Visa is launching a mobile payments initiative to accelerate the migration from cash to digital commerce.
Square is expanding its Register point-of-sale application for Apple's iPad tablet with the introduction of Business in a Box, offering brick-and-mortar retailers a complete point-of-sale system for accepting payments, tracking sales and sharing product and location information.
Isis will revamp its mobile wallet user interface in collaboration with a new software partner and plans to expand its contactless payment platform to Apple's iOS, NFC Times reports.
The integration of near-field communication technology and cloud-based systems in the mobile payments market poses security risks, warned Frost & Sullivan.
Ovum Research selected the KT MoCa alliance, which involves firms ranging from banks and retailers to mobile payment technology providers, as the most innovative telco service offering of December.
The average Isis consumer in Salt Lake City uses the Isis wallet five or more times a week, according to Isis Chief Sales Officer Jim Stapleton, speaking at a panel at the Smart Card Alliance 2013 Payments Summit in Utah. In addition, Stapleton revealed that the average Utah Isis user follows five businesses via the Isis wallet, which he said results in stronger brand loyalty.
I am not a patient person, I admit this. I recently acquired a FastLane transponder for my motorcycle because having to wait behind a caravan of drivers fumbling in their collective glove boxes for quarters at toll booths drives me loopy. Airport security is excruciating--not for the degrading nature of divulging the contents of your life to the masses, but for the rookie travelers that choke up the system.
Retailers are increasingly using mobile devices as a delivery channel for coupons in an effort to drive consumers to stores and to improve consumer engagement and retention, according to a report by Juniper Research.
Mobile and digital payments firm Braintree Payments revealed Venmo Touch, a new service that the company said brings one-touch payment capabilities to a variety of apps. The service is currently in a private beta and will be available to users of HotelTonight, TaskRabbit and Wrapp in the next few weeks.
Square COO Keith Rabois is leaving the fast-growing mobile payments startup. Square CFO Sarah Friar will serve as acting COO while the firm searches for a permanent replacement.