By John Stewart @DTPaymentNews Bank and non-bank players alike are scrambling to claim a share of the peer-to-peer payments market, and a report released this week explains why: adoption is hot and getting hotter. Slightly more than one-third of U.S. consumers made at least one transaction last year, up from …
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Could Consumers Finally Embrace Mobile Payments ‘In a Big Way’ in 2017?
It’s been said for years, but 2017 finally could be the year for mobile payments, according to Chetan Sharma, a prominent consultant in the mobile-technology space. “Fueled by demonetization in India and the rise of viable mobile-payment solutions worldwide, we expect mobile payments to enter the consumer consciousness in a …
Read More »‘Webrooming’ Outdraws ‘Showrooming’ Among Young Consumers, a Study Finds
Younger consumers are more likely to combine an in-store visit and online product research or purchases than their older counterparts. That’s one finding from the FutureBuystudy released Tuesday by GfK, a Germany-based research firm. The study, which examined U.S. consumer buying behavior, found that 46% of consumers between 18 and 26 …
Read More »Samsung Rewards Marks New Tack for Endearing Consumers to the Samsung Pay Mobile Wallet
Consumers who use their Samsung Pay mobile wallets to make a payment will be rewarded for their transactions with the debut this week of Samsung Rewards. Announced Monday, the program enables consumers to earn points for their Samsung Pay transactions, which can be redeemed for retailer gift cards, prepaid Samsung …
Read More »A Year Later, Most Consumers Are Still Confused About EMV
A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan LLC and conducted by Research …
Read More »Though More Consumers Shop in Stores, Most Research Online First: Survey
Consumers may shop in stores more than they do online, but for most—93%—the research into these purchases is taking place online, finds a survey released Tuesday by Revel Systems, an iPad-based point-of-sale system provider. More consumers, 86%, shopping in person at least twice in the month proceeding the July survey …
Read More »Consumers Willing To Take Extra Steps To Avoid Online Fraud, an AmEx Survey Says
By Kevin Woodward@DTPaymentNews Consumers appear willing to take more steps to mitigate their online-fraud exposure than merchants are willing to provide, with 78% of consumers willing to enter a card-verification code, but only 57% of merchants requiring it, finds a new American Express Co. survey. Consumers are willing to take …
Read More »ATM Fees Are Up, But Consumers Have a Wider Selection of Free Checking Accounts
By Peter Lucas@DTPaymentNews Consumers continue to pay higher fees for out-of-network ATM transactions, but have more access to free, non-interest checking accounts, says Bankrate Inc.’s annual survey of checking-account fees. Combined surcharges levied by
Read More »Dip or Swipe? A Year Later, Most Consumers Still Have POS Confusion About EMV
By Kevin Woodward@DTPaymentNews A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan and conducted …
Read More »Hayden: Consumers Can’t Look to the Government to ‘Save’ Them from Fraudsters
By Kevin Woodward@DTPaymentNews The payments industry’s efforts to protect sensitive cardholder data and transactions are moves in the right direction. They’ll have to be, because solutions to the epidemic of data breaches and online fraud are going to have to come from the private sector and from consumers’ own precautions. …
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