Exclusive Interview with Stephen Goodrich, CEO, NPCA

Q.1) what is the primary focus area of the company when it comes to NPCA designing/developing its solutions? Delivering value is of course our primary focus. We’re doing this by creating and delivering innovative commerce solutions that utilize amongst other things, the ACH, mobile devices and tokenized technology for security. In terms of vertical focus,

Amazon enables Carrier Billing as a Payment option thanks to Bango

Amazon has initiated carrier billing for mobile apps in order to bring more usage into its mobile business. This would enable a user to buy paid apps and make in-app purchases by simply getting the transaction amount charged directly to phone bill. Germany is the first country where the service would go live on Telefonica’s

Amazon Kills P2P Payments Service WebPay: Another Victim of Apple Pay?

In a recent development, Amazon disclosed on its WebPay FAQ webpage that it is shutting down its P2P Payments Service WebPay from October13th 2014. The company said that the service was “not addressing a customer pain point particularly better than anyone else”, and hence it had to be closed. Launched in 2007, it has been

11 Quotes in Payments, Fintech and Money to Remember

“There are 60 million consumers in this country that are underbanked. They wait in lines to cash checks and to pay bills, it’s highly inconvenient. A product like prepaid cards saves them a lot of time and inconvenience.” - Wesley Wright, senior vice president of global payments options for American Express, and head of the

Five Companies moving ahead in Digital Couponing

According to a research report, there are around 560 Mn mobile coupon users and the number is expected to rise to 1.05 Bn by 2019. In U.S. alone, the number of digital coupon users had surpassed 103.5 Mn back in 2013. In U.S., 49% of smartphone users and 10% of tablet users have used mobile

Subway teams up with Softcard to enable NFC based mobile payments

Subway is deploying NFC terminals across more than 26000 locations, the largest ever by a restaurant in U.S. The deployment is being done in collaboration with Softcard, the mobile commerce joint venture created by AT&T, T-Mobile and Verizon Wireless. The NFC terminals are Softcard branded and Softcard users pay at such terminals using their NFC

PayPal hits back on Apple Pay #selfies #security #tooLate

Yesterday, PayPal had a full page ad posted in The New York Times with the tagline as: “We the people want our money safer than our selfies. PayPal, protecting the people economy.” It can be said that PayPal was clearly targeting the recent data breaches which took place through the iCloud service. The data stolen

The Largest Stadium in U.S. gets the Proximity Magic

The University of Michigan Athletic department wished to expand the proximity technology in order to deliver precise messages to fans throughout ‘Big House’, the largest stadium in U.S. They turned to Signal360, a leading proximity marketing company which enabled the integration of its turnkey solution at the stadium in just a week. The deployment is

Now use Contactless Payment Cards instead of Tickets in London Tubes

Transport for London (TfL) is poised to make the current ticketing systems as redundant. Passengers can now travel using contactless payment cards across Underground and most of the other London transport. This will also curb the use of Oyster smartcards which was popular earlier among passengers. Nearly 50% of London’s population already has contactless debit

Is it Apple Pay vs. CurrentC now?

Apple Pay is already facing a setback because of Walmart and Best Buy not fully supporting the mobile wallet initiative by Apple. Also, a fact to be considered is that there are more than 90 mobile wallets operating in the US alone. The vicious circle of low adoption among consumers and acceptance infrastructure at merchants