, as big as that deal is for MCX, the …
Read More »Still Waiting for the Right Wallet Formula
Late September saw the introduction of two more major third-party mobile wallets. One is called Android Pay and comes from Google Inc. The other is called Samsung Pay and comes from, well, Samsung, which just happens to make some pretty popular smart phones that run on Android. Meanwhile, a consortium …
Read More »Why PayPal Plans to Extend Its Fast-Growing Venmo Service Into Merchant Payments
Up to now, PayPal Holdings Inc.’s Venmo payments service has been strictly a mobile person-to-person product appealing largely to twenty-somethings, but within a year users will be able to pay with Venmo at PayPal merchants if the parent company’s plan works out as expected. PayPal disclosed Wednesday in its quarterly …
Read More »Samsung Pay Adds Card Issuers and Brings Verizon on Board
Samsung Pay, the mobile-payments service from Samsung Electronics Co. Inc., has added 14 Visa-MasterCard payment card issuers. In addition, Verizon Wireless, the holdout mobile carrier that was absent from Samsung Pay’s launch a month ago, is now supporting the service, a Samsung executive said Wednesday. “We’re expanding our ecosystems,” Thomas …
Read More »Has PayPal Finally Found the Key To Unlock the Point of Sale?
While it’s a major power in e-commerce processing, PayPal Holdings Inc. has struggled translating that success to the physical point of sale, where the bulk of transactions still happen (“PayPal Unchained,” September). Last month, its luck may have changed. The big department-store chain Macy’s Inc. said it would accept PayPal …
Read More »With Macy’s on Board, PayPal’s Brick-And-Mortar POS Initiative Catches a Tailwind
Leading online payments provider PayPal Holdings Inc. disclosed late Tuesday that the big department-store chain Macy’s Inc. would accept PayPal not only on its Web sites and on mobile devices but also in its stores. The announcement breathes new life into PayPal’s years-long effort to come to the physical point …
Read More »Android Pay Arrives, Ready To Displace Old Google Wallet Memories
Google Inc.’s latest foray into mobile payments made its way to the public Thursday when the technology giant announced the release of Android Pay. Available only on smart phones and tablets enabled for near-field communication (NFC) and using the KitKat4 or later operating system, Android Pay enables consumers to load …
Read More »Mobile Payments, the Second Act
Observers of the payments scene could be forgiven if they thought Apple Pay was the sum and substance of mobile wallets. Apple Inc.’s canny recruitment of major issuers and its deft marketing to consumers could lead anyone to believe that. But all the while, some big-time rivals have been lurking …
Read More »PayPal Unchained
After 13 years, PayPal is free of eBay and once again an independent company. It dominates online and mobile commerce, but has stumbled at the point of sale. What will it do now that it calls all the shots? Like a young adult getting his first apartment and starting a …
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