January 23 – With the introduction of electronic payment services like Square and Apple Pay, many are saying that new technology will eventually replace our need for cold-hard cash— but does the everyday person feel the same way? According to a new survey released by Simple. Thrifty. Living., cash is still king.
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January 13 – The launch of Apple Pay mobile payment system has precipitated a dramatic increase in consumer awareness of—and desire for—contactless “mobile wallet” payment, according to Payscout, a merchant banking service provider. Continue reading “Apple Pay Boosting Mobile Wallet Payments” »
January 12 – The 2015 Smart Card Alliance Payments Summit has a full agenda with senior leaders from every major payments market scheduled to speak on the progress of U.S. EMV chip migration, mobile payments and open transit payments initiatives. For 2015, the Alliance has added a full third day of convergence track sessions to highlight how technologies and innovations in payments interlace, as well as a training course and testing session for CSCIP/Payments certification.
January 9 – With a focus on electronic payments, EastPay’s Information Interchange 2015 is a conference that provides attendees with the strategies to maximize business efficiencies, improve payment processes, reduce risk, and increase client satisfaction. To be held February 24 – 26 at the Caribe Royale in Orlando, this long-standing payments industry conference targets payments professionals from financial institutions as well as corporations and government entities. The theme of the 2015 conference is “Setting the Stage for ePayments Success.”
January 9 – The global technical body, EMVCo, will broaden its scope to include the next generation of 3D Secure in order to support new and emerging remote payment technologies, according to a news release from the organization.
December 22 – Coming to Salt Lake City in February, the 2015 Smart Card Alliance Payments Summit will bring together hundreds of executives to answer some of the biggest questions in payments today: Will the U.S. be ready for EMV chip payments by the fraud liability shift date in October? Can Apple Pay be the catalyst that makes mobile payments a part of everyday life? How are transit agencies trailblazing the industry by being early adopters of mobile and open contactless payments?
December 22 – 21 million British consumers say they will switch banks to access mobile payments, as anticipation for new ways to pay builds, according to new research from Zapp.
December 15 – The Third Party Payment Processors Association (TPPPA), the not-for-profit industry association representing and promoting the interests of payment processors, their banks and merchants, has released a statement from Association President Marsha Jones, reacting to the report from the House Oversight and Government Reform Committee filed on December 8, 2014, that criticized the FDIC’s role in the Obama Administration’s misguided Operation Choke Point. The report confirms the TPPPA’s views expressed in its brief, filed amicus curiae, in support of the Community Financial Services Association of America’s (CFSA) lawsuit against federal banking regulators to end Operation.