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Apple Pay on Track To Hit 10 Billion Transactions in 2019

Boosted in part by transit systems and other merchants adopting contactless payments, the Apple Pay mobile-payments service had another quarter of record volume and is heading for a milestone this year, Apple Inc. chief executive Tim Cook said Tuesday.   “Apple Pay transaction volume more than doubled...

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How Fuel Cards Hold Fleets Back From EV Adoption

The adoption of fleet cards and electronic payment technologies in the fleet industry supports the sector’s push toward digitization and innovation. However, a new report from Cornwall Insight has suggested that payment technology companies catering to the fleet market may actually be hampering digitization progress for the...

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Surprising Stats about Consumers and Mobile Banking

Use of mobile banking is somewhat low at about 3 in 10 That said, satisfaction among those who do use mobile banking is quite high, however Inertia and security concerns prevent consumers from using mobile banking Method for banking can vary. Consumers choose the...

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How mobile payments are changing the restaurant industry

Restaurants are diversifying the payment methods they accept. Cash, credit, and debit payments are almost universal across full-service restaurants in the U.S., but restaurants are increasingly accepting digital wallets like Apple Pay, Google Pay and Samsung Pay. As of December 2018, it was found that nearly 20% of...

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JCPenney Drops Apple Pay

Department-store chain J.C. Penney Co. Inc. confirmed over the weekend that it no longer accepts Apple Inc.’s Apple Pay mobile-payment service. The move appears to involve a Visa Inc. contactless rule that took effect this month that may have broader implications for U.S. retailers.   The confirmation...

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