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In-Store Mobile Payments Forecasted to Reach $54 Billion by 2019, Online Mobile Payment Volume Will be Three Times Larger

Javelin estimates that the mobile payment volume for in-store purchases in the U.S. will grow more than tenfold, from $4 billion in 2014 to $54 billion in 2019. However, its mCommerce transactions, those made online either via mobile web browsers or apps, that dominate consumer mobile payments in the U.S. today, representing 95 percent of

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Study Finds Significant In-App Theft and Click Fraud in the Mobile Channel

Examining millions of in-app transactions and billions of in-app clicks over the first five months of the year, a recent study from Apsalar estimated an in-app transaction fraud rate of nearly 7.5 for virtual goods and an in-app click fraud rate of more than 2.5 globally, meaning for every legitimate click or transaction there were

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Apple Pay Launches in the United Kingdom with 8 Banks and 250,000 Merchant Locations On Board

On July 14th, about nine months after its release in the United States, Apple Pay became available in a second market, the United Kingdom. At the time of launch about 70 percent of all UK-issued credit and debit cards could be used with Apple Pay, and with a higher penetration rate of NFC payment terminals

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American Express Leverages Cardholder Online Login Information for Faster Online and Mobile Purchases with Amex Express Checkout

Following Visa Checkout and MasterPass, American Express launched their new Amex Express Checkout service in July, but doesn’t want it to be labeled a wallet. Cardholders that login to view or pay statements online can use the same user ID and password to submit payments online via PCs, mobile web browsers and mobile apps, and

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First Data Acquires Digital Gift Card Distributor Transaction Wireless Inc.

Less than one year after the acquisition of digital gift card platform Gyft in 2014, First Data announced the acquisition of Transaction Wireless Inc., who provides open and closed loop prepaid and store-branded digital gift card management, on July 14th. Financial terms were not disclosed for either acquisition. The acquisition of Transaction Wireless increases First

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