Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …
Read More »Sequoia Promises Mobile Payments at Card-Present Rates, With No NFC or Bluetooth
A mobile point-of-sale service called Sequoia is promising card-present transaction rates for merchants using it, says developer 1Oak Technologies. n Using technology already inside smart phones, the app then creates an encrypted radio wave that is picked up by the Sequoia receiver attached to the payment terminal. That device creates …
Read More »Authentication Layer Helps E-Commerce Conversion Rates in Some Countries, Not in Others
The online payment card authentication technology known as Three Domain, or 3-D, Secure, and marketed as MasterCard SecureCode and Verified by Visa, have mixed impacts on e-commerce conversion rates around the world, according to a joint study commissioned by international payment gateway Adyen and consulting firm Edgar, Dunn & Co. …
Read More »DoubleBeam Buys GoPago’s POS Business; Amazon May Have a Piece, Too
DoubleBeam Inc., a mobile retail and point-of-sale company, has bought mobile POS system maker GoPago for an undisclosed sum. This counters a report last week that suggested e-commerce giant Amazon.com Inc. acquired GoPago. San Francisco-based GoPago, founded in 2009 and backed by a 2012 investment of an undisclosed amount from …
Read More »PayPal Picks up StackMob In Bid to Streamline Payments Features for Mobile Apps
PayPal Inc.’s acquisition of mobile developer StackMob Inc. may help it build a talent pool to more quickly and easily deploy mobile apps, suggests one analyst. n “We are building one of the most modern, advanced development environment and infrastructure in the payments industry,” a PayPal spokesperson says. “We believe …
Read More »Apple, Shopkick Among First to Deploy Bluetooth LE for Commerce; PayPal’s Closing in
A wireless connectivity standard known as Bluetooth Low Energy appears to be getting a high-energy reception in payments and commerce. Apple Inc. is among the first to put the technology to use in its stores. On-the-spot rewards company Shopkick is testing it in two Macy’s stores, one in New York …
Read More »Digital Transactions News Puts Apple’s iBeacon to the Test, And Finds It Works As Advertised
With 58% of U.S. consumers owning a smart phone, according to a report from the Pew Internet & American Life Project, it’s no wonder that retailers want some time and space on the small-screen mobile devices. Apple Inc., which according to the Pew report, has 25% of the smart- phone …
Read More »Report: Mobile’s Lightning Pace Reshapes Payments, Redefines Card-Present Transactions
Because a consumer trying to make a purchase may use a credit or debit card, tap with a contactless card, or scan a bar code, merchants need to know about the range of payment options available to them. That’s why the Smart Card Alliance, a Princeton Junction, N.J.-based association, has …
Read More »Pay And Walk-Away App Debuts To Let Physical Merchants Combat Showrooming
A new smart-phone app hopes to give retailers an edge in capturing sales when consumers use their mobile devices in their stores. Dubbed SelfPay, the app enables consumers to pay for merchandise while standing in a store aisle and leave without stopping at a cash register. Developed by Digital Retail …
Read More »Mobile Makes Cyber Monday Gains Among U.S. Holiday Shoppers
Consumers used smart phones or tablets to spend $962 million on holiday purchases across three key shopping days in the past week, further cementing the importance of these devices to retailers. n Adobe says 18.3% of online sales came from mobile devices on Cyber Monday, an 80% increase from last …
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