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 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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Although mobile eCommerce sales accounted for $1.2 billion on each Black Friday and Cyber Monday, consumers shopping in-store were much less likely to pull out their smartphones. According to one payment processor, just 0.6 percent of brick-and-mortar retail transactions in the U.S. on Black Friday were made with a mobile wallet. According to data from
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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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Apple CEO Tim Cook may not have had the year he was hoping for after saying that 2015 would be the year of Apple Pay, but it was a strong year for mobile contactless payments overall marked by increases in adoption and mobile payment volume, several more players entering the arena and multiple partnerships, acquisitions
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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
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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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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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Following Apple’s lead Samsung and Google each announced mobile payment services of their own with a similar naming structure. The recently announced Samsung Pay and Android Pay will both make use of fingerprint biometrics to authenticate transactions as well as tokenization, although all three systems have their similarities and differences. Both organizations announced their planned mobile payment developments
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Samsung, one of the primary Google Wallet partners, announced in late February that they would acquire mobile contactless payment platform and wallet LoopPay, which uses a proprietary phone case or keychain fob to transmit payment information to traditional point-of-sale payment terminals using patented Magnetic Secure Transmission™ technology. Terms of the acquisition, which has potential to
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