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Archive for November, 2015

Bitcoin ‘Crypto’ Exchange Launches Obits Currency Offering Stake In Revenues

Thursday, 19 November, 2015

Cryptocurrency exchange CCEDK has officially launched Obits, a new currency, that aims to reward holders with a share of its revenues from transactions, referrals plus income from new bourse initiatives. Whilst at the pre-sale stage until a full public launch next month, Obits can be bought with Bitcoin and fiat …read more

Source:: Forbes – Technology

Charles Cawley, Who Made MBNA into Credit-Card Power, Dies at 75

Thursday, 19 November, 2015

Charles Cawley, who founded MBNA Corp. and built it into an affinity credit-card empire that was sold to Bank of America Corp. for $35 billion, has died. He was 75. …read more

Source:: Payments Source – Credit

Western Union unlocks WeChat’s popularity to fuel cross-border mobile payments

Wednesday, 18 November, 2015
WeChat is gaining steam in mobile commerce

WeChat is gaining steam in mobile commerce

Western Union is bringing global money transfers to the forefront by enabling WeChat application users in the United States to distribute funds to 200 countries and territories via the messaging service.

The WU Connect platform now allows consumers to send cross-border payments to more than …read more

Source:: Mobile Commerce Daily feed

JetPay Lures Merchants with Underutilized Cash Tender Discounts

Tuesday, 17 November, 2015

Merchants have long known card network rules permit them to charge a different price for accepting cash versus cards, but outside of gasoline retailers, most merchants haven’t done much about it. …read more

Source:: Payments Source – Processing

New Orleans, Chicago drive commuter convenience with mobile ticketing

Monday, 16 November, 2015
New Orleans has introduced mobile ticketing

New Orleans has introduced mobile ticketing

Mobile ticketing for public transportation continues to gain steam, with New Orleans having recently launched a citywide program and Chicago dipping its toes in the water by letting commuter rail riders use tickets on their smartphones.

This week, riders of buses, ferries and streetcars in New …read more

Source:: Mobile Commerce Daily feed

Apple Forays Into Payments: Could The US Finally Have Easy Peer-to-Peer Payments?

Saturday, 14 November, 2015

We might finally be able to do what folks in Kenya and India have been doing for years now: send money to each other without hefty fees or writing a check.
This week, Apple hinted at a new payment system that would allow peer-to-peer transfer. This could be a game …read more

Source:: Forbes – Technology

Square Sees Rise In Fraud Rates As It Readies For IPO

Friday, 13 November, 2015

Square has seen an uptick in fraud rates lead to millions of dollars in losses in the first nine months of 2015. …read more

Source:: Forbes – Technology

How Apple could shake up mobile person-to-person payments

Friday, 13 November, 2015
apple pay

With no one company currently dominating person-to-person payments on mobile, Apple is reportedly hoping to extract the significant value that exists in this area for the right player.

As millennials increasingly use their mobile devices to make small payments to one another, P2P payments have attracted a number of companies, from …read more

Source:: Mobile Commerce Daily feed

McDonald’s partners with Japanese wireless carrier for mobile payments promotion

Thursday, 12 November, 2015
Screen Shot 2015-11-11 at 3.32.34 PM

McDonald’s in Japan is partnering with wireless carrier NTT Docomo, enabling customers who pay at most of the chain’s 3,000 locations nationwide using the iD mobile payment platform to receive discounts on their purchases.

Starting next month, customers at McDonald’s who pay via Docomo’s iD mobile payment platform with one of …read more

Source:: Mobile Commerce Daily feed

How Visa bets on connected moms to drive mobile payments

Monday, 9 November, 2015
Connected moms are a valuable target audience

Connected moms are a valuable target audience

As Visa continues to evangelize its mobile payment platform, Visa Checkout, the brand has seen strong support from connected moms, who can quickly take an offer viral.

The global payments company undertook a partnership with Pizza Hut last year that saw the quick service chain …read more

Source:: Mobile Commerce Daily feed