Payments Dive

JULY 30, 2019

Despite years of hype and expectations that failed to materialize, mobile payment adoption in the U.S. may be close to a breakthrough as issuers transition to contactless cards and retailers make significant upgrades in POS systems.

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Mobile Payments Retail System 406

PYMNTS

MAY 28, 2020

As retailers scramble to capture the digital shift, it’s easy for some overlooked details, such as unanswered customer complaints, to harm their brands. In payment methods, a shift to contactless is underway, and the stage is set for consumers to embrace mobile wallets more widely. consumers who have at least one contactless card.

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Mobile Technology Retail Payments 141

PYMNTS

JULY 15, 2020

In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. And in mobile, many consumers would be willing to make room for more apps that can offer increased control over their spending. All this, Today in Data.

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Retail Technology Cards Innovation 130

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. More merch ants are enabling mobile wallet payments, as well. Around The Next-Gen Debit World.

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Cards Fraud Retail Online 162

PYMNTS

JULY 11, 2019

Mobile devices have enabled monitoring and management to a degree once thought impossible. They can also see where a child or partner is using a shared credit card in real time and can even restrict usage at establishments deemed off-limits. The thing is, fewer than one-quarter of consumers currently use mobile card services.

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Cards Mobile Retail Fraud 122

PYMNTS

NOVEMBER 18, 2020

The November/December Smarter Payments Tracker ® examines how firms are putting payroll apps and prepaid cards to use to resolve frictions for their global workforces. The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. Around The World Of Smarter Payments.

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Mobile Payments Cards Retail 220

PYMNTS

AUGUST 14, 2020

“Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. the odds of beating the bad guys are moving in retailers’ favor. “I The Challange With Card-Not-Present Transactions .

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Cards Fraud Retail Security 293

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. If the U.S.

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Retail US Cards United States 290

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag.

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Cards Data Mobile Survey 151

Bank Innovation

APRIL 3, 2017

Amazon announced its new Amazon Cash offering this morning, alongside a list of participating retailers which thus far include CVS pharmacy and Speedway. However, Amazon Cash seems to be less of a mobile wallet, and more of an alternative payment method for consumers, who lack traditional ways to pay.

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PYMNTS

AUGUST 8, 2018

Global tech startup Beam Wallet is ready to launch a new mobile payment solution, which will link smartphones and blockchain technology to enable faster and simpler retail payments. In Dubai, for example, we have seen consumers willing to pay using their mobile when incentivized to do so.

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blockchain Mobile Retail Payments 104

PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Through collaborations, Samsung Pay launched a rewards program, the first mobile payments platform to do so, the company said. Contactless mobile payments are growing worldwide, but the U.S.

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Samsung Management Cards Regional 230

PYMNTS

MAY 27, 2020

As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. As Good noted, four in 10 U.S.

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PYMNTS

APRIL 17, 2020

To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.

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PYMNTS

NOVEMBER 16, 2020

They have paid down their credit cards. The main one centers on the drop in credit card spend. A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019. Here’s the scenario.

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Cards Retail Survey Trends 302

PYMNTS

FEBRUARY 13, 2019

Kroger , one of America’s largest supermarket chains, is introducing a new mobile payment option and a loyalty rewards card, according to reports. The mobile payment option, called Kroger Pay, is available in any Kroger apps for both Android and iOS. Paying with the app and using one of Kroger’s cards will reap extra benefits.

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Mobile Cards Columbus Colorado 177

PYMNTS

DECEMBER 8, 2020

Walgreens has followed in the footsteps of Walmart and Amazon to join the retailer-as-ad-agency trend , while BigCommerce recently launched Open Checkout to let developers, retailers and partners create tailored checkout experiences. And in B2B payments, virtual cards are helping firms manage spend in real time.

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Retail Data Trends Online 187

Bank Innovation

FEBRUARY 17, 2017

Wells Fargo’s mobile user numbers are higher than ever—but that’s not thanks to new activity by consumers. According to the retail banking numbers the banks released today for the month of January, its customers aren’t opening as many accounts—are, in fact, closing more of them—and aren’t applying for as many Read More.

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Mobile Cards Retail Online 230

PYMNTS

JULY 7, 2020

Now a new Israeli tech accelerator is turning its efforts toward retail innovation and helping to start new technologies for payments and biometrics. Called the Retail Innovation Club , it was founded as a facilitator as well as an accelerator. “We Healthcare startups have shifted into retail tech with in-store solutions.

