MasterPass, which is accepted in 16 countries, allows card customers to pay with already enrolled payment card data anywhere online and via an app on any mobile device.
Apple’s mobile payments system is less than three months old, but it’s already better known and as widely accepted as competitive applications that have been around for years.
Although its piece of the mobile-payments pie is still small, Apple has already made larger strides than its biggest competitors with digital wallet platforms.
Many holiday shoppers rely on their credit cards to help them budget their spending but they are also increasingly using reward points as a savings strategy, according to a recent independent poll commissioned by Discover.
More consumers are turning to retailer websites and bargain-hunting apps, and diminishing the need for traveling to a brick-and-mortar location.
After analyzing customer transaction data, IBM found that on Thanksgiving day, browsing on smartphones and tablets accounted for 52.1 percent of all online traffic, and online sales on that day were up 14.3 percent compared to 2013.
A new analysis has found that Americans spent an average of 2 hours and 57 minutes a day on a mobile device, compared to 2 hours and 48 minutes in front of a TV set.
When consumers where asked if they would be interested in using a mobile device to pay for a gift or other item in a retail store this holiday season, nearly three out of five respondents (56 percent) said they would.
Payments via smartphones, smart watches and other mobile devices in the United States are expected to accelerate by nearly three-fold by 2019 to reach $142 billion in volume.
But the money won’t vanish, Snapchat assures consumers because the company says it has partnered with tried-and-true Square, the merchant services company and mobile payments provider.