Almost One in Six US Consumers are Using Mobile Wallets
Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile wallet functionality in the coming six months.Among mobile wallet users, 61% have used PayPal with an average 88% satisfaction rate, 38% have used Amazon (84% satisfaction), 31% have used Starbucks (93% satisfaction), 31% have used Apple Pay (89% satisfaction) and 31% have used Google Wallet (82% satisfaction). [NFC World]
Virgin Money Makes Sex Pistols the Face of its Credit Cards
Sir Richard Branson is reconnecting with his punk rock roots in order to sell credit cards. Virgin Money, the credit card company founded by the British billionaire, is offering U.K. consumers the chance to carry a card featuring art from the Sex Pistol’s 1977 classics: “Never Mind the Bollocks” and “Anarchy in the U.K.” Branson, who got his start in the music business, signed the seminal punk band to his Virgin Records label in the 1970s after seeing them perform at a London club. [CNN Money]
MasterCard Announces Tokenization Support for Private-Label Cards
MasterCard announced that it has become the first payment network to provide tokenization services to private label (store-branded) credit card issuers, enabling merchants to take advantage of the latest digital payment innovations. BJ’s Wholesale Club, Kohl’s and JCPenney will be among the first retailers to bring mobile payments to their private label cardholders later this year. All three retailers now are involved with forthcoming Apple Pay updates this fall.
The post This Week In Credit Card News: Huge Growth In Mobile Wallets; The Sex Pistols Credit Card appeared first on Liberty Investor™.