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PYMNTS

SEPTEMBER 23, 2020

23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States. percent cash back on all of their eligible spending with the debit card. The companies said in a Wednesday (Sept. In the U.S.,

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Cards United States ATM Retail 363

PYMNTS

OCTOBER 30, 2019

And the race to provide such apps – along with better mobile financial and transactional services – is heating up, with fuel coming from such products as Apple Card along with changing consumer preferences. An Apple Card-Like Experience. And there has been at least one early surprise in these infant days of Card App, he said. “We

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Cards Mobile Apple Retail 103

PYMNTS

DECEMBER 12, 2018

Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. While Amazon Go may have made consumers aware of cashierless checkout (or at least the popular notion of it), a similar idea is also being applied to unattended retail on a smaller scale.

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PYMNTS

JUNE 10, 2020

In investments, retail dispute management firm Chargeback closed a funding round to speed up growth and to help retailers reduce credit card disputes. And in tech, the future of retail may include mobile scanning. The company brought its app and device to market just two weeks ago. All this, Today in Data.

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Retail Technology Innovation Data 150

PYMNTS

OCTOBER 5, 2020

Venmo , the mobile payment service owned by PayPal , announced Monday (Oct. 5) it has introduced its first-ever credit card issued by Synchrony and powered by the Visa network, according to a press release emailed to PYMNTS. It features automatic cash back on eligible purchases and the ability to manage the card in the Venmo app.

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Cards Mobile Management Payments 226

PYMNTS

NOVEMBER 19, 2020

Blackhawk Network noted that mobile wallet adoption in the U.S. Google is looking to capitalize on some momentum around mobile wallets. consumers now make purchases within retailer apps — a significant jump from the 21 percent who did so pre-pandemic. Mobile wallet transaction value could exceed $1 trillion by 2024.

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Google Mobile Apple Survey 254

PYMNTS

FEBRUARY 25, 2019

Consumers are looking to their smartphones to manage their money with the help of mobile card services (MCS) in 2019. percent: Portion of MCS users without financial dependents who use MCS with their primary cards. Data: $190.6 million: The fourth quarter revenue of Domino’s, which was up 21.4 percent year over year.

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Cards Mobile Data Branding 148

PYMNTS

JUNE 22, 2020

To provide a new method for cardholders to save on their cell phone bills, Verizon plans to debut the Verizon Visa Card. We worked in partnership with Verizon to create a unique, robust rewards program for their customers that uses simple and easy tools to apply, buy and service the card account.”.

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Cards Mobile Tools Retail 181

PYMNTS

OCTOBER 9, 2020

trillion opportunity for eCommerce retailers. Fraudsters are just as excited by this opportunity as merchants, unfortunately, making it essential for these retailers to craft robust protections to keep the data and the payment information of their consumers safe. Around The Next-Gen Debit World.

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Fraud Retail Report Online 188

PYMNTS

JULY 15, 2020

Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.

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Apple Cards Innovation Conference 243

PYMNTS

AUGUST 20, 2020

It’s similar in those segments of the merchant/retailer community that were slower to adopt contactless payments and also digital payments, where circumstances have really forced the acceleration of their adoption as well.”. The New Samsung Pay Card . But the Samsung Pay Card powered by Curve works differently.

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Samsung Cards Payments Innovation 238

Bank Innovation

JULY 20, 2017

Banks are taking the battle for millennial customers where it belongs: mobile. Citibank and JPMorgan Chase users will now be able to link cards to PayPal via mobile, allowing customers of both banks to add cards before paying online and in-store via the PayPal mobile wallet, both banks announced today.

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Mobile Millennials Cards Online 295

PYMNTS

APRIL 7, 2017

A world without checkout lines and a farewell to the fat wallet were just some of the tantalizing outcomes foreseen as mPOS devices started to make their way into retail stores years ago. Alas, consumers and merchants are still awaiting the realization of the envisioned blissful, wait-free retail utopia that was envisioned a while back.

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Mobile Retail Payments Trends 124

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. The mobile wallet can now be used on 92.8 up from 39.3

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Mobile Apple Cards Millennials 140

Accenture

OCTOBER 9, 2019

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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Cards Analysis Retail Apple 150

PYMNTS

SEPTEMBER 29, 2020

Global branded payments provider Blackhawk has debuted a new service allowing companies to outsource gift card and eGift program management, according to a news release Tuesday (Sept. The solution works for both companies with existing gift card programs and those looking to start one, the press release said.

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Management Cards Mobile Meeting 182

PYMNTS

OCTOBER 12, 2018

12) that beat the Street on headline numbers – top and bottom – based on traction in consumer spending, and also showed growth in its mobile and digital initiatives. Drilling down a bit, card loans were $147 billion, up 5 percent year on year to $147.9 JPMorgan posted results on Friday (Oct. billion, a 2 percent gain. billion expected.

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Cards Mobile Report Community Bank 143

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. Mobile & tech.

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