Retailers

The mobile wallet is transforming from a standalone app into just a feature of a bigger commerce system. Here are a few companies that have done away with the wallet concept.

Despite being limited to 20 – 25 characters (including spaces), the purchase descriptor in a card statement is the best means by which an issuing bank and merchant can convince a cardholder that he or she has actually made the purchase and reduce chargebacks. In a world where many of us are challenged to communicate in 140 characters or less, 20-25 presents a true test.

Mobile can make in-store payments easier and add dimensions to marketing, but consumers will drive the shopping experience, placing unprepared merchants at a disadvantage.

Verifone Systems Inc., one of the world’s largest makers of payment-terminal hardware, tumbled in late trading after cutting its full-year profit and sales forecasts for a second straight quarter.

CHICAGO -- In payments politics, it's difficult to imagine a topic that gets the blood flowing more than the EMV chip-card shift in the U.S.

Ingenico and Worldpay have renewed their partnership in Britain, affirming Ingenico’s role as Worldpay UK’s preferred supplier of payment terminals until 2020, a move that creates stability as both companies address merchant needs for in-store digital technology.

Approximately 37 million adults in the United States — a number roughly equivalent to the population of California — do not have a checking account. Some of those individuals have never relied on traditional banking.

While biometric authentication has garnered significant attention in recent months, its actual application in face-to-face environments has seen slow adoption to date.

Health care stands to benefit from automated and easier-to-understand billing and payments, but PatientPay is betting that ridding the system of paper is required on the benefits end as well.

CHICAGO – Mobile wallets are evolving in the key areas of availability and consumer awareness, but they continue to lack in the critical aspect of convincing users of their value, said Google executive Jack Connors.