How Big Data Can Drive Mobile Payments Adoption June 18, 2013How banks decide to use their customer data to make relevant coupon offers to consumers will determine their place in the mobile payments ecosystem. Mobile Wallets Still Struggling to Gain Traction June 11, 2013A report from Carlisle & Gallagher evaluated twenty prominent wallet products on payment capabilities and customer experience.
Worldwide Mobile Payment Transactions To Reach $235 Billion in 2013 June 04, 2013A new report from Gartner also predicts the number of mobile payment users worldwide will reach 245 million this year. Automating B2B Payments: The Next Frontier May 28, 2013Business-to-business payments have lagged far behind in switching from paper to electronic payments methods, but banks and their commercial clients could benefit from emerging automated B2B payments solutions. The PayPal vs. Square Battle: Who’s Your Money On? May 22, 2013After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email. Google Enables Payments Through Gmail to Garner Google Wallet Adoption May 17, 2013With Google Wallet under-performing in the last couple years, Google is now integrating its wallet into Gmail to allow users to send money through the popular email service. Trust Revisited: How Banks Can Redefine Relationships One Swipe at a Time May 15, 2013Banks have lost a great deal of public trust since the financial crisis, but they can recover some of that trust by fulfilling consumers’ desire for innovative and convenient mobile solutions. Fees On Real-Time Foreign Account Transfers Could Generate $1.1 Billion for Banks, Study Finds May 14, 2013New research from FIS shows that a number of consumers, particularly those that use foreign account transfers, would be willing to pay a fee to get their payments processed in real-time by their primary bank. Visa Enhances POS Offers Program May 13, 2013The card scheme is enhancing its Visa Offers rewards program to include customizable content and real-time offers.
CIBC Expands Mobile Payments May 10, 2013The Canadian bank announced its mobile payments app will now be available for Android smartphones.
Google Wallet Head Osama Bedier Quits May 09, 2013Osama Bedier, the head of Google Wallet, has quit the company after two years in charge in which the solution has failed to gain widespread appeal. Mobile Payments Marked by Fragmentation and Increasing Channel Convergence, Says Fed May 07, 2013A report from the Federal Reserve Bank of Boston states that the past two years in the mobile payments market were characterized by an expanding fragmented market environment and frequent technology innovations.
Real-Time Payments Offers Opportunity to Build Customer Loyalty, Study Finds May 06, 2013Consumers are not only interested in real-time payments, but they’d prefer their primary financial institution to be their real-time payments provider, a recent FIS study suggests. Mobey Forum Tackles Mobile Payments May 03, 2013The industry group has formed a task force to assess the mobile point of sale market in North America and Europe.
Mobile Point of Sale Solutions Could Increase Consumer Card Payments By More $1 Trillion A Year, Study Says April 30, 2013A new report by Javelin says there are nearly 20 million merchants who could start accepting card payments as a result of wider adoption of mobile POS solutions. Mobile Growing, But Still Not Preferred Channel April 30, 2013Trends in mobile banking were a big topic at the CEB Tower Group Financial Services Technology conference.
Rewarding Customers and Calming Security Concerns Key to Mobile Payments Adoption, Survey Finds April 29, 2013In a recent survey by Accenture, smartphone owners picked security as their top concern in adopting mobile payments, and showed interest in value-add features for mobile payments like coupons and rewards points. First Data Names JPMorgan Co-COO As Its New CEO April 29, 2013Frank Bisignano, who also led JPMorgan's mortgage banking business in the wake of the mortgage crisis, will lead payments management company First Data at a time of great change in the payments industry. NACHA Payments 2013 In Quotes April 26, 2013Some thought provoking quotes on mobile payments, the growing prepaid card market and more from NACHA Payments 2013. ViewPointe Rolls Out Web-Based ACH Compliance Product April 24, 2013The offerings is designed to help businesses that are initiating ACH payments to assess their compliance with NACHA network rules.