Wireless carriers are likely to see their role in NFC revenue diminish, according to a new report from Juniper Research. “The report, NFC Mobile Payments: Apple Pay, Host Card Emulation & SIM Based Opportunities & Forecasts 2014-2019, forecasts that just three percent of NFC mobile payments...
CurrentC made a lot of headlines this week, but not because they meant to. The PR backlash as a result of the decision on the part of CVS and Rite Aid to disable NFC, and therefore Apple Pay, caused the mainstream media and social media...
If Visa’s focus on its digital marketplace wasn’t clear before, CEO Charles Scharf made it clear during Wednesday’s (Oct. 29) earnings call. Its role in the digital marketplace also involves its popularity with Apple Pay users. While Visa is a strong backer of Apple Pay, Scharf...
What does the future of retail look like — for convenience stores and gasoline retail? Last month, MPD CEO Karen Webster spoke one-on-one with Aurus CEO Rahul Mutha on the “tripod” situation that retailers face – the challenges around EMV, data security breaches and customers’...
TSYS on Tuesday (Oct. 28) reported third quarter revenue of $616.9 million, an 8.1 percent increase, and income from continuing operations jumped 27.9 percent to $82.9 million. It also reported double-digit revenue growth in three key segments. “We had an outstanding third quarter as we...
It started with the Rite Aide and then spread to CVS, now, according to NYT reporting the battle for the merchants between Apple and MCX is heating up as more major retailers are finding that though they might be interested in taking mobile payments, they...
In the weeks following the Apple Pay debut, players in the industry have been figuring out ways to complement, or compete against, the new mobile payments juggernaut. Within the world of mPOS, that means Apple Pay is being worked into existing platforms – a work...
Here’s a cyberthief twist. Thieves are routing bogus transactions through Brazil and are riding under the cover of EMV. The twist? “They were all submitted through Visa and MasterCard‘s networks as chip-enabled transactions, even though the banks that issued the cards in question haven’t even...
Apple CEO Tim Cook said that more than one-million payment cards were activated within Apple Pay within 72 hours of its launch a week ago. Cook also dismissed the CVS and Rite Aid decision to back down to MCX and stop accepting Apple Pay as...
