PYMNTS-MonitorEdge-May-2024

Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Source: investopedia.com

Mastercard and NatWest Launch Mobile Virtual Card Partnership
Mastercard and NatWest Launch Mobile Virtual Card Partnership
November 04, 2024  |  Partnerships

Mastercard and NatWest partnered to introduce a mobile virtual card payment tool for businesses in the United Kingdom. Approval2Buy is the first service in Europe...

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Thunes QR Code Payments Tool Streamlines Transactions for Travelers Visiting China
Thunes QR Code Payments Tool Streamlines Transactions for Travelers Visiting China
October 22, 2024  |  Mobile Wallets

Thunes launched a payments tool to help travelers doing business in China. The company’s new QR Code Payments solution enables foreign mobile wallets and financial...

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Apple Pay’s 10-Year Journey and Its Next Decade of Decisions
Apple Pay’s 10-Year Journey and Its Next Decade of Decisions
October 22, 2024  |  Apple Pay

PYMNTS Intelligence published its annual report on the usage and adoption of Apple Pay yesterday (October 21). That report marked the ten-year milestone of Apple...

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No Cash, No Problem: Mobile Payments Surge as Businesses Ditch Hardware
No Cash, No Problem: Mobile Payments Surge as Businesses Ditch Hardware
October 21, 2024  |  Mobile Wallets

Gone are the days of customers fumbling in their back pockets for cash or cards. “Innovations like tap on mobile and mobile wallets go a...

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Thredd CEO: Unbundling of Banking Changes the Merchant Acquiring Game
Thredd CEO: Unbundling of Banking Changes the Merchant Acquiring Game
October 03, 2024  |  Payments Innovation

For decades, the “classic” four-party model dominated card payments — where the quartet was comprised of the cardholder, the merchant, the acquirer and an issuing...

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Amex: Restaurant Sector Digital Payment Innovation Helps Meet Diner Demands
Amex: Restaurant Sector Digital Payment Innovation Helps Meet Diner Demands
September 25, 2024  |  Restaurant innovation

The restaurant industry is undergoing a digital transformation. While the evolution is being driven by a growing demand by customers for seamless, efficient and personalized...

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Insurance Needs to Be as Digital as the Millennials and Gen Zs It Wants as Customers
Insurance Needs to Be as Digital as the Millennials and Gen Zs It Wants as...
September 17, 2024  |  Insurance

In an era where digital transformation is reshaping industries across the board, the insurance sector is no exception. One of the companies with a stake...

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Visa and BofA See Contactless Payments Hit Their Post-Pandemic Stride
Visa and BofA See Contactless Payments Hit Their Post-Pandemic Stride
September 10, 2024  |  Digital Payments

Turns out contactless payments were a lot more than a pandemic solution. They were in development as early as 2008, but what began as a...

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Apple Unveils iPhone 16 and Touts AI Features
Apple Unveils iPhone 16 and Touts AI Features
September 09, 2024  |  Apple

Apple is trying to shake up the AI and smartphone landscapes with its new iPhone 16 lineup and a cautious rollout of Apple Intelligence, a...

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