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PayPal Acquires Paydiant

PayPal has acquired mobile payment company Paydiant in an effort to expand its breadth of mobile solutions for retailers. Although terms of the deal have not officially been disclosed, a report from Re/code indicated that the acquisition will cost PayPal up to $280 million.

Paydiant provides mobile wallet and digital coupon services for organizations such as Subway, Harris Teeter and Capital One. The company’s customer list also includes the Merchant Customer Exchange (MCX), which will release its CurrentC mobile wallet app in 2015.

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Mobile Wallet Space Heats Up With Google-Softcard Acquisition Rumors

Alicia head shotLast week, TechCrunch reported that Google was in talks to purchase mobile payment company Softcard, formerly known as Isis Mobile Wallet. Sources “familiar with the matter” said the deal could be worth up to $100 million. 

As of now, both parties are very hush-hush about the whole ordeal. When I reached out to a representative from Softcard to glean some insight, she indicated that the company “does not comment on rumors or speculation.”

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Does Apple Pay Have A Trust Problem?

Kim head shotThis holiday, more than half of shoppers said they would be interested in paying for a gift via their mobile device, according to research from Retale. That seems in line with the shift toward shopping on mobile devices and tablets in general. So far, it makes sense.

But what I found intriguing was that shoppers still don’t seem to be embracing Apple Pay. More than half (51%) said they would use PayPal. While this in itself is not surprising — as PayPal has earned the allegiance of many shoppers who want an alternative to credit card, debit card or cash — it shows that it does take a while to build consumer confidence.

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56% Of Consumers Want To Pay For Items With Mobile Devices

RR Retale ImageMore than half (56%) of shoppers would be interested in using a mobile device to pay for a gift during the holiday season, according to research from Retale
 
Even with the release of Apple Pay, 51% of shoppers said they are more likely to use PayPal to complete a purchase, while others said they would use mobile banking apps (21%). Only 10% of respondents said they would use Apple Pay versus all other mobile payment options.
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New HP Survey: Mobile Payment Is Priority For 75% Of Retailers

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A new study released by HP Atalla and conducted by the Ponemon Institute has outlined new payment system trends and the number of retailers currently using — or planning to use — mobile payments, person-to-person payments and e-wallets.

Results from the Security & Compliance Trends In Innovative Electronic Payments Report indicated that payments completed with mobile devices or phone numbers are the most popular, with 75% of respondents saying their organizations have plans to support them.

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McDonald’s Rolls Out Mobile Payment In U.S. Locations

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After a successful pilot, fast food giant McDonald’s is rolling out mobile payment technology from Softcard in all U.S. locations. 

McDonald’s customers now can tap and pay for their meals in-restaurant and in the drive-thru lane using the Softcard mobile app. This is the largest deployment of NFC-based mobile commerce in a drive-thru environment, according to an announcement from McDonald’s.  

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CurrentC Hacked, Emails Of Pilot Program Participants Obtained

CurrentCThe Merchant Customer Exchange (MCX), which consists of major retailers such as Best Buy, Gap and Walmart, announced that its mobile payment solution CurrentC has been hacked. 

This news comes on the heels of MCX members, specifically Rite Aid and CVS, reversing their acceptance of mobile payment competitors Apple Pay and Google Wallet. Although both chains had NFC card readers compatible with the mobile payment systems, both companies eventually blocked NFC recognition.

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Pandora Exec Delves Into Mobile Payment Trends

With the recent release of Apple Pay, mobile payment is coming back to the forefront. And retailers seemingly are more eager to hop on board and create a more seamless and enjoyable customer experience. However, there are a variety of factors retailers need to consider before hopping on the mobile bandwagon. 

In the below Q&A, Leon Sikes, Global Director of Retail Technology at jewelry designer, manufacturer, and retailer Pandora, discusses retail mobilization trends, challenges and best practices.

With 24 years of global business and technology experience, Sikes brings a unique perspective and understanding of the pressures retailers face with regard to driving the customer experience through mobile enablement. Sikes is slated to speak at the 2014 fall Mobile Payments Conference (MPC), which is being held October 6-8, 2014, in Chicago.

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SUBWAY Makes Lunching Easy With Mobile Payment Roll Out

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Nearly half (48%) of workers today say their lunch break lasts 30 minutes or less, according to research from OfficeTeam.

As consumers’ break time shrinks, they are seeking fast, convenient ways to purchase their meals. That is why the SUBWAY restaurant chain has launched NFC-based mobile payments with Softcard, the mobile commerce venture created by AT&T Mobility, T-Mobile USA and Verizon Wireless.

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