PaymentsSource

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PaymentsSource

 •  November 20

As banking business models have changed, so too has the mobile payments ecosystem. Historically, the term "mobile payments" has been synonymous with Near Field Communication. For years now, the industry has been asking the same question: When will mobile NFC payments really take off? Perhaps now is the time to ask different questions. Consider...

PaymentsSource

 •  November 20

Widespread data breaches have sparked a rise in account-takeover fraud using stolen consumer credentials, prompting merchants to crack down on suspicious purchases. But too many legitimate customers are getting caught in the process. Improperly blocked transactions or false declines are on the rise—in 2017 they will exceed $300 billion in the...

PaymentsSource

 •  November 20

PayPal is following its investment in micro-investing app with a direct link, vastly expanding the app's addressable market. Acorns, which is aimed at acquiring new investors and underserved markets, rounds up users' credit and debit card payments to the nearest dollar. It invests that difference in the stock market. When consumers log into their...

PaymentsSource

 •  November 17

The transit industry today is working to improve the user experience and reduce barriers between transportation systems by transitioning to contactless open fare payment systems. Open payments for transit fare collection allow passengers to use contactless bank cards to ride the system without having to convert cash or card payment into a transit...

PaymentsSource

 •  November 17

Ready or not, the frenzy of Black Friday, Cyber Monday and the overall holiday shopping season is upon us. For retailers who can often earn up to 30% of their annual revenue in just the last two months of the year, the holiday shopping season can make or break annual projections. This year, the National Retail Federation predicts that retail sales...

PaymentsSource

 •  November 17

Garmin International’s newest smartwatch now supports contactless payments through a partnership with Fit Pay Inc. Olathe, Kan.-based GPS device-maker Garmin has licensed the FitPay white-label contactless payments service for Garmin Pay, available with its Vivoactive 3 smartwatch to support payments at Near Field Communication-enabled terminals,...

PaymentsSource

 •  November 17

BigCommerce has added PayPal Credit as a payment option for merchants using its e-commerce platform. Austin, Texas-based BigCommerce merchants may include a standalone PayPal Credit button to offer consumers flexible financing, which is particularly appealing for merchants selling higher-ticket items like furniture, BigCommerce said in a Friday...

PaymentsSource

 •  November 16

What happens when your Uber ride reaches your destination? You get out of the car. No fumbling around for your wallet. No need to worry about tips. In fact, you don’t even need to worry about having any cash on you at all. The same goes for Amazon. Or Venmo. You can check out and pay in one click. Or, you can split bills online, no awkward...

PaymentsSource

 •  November 16

Consumers are increasingly concerned about payment card fraud, but it remains to be seen how much work they’re willing to do to protect themselves when they’re not directly liable for monetary losses from stolen cards. Token Payments Inc. is going to test consumers’ interest in helping to block card fraud by launching a mobile app that generates a...

PaymentsSource

 •  November 16

U.K. startup Flux has signed up a few banks for its platform that delivers real-time receipts to mobile banking apps. The problem is that few retailers are interested, and experts say that’s not likely to change any time soon. So far only two merchants are on board—the fast-casual dining chain EATS with more than 100 London locations, and one...