Citi Pay’s Arrival Foreshadows The Future Of The Mobile Wallet Wars

Third-party apps like Apple Pay, Android Pay and Samsung Pay have garnered much of the attention when it comes to proximity mobile payment. However, that does not mean financial institutions plan to sit on the sidelines. Banks have had much success with mobile banking and person-to-person payment apps in the last five years, but few…

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5 Reasons to Use a Mobile Wallet

You can hardly go into a drugstore or convenience store these days without seeing an option to pay using a mobile wallet such as Android Pay (formerly Google Wallet), Samsung Pay, and Apple Pay. These mobile wallets can hold your credit, debit, and prepaid card information—along with other cards—in your smartphone. Only about 15 percent…

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94% of Consumers Would Use Mobile Wallets If They Got Something Back

We already know that mobile wallets and payment solutions drive in-store sales, and we understand that loyalty schemes are a big part of that story. But what will it take to get consumers using mobile wallets more regularly? To find the answer, Points surveyed 1,500 consumers to produce a new study — “The State of Mobile…

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7 Reasons Why Mobile Wallet Marketing Leaves Competitors in the Dust

A mobile wallet pass sits inside a mobile wallet app like iPhone’s Apple Wallet. A pass uses the latest technologies, as mobile apps do and has the same reach to communicate with loyal followers to provide a better mobile experience. We call this mobile wallet marketing and its already skyrocketing brands to engage and communicate…

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Few Cellphones Lost Service During Hurricane Matthew

Having a working phone during a hurricane may be as vital as having electricity — and the big four cellular carriers said their networks delivered by keeping nearly all its customers along Florida’s Treasure Coast connected as Hurricane Matthew churned north Thursday night. AT&T Wireless, Sprint and Verizon executives said most of their customers remained…

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Visa Begins Mobile-Money Service to Rival Safaricom’s M-Pesa

Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd. The mVisa app will initially facilitate transactions for people with accounts at four banks, including KCB Group Ltd. and Co-operative Bank…

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Crowdfunding: Sound Investment or Crazy Bet?

Crowdfunding offers the promise of annual returns approaching 50pc for investors in a position to benefit from the tax reliefs on offer, but with 40pc of these start-up businesses failing, investors need to be wary of how they invest. A very different prospect to peer-to-peer and debt-based investments, equity crowdfunding involves giving money to a…

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Kohl’s Pay Is the Latest Combatant In the Payment App Wars

Some 25 million already have Kohl’s credit cards. Kohl’s KSS 1.44% has joined Apple AAPL 0.78% and Walmart WMT -3.22% in the ranks of companies offering a mobile payment app. The department store launched Kohl’s Pay on Wednesday, aiming to foster loyalty and wring more business out of its already large cohort of store-card holders.…

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Retail Sales Expected to be Vibrant

With the big shopping season just getting started, one of the most closely watched forecasts for holiday sales is predicting a merry time ahead for traditional retailers — and an even merrier one for online sellers. The National Retail Federation predicted Tuesday that sales will tick up 3.6% overall in November and December to $655.8 billion. That would…

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Intex Partners with Tata’s mRUPEE for Mobile Wallet

Domestic handset maker Intex has partnered with mRUPEE, a Tata Teleservices subsidiary, to launch mobile wallet ‘Intex MyWallet’. The wallet will offer easy and quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie, bus tickets and more in just one click, Intex said in a statement.…

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