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#mobilepayments

1 post1 participant0 posts today
United States News Beep

18% of Consumers Are ‘Committed’ Mobile Wallet Users

Global payments are being driven by a generational shift toward mobile wallets that began with young consumers and…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Mobile #digitalwallets #featuredinsights #FeaturedNews #GenerationZ #GlobalPayments #MobilePayments #PocketRevolution:HowMobileWalletsAreChangingPaymentsWorldwide #pymntsintelligence #PYMNTSNews #PYMNTSStudy #Technology
newsbeep.com/us/25843/

Yonhap Infomax News

American Express partners with Alipay, enabling global cardholders to make payments at millions of stores across mainland China, enhancing convenience for travelers and opportunities for local businesses.
#YonhapInfomax #AmericanExpress #Alipay #MobilePayments #ChinaMarket #CrossBorderTransactions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

Yonhap Infomax · American Express Joins China's Alipay
More from Yonhap Infomax News
Yonhap Infomax News

Block reports Q4 earnings below expectations, with adjusted EPS at $0.71 and revenue at $6.03 billion, leading to a 5% stock price drop in after-hours trading amid increasing competition in the mobile payment sector.
#YonhapInfomax #Block #EarningsMiss #Q4Results #StockDecline #MobilePayments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

Yonhap Infomax · Block's Earnings Miss Estimates, Stock Price Declines
More from Yonhap Infomax News
Rob Pegoraro

LONDON

My packing list for this short trip to the U.K. did not include any plastic cards with embedded electronics, because London was one of the earlier cities in the world to grasp that you can persuade people to take transit if you will just shut up and take their money right before they board instead of first asking them to buy a reloadable transit fare card.

By “money” I mean the kind embedded in people’s credit cards, both those that include NFC contactless payments and those stored in such apps as Apple Pay, Google Wallet (formerly Google Pay, formerly Android Pay, formerly Google Wallet) and Samsung Pay.

Transport services in London have accepted tap-to-pay since 2012, so when I arrived here Monday I only had to hold my phone above the NFC terminal at a faregate for the Elizabeth Line to start paying my fare. Waving my phone over another faregate when I exited completed the transaction; the only hard part in between was not falling asleep on the train.

My previous business travel to a city with a subway connection to its international airport, my too-brief visit to Chicago a month ago, treated me to the same convenience–CTA has welcomed NFC payments since 2013.

But when I land at Dulles this afternoon and take Metro home, I’ll use a proprietary SmarTrip card that cost $2 to buy sometime years ago. WMATA does now support phone payments, but only via its own app–and as I’ve found out the hard way, you can’t move a SmarTrip card that still costs $2 even if bought right in the agency’s app to a new Android phone if your old Android phone dies.

Transit apps don’t have to incorporate that defect, but too many of them ship with other problems–chief among them, not letting the user select a payment method already saved in Apple Pay or Google Wallet.

Fortunately, WMATA’s can-do general manager Randy Clarke seems to have realized that Metro has created a payments problem for itself with this longstanding setup. At September’s WMATA board meeting, Clarke said he wants to see Metro support tap-to-pay by the time WorldPride Washington DC draws visitors to the D.C. area next May for the 50th anniversary of Pride celebrations here.

Making a subway or bus ride the same no-new-app, no-new-card experience as booking an Uber would be an enormously customer- and visitor-friendly move by Metro.

On that note, I’m obliged to disclose that I’m here courtesy of an Uber-paid press trip for Tuesday’s Go-Get Zero sustainability event here, which included generous Uber credits to get around the city. I’m further obliged to report that spending so much time sitting in London traffic in Ubers, even at no cost to me, was one of the better advertisements for transit that I’ve seen in a while.

https://robpegoraro.com/2024/10/10/the-most-visitor-friendly-thing-a-citys-transit-system-can-do/

#ApplePay#ElizabethLine#GPay
Florin B

Apple has agreed to open its mobile wallet technology to competitors in the EU to avoid hefty fines. This ten-year agreement allows other companies to use the technology for free, enhancing competition in the mobile payment market and providing consumers with more options. The move addresses the EU's concerns about Apple abusing its market dominance.
#Apple #EU #MobilePayments

pymnts.com/apple/2024/apple-op

PYMNTS.com · Apple Opens Payments Tech to Avoid EU FineApple has agreed to open its mobile wallet tech to rivals, thus avoiding substantial antitrust fines considered by the EU.
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Rob Pegoraro

BARCELONA–Hola desde MWC! I’m here for my 10th time to cover the giant tech event formerly known as Mobile World Congress. I’m here through Thursday morning, which the past nine years of covering MWC have taught me will be barely enough time to take in the show and probably not enough time for Barcelona tourism.

