Thursday , November 14, 2024

Search Results for: retail

A Way Forward?

This month we present the 10th edition of our annual 10 Most Pressing Issues in E-Payments. We’re sure you’ll find this interesting, if somewhat unsettling, reading, and no doubt you can think of a few issues that aren’t in the current ranking. So can we. In fact, we can think …

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Kohl’s Pay: A Marriage of Payments and Offers in One Wallet

Kohl’s Corp. joins the ranks of retailers with their own mobile-wallet services with the launch last month of Kohl’s Pay. Menomonee Falls, Wis.-based Kohl’s said the barcode mobile-payment service exclusively uses the private-label Kohl’s Charge card as the payment mechanism in more than 1,100 Kohl’s stores. To use Kohl’s Pay, …

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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 …

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With a Sharp Rise Already in Online Fraud Attacks, Look for a Worrisome Holiday Season

By John Stewart @DTPaymentNews If the payments industry is expecting a sharp rise in online fraud, it can stop holding its breath. It’s already happening, and with the official holiday-shopping season getting under way, it’s going to get a lot worse. Yet, just as attacks are growing more numerous, funding …

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Square Sees Volume Shift To Big Merchants, Pushes for Faster EMV Transactions

Merchant acquirer Square Inc. started out offering credit and debit card acceptance to tiny businesses and part-time sellers who wanted to accept plastic, but volume from Square’s biggest merchants grew 55% year-over-year in the third quarter and now accounts for 43% of Square’s gross volume. Square, which refers to all …

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Google’s Payments Chief Gives A Glimpse of What’s Coming for the Android Pay App

By John Stewart @DTPaymentNews Alphabet Inc.’s Android Pay mobile wallet made some headlines recently with the company’s announcement that the app would be available to Masterpass and Visa Checkout users for Softcard mobile-payments venture managed by leading telecom companies. Smart Tap is available now in all U.S. Walgreen’s stores as …

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Blackhawk Network Takes Gift Cards for an Uber Ride Into the Sharing Economy

By Jim Daly@DTPaymentNews The ride-sharing service Uber is strongly associated with mobile apps, not with plastic. But prepaid card providers such as Blackhawk Network Holdings Inc. are finding new opportunities in the so-called sharing economy exemplified by Uber, in which drivers using their own vehicles offer taxi-like services to riders. …

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Walmart Alters Money Transfer Programs and other Digital Transactions News briefs

• Financial-institution processor Fiserv Inc. said its payments segment posted adjusted revenues of $701 million in the third quarter, up 9% from $643 million a year earlier. Operating income rose 11.5% to $242 million. • Wal-Mart Stores Inc. announced service changes in the U.S. and Mexico, and lower prices, involving …

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MasterCard’s Chatbots and other Digital Transactions News Briefs

• Chip card standards body EMVCo issued 3-D Secure 2.0, its update of the 3-D Secure technology for protecting e-commerce transactions. The new specification supports app-based purchases on mobile and other devices and will streamline the checkout process in order reduce transaction abandonment, EMVCo says. • MasterCard Inc. announced plans to …

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Beyond In-Store And In-App: Samsung Pay, Android Pay Add Online Payment Capability

By Kevin Woodward@DTPaymentNews Consumers with Samsung Pay mobile-wallet accounts will be able to use them as a payment method for online transactions thanks to a partnership with Samsung Pay to shop using Masterpass starting in 2017. To use the service, consumers select the Masterpass button on a participating merchant’s e-commerce …

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Digital Transactions