Indian mobile commerce and payments FinTech Paytm is seeing its expansion into new areas pay off. The company on Friday (Oct. 20) released quarterly earnings showing its revenues grow, driven in part by a 64% increase in financial services income, while its losses shrank. “For Q2 FY 2024, we...
Discover is expanding its Tap and Pay solution to a series of global transit agencies. The company said the contactless payment solution is now available for cardholders using transit agencies in Spain, Poland and Taiwan, according to a Wednesday (Jan. 18) news release. “As commuting...
A class-action lawsuit in federal court accuses Apple of using its Apple Pay to illegally profit from payment card issuers, taking in $1 billion a year in fees in violation of antitrust laws. The suit, filed Monday (July 18) by the Seattle firm of Hagens...
Brick-and-mortar financial institutions (FIs) compete with digital-only competitors that often take advantage of lower — or nonexistent — physical buildout costs. The former are thus being forced to prove that on-the-ground presences offer added value to consumers, and new technological implementations are helping them create...
July 12, 2024
For Apple, the iPhone and the App Store have historically been linchpins for its ecosystem — where the hardware is an onramp to a broad range of services that forge a continuum of commerce, content and payments. But Apple’s opening its payments tech and its App store to rivals in Europe, which seemingly loosens some […]
January 23, 2019
After many years as a holdout in the world of near-field communication (NFC) payments, Target grabbed a lot of headlines yesterday (Jan. 22) with its announcement that it is embracing contactless payments. Target...
November 15, 2018
How to speed the checkout process? To echo an old Dustin Hoffman film, the answer may lie with one word: plastic. To that end, Chase, the largest card issuer in...
October 20, 2023
Indian mobile commerce and payments FinTech Paytm is seeing its expansion into new areas pay off. The company on Friday (Oct. 20) released quarterly earnings showing its revenues grow, driven in part by a 64% increase in financial services income, while its losses shrank. “For Q2 FY 2024, we continued our momentum with 32% YoY revenue growth, despite some […]
January 18, 2023
Discover is expanding its Tap and Pay solution to a series of global transit agencies. The company said the contactless payment solution is now available for cardholders using transit agencies...
July 18, 2022
A class-action lawsuit in federal court accuses Apple of using its Apple Pay to illegally profit from payment card issuers, taking in $1 billion a year in fees in violation...
December 16, 2019
Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. 16). The Select Digital Gift...
