Marwan Afana

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Starbucks’s mobile payments system is so popular in the U.S., it has more users than Apple’s or Google’s

New estimates predict that it will stay that way.<p>By the end of this year, a quarter of U.S. smartphone users — 55 million people — over the age of 14 will make an in-store mobile payment. More than 40 percent of those people will have done so through Starbucks’s mobile payments app, according to …

Mobile

Don't fear your mobile wallet

Smartphones have replaced lots of other accessories — cameras, flashlights, calculators. But many people are still reluctant to swap the wallets in …

Thieves can still use contactless cards even after they’ve been reported stolen

Thieves can charge money on contactless bank cards even if they are already reported stolen.<p>Criminals are taking advantage of a system that allows …

Identity Theft

Chase QuickPay processed $28 billion in 2016

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>At its investor day, JPMorgan Chase announced that Chase QuickPay, its proprietary peer-to-peer (P2P) payments offering, saw 94 million transactions worth $28 billion in …

With a new Jaguar and the Shell app, your car can pay for its own gas

Apple Pay and PayPal will be supported first, with Android Pay coming later.<p>Contactless payments are making their way into the car. Jaguar and Shell have the first major rollout, allowing you to pay for fuel through the car's touchscreen. Of course you'll still have to get out of the car to …

Apple in 'Early Stages' of Discussions for Apple Pay in South Korea, Android Pay Likely to Launch First

A few Apple executives have had meetings with South Korean financial authorities, spurring a rumor that the Cupertino company is beginning to make headway in its attempt to launch Apple Pay in the country. Sources speaking with <i>The Korea Herald</i> said that Apple's legal director and senior counselor …

How I Made It: Billionaire's right-hand man Chris Hollod on becoming a big fish in a big pond

<b>The gig:</b> Chris Hollod, 33, is venture capital partner at billionaire Ron Burkle's private equity firm Yucaipa Cos. They've traveled together for the last five years, with Hollod as the frontman on evaluating thousands of start-up investment opportunities.<p>Hollod oversees Inevitable Ventures, backed …

Hip-hop Music

Walgreens expands mobile payments portfolio via Android Pay-supported Balance Rewards

Walgreens’ Balance Rewards now offers Android Pay compatibilityWalgreens is the first retailer to integrate Android Pay into its loyalty program, …

Wells Fargo plans to launch new digital wallet this summer

Wells Fargo has announced the U.S. bank will be releasing a wallet for Android later this summer. This addition to the official mobile banking app …

A List of Mobile-Only Banks

Here's a list of mobile-only banks that are defining the industry today:<p><b>The UK</b><p><b>Atom Bank</b><b>:</b> Atom is a startup bank. It has been authorized with …

Paytec to enable mobile payments using colour-coded light signals

Italian payments solutions provider Payment Technologies (Paytec) is to build a new mobile payment technology into its vending machines that will let …

HotRemit adopts BBM for mobile payments and expense tracking in India

<b>HotRemit App By Digitsecure Adopts BBM For Mobile Payments And Expense Tracking</b><p>New Delhi, India – April 22, 2016 – BlackBerry Limited (NASDAQ:BBRY; …

BlackBerry

Walmart Pay launches on Apple devices

You now have one more way to pay with your iPhone.<p>Walmart enabled its mobile wallet called Walmart Pay in an update to the Walmart iOS app on Friday, reports Apple Insider. The retail giant announced the mobile wallet in December.<p>When iOS users update the app, which is not yet available on Android, …

Samsung pay works toward universal acceptance

<i>This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.</i><p>Verifone announced that it was launching a software update for some of its point-of-sale (POS) terminals to ensure their ability to accept Samsung Pay.<p>Samsung is also …

Millennials Leading the Transition to Mobile Payments

The use of mobile payments is expected to grow approximately 210% in 2016, reaching a transaction total of $27 billion. But who is driving this surge in mobile payments?<p>Elavon North America President Guy Harris weighed in on the different spending habits of baby boomers versus millennials.<p>“There …

FinTech

China takes mobile payments to a whole new level

China may not have the best Internet access in the world, but from what I've seen so far, it's on top for mobile payments.<p>My friends Amy Deng and Eric Liu moved from San Francisco to Shanghai about a year ago. When I asked them over lunch in Shanghai about some of their favorite tech in China so …

Mobile Payments

There Is a FinTech Startup for Almost Any Bank Service

<i>Originally published:</i> <i>There Is a FinTech Startup for Almost Any Bank Service</i><p>FinTech companies around the world have now reached the potential of …

Profit

Fintech Growth Accelerates in Asia With Record $4.5 Billion Investments

Investors poured a record $4.5 billion into financial start-ups in Asia last year, four times as much as the previous year, data shows, putting the …

Billion-Dollar Unicorns: Mozido Delivers Mobile Payments To Non-Banking Customers

According to eMarketer, the total value of mobile payment transactions in the US will grow 210% this year to $27.05 billion. eMarketer estimates that …

FinTech

Google kicks off a public pilot for Hands Free mobile payments

Heads up, Silicon Valley residents: the days of pulling out your credit card to pay for Big Macs are numbered. Google just announced that the pilot program for its Hands Free payments scheme has gone live for certain stores in San Francisco's South Bay, so all you'll have to do is tell the cashier …

Handsfree

Nets and Carta bring tokenized mobile payments to Nordic and Baltic banks • NFC World

Nets Group announces availability of token based mobile payments to all Nordic banks in partnership with Carta Worldwide<p><i>London, UK February 16, 2016</i> …

Apple launches mobile payments service in China to mixed response - Business

Apple Inc launched its mobile payment service Apple Pay in the Chinese mainland on Thursday, pitting itself against strong domestic rivals.<p>But some …

Apple Pay

Legal Framework of Mobile Payments Presented in Pew Center White Paper

Privacy Policy <i>(Updated: October 8, 2015)</i>:<p>hide<p>JD Supra provides users with access to its legal industry publishing services (the "Service") through …

How to take mobile payments from ‘table stakes’ to ‘a winning hand’

2015 was the year that ‘mobile payments happened. We now have Apple Pay, Android Pay, Samsung Pay, LG Pay, Microsoft Pay, Walmart Pay, CurrentC / …

Mobile Payments

Mobile payments account for 21% of transactions at Starbucks as coffee giant rolls out new technology

Starbucks is utilizing mobile technology to increase business and customer engagement better than any other company in the food and beverage industry.<p>…

Amazon barges into mobile payments ring

Amazon will start taking more advantage of the millions of credit cards it has on file with new “Pay with Amazon” buttons. The expansion to Amazon Payments will allow third-party developers to include these buttons in their mobile apps and have users quickly sign in to process payments. Since all …

Samsung gives us confirmation on what’s next for its mobile payment service

Later this year, Samsung will be adding new banks to its mobile payment service, Samsung Pay.<p>It wasn’t long ago that Samsung made its mobile payment …

Canadian mobile payments and loyalty app UGO Wallet surpasses 100,000 user milestone

UGO Mobile Solutions, the company behind Canada’s first so-called “open wallet,” today announced that its combination mobile payments and loyalty …

How Apple Pay Could Be Undone by This Scrappy Fintech Startup

A throwback to old-school technology might just be the long-awaited solution to the hardware and security concerns that loom over the world of mobile payments.<p>How's this for a blast from the past? A speaker and internet connection are now all it takes to harness sound waves--the latest old-school …

PSA: Samsung Pay finally works with select phones on Verizon

The long wait for Verizon to allow customers with select Samsung phones to use the company’s mobile payments service is finally over. Owners of the …