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Apple to Offer Text P2P Transfer and Stored Balance Account with Apple Pay Cash Card

The new Apple iPhone and operating system are set to launch in September and include new features likely to grow adoption of Apple Pay and contactless mobile payments at the physical point-of-sale. Apple Pay is set to rollout in several more countries by year’s end while the newest operating system (iOS 11) will support Apple

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Fitbit Pay Joins an Already Crowded Mobile Payments Arena

Fitbit recently unveiled their first smartwatch, called Fitbit Ionic, which will support NFC contactless payments with their mobile wallet called Fitbit Pay. Fitbit Pay will be compatible with Visa, MasterCard and American Express cards issued by partner banks and is expected to launch with the Fitbit Ionic smartwatch in October.   Fitbit Pay will work

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Ingenico Invests in Omni-Channel with Acquisition of Think&Go NFC

Once primarily known for POS hardware, Ingenico Group greatly increased their eCommerce payment services with the late 2014 acquisition of GlobalCollect, and will now increase their omni-channel service offerings following the acquisition of Think&Go NFC, a French company that owns technology and patents for digital display screens leveraging NFC and Bluetooth Low Energy (BLE) beacons

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Is this Finally the Year Mobile Wallets Takeoff?

There has been a great deal of speculation and high expectations for the growth of contactless mobile payments since the launch of Google Wallet in 2011, but more than three years later mobile payments at the physical point-of-sale have yet to reach critical mass. With Apple Pay launching in late 2014, the number of NFC

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Will Host Card Emulation (HCE) be the Catalyst NFC Needs?

Mobile wallets utilizing Near-Field Communication (NFC) technology for contactless point-of-sale payments have been around since 2011 but have yet to really catch on. While Google Wallet and others rely on NFC to communicate with compatible payment terminals the mobile carriers have been restrictive on allowing these apps to access the Secure Element where payment credentials

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Visa Expects 50 Billion Contactless Payments per Month in Europe by End of this Year

Visa has strong expectations for the growth of contactless payments in Europe estimating that 52 million contactless payments will be made per month across Europe by the end of 2013 and that by 2020 half of Visa’s payment volume in Europe will be generated by a mobile phone. Read More

 
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Mobile POS Payments Forecasted to Exceed $5 Billion in U.S. by 2018

Although mobile point-of-sale proximity payments comprised just 0.01 percent of the total POS retail purchased volume in 2012 according to Javelin Strategy and Research, they estimate that mobile payments at the point-of-sale will grow eleven-fold over the next six years as they are forecasted to reach $5.4 billion in the U.S. by 2018. Read More

 
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