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.
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.
The gold rush to win the mobile payment race has attracted a lot of different companies, however it's still unclear which ones will succeed at this multi-billion dollar industry.The ecosystem is currently divided into two camps: vendor-driven and user-driven initiatives.
Groupon released an updated version of its Merchants application for Google's Android operating system, adding support for the GrouponPayments transaction processing platform.
At the helm of Visa's mobile strategy is industry veteran Bill Gajda, Visa's global head of mobile. Gajda, who has been in the position since 2010, previously served as a chief executive at the GSMA. FierceMobileContent 's Sandhya Raman recently spoke with Gajda about the future of mobile payments and the importance of NFC.
VeriFone Systems is pulling out of the mobile payment processing segment dominated by Square and PayPal, calling the market "fundamentally unprofitable."
Square is now processing $10 billion in annual mobile payment transactions, up from $8 billion in mid-September and exploding from $2 billion a year ago.
SAN FRANCISCO--Walmart is testing a technology that will allow smartphone users to search for specific items in a store and find their exact location in that store. The company is testing the service in its San Jose, Calif., store, said Gibu Thomas, SVP of mobile and digital at Walmart.