PayPal unveiled a revamped version of its Log In commerce identity system optimized for mobile devices.
Coffee company Starbucks continues to see significant traction in its mobile efforts--the company said more than 10 million people are "active" users of the company's mobile apps, and that the company now counts close to 4 million mobile payment transactions per week (up from 2 million near the end of last year and 3 million a month ago). This, the company said, accounts for roughly 10 percent of the company's total "U.S. tender."
With all the hype surrounding mobile payments, it's easy to be fooled into thinking credit cards and cash are a thing of the past. Stepping foot into any major retailer, however, proves otherwise. The stark reality is that mobile payment initiatives continue to spin their wheels, largely due to the poor value proposition being sold to merchants
PayPal is rolling out a series of new tools enabling developers to offer more frictionless payment experiences within their mobile applications.
Bill Gajda, Visa's global head of mobile since 2010, sat down with FMC's Sandhya Raman at last week's Mobile World Congress trade show to talk about these announcements and Visa's mobile strategy at large. The following is a lightly edited version of that conversation.
Visa's payWave application will come pre-installed on all next-generation Samsung phones, in a new partnership between the financial giant and the handset maker.
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 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.