Before I left, I wrote an extra post for Patreon readers sharing my notes on two potential alternatives to Intuit’s Mint: Quicken Simplifi and Monarch Money.

2/20/2024: A Lifeline for Low-Income Households Is Available After the ACP, AARP

I had been meaning to pitch my editor at AARP after catching up with her at CES, but she e-mailed me first to ask if I could bang out an explainer of the government broadband subsidy still taking applicants now that money is running out on the Affordable Connectivity Program. Since I’m writing this from Spain, I’ll also note that AARP published a Spanish version of my post (fortunately, without relying on my own Duolingo Spanish).

2/22/2024: Most TikTok Users, Even Younger Ones, Rarely Post Videos, PCMag

I got an advance look at yet another Pew Research Center study of social-media usage, and this one surfaced some surprising trends about TikTok use that I thought worth highlighting.

2/23/2024: Google Pay to Be Replaced by Google Wallet in Another Payment App Reorg, PCMag

I had to set aside packing for MWC Thursday when I saw that Google had once again reshuffled its mobile-payments app lineup. Writing this post took me down a memory lane lined by the wrecks of bad corporate judgment, and not just from Google–in retrospect, it remains dumbfounding that carriers thought they could sell their customers on a payment platform they controlled, and that they then named it “Isis” just in time for that word to become indelibly associated with a terrorist death cult.

https://robpegoraro.com/2024/02/25/weekly-output-lifeline-explainer-tiktok-trends-google-kills-google-pay/

#ACP#Barcelona#Catalunya
Rob Pegoraro

Three weekends ago, my phone did something weird when I tried using it to pay for a few farmers-market purchases: nothing. The Google Wallet app functioned like usual when I opened it and picked the credit card I use for everyday spending, but then tapping the phone to the NFC reader on a merchant’s credit-card terminal yielded no response.

Since all my cards have NFC built-in and since I had my wallet on me, I didn’t waste time trying to debug the problem and just fished out the physical card to complete the purchase. And then I spent a couple of weeks ignoring the problem while it failed to go away on its own.

Venting about this issue on a chat thread with other tech journalists surfaced a troubleshooting suggestion I should have thought to test on my own: see if other apps using the phone’s NFC radio work. I first remembered that I have one weird transit app that solely exists to top up Dublin’s stored-value Leap card, then was relieved to see the app detect the card I’d collected two summers ago when I tapped it to the back of the phone.

Likewise, Metro’s SmarTrip app responded to a tap of my own card. And then on Friday, the Epic Pass app on my phone (yes, I finally got that activated) functioned properly as a wireless, inside-a-ski-jacket lift ticket. So the NFC radio on this phone was clearly fine.

What else could it be? Google’s r/GooglePixel forum surfaced posts reporting similar problems, and one not only reassured me that I wasn’t uniquely snakebit but pointed to a specific remedy that I’ve since seen suggested elsewhere: deleting the cache of the system-level NFC Service app.

Following that required a deeper dive than usual into Android’s Settings app: Tap Apps, tap the “See all” link below the list of recently-opened apps, tap the vertical-ellipsis button at the top right and select “Show system,” then scroll down to select “Nfc Service” (yes, that abbreviation for “Near Field Communication” should be capitalized), then tap “Storage & cache,” then tap “Clear cache.”

“Trash cache” is an old tech-support trick that seems like it shouldn’t work anymore–shouldn’t apps be sufficiently self-aware to know when they’re ingesting corrupted temporary data?–and yet it seems to have worked in this case. Will the fix stick? I sure hope so, at least until the next time Google indulges in yet another mobile-payment-apps reorg.

https://robpegoraro.com/2024/02/23/this-months-smartphone-snafu-wayward-google-wallet-behavior/

#EpicPass#GooglePay#GoogleWallet
Wonderful

The advantages of instant payments at the point of sale are numerous for both retailers and customers. In today's #POS feature, we delve into how businesses can ensure funds are settled as quickly as possible, without incurring extra costs! ⏱️ 💨

blog.wonderful.co.uk/pos-syste

Blog | WonderfulWhat to look for in POS systems: instant paymentsIs instant settlement really possible? We reveal how businesses can receive funds from their customers in seconds.
#CashFlow#InstantPayments#RealTimePayments
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