Bitcoin value drops on news of Chinese exchange shutdown

Between Thursday and Friday last week, Bitcoin value dropped 7.3 percent following reports that Chinese regulators were forcing the shutdown of that nation's virtual currency exchanges. By noon Friday, the currency had rallied somewhat, making up about 3 percent of...

Tesco set to rebrand digital wallet as Tesco Pay+

Tesco in the U.K. has announced that PayQwiq, the digital wallet app, will to be relaunched as Tesco Pay+.

BofA adds ATM withdrawal prestaging to mobile app

Bank of America has introduced several updates — including ATM withdrawal prestaging — to its mobile app, according to a press release. New mobile enhancements include: ATM withdrawal initiated from the mobile banking app. Customers simply log into the app...

Cubic, Transport for London launch mobile ticketing app for Oyster card customers

Cubic Transportation Systems, a business unit of Cubic Corporation, and Transport for London are launching the Transport for London mobile ticketing app for Oyster card users in London, according to a press release. The mobile app — designed by Transport...

BofA, FitPay hope to expand IoT payments with new pact

Bank of America and FitPay, a wholly-owned subsidiary of NXT-ID Inc., are extending contactless payment capabilities to a range of new devices, giving Bank of America customers more payment options. The collaborative effort, according to a press release, enables Bank...

MoneyGram expands MobilePass service

MoneyGram is significantly expanding its MoneyGram MobilePass service to thousands of U.S. agent locations, according to a press release.  MoneyGram initially launched MobilePass as a pilot program inside more than 3,000 U.S.

Get listed in the 2017 Mobile Wallet Comparison Guide

Mobile Payments Today is continuing to prepare the 2017 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in this guide. Please note the guide is meant for mobile wallets that consumers can use in multiple locations and not limited to a single retailer.

First Data sending mobile POS devices to help retailers hit by Hurricane Harvey

First Data is sending free mobile payment devices to Houston in a move to help retailers and businesses get back up and running as soon as possible following Hurricane Harvey. The commerce-enabling technology company is sending thousands of Clover Go...

U.S. Bank harnesses power of Alexa for everyday banking transactions

U.S. Bank customers can now check an account balance, make a payment on their U.S.

Fed publishes next steps for improving US payments system

The Federal Reserve has published Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey.

Study: Mobile payments reach tipping point in some countries

Mobile wallet adoption is on the rise globally, and the U.S. and Europe are catching up with fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to new benchmark data from ACI Worldwide and Aite. The research shows that 17 percent of U.S.

Study: Proximity mobile payments to reach $49.2B in 2017

The value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017, up 78.1 percent from last year, according to a study from eMarketer. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9 percent in 2021.

Alipay continues to expand merchant acceptance with GNC deal

Alipay and GNC Holdings Inc., a global specialty retailer of health, wellness and performance products, last week announced a partnership to bring GNC's health and nutrition related products to millions of Chinese consumers, according to a press release. As of...

Barclaycard reflects on 10 years of contactless payments in the UK

Barclaycard marked the 10-year anniversary of launching contactless payments in the U.K. last week with figures that show how the technology has benefited consumers and merchants. Over the past decade, more than 60 billion pounds ($78.1 billion) has been spent...

Blackhawk Network acquires CashStar to expand digital gift card offerings

Blackhawk Network, a global financial technology company, last week acquired digital gift card provider CashStar for $175 million. Blackhawk said in a press release that the acquisition strengthens its position in the emerging digital gift card market and establishes the...

Study: Merchants face gaps with payment security compliance

Findings from the Verizon 2017 Payment Security Report demonstrate a link between organizations being compliant with the Payment Card Industry Data Security Standard and their ability to defend themselves against cyberattacks, according to a press release. Of all payment card...

MasterCard helps to turn smartphones into POS terminals in Poland

MasterCard has unveiled a pilot project in Poland that enables merchants to use only an NFC-enabled smartphone to accept contactless payments, according to a press release. MasterCard is working with Elavon, Polskie ePłatności and Mobeewave on the project. Mobeewave earlier...

Another smartwatch, another 'Pay' as Garmin Pay debuts

A day after FitBit introduced a new smartwatch capable of making contactless payments, Garmin has introduced its own device with the same capability. The vivoactive 3 is a smartwatch featuring Garmin Pay, which supports Visa and MasterCard payment cards, according...

Local coffee shops get an ally with LuvJo, LevelUp mobile ordering pact

LuvJo, an online ordering platform dedicated to local coffee shops, juice bars and food trucks and LevelUp, a provider of mobile engagement products for the restaurant industry, are partnering to enable merchants to add features to operations such as mobile...

AmEx intros new mobile app feature to pay for card purchases

American Express is rolling out a new mobile feature, Pay It Plan It, across all eligible U.S. consumer credit and co-branded cards.

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3 trends for 2018: Safer data, faster payments, better experiences