News and Events for the Mobile Marketing, Payments, and Technology Industries

Push Payments

Digital Payments to Accelerate Greatly in Next Two Years: Spenny

Despite all of the attention given to mobile payments, onlined payments and credit cards, cash still accounts for 40 percent of all transactions in the U.S. and 80 percent of payments worldwide, Tim Spenny, senior vice president/global account director at GfK tells Mobile Marketing & Technology. Spenny will emcee a panel at the 2017 Mobile Payments Conference Aug. 28-30 at the Swissôtel in Chicago, Ill. “The evolution to digital payments is slow,” Spenny says. But...

Large Opportunity for Enhanced POS

Though they get plenty of attention for helping build business at Starbucks, Panera and at other restaurants, nearly half (46 percent) don’t have a point-of-sale (POS) system that offers loyalty capabilities, yet almost a third (30 percent) would like to implement one. “A significant amount of new and emerging technology that can help improve efficiency, loyalty and efficiency,” Julie Pukas, head of US Bankcard and merchant Services at TD Bank, tells Mobile Marketing...

Vantiv Buys Worldpay

According to published reports from Bloomberg and The Wall Street Journal, payment processing firm Vantiv Inc., has agreed to buy Worldpay Group Plc for 7.7 billion pounds ($9.9 billion), only two years two years after the U.K. financial technology firm went public. The cash-and-share offer equates to 3.85 pounds a share, including a 5 pence per share dividend, the companies said in joint statement. The companies’ boards said they “see compelling strategic, commercial...

Mobile Payments Growing Sharply; Digital Wallets Increase Marginally

Consumers are paying more bills from mobile devices and making more person-to-person payments while starting to venture into digital wallets, according to a new Fiserv survey. Faster payments continue to be important to consumers, with 76 percent saying that it is at least somewhat important that the payments they make are delivered in real time. “Consumers are living more digital lives, and that is being reflected in the way they pay,” said Mark Ernst, Fiserv...

Identity Issues Top FI Challenges: Aite

Two of the largest challenges facing financial institutions are identity-related, according to the new Aite Group impact report: Financial Institution Fraud Trends: ATO and Application Fraud Rising Rapidly. Application fraud and account takeover fraud threats were initially fueled by the wealth of personal information available from so many data breaches, Aite said in a press release. The fraudsters have since built on this personal financial information to become far more...

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