The Knot and PayPal released a survey with a key finding that they want to pay for their wedding electronically and on their smartphones. With PayPal, couples can send money and make deposits to vendors quickly on their smartphones, especially on their wedding day.
A new MasterCard study reveals digital wallets are the main topic of discussion online when it comes to payments innovation in some of the world’s biggest emerging markets including India, China, Indonesia, Malaysia, Nigeria and the UAE.
With huge influx of new payment solutions into the industry, both opportunities and challenges for merchant acquirers have reached a new level. There is paradigm shift from conventional services, such as accepting mag-stripe debit/credit cards, and mail and telephone orders, to new acceptance channels as a result of e-commerce/m-commerce, contactless technology, mPOS and omni-retailing.
Synchrony has become the private label credit card issuers to give its cardholders the ability to add their cards to Samsung Pay, the mobile payment service which launched today in the United States and works almost anywhere customers can swipe their cards.
Sweden’s Fingerprint Cards touch fingerprint sensor FPC1025 is now in ZTE’s smartphone Axon Mini. Already received as well as expected revenues in 2015 that relate to sales of FPC1025 for this smartphone model are included in FPC’s communicated revenue guidance of approximately 2,500 MSEK for 2015.
Fifty percent of a new survey respondents said they have installed a mobile app from their bank. Of those respondents, 70% said that they use the app a few times a month or more.
U.S. Bank and Elavon announced the availability of Samsung Pay to offer more payment choices and convenience to their customers.
Consumers and small businesses with U.S. Bank Visa credit and debit cards may now load their cards onto eligible Samsung mobile devices and pay using Samsung Pay.
Detroit-based Graphite Payments is offering the necessary hardware to help merchants handle the changes to payment processing standards in the U.S. As of October 1, merchants who have not transitioned to the new, higher security EMV card standard will be responsible for a larger share of the cost in the event of fraud or a customer data breach.
Naples, FL-based ACI Worldwide announced its involvement in several key boards and councils around the globe all with a singular focus of driving industry standards for real-time and immediate payments.
Global Payments (GPN) is offering its merchants in the USA the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider, Global Payments’ robust suite of payment solutions is fully enabled for acceptance, allowing merchants to offer their customers the convenience of Samsung Pay.
First Data supports Samsung Pay, now available for in-store use in the USA. Samsung Pay will be accepted across First Data’s point-of-sale devices, including the innovative Clover family of business management solutions. First Data’s STAR Network, the largest independent debit network, will also support Samsung Pay.
In today’s CardFlash News Que: SYNAPTICS (Vibe P1); TIMETRIC (acquiring); HYPERWALLET (award) and THREATMETRIX (cybersecurity).