Walmart and Best Buy have both said that they will not initially accept Apple Pay transactions, the Wall Street Journal reported on Wednesday (Sept. 10). Due to contractual obligations with a competing mobile wallet, MCX (which Walmart founded and still dominates), neither retailer may have...
Say what you will about Apple, but when it throws one of its product rollout parties, almost everyone wants to play. With Apple’s first official step into mobile payments Tuesday (Sept. 9) and the unveiling of Apple Pay, few in payments wanted to be excluded....
We all know that for mobile payments to ignite, consumers and merchants have to see the value. But what MPD Managing Director, John Caron saw yesterday didn’t blow him away. If it’s all about payments, then he’s not convinced it’s enough to get anyone to...
With Apple out of the way, the other big “A” story in September 2014 is Alibaba and the massive IPO it is launching within the next few weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Say hello to Apple Pay. It’s the new kid on the payments block and, depending on how things unfold, it could be the new gorilla in the mobile payments ecosystem. MPD CEO Karen Webster shares her first thoughts on what Apple Pay is and how...
Having been dragged into a payment card interchange lawsuit, Visa Europe Limited and Visa Europe Services are pushing back, arguing that Walmart-led lawsuit “casts too wide a net, lumping them in with Visa even though they are only licensors of Visa and are owned by...
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Almost two-thirds of adults under age 30 currently have no credit cards at all, according to a new survey sponsored by Bankrate.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
On the eve of Apple’s unveiling of its new iPhone-based payment system, a top executive at American Express said that, so far, efforts to get consumers to pay using mobile wallets have failed, according to American Banker. Get the Full Story Complete the form to...
