David Heun is an associate editor for technology at American Banker.
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Chase Pay is the result of years of investment in ChaseNet, a closed-loop system that allows JPMorgan Chase to cut costs in a way few other banks could. So what value — if any — does Chase get from buying the discarded remains of the MCX merchants' mobile wallet?
By David HeunMarch 13 -
The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart.
By David HeunMarch 10 -
The certification covers compliance, risk and strategy expertise as the payments industry becomes increasingly digitized and global.
By David HeunMarch 10 -
The terminal and ATM maker, which is making a number of changes to its business, expecs the plant will be phased out by the end of the third quarter.
By David HeunMarch 10 -
A new joint venture with Gas Station TV will help Verifone Systems Inc. expand its services in the coming year, providing more exposure for the terminal manufacturer's merchant clients and a stronger media service for its petroleum clients. In addition, Verifone will expand its role as a software provider.
By David HeunMarch 9 -
The steady march of smartphone technology makes mobile wallet adoption seem inevitable, but consumers still need convincing.
By David HeunMarch 9 -
After two years of development and fundraising, Kerv Wearables says it is launching the Kerv Ring as a contactless payment device using a Mastercard prepaid account and the card brand's EMV chip technology.
By David HeunMarch 8 -
If the megabanks' Zelle person-to-person payment service takes off, it will serve as much as a blueprint for collaboration as it does for digital payments.
By David HeunMarch 8 - PH
Curiosity may not be the best approach for a cat, but Christine Larsen finds it to be a lifesaver in her role as executive vice president and chief operations officer for First Data.
By David HeunMarch 7 - PH
As senior vice president of global commerce for Discover, it is no surprise that Amy Parsons says "my desk is in whatever country I happen to be in."
By David HeunMarch 7