Opinion on Payments

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Type Product title / description Pub Price
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Wendy's move highlights mobile wallet challenges

Wendy's is entering the US mobile payments market, launching a pilot program introducing POS payment functionality to its existing MyWendy's mobile app in three US cities. Retailer mobile wallet apps undoubtedly have the potential for success, but their focus on customer loyalty makes mobile wallets less payment tools and more marketing devices.

Published By Datamonitor
16 May 2013
CommentWire
CommentWire

Visa: new initiative will raise awareness of contactless payments among London consumers

Visa is carrying out the targeted launch of a new type of card terminal, one that will be connected to taxi meters. The scheme has the support of Transport for London, which already utilizes the contactless Oyster electronic ticketing system on much of the public transport services across the region. The initiative should raise the profile of the contactless payment method.

Published By Datamonitor
04 Jan 2011
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Visa moves in right direction online

Visa Checkout takes a leaf out of PayPal's and Amazon's books, and in doing so may enable Visa Inc. to compete on even terms with them.

Published By Datamonitor
28 Jul 2014
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Visa enters new territory in the online payments sector with V.me

Visa has announced the launch of a new digital wallet, V.me, to compete directly with PayPal in the online payments sector. The digital wallet allows consumers to link their existing payment tools and make online transactions without having to reveal their card payment details to the merchant. Due to launch in early 2012, V.me will allow Visa to explore new territory as a digital wallet provider.

Published By Datamonitor
06 Dec 2011
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Visa and Samsung debut the London 2012 Olympics contactless mobile app but its impact may be limited

Visa and Samsung have announced the launch of an NFC mobile app to promote the London 2012 Olympics. The app will allow customers to pay via Visa payWave, trace their contactless transaction records, and check up-to-date balances. Despite the 3,000 contactless terminals to be installed across Olympic venues, questions remain about whether the payment technology will prove popular during the games.

Published By Datamonitor
01 Mar 2012
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Virtual currencies are on the radar of central banks, but regulations remain a long way off

The European Central Bank recently released its first study looking at the nature and impact of emerging virtual currencies such as Bitcoin, Linden Dollars, and World of Warcraft Gold. While these currencies have grown strongly in recent years, in some instances resulting in extremely large virtual economies, they are likely to remain outside regulatory control.

Published By Datamonitor
02 Nov 2012
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UnionPay set to shake up US card market

China UnionPay's entrance into the US payment card market with a prepaid card offering signals a bold strategic move by the payment network to not only tap into the growing popularity of prepaid cards, but also to expand its consumer reach and global brand presence. If successful, UnionPay could potentially spell bad news for major payment providers and their standing in the market.

Published By Datamonitor
02 May 2013
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UniCredit biometrics faces hurdles ahead

UniCredit is rolling out a biometric payment authentication system called Papillon, which operates by scanning the pattern of veins in the hand. This is one of the more secure biometric propositions. Yet while Papillon may help to assuage consumer concerns about fraud, UniCredit will have to be careful in its implementation as the registration process may prove cumbersome.

Published By Datamonitor
13 Mar 2013
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UK: momentum building behind adoption of contactless payments

Superdrug and Waitrose have announced plans to install contactless point-of-sale (POS) terminals across their stores during 2012, joining a string of major UK brands. It looks increasingly likely that the UK is moving toward widespread contactless payment acceptance. However, despite the increasing momentum the big guns of Tesco and Sainsbury's are reluctant to move beyond limited pilot schemes.

Published By Datamonitor
23 Jan 2012
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UK consumers unfazed by contactless hype

Although ownership and awareness of contactless payment cards are both on the rise, a growing number of UK contactless card holders are choosing to use other more established payment methods.

Published By Datamonitor
04 Mar 2014

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