Mobile payments

Speakers at PSCU's 2017 Member Forum offered insights on a host of issues related to payments, cybersecurity, leadership and more.

Transit systems provide a clear use case for mobile payments, allowing commuters to avoid lining up at ticketing machines when they're already in a rush to get to their destination. But many of the perks of mobile wallets, such as targeted offers, don't apply to them.

New payment standards have banks worried about compliance costs, but there is an opportunity for innovation for aggressive institutions.

Facebook’s WhatsApp, the Mountain View, Calif.-based messaging app with a broad global following, may be preparing to roll out person-to-person payments, beginning with its app in India.

After launching a mobile pre-order and pre-pay app at Five Guys burger locations in Paris and Madrid, Ingenico ePayments is preparing to make the system available at the chain's restaurants throughout Europe in the coming months.

Businesses are shedding paper checks in favor of electronic payments, but the migration is not as easy as consumer payments.

Seamless is aggressively pushing the reach of its SEQR wallet through global partnerships designed to make the app available at millions of merchant locations, enable technology-agnostic transactions, and pry more retailers away from bank issued cards.

Amazon is lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay.

International payments technology provider Cardtek has created the emPAY mobile wallet with partner Emcredit to develop a nationwide payment platform in the United Arab Emirates.

Adoption is increasing, but most consumers would stop using the technology if they suffered a security incident

Artificial intelligence is steadily making its way through the payments and financial services world. The technology's usefulness for fraud detection is clear, but there are other areas where AI can have an impact.

The next phase of India’s national digital payments initiative begins next month when 20 banks launch Aadhaar Pay, an app enabling merchants to accept payments on smartphones from consumers using biometric authentication.

Machine learning, Siri and Alexa are taking off quickly, particularly among younger consumers. Banks and payment companies need to get in the game now.

U.S. restaurants' EMV migration has lagged behind other retail categories for several reasons, including the hassles of replacing centralized payment systems with pay-at-the-table routines that chip cards often require. But another reason: Restaurateurs have other priorities.

Swedish startup Truecaller has become the newest entrant in India’s busy digital payments space, via a tie-up with ICICI Bank Ltd. to offer a local mobile-payments service.

With AmazonFresh Pickup, a brick-and-mortar extension of its grocery delivery services, Amazon is edging further into the crowded grocery market with a model that downplays the process of wandering the aisles of a physical store. But unlike some of Amazon's other retail efforts, this one is not as big a departure as it first seems.

Given the pressures of cart abandonment and showrooming brought about by digital marketplaces, traditional retailers are trying lots of ways to fight back with digital techniques of their own.

It's difficult for acquirers to have the proper payments technology available when merchant interest peaks. This is even more difficult as efforts such as Smart Cities and Internet of Things initiatives overwhelm retailers with options.

As trends in payments technology take hold or taper off, it's safe to say that one is firmly entrenched: The shift to mobile and integrated point of sale devices.

As multi-factor identification becomes the norm, biometrics can be one or more steps that consumers can easily execute.