Apple Inc. plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according a person familiar with the situation.
Apriva says it has "future-proofed" its services for merchant acquirers by connecting to a digital currency gateway and developing a universal point of sale application that will handle upgrades on EMV-enabled terminals.
In much the same manner as banks use red dye packs to explode in stacks of stolen money, payment network providers expect tokenization will sabotage any hacker's attempts at data theft. But will their investment pay off, or will it disappear in a puff of smoke?
As Stockpile prepares to launch its digital gift card for stock purchases, it is lining up partnerships with banks and credit unions to host its software.
EMV is no stranger to the news cycle, with the card network 2015 liability shift approaching for many U.S. businesses.
Drync, a wine-related software developer, is using Google Wallet to distill the complex process of shopping for wine from a mobile app.
At first glance, it might seem discouraging that eBay and PayPal each list only one woman on their respective executive leadership teams, but to Sarah Hodkinson, director of offers and marketing at PayPal, "looking at leadership in such a narrow, title-driven way is a mistake." In truth, 42% of eBay's employees are women, including 28% of its leaders.
Amazon's launch of a mobile card reader should force many mobile point of sale companies to reevaluate whether their own offerings are distinct enough to ensure their survival.
For Apple, the timing couldn't be worse to launch a mobile wallet. Mobile wallets can be a tough sell for many consumers, and brand image is a key element in winning their trust. read more »