As part of an effort to push its mobile payment app as deeply into retail as possible, China-based Tencent Holdings has increased the size of its minority ownership of a shopping mall and logistics developer. “Tencent’s deepening ties with China South City Holdings could create...
Apple Pay may be the catalyst that mobile payments needed to get the payments ecosystem cranking, but that’s not all it did. It’s launched a whole new focus for the largest payments network in the world – tokens and data. Visa’s mobile chief, Bill Gajda,...
The biggest surprise in August’s retail sales numbers was actually of no surprise to Sarah Quinlan, SVP of MasterCard’s Market Insights. Quinlan’s read of those tea leaves all along pointed to continued spending. Yet Quinlan told MPD CEO Karen Webster that she’s not as convinced...
Last month, Amazon officially entered the mPOS market with Amazon Local Register, focusing on helping the local retailers get local sales data and, in turn, feed Amazon and use its platform offline. How big of a dent will the e-commerce giant make in space, and...
Just about everyone seemed absolutely giddy over Tim Cook’s breathless announcement of how Apple is revolutionizing payments. I’m hoping now that maybe, with a couple of weeks’ of distance and with at least some of you experiencing the buggy iOS8 operating system, I can make...
It’s clear that Apple has a tremendous amount of influence when it comes to consumers and their technology, a path SecureNet’s CEO Brent Warrington, says consumers are quite comfortable traveling. But Warrington tells MPD CEO Karen Webster that getting into payments is a much bigger...
After the Home Depot breach of some 56 million pieces of card data, it was only a matter of time before it would deliver the fraudulent purchases that fund such an attack. That time has now arrived with bad purchases now “rippling across financial institutions...
Meeting the needs of the omnichannel consumer is hard. Yet consumers have very little patience with merchants that can’t meet their needs. A new Vantiv Insight report provides new perspectives about why consumers give merchants a failing grade on their omnichannel report cards and what...
Is a vague comment from the CEO of SoftCard (formerly ISIS, the AT&T, Verizon and T-Mobile mobile payment effort) that his group is “actively working with Apple” to be permitted onto the iPhone in 2015 “using integrated secure SIM-based hardware” an indication of a future...
