Banks and financial services

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Mastercard transforms The Barclays into testing ground for in-app payments

August 25, 2016

Mastercard is continuing its tradition of bringing its latest technologies to The Barclays golfing event by enabling this year’s attendees to use the enhanced Masterpass solution to buy merchandise on-site and leverage the Qkr! with Masterpass application to order concessions directly to their seats.

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What does UnionPay’s Canadian QuickPass rollout mean for competitors?

August 17, 2016

UnionPay is bringing its mobile QuickPass platform to Canada, enabling a slew of merchants to accept its contactless payments without requiring a customer’s signature or PIN number, adding yet another major competitor to the digital payments space.

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Visa continues Olympics-themed mobile commerce blitz with Uber partnership

August 8, 2016

Visa enabled consumers in major cities worldwide to virtually join the Rio Summer Olympics by requesting rides via the Uber application, selecting the RioPool option and interacting with in-car tablet experiences featuring 3D swimming goggles, animated soccer balls and other activations.

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Barclays expands use of voice security for phone banking convenience

August 3, 2016

Following a successful trial of voice security technology, Barclays is now rolling it out to all customers, enabling them to avoid passwords for added convenience.

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Venmo expands to third-party checkout as successes pile up

August 2, 2016

PayPal’s Venmo is now a major competitor in mobile payments with the launch of its checkout service on retail applications that features innovative sharing capabilities and follows a successful year marked by 140 percent growth.

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Fifth Third Bank promotes Android-friendly payments via Masterpass wallet

July 29, 2016

Fifth Third Bank is enabling its Android customers to seamlessly make purchases within mobile applications, in stores and online by taking advantage of its Masterpass integration, highlighting the need for financial institutions to roll out digital payments services accessible for a wide array of smartphone users.

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Visa, PayPal consolidate audiences to streamline mobile payments, enhance security

July 25, 2016

Visa and PayPal have thrown a twist into the race for mobile payments domination by entering into a strategic partnership that will broaden consumers’ ability to pay via PayPal and Venmo and improve security, indicating the importance of collaborations in this competitive space.

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Mastercard looks to maximize mobile payments capabilities with VocaLink acquisition

July 22, 2016

Mastercard has acquired British payment-technology provider VocaLink, following a string of innovations for its Masterpass mobile payment service, in a bid to even out adoption of the technology in all markets and become a top contender in the crowded space.

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Bank of America invests in mobile-enabled rewards redemption

July 22, 2016

Bank of America’s redesigned mobile application now includes Spanish language capabilities as well as the ability to redeem BankAmericard Cash Rewards for travel points or cash-back offers without leaving the app.

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Wells Fargo highlights Android-friendly commerce opportunities with mobile wallet

July 21, 2016

Wells Fargo is reminding financial institutions not to overlook non-iOS customers with a mobile wallet for Android devices, enabling users to make purchases at participating merchants by holding their smartphones up to contactless readers.

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