Payments News

On The Web

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Tech

LG Pay Goes Live in the US With NFC and Mag Stripe Mobile Payments

“LG has launched its LG Pay mobile payments service in the US, enabling owners of its G8 ThinQ smartphone to make payments via NFC in stores equipped with a contactless POS terminal — and in stores with a magnetic stripe terminal using Wireless Magnetic Communication (WMC). WMC enables phones to generate wireless magnetic data pulses […]
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Tech

Mobile Payments up but Pace of Growth Slows

“Payments made through mobile apps like Apple Pay are rising, but at a slower rate than in past years, according to a report by the Electronic Transactions Association. U.S. consumers spent $64 billion through mobile wallet apps or dedicated apps from a retailer last year, up from $45 billion in 2017, the ETA said. The 42 […]
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Tech

How I Survived a Week Without My Wallet

“Turns out, my smartphone can do almost everything my wallet can do, from paying at restaurants to renting a bike, to even getting into a hotel room. And by the end of the week, I saw an added benefit for my future travels: I don’t have to bring my wallet everywhere. And imagine being wallet-free […]

On The Wires

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Tech

Alipay and Worldline to Enable Mobile Payment in Europe for Tourists From All Over Asia

“Alipay, a globally leading payment and lifestyle platform operated by Ant Financial Services Group, and Worldline, the European leader in the payment and transactional services industry, announced the expansion of their long-lasting partnership today. The partnership aims to broaden the acceptance of Asian payment wallets across Europe. As part of the enhanced partnership, Worldline will […]
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Tech

Global Payments Expands Its Mobile Integration Payments Solution to Samsung

“Samsung smartphone users with Samsung Pay eligible devices will be able to access an auto-provisioned prepaid card called Samsung Pay Cash. This Netspend mobile-integrated digital Mastercard allows smartphone users to establish a digital prepaid card within their mobile wallet to hold funds for a variety of use cases, including spending and budgeting. The prepaid card […]