Friday , August 23, 2019

Marketing

Contactless Gets Another Boost With Mass Transit’s Embrace of Tap-And-Pay in Miami

Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May …

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Chase To Discontinue Chase Pay Mobile App Early Next Year; Online and In-App Functions To Remain

Banking giant JPMorgan Chase & Co. will pull the plug on its Chase Pay mobile app in early 2020, though the payment service will continue online and in some merchant apps. Chase disclosed the coming changes in an email notice to customers Wednesday. The notice gives no reason or exact …

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CannaTrac Inks Payments Deal With Distributor and other Digital Transactions News briefs from 8/21/19

CannaTrac Technology Inc., a cashless payment provider to the cannabis industry under the CannaCard brand, announced a letter of intent with an unnamed cannabidiol distributor to create an online-payment service using the CannaCard platform. CannaTrac said the distributor’s clients currently generate $80 million in annual revenue and will use CannaCard …

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Facebook’s WhatsApp Negotiates to Support E-Commerce Payments in Indonesia

Facebook Inc.’s WhatsApp peer-to-peer payments service is reportedly working to enter the second international market in which it would support a broader array of payments, including e-commerce. The company is in talks with digital-wallet providers in Indonesia to handle transactions through those services, according to a report Tuesday by Reuters. …

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Scansource To Divest Global Units and other Digital Transactions News briefs from 8/20/19

Point-of-sale equipment maker Scansource Inc. announced it will divest distribution businesses in Europe, the United Kingdom, Colombia, Chile, and Peru, as well as its Miami-based export operation, as part of a strategic repositioning. The businesses totaled $623 million in net sales in fiscal 2019.Apple Inc. said its Apple Card is now open to all U.S. …

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COMMENTARY: Easy Payments Are Increasingly Vital to Good Customer Experience. Here’s Why

As organizations look to remain competitive in the ever-transforming business space, customer experience (CX) has come to the fore. And those that focus on CX understand that it has to be a priority in every interaction a customer has with the company, from signup and purchase through relationship building, marketing, and …

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The Money-Transfer Newbies Nip at the Incumbents’ Heels

Relative newcomers to the world of money transfers such as Remitly Inc., TransferWise Ltd., and WorldRemit Ltd., which specialize in end-to-end digital transactions, are nibbling away at the market share of agent-based leaders The Western Union Co. and MoneyGram International Inc., says a new report from research firm Aite Group …

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Accenture Releases Cybercrime Report and other Digital Transactions News briefs from 8/14/19

Accenture released its 2019 Cyber Threatscape Report that examines cybercrime operating models and the effects of ransomware.Point-of-sale equipment maker Star Micronics said Square Inc. now supports its mG-Scale products.In a survey of 100 small businesses, installment-payments provider Klarna found that 40% of online retailers said operational size was the biggest barrier to adopting new payment options.Agreement Express …

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Venmo’s Latest Instant-Transfer Gambit Leverages Faster Payments As It Digs for Revenue

With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon. But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal on Monday announced its latest instant-transfer service, this one allowing Venmo users to move …

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COMMENTARY: Cash Vs. Cashless: Which Is Better for Business?

From cities to stadiums to quick-service restaurants, more and more places are grappling with the idea of going 100% cashless. According to the Pew Research Center, almost a third of Americans have stopped using cash for their typical weekly spending. Even Monopoly, many children’s first interaction with money and the …

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