Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and you’re more likely to see passengers using smart phones to read news reports, listen …
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Why Beacons Beckon
For years merchants have sought ways to market to customers on a personal level and drive in-store sales in real time. Is beacon technology the answer? There’s been a lot buzz lately around the use of mobile beacons in merchant locations to drive sales, and with good reason. With smart …
Read More »The $8 Billion Problem
Card-not-present fraud isn’t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are …
Read More »Visa Tightens the PCI Harness
Visa Inc. wants small merchants to confirm that they follow the security rules by which larger merchants must abide. The big card network says that beginning Jan. 31, 2017, merchant acquirers must annually validate compliance by their so-called Level 4 merchants with the Payment Card Industry data security standard. Other …
Read More »The New Technology of Money
Humor me. Take a $20 bill out of your wallet, hand it to me, thank you very much, and then walk into a store and use the same twenty to pay for merchandise. Can you do this? Yes, you can. It is simpler than you think, and perfectly legal! This …
Read More »A Good Start for Klarna
Sweden’s online-payments firm Klarna started operations in the United States only five months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. By early January, nearly 20 retailers had signed up for the company’s streamlined checkout service, including big sellers Overstock.com …
Read More »Longer Checkouts for EMV Don’t Seem To Be Fazing Consumers in the Early Going
When the U.S. rollout of EMV cards started in earnest last year, many experts predicted consumers would soon tire of the time-consuming chip-reading routine, putting pressure on the payments industry to usher in contactless EMV and more mobile wallets. But that’s not happening, at least not all that much and …
Read More »Why Transit Is Boarding the Mobile-Payments Train
Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and youäó»re more likely to see passengers using smart phones to read news reports, listen …
Read More »Why Beacons Beckon
For years merchants have sought ways to market to customers on a personal level and drive in-store sales in real time. Is beacon technology the answer? Thereäó»s been a lot buzz lately around the use of mobile beacons in merchant locations to drive sales, and with good reason. With smart …
Read More »The $8 Billion Problem
Card-not-present fraud isnäó»t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are high. …
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