It seems like every day there is a bank, business, electronics company, or technology company that comes out with a new mobile wallet or payment application. The options continue to grow and seem endless all the while the general public … Continue reading
Many card Issuers believe that within the next few years 25% or more of debit transactions will migrate to mobile payments (Daly, 2016). An interesting comparison was done by Karen Webster on “What Mobile Payments can learn from Debit Cards.” Debit … Continue reading
We regularly get questions at Wimsett & Company on how Apple Pay, Samsung Pay, Android Pay and various forms of mobile payment acceptance affect the payments industry. The answer is that these forms of payment are making it easier and … Continue reading
Apple Pay, Android Pay, mobile wallets, EMV/chip cards, Square, —the way we pay and the way payments are accepted at businesses continues to change and evolve. Particularly, 2015 was a big year for EMV technology and 2016 is projected to … Continue reading
Samsung announced they were coming out with Samsung Pay on March 1st 2015 (Samsung, 2015), just two months before Google announced they were coming out with Android Pay in May 2015. This announcement came quickly after Samsung’s acquisition of LoopPay … Continue reading
On May 28th, 2015 Google announced that it will be coming out with an Android Pay app by the third quarter of this year. While Android has had Near Field Communication (NFC) and card emulation for years, they were unable to gain support from key players in the industry such as; issuers, networks, and merchants. Continue reading
Square, which was launched by Jack Dorsey (co-founder of twitter) and Jim McKelvey in April 2010, has reportedly sold over one million readers in the market and processes about $30 billion annually (Stewart, 2014). Why has square been so successful … Continue reading
The news continues to be filled with information and excitement surrounding Apple Pay. Apple Pay is transforming the industry, not necessarily because of new technology, but because Apple Pay has the brand clout and equity to drive demand. While consumers … Continue reading