To purloin crypto, hackers are importing successful—and very familiar—methods from the world of fiat money. Here’s what experts say needs to be done. Security has always been a big selling point for Bitcoin and other cryptocurrencies. The crux of the security argument is twofold. Unlike cash, cryptocurrencies are encrypted in …
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Near Field Or Quick Response?
As if the payments business wasn’t enough of an alphabet soup, QR codes are now vying with NFC for dominance in mobile payments. Which technology will win out at the point of sale? In the United States, unlike many other parts of the world, near-field communication has been the favored …
Read More »Does Cash Need Legal Protection in Stores?
Efforts to ban cashless stores are afoot in New Jersey and some of the nation’s largest cities, including New York. But does cash really need legal protection from payment cards and mobile wallets? That’s the question public officials as well as payments and retail executives are mulling. Opponents of cashless …
Read More »Kroger Takes the Proprietary Route in Mobile Payments
Grocery-store giant The Kroger Co. is joining the ranks of retailers with a proprietary mobile-payments service, and adding a debit card to boot. Cincinnati-based Kroger, which has 2,800 stores under numerous banners, last month unveiled Kroger Pay and its accompanying Kroger Rewards debit card. Kroger Pay, available for iOS and …
Read More »Do Cashless-Payment Policies Create a ‘Segregated Purchasing System’?
New Jersey’s legislature this month passed a bill requiring merchants to accept cash at the point of sale, and several big cities, including New York, are considering similar measures. But does cash really need legal protection from payment cards and mobile wallets? That’s the question public officials as well as …
Read More »Supermarket Kingpin Kroger Debuts Kroger Pay And a Rewards Debit Card
Cincinnati-based grocery giant The Kroger Co. has launched a proprietary mobile-payments service, Kroger Pay, and an accompanying Kroger Rewards debit card. Kroger Pay, available for iOS and Android mobile devices, is a quick-response code-based mobile-payment service, which also includes digital coupons and personalized offers. Kroger Pay, like some other retailer-backed mobile-payments services, …
Read More »Repay And Payment Data Systems Separately Put Push Payments in the Spotlight
The concept of push payments is finding favor among payments providers as two companies separately announce new disbursement services. Atlanta-based Repay said its Instant Funding service enables organizations to send funds directly to eligible Visa Inc. debit and prepaid cards via Visa Direct, the network’s real-time debit service. Repay’s lending clients, …
Read More »Discover’s Contactless Fitness Improves Through Its Link-Up With Garmin Pay
Holders of Discover cards can now add their cards to the Garmin Pay mobile wallet for Garmin International Inc. wearable devices to make contactless payments, Discover Financial Services and Garmin announced Monday. Today’s announcement means that Discover is joining Visa and Mastercard as a payment option for Garmin Pay wallet …
Read More »Microsoft Wallet: Barely There in Mobile Payments, and Soon To Be Gone for Good
Microsoft Corp. says it plans to retire its Microsoft Wallet mobile app, a distant also-ran in the mobile-wallet market, on Feb. 28. The disclosure came in a brief recent post on a company Web site. “Starting on Feb. 28, 2019, the Microsoft Wallet app will be officially retired,” the post says. …
Read More »Target, Taco Bell, And Other Chains Are the Latest to Sign up for Apple Pay
Apple Inc. on Tuesday announced Target Corp., Taco Bell, and two regional chains are the latest merchants to agree to accept Apple Pay in-store, a development that could bolster the mobile-payments service and further smooth the road for contactless payments in the United States. Separately, Target announced it will also …
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