Evolving payments technologies challenge merchants to keep pace with consumers' expectations

Evolving payments technologies challenge merchants to keep pace with consumers' expectations

Retailers must be aware of what's changing in payments to better serve their customers. That was the overarching message to retailers from a group of executives on a panel at the recent Oracle Industry Connect in New York City.

Phillips 66 to integrate Masterpass within mobile app

MasterCard has announced that Phillips 66 will integrate Masterpass into its My Phillips 66 app later this year, according to a press release. MasterCard’s digital payment service will enable Phillips 66 customers to pay both at the pump and in...

UK supermarket chain testing cashierless shopping with MasterCard

A U.K. supermarket chain is testing a mobile app with MasterCard that enables shoppers to scan and pay for items without the need to visit a checkout counter, according to multiple media reports. Co-op is testing the mobile app at...

MasterCard launches Masterpass QR Facebook bot for Nigerian merchants

MasterCard will use Facebook Messenger to provide technology to small businesses in Africa and Asia in an attempt to drive affordable acceptance of electronic and mobile payments, according to a press release. The company made the announcement at the annual...

MasterCard partners with Russian MNO for mobile virtual payment cards

A partnership between MasterCard and Russia's MegaFon will enable the subscribers of the mobile network operator to link their mobile phone account to Apple Pay or Samsung Pay by creating a virtual MasterCard card and tokenizing it via the Mastercard...

MasterCard strengthens ties to mobile network operators

MasterCard strengthens ties to mobile network operators

The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments.

Industry players unite to drive mobile payments in Singapore

Seven mobile wallets, acquirers and payment networks, including Diners Club, EZi Wallet, EZ-Link, Liquid Pay, MasterCard, UnionPay International and Wirecard, have formed a consortium to enable interoperable QR payments in Singapore for consumers and merchants, according to a press release....

PayPal sets the pace for the payments industry in 2018

PayPal sets the pace for the payments industry in 2018

For a company once known as a threat to the card networks and banks, PayPal is now an ally as it pushes forward with digital payments.

Venmo, Zelle among trending topics in 2017

Venmo, Zelle among trending topics in 2017

Mobile Payments Today takes a look at the top blog posts in 2017.

Chicago Transit Authority eliminates prepaid debit account from transit cards

The Chicago Transit Authority is eliminating the prepaid debit account function on its Ventra transit cards and will instead transition riders to a closed-loop card, according to a press release. The CTA said it will ditch the prepaid debit account,...

New Jersey FI works with MasterCard on Cash Pick-Up service

Cross River Bank, a New Jersey-based financial institution, has launched MasterCard Cash Pick-Up. Cash Pick-Up enables banks and their disburser partners to deliver ATM cash to any vetted consumer — banked or unbanked — without the use of a card....

MasterCard helps Nairobi merchants with SMS-based micro-loans

MasterCard has unveiled a new platform called Kionect, a digital ordering system that enables small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS, according to a press release. Orders submitted via a feature phone...

Reserve Bank of Australia concerned about rising merchant costs for contactless payments

The Reserve Bank of Australia is concerned about merchants' rising costs to accept contactless payments as more consumers in the country choose to pay with smartphones, according to local media reports. And the RBA is threatening more bank regulation if...

Apple Pay Cash: A step in the right direction for mobile payments?

Apple Pay Cash: A step in the right direction for mobile payments?

With its focus on premium influencers and its control over a large ecosystem, Apple is in a unique position to effect massive change where others cannot.

Stuzo, Bank of America Merchant Services seek to future-proof the retail customer experience

Stuzo, Bank of America Merchant Services seek to future-proof the retail customer experience

The two companies announced a collaborative partnership at Money20/20 to help merchants get a handle on how they can present the best customer experience going forward as consumers' behaviors and expectations continue to evolve thanks to emerging technology.

Western Union to add MasterCard Send capability to transfer fund to US debit cards

MasterCard and Western Union are working together to integrate MasterCard Send into the Western Union money transfer service, enabling Western Union to deliver funds to virtually all U.S. debit cards, according to a press release. The companies said the alliance opens a new channel for U.S.

MasterCard eyes future of retail with AR shopping experience

MasterCard has unveiled an augmented reality shopping experience that for the first time incorporates Masterpass and Identity Check Mobile with iris authentication for safe and easy payments, according to a press release. Developed with Qualcomm Technologies, a subsidiary of Qualcomm...

MasterCard partners with The Clearing House for tokenization management

The Clearing House and MasterCard are partnering to enable the former to provision and manage MasterCard-branded tokens on behalf of banks, according to a press release. The partnership with MasterCard establishes The Clearing House as one of the first MasterCard-certified...

MasterCard works with India state to advance cashless society

MasterCard is working with the state government of Andhra Pradesh, India to make this particular region of the country a cashless society and a smart city, according to local reports. MasterCard and Andhra Pradesh signed a two-year memorandum of understanding...

Playing with the 'Pays': The bank approach to mobile payments

Playing with the 'Pays': The bank approach to mobile payments

While there are pros and cons to a bank forging its own way with mobile payments outside the Pays, industry executives on a panel last month at the Bank Customer Experience in Chicago agreed financial institutions should be aware of, and explore, all developments in the industry.

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