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Mobile payments in Canada only garner 2% of all consumer purchases, finds a study from research firm GfK. But that does not signal the low adoption rate will continue. Only 21% of Canadian shoppers, defined as those who have shopped in one of 15 product categories in the past …
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Coinbase Adds Tip Mechanism for Bitcoin Micropayments
Bitcoin wallet provider Coinbase has launched a “tip” button to enable Coinbase users to make micropayments to Web-site owners. San Francisco-based Coinbase says the button can be used to make one-click payments. The default amount is 300 bits, or about 10 cents this week. Senders can choose other amounts, …
Read More »Remain Calm: Mobile Pay Will Boom, but It Doesn’t Warrant a Media Frenzy, Analyst Says
Mobile-payments volume will nearly triple from $51.5 billion this year to $141.7 billion in 2019, according to a new report from Forrester Research Inc. That’s pretty exciting news for payments networks, processors, banks, tech specialists, and others with a stake in the budding sector. But wait. Even with all that …
Read More »Lightning-Fast Data And Funding Approvals Have Led to Big Growth in the Kabbage Patch
In short order, competition in the business of funding small merchants has ratcheted up to new highs, with new, online and technology-based entrants flooding the market. One of the most recent, and successful, of these new entrants is Atlanta-based Kabbage Inc., which this year will hit the $500 million mark …
Read More »AmEx In NBA Test and Other News for Nov. 12
• American Express Co. is testing a mobile-payment service built on its Serve platform with the NBA's Brooklyn Nets and their home arena, the Barclays Center. The Brooklyn eWallet is part of the Nets' mobile app for iOS and Android smart phones; fans can store up to 10 payment cards in …
Read More »A Post-PayPal eBay Can Stock up on E-Payments
One implication of the breakup of PayPal Inc. and its parent company eBay Inc., announced by eBay at the end of September and planned for next year, is that eBay will likely be free to add a slew of alternative-payment methods for sellers to accept on its online marketplaces. For …
Read More »The 10 Most Pressing Issues in E-Payments: 2014
With non-stop data breaches and the coming of EMV chip cards, virtual currency, and mobile wallets, payments seemed to be all over the news in 2014. Here’s our annual review of the top issues in electronic payments. They all defy a soundbite solution. Heading toward its close, 2014 seemed to …
Read More »Should They Stay Or Should They Go?
Non-bank acquirers are increasingly looking to foreign markets for growth and profits. Some are thriving, but others would be better advised to stay home. The North American acquiring market may have been more challenging at one time or another than it is these days, but if so few independent sales …
Read More »AmEx Converts Rewards Points Into Cash for Transactions at McDonald’s
American Express Co. is making it easier for its cardholders to use their points to buy a Big Mac sandwich at McDonald’s restaurants in the United States. The card issuer announced Tuesday that AmEx rewards points now can be used to pay for purchases at select McDonald’s locations with national …
Read More »Clover Adding Apple Pay Contactless And In-App Capabilities to Its POS System
Clover Network Inc., maker of the Clover tablet-based point-of-sale system, will be ready to accept Apple Pay contactless payment and in-app transactions when the scheme is released some time this month. That’s the word from Leonard Speiser, Clover co-founder and president. The Clover POS system will be able to …
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