The proliferation of smartphones in the United States is driving a wave of new mobile wallet initiatives, but pundits are divided in their opinion about which firms will take the lead in spurring widespread adoption of the payment method. AT&T, American Express, Discover, First Data, Google, Citi, Sprint, MasterCard, Verizon, T-Mobile, and Visa have all […]

On January 10, 2012 Visa Inc. and Visa Europe made public their certification of a new range of NFC-capable smartphones that can be used with payWave, the company’s aptly named mobile system for point-of-sale payments. The new phones by Samsung, LG, and RIM have been added to the list of Visa-compliant payment products and can […]

On August 9, 2011 Visa moved forward with a three-part plan to speed up the adoption of EMV chip technology in the United States. Globally, for both credit and debit cards, the standard represented 40.1 percent of the payment cards in circulation for the first quarter of 2011 with 71 percent of the POS devices […]

Although there are many reasons why the United States will benefit from the adoption of EMV chip technology for mobile and contactless payments, the effectiveness with which these devices prevent fraud is a primary consideration. There are no exact numbers to indicate the level of electronic credit card fraud in the U.S., but physical world […]

On February 15, 2012, while speaking at a Goldman Sachs conference hosted in San Francisco, Jim McCarthy, the global head of products at Visa took aim at PayPal’s new mobile payment system, which the online payment provider is currently testing at a limited number of Home Depot Inc. stores. “I think there’s a real issue […]

At the sixth gala presentation of the Stevie Awards for Sales & Customer Service, Merchant Warehouse garnered three awards for its innovative industry leadership in merchant account services and payment processing solutions. The event, hosted at Caesars Palace in Las Vegas on February 24, saw Merchant Warehouse pick up the gold for Online Sales Team […]

Early in March, PayPal announced a new mobile credit card processing system called PayPal Here, which combines a smartphone app with a triangular reader that plugs into the phone’s microphone jack. Currently available for the iPhone and scheduled for Android availability, the PayPal Here announcement garnered a rush of sign-ups in the first 24 hours […]

According to the findings of a study conducted by the Internet & American Life Project at the Pew Research Center in conjunction with the Imagining the Internet Center of Elon University, mobile payments are set to replace the daily use of money by 2020. The report reads, in part, “people will come to trust and […]

On June 27, Chase Paymentech, a subsidiary of JPMorgan Chase & Co. launched a new terminal called Future Proof designed to accept emerging forms of customer payments in a single, streamlined device. In particular, the terminal is intended to help merchants accept the EMV or chip card technology now the standard in Europe. Mike Duffy, […]

The majority of articles in the press these days about payments focuses on the “Brave New World” of m-commerce and how shopping with a smartphone is the newest revolution to hit the marketplace with something called “Integrated POS Marketing.” Efforts are ongoing to tie together everything from ATM’s to social networking sites to collecting personal […]