Several major US banks reportedly team up on new digital wallet project
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Only Visa now stands in the way of Apple Pay reaching the top spot globally.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Researchers from UK universities found up to £1,000 can be siphoned from a user’s cards.
This week Luc tackles Apple Pay integration for fintechs looking to level up their payments.
Former Apple Pay executive Rob Orgel joins the team.
“If you don’t go mobile […] then you’re going to look like Nokia,” says Richard Crone.
Only if the user’s bank’s app supports these payments.
It also allows for cash-backs.
Double delight for its boon customers in Germany and France.
Alleged boycott of Apple Pay and Samsung Pay in favour of TWINT.
Spanish bank is slow off the mark.
Within minutes of applying for an OCBC Bank card, you could be using it via Apple Pay.
Via an exclusive partnership with Itaú Unibanco.
bunq is expanding into Spain and Italy, and has also introduced Apple Pay, the first in the Netherlands.
Affirm InStore, an alternative to traditional credit cards at brick-and-mortar merchants.
This week Apple Pay celebrated its third birthday, and ACI Worldwide and Aite Group released data on rising mobile wallet usage, indicating that consumers in the U.S. and Europe are starting to catch up with those in Asia and Latin America where mobile wallets dominate.
It’s been a busy week for mobile wallet partnerships. Several companies announced deals to offer mobile wallets to their customers in the U.K., Australia and Europe. Challenger bank Starling says it’s the first in the U.K. to offer in-app provisioning.
Probably not. Even so, the case for virtual prepaid accounts is growing stronger. A journey through the landscape—including a stop at a recent Apple conference—shows why.
Can a mobile payment service gain users by offering instant access to credit card accounts? Walmart is about to find out. The retail giant has launched a program that enables Walmart Pay customers to spend via their credit lines immediately upon approval instead of waiting for plastic cards to arrive.
Google has a new plan to become a bigger player in payments. The search engine and web marketing giant said that it’s enabling merchants and developers to “turbocharge checkout conversion” by making it easier for consumers to use the credit cards and debit cards stored with Google.
The right technology—the systems that encourage consumer loyalty and spending—do much more than speed up checkout. An expert explains why.
The Alipay online payment platform operated by Ant Financial Services Group is moving further into North America through an agreement with payments technology provider First Data. Alipay is considered the world’s largest online and mobile payment platform, with more than 450 million global active users.
Google is banking on mobile apps to boost its mobile wallet. The Android Pay parent has linked that service to a handful of banking apps, giving consumers the ability add their cards more quickly to the mobile wallet.
Facing increased competition from mobile P2P services, money transfer giant Western Union has made a move to bolster its own mobile offerings. U.S.-based users of Western Union’s mobile app now can use Apple Pay to send money from within the app domestically, or to more than 200 countries and territories.
A drive through the emerging landscape of in-vehicle transaction projects shows a wide variety of services that could appeal to consumers and push payments forward. But there’s still work to do before automakers are off to the races.
Another bell has tolled for the mobile payment service operated by the nearly 3-year-old MCX, a consortium of large retailers. JPMorgan Chase, whose own Chase Pay mobile wallet has been making serious strides, has acquired the technology that underpins CurrentC, the MCX mobile payment product that never went beyond pilot stage.
Reloadable prepaid cards are a hit with Canadian consumers, with 95 percent of them saying they are satisfied with the products in 2016. That represents an increase of 22 percentage points from 2015, and stands as the highest satisfaction rate for all payment tools, according to the second annual survey from the Canadian Prepaid Providers Organization.
Look for Chase Pay at the POS at your local Best Buy, just in time for this year’s U.S. holiday shopping season, Chase announced Sept. 14. Chase this week also made a noteworthy security move. On Sept. 12, JPMorgan Chase—without announcing it—reversed its security position on its mobile app, removing the need to type in a password once a customer has already been authenticated by either Apple’s Touch ID or an Android biometric scan.