News

March, 2018

• 20 March

  E-Commerce Fraud Losses Increased 7% Across 2016 And 2017, Says Signifyd

  

  E-commerce fraud over a two-year period through the end of 2017 increased 7% across all merchant categories, finds the Ecommerce Fraud Index released Tuesday by fraud-prevention specialist Signifyd Inc. The index reported the level of total fraud losses increased from 3.8% of sales volume in 2016 to 4.09% in 2017. …
• 20 March

  PayPal To Discontinue Its Pay After Delivery Service for U.S. Buyers

  

  PayPal Holdings Inc.’s Pay After Delivery service will end April 19 for U.S. buyers. San Jose, Calif.-based PayPal included notice of the discontinuance in recent emails to account holders about the latest changes to its policies, and through a posting on the PayPal Web site. With Pay After Delivery, which …
• 20 March

  Macy’s New Self-Checkout Feature and other Digital Transactions News briefs from 3/20/18

  

  Macy’s Inc. said it is launching a self-checkout feature in its mobile app that lets customers scan an item with their phone and pay with a registered card. So-called mobile-checkout stations validate purchases, take off security tags, and bag the goods. The launch follows a test at the chain’s Woodbridge, …
• 19 March

  More First Data Merchants To Accept Alipay

  

  Alipay, the mobile-payment service used by 600 million consumers, and processor First Data Corp. are expanding the number of U.S. merchant locations that can accept the China-based payment method in stores, Alipay announced Monday. The expansion comes nearly a year after the two companies said First Data would move Alipay …
• 19 March

  With Same-Day ACH Fully Phased in, NACHA Plans Higher Limits and Other Enhancements

  

  With the third and final phase of same-day automated clearing house payment processing now in effect, ACH governing body NACHA is turning its attention to improving the program through higher transaction limits, adding a later processing window, and other changes. Same-day ACH transactions currently are capped at $25,000. Herndon, Va.-based …
• 19 March

  Google Pay Integrates With Shopify And Starts a Mass-Transit Pilot in Las Vegas

  

  When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …
• 19 March

  SignUpGenius Enhances Payments Service and other Digital Transactions News briefs from 3/19/18

  

  Only 8% of respondents in an HRC Retail Advisory survey said having the option to use a mobile payment in a store was important to them. The survey also found that 30% said being able to complete a transaction anywhere in the store was important. Event-organizing service SignUpGenius Inc. enhanced its …
• 16 March

  Omnichannel Vital for Retailers, But Payments Improvements Rank Low in 2018, NRF Finds

  

  As more consumers opt to shop using mobile devices, more retailers are looking at ways to unify the checkout experience, according to the “State of Retailing Online 2018” report released this week by Shop.org, the digital arm of the National Retail Federation. Completed in conjunction with Cambridge, Mass.-based Forrester Research …
• 16 March

  A Delivery App for Busy Air Travelers Seeks to Tap Into Rising Concession Sales

  

  The home-delivery craze is starting to manifest itself at other venues, with the airport representing the latest example. With a new mobile app, harried passengers can have food or other products from airport stores delivered to them as they sit at their gates. The free app, called AtYourGate, comes from …
• 16 March

  Gap Wants Its Top Suppliers To Ditch Cash Payments to Workers by 2020

  

  Apparel and accessories retailer Gap Inc. wants its leading suppliers to stop paying workers in cash by 2020 and instead pay them digitally. San Francisco-based Gap, which had nearly $16 billion in sales last year and owns the Old Navy, Gap, Banana Republic, and Athleta brands, said this week that …