Tuesday , October 23, 2018

Marketing

Visa Takes Another Step Toward IoT Payments, With the Help of IBM’s Watson Platform

By John Stewart @DTPaymentNews A year ago, Visa Inc. expanded its Visa Ready program beyond mobile point-of-sale terminals to support tokenized payments on a wide variety of Internet-connected devices. On Thursday, the payments company took the next step in that plan, announcing a collaboration with IBM Corp. that will allow …

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Notes on Loyalty: Apple Pay, USAT, VeriFone, FIS

Payments companies are taking strides toward integrating rewards for everyday purchases into mobile wallets, while making it easier to redeem those rewards at point-of-sale terminals. Last month, vending-payments specialist USA Technologies Inc. said it is integrating its MORE. loyalty platform into Apple Pay. The deal is designed to induce more …

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Eye on Apple Pay: Analytics Firm IDs Leading Merchants

A San Francisco analytics company with access to transaction data on 3 million consumer credit and debit cards says usage of Apple Inc.’s Apple Pay mobile-payment service rose steadily in 2016. TXN Solutions Inc. also says that among brick-and-mortar merchants Apple Pay usage is highest at New York City-area pharmacy …

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Ant Financial, Backer of Alipay, Shells out $880 Million for No. 2 U.S. Money Transmitter MoneyGram

The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …

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AmEx Steps on the Marketing Gas Pedal To Help Fill Costco Void

Fourth-quarter profits and U.S. charge volume declined while marketing expenses increased for American Express Co. as the company continued to dig its way out of the hole left last year by the termination of its U.S. cobranding and acceptance pact with Costco Wholesale Corp. New York City-based AmEx reported Thursday …

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Wal-Mart’s New Android Version of Scan & Go May Signal Wider Appeal of Self-Checkout

By Kevin Woodward @DTPaymentNews Wal-Mart Stores Inc. has released an Android version of its Walmart Scan & Go self-checkout app that consumers use on their smart phones. This version joins the iOS app currently being tested at a single Wal-Mart store in Rogers, Ark., and could indicate consumers are increasingly …

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A POS Points Redemption App from VeriFone Widens Its Reach in a Deal With FIS

By John Stewart @DTPaymentNews If loyalty programs are the key to boosting usage of new payments methods like mobile wallets, ease of rewards redemption could be even more critical. On Wednesday, terminal maker VeriFone Systems Inc. took a step in that direction by expanding the reach of its Points Redemption …

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It’s a Higher Gear for Dashboard Commerce As Honda And Visa Test In-Car Payments

By Kevin Woodward@DTPaymentNews The 120-year-old automobile is getting a payments makeover. Automaker American Honda Motor Co. Inc. last week demonstrated an in-vehicle payments system for parking and paying for fuel at the 2017 CES, a consumer electronics exhibition in Las Vegas. Honda held the demonstration in conjunction with Visa Inc., …

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The Proliferation of Chatbots for Payments And Banking Begins to Raise Security Questions

An offshoot of artificial-intelligence research, chatbots emerged in 2016 as a popular technology for reaching and serving consumers for banking, payments, and shopping. Facebook’s Messenger app, which began supporting the bits of code this spring, was by September already crawling with 30,000 bots holding conversations with consumers to fulfill simple …

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Wrapping Up a High-Growth Year, Revel Systems Digs Into POS Data To Offer Insights

Tablet point-of-sale terminal seller Revel Systems on Thursday unveiled its Insights by Revