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Technology

Wal-Mart and Allies in Face-Off with Apple Pay Over Mobile Payments

Author:
Nathan Layne and Nadita Bose
Source:

Suddenly it's Apple versus Wal-Mart in the fight for shoppers' digital wallets.
With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores (WMT.N) is aiming to upend the $4.5 trillion credit card market and control the precious transaction data generated at the checkout line.
The difficulty of the task became clear ...

DMA2014: Insight, Strategy, and Innovation

Author:
Natasha D Smith
Source:

Each day marketers are challenged to provide customers with better, more seamless experiences and superior products and services. A group of the industry's top marketers convened at DMA2014 earlier this week to offer insight, strategy and innovation to those looking to make compelling, data-driven, and effective campaigns that provide a stellar customer experience.

Contactless Payment Card with Fingerprint Security Launched

Author:
John Ginovsky
Source:

Providing a glimpse of a possible future in payments evolution, MasterCard and Zwipe —which specializes in biometric authentication—partnered for the launch of the world’s first contactless payment card featuring an integrated fingerprint sensor.
The futuristic card comes after a successful live pilot with Norway’s Sparebanken DIN, aligned to the Eika Group, as an answer to the complex challenge of providing a fast, convenient payment solution that does not compromise on security....

Apple CEO Fires Back as Retailers Block Pay

Author:
Deepa Seetharaman
Source:

Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to sign up.
Apple Pay launched about a week ago and saw more than a million credit cards registered over the first 72 hours. It already totes up more transactions than all other "contact less" payment methods combined, Cook said, citing Visa and Mastercard data.
Such services, through ...

Can Apple Make Mobile Payments Pay in the U.S.?

Author:
Mark Bergen
Source:

At some point next year, you may decide to ditch your wallet. With a touch of your thumb and a tap of your phone, you can pay for everything you need. Then one day you pull out your phone at a drugstore and the cashier says the mobile terminal is down. Or maybe your phone dies.
These are the not inconsiderable hurdles that could greet Apple's mobile-payment system Apple Pay, which went live last week. As sometimes happens when Apple wades into a particular arena, tech pundits have declared Apple Pay will "kill the credit card" and "change everything."

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