Tuesday , January 16, 2018

Marketing

A Sluggish Uptake for Mobile Payments Opens a Door for Tech-Oriented Payment Cards

When major technology companies started launching mobile-payments services a few years ago, many observers figured digitized and tokenized card credentials would soon replace old-fashioned plastic. But now, the chronically sluggish adoption and usage rates these mobile wallets have registered is lending new life to plastic cards. The twist is that …

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Lighthouse Network Buys Shift4 And Says It Will Rebrand Itself as Shift4 Payments

Lighthouse Network, the company behind such acquiring and point-of-sale brands as Harbortouch and POSitouch, announced Monday it has purchased Shift4 Corp., a Las Vegas-based payment gateway, for an undisclosed amount. Allentown, Pa.-based Lighthouse also announced it would adopt the Shift4 name, rebranding itself as Shift4 Payments. It was only in …

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Lowe’s, Walgreen Among Retailers With Top In-Store M-Commerce Experiences

A ranking of retailers offering optimal mobile-shopping experiences in their stores places building materials retailer Lowe’s Companies Inc. atop the list, announced DMI, a mobile-retail specialist. Among the criteria Bethesda, Md.-based DMI, a unit of Digital Management LLC, evaluated in its “Mobile Maturity Model: 2018 Retail” report were pricing, inventory, …

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Alphabet Sweeps Android Pay And Other Services Under a Single Name: Google Pay

Say goodbye to Android Pay and Google Wallet, and say hello to Google Pay. Alphabet Inc.’s Google unit on Monday announced a rebranding of its disparate online payments services under the single moniker Google Pay. The new branding’s scope is so broad that even the function within Chrome Web browsers …

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Appellate Court Sides With Merchants Challenging California’s Credit Card Surcharge Ban

A group of California small businesses won a victory Wednesday when a three-judge panel of a federal appellate court upheld their challenge to California’s ban on credit card surcharges, but a key aspect of the ruling applies only to the merchants who sued the state. Still, the ruling represents at …

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COMMENTARY: Five Tips To Help Your Merchants Master Their Loyalty Programs

Swipe, confirm sale, and sign. Swipe, confirm sale, and sign. Checkout on a point-of-sale system is a routine engagement for today’s consumers, and as such, many businesses overlook the opportunities that a POS system can provide. As an advisor to these businesses, you can inform them that POS is no …

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Mobile Wallets Team Up With Networks, Issuers, and Merchants for Consumer Attention

The holiday shopping season may be coming to a close, but mashups between mobile-wallet providers, merchants, payment card networks, and card issuers are likely to continue indefinitely as all groups seek more transaction volume from consumers. Apple Inc. has been active this holiday season. In one promotion, Apple is offering …

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Net Element’s Stock Jumps More Than 200% After the Processor Creates Blockchain Unit

Shares of the small merchant processor Net Element Inc. surged more than 200% Wednesday morning, apparently for no other reason than the company announced it was creating a business unit to pursue opportunities in the nascent blockchain industry. At about 11:30 a.m. Eastern time, Miami-based Net Element’s stock was priced …

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How Should a Global Network Be Governed? An Answer from AmEx’s Chenault Sparks Debate

Whether he intended to or not, Ken Chenault may well have touched off a debate about what constitutes the ideal governance structure for a global payments network. Chenault, who will retire early next year as chairman and chief executive of American Express Co., charged this week that his two big …

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Target Launches Wallet, Its RedCard-Based In-App Mobile-Payments Service

Target Brands Inc. finally unveiled its long-rumored mobile-payments service. Announced Monday, Wallet resides in the Target app for iOS and Android devices. Consumers can only enroll a Target RedCard, available as a debit or credit card, in the app. Target gift card enrollment is coming, too, the company says. To …

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