Each of these wallets has developed its own personality — and, presumably, its own must-have feature to pull consumers and merchants away from the competition.
Credit card usage began expanding with the economy, and Walmart wants to ride that wave with several enhancements to its own credit cards, including near-instant access to newly issued credit accounts within its mobile payments app.
Nearly two-thirds of U.S. cardholders are familiar with at least one form of mobile payment, marking an awareness trend that continues to rise and could ultimately translate to higher adoption and usage rates.
Designed for Japan's automotive industry in the 1990s, QR codes remain a common feature in the latest mobile wallets. They have pros and cons that banks need to carefully consider.
More than two years after Apple Pay made its debut, less than 20% of U.S. shoppers are routinely using their smartphones for mobile payments — but millennials are bucking that trend a bit.
Furthering a relationship that placed Walmart on the closed-loop ChaseNet processing platform, Walmart has committed to accepting the Chase Pay mobile wallet in its stores and in-app.
Walmart and Dunkin' Donuts have poured millions of dollars into their proprietary mobile payment apps, and their most interesting lessons are the ones they didn't expect to learn.
