Home Posts tagged "mobile wallet"
formats

Mobile Payment Volume at the Point-of-Sale Will More Than Double in 2015 and is Expected to Grow by More Than 200 Percent Next Year

According to a new forecast from eMarketer, U.S. mobile payments at the point-of-sale, including NFC, QR codes and other methods, will grow from under $4 billion in 2014 to nearly $9 billion this year before really taking off in 2016 when mobile contactless payments are expected to exceed $27 billion. The number of mobile proximity payment users in

(More)…

 
formats

Samsung Pay and CurrentC Grow Their Reach with New Partnerships

One of the more difficult and most important aspects of building a successful mobile wallet is ensuring that consumers can use it with the payment cards and mobile devices they want to use. By forming agreements with fourteen major card issuers and Verizon Wireless to support their mobile wallet, Samsung Pay as greatly expanded their

(More)…

 
formats

Recent Hiccups Hindering Apple Pay

A recently released consumer survey finds that more than two-thirds of people who attempted using Apple Pay in-store had problems at the point-of-sale and many were not able to make the purchase from their mobile device. These consumer frustrations follow recent news of lax authentication with issuing banks leading to high rates of fraud on

(More)…

 
formats

Google Wallet Partners with and Acquires Softcard’s Technology to Better Odds of Winning Mobile Wallet Wars

While there had been rumors that Google was in talks with Softcard to acquire the mobile network’s joint venture, the two organizations made an official announcement about their newly formed partnership on February 23rd. Under the deal Google will acquire Softcard’s patents and technology while the three major carriers that formed Softcard will now include

(More)…

 
formats

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

(More)…

 
formats

Talks of Visa and Apple Partnership in Anticipation of September iPhone 6 Launch

Industry analysts have recently discussed the potential benefits to Visa and Apple should the two collaborate on mobile payments, even stating their opinion that a “partnership could be on the horizon,” and potentially in time for the launch of the iPhone 6. Is this potential partnership already in the works or is it just speculation?

(More)…

 
formats

Mobile Wallet Isis to Change Name, Begin Rebranding Effort

The mobile wallet joint venture Isis founded by AT&T Mobility, T-Mobile USA and Verizon Wireless is in the process of changing their name to avoid confusion and mis-association with a militant group that has garnered much media attention of late, commonly referred to by the acronym ISIS. Not to be confused with the Islamic State of Iraq and

(More)…

 
formats

Starbucks leads the way for mobile payments

Point-of-Sale mobile payments at Starbucks reached $1 billion in 2013. The focus on mobile coupons and loyalty programs with the Starbucks mobile payment app was a major factor in sustaining 5 million weekly transactions across 10 million users at U.S. stores. With 18,000 stores in over 50 countries Starbucks are indubitably successful. Their recipe for

(More)…

 
formats

MasterCard acquires digital wallet maker C-SAM

MasterCard has entered an agreement to acquire C-SAM, mobile wallet provider and transactions provider behind ISIS, the mobile wallet joint venture founded by Verizon, AT&T, and T-mobile. C-SAM also processes mobile payments in Japan, Mexico, Singapore, and Vietnam. The agreement emphasizes the importance MasterCard puts on mobile payments and smooth transactions in the mobile channel.

(More)…

 
formats

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

 
© The Fraud Practice LLC 2012