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E-commerce processor Adyen Inc. announced last month it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Adyen, a Netherlands-based company with …
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Consumers Quickly Embracing Mobile Apps for Purchases and Banking, Verizon Study Finds
While consumer acceptance of mobile wallets has been painfully slow for wallet developers such as Apple Inc., new survey results from the nation’s largest mobile carrier show consumers are quite willing to use mobile apps in some form to buy things. Some 23% of smart-phone owners last year used an …
Read More »Eye on In-Store Commerce: Adyen Comes to the POS; Diebold Eyes Mobile Checkout
E-commerce processor Adyen Inc. announced on Thursday it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Also on Thursday, ATM maker …
Read More »Mobile Wallets ‘Off to a Strong Start,’ But Backers Must Work Harder at Education
In the face of reports of generally mediocre mobile-wallet usage, a report issued this week indicates the picture may brighten soon. Thirty-nine percent of consumers have used a mobile-payments service in a store within the past year, and 73% of these have done so just within the past three months, …
Read More »After a Boffo Year, Will Payments Startups Reap Another Big Funding Harvest in 2016?
It may have been a so-so year for initial public offerings in payments, but 2015 was a boffo year for private financing of payments startups. And early indications are that 2016 may be just as good. Through Nov. 10, there were 235 funding deals for payments companies worldwide, with investments …
Read More »Wall Street Gave a Thumbs Up to Payments Companies in 2015
It was a lousy December for payment stocks, but 2015 as a whole saw shares of electronic transaction processors far outperform the major market indexes, according to a new report from Chicago-based investment firm Barrington Research Associates Inc. Shares of 28 payments companies posted a mean return of 11.47% last …
Read More »Ingo’s Nifty Niche
How do you combine mobile check deposit with prepaid cards to offer immediate funds to customers without bank accounts? Ingo Money says its mobile app is the answer. Mobile deposit capture technology has made it easier than ever for consumers with bank accounts to deposit a check. Simply open the …
Read More »E-Commerce Is Garnering a Higher Percentage of Total Holiday Sales, Says First Data
More consumers appear to be at ease shopping online, at least during the holiday season. Online sales account for 20.6% of total sales since Oct. 31, says First Data Corp. For the same period last year, e-commerce sales accounted for 17.8% of total sales. The share of retail sales attributed …
Read More »The ACH Continues to Sizzle, Racking up Nearly 6% Growth in the Third Quarter
By John Stewart It operates so much in the background that many payments professionals may not have noticed, but the automated clearing house network is on a hot streak. The 41-year-old system notched a 5.9% year-over-year increase in transactions in the quarter ended Sept. 30, reaching a total of 4.83 …
Read More »ComScore: Cyber Monday Spending Surpasses $3 Billion as M-Commerce Grows 53%
It looks like Cyber Monday came through for e-commerce payment processors, if the latest spending numbers from comScore Inc. hold true. ComScore reported Wednesday that spending from desktop computers and smart phones and tablets on Nov. 30 hit $3.12 billion, a 21% increase from $2.59 billion on 2014’s Cyber Monday. …
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