Many mobile payment users may not realize that their protections against fraudulent or unauthorized transactions can vary greatly depending on the underlying funding source.
Groupon is letting users search for deals by type and location, creating more of a deals “marketplace” that also offers new physical products (as opposed to an oil change for your car or a soothing massage for your aching back) called Groupon “Goods” — and a new credit card payments processing service.
The rapidly-evolving mobile payments industry just took a big step with two huge brands, Visa and Samsung, announcing a partnership that may involve the smartphone maker’s highly-anticipated Galaxy S IV model set to debut next month.
The latest move comes from MasterCard, the No. 2 payments network, which just announced MasterPass, a service that let’s you simply “click, tap or touch – online, in-store or anywhere.”
If you’ve ever had your PayPal account frozen, then you are quite familiar with the frustration and the delay triggered by the payment processor’s overly-eager fraud screening system.
Two emerging players in mobile banking made news today as part of a trend of moving away from the traditional big bank, with more of a focus on technology and friendlier communication.
American Express said it will cut 5,400 jobs, mostly from its travel business in an industry that the charge card giant said is being “reinvented as a result of the digital revolution” and the growing prevalence of mobile payments.