We all know that for mobile payments to ignite, consumers and merchants have to see the value. But what MPD Managing Director, John Caron saw yesterday didn’t blow him away. If it’s all about payments, then he’s not convinced it’s enough to get anyone to...
Say hello to Apple Pay. It’s the new kid on the payments block and, depending on how things unfold, it could be the new gorilla in the mobile payments ecosystem. MPD CEO Karen Webster shares her first thoughts on what Apple Pay is and how...
Talk about your fire sale. Amazon on Monday (Sept. 8) slashed the price of its 32-GByte Fire smartphone from to 99 cents—barely two months after launching it at $199. The requirement to have a 2-year AT&T contract remained. The Wall Street Journal said that the...
Most of the largest retailers have moved to EMV-based systems, but smaller businesses are well behind. And of those that have embraced the chip card standard, most also are including Near Field Communication chips in the terminals, executives at terminal manufacturer VeriFone Systems Inc. noted...
Apple has reportedly negotiated deals with several leading issuers to extend card present rates to Apple for all transactions involving their cards with Apple’s new mobile payments scheme. On top of that concession, they have agreed to give Apple back part of the card present...
For farmers across the developing world, being trapped in a cash-based economy is costly. Those costs come in all forms—what commodity buyers farmers can work with, security risks associated with constantly carrying around large wads of currency, the unpredictable price fluctuation and pressure to produce...
A little more than a year after mobile industry exec Dekkers Davidson took the reins as CEO, The Merchant Customer Exchange (aka MCX) gave us all a little peek into its mobile payments strategy Wednesday (Sept. 3). The MCX new mobile payments network, branded CurrentC™,...
It wasn’t long ago that this time year was the chance for preppy students to show off their ability to stay hip by wearing the latest fashions in back-to-school dress. Clothing, however, apparently isn’t as fashionable these days as having the latest tech. And this...
“If only Apple weren’t so secretive, if only we knew what their intentions were toward mobile commerce,” said every payments player everywhere at some point ever. Bad news: the team at PYMNTS cannot read Apple’s mind. Good news: PYMNTS can do the next best thing--read...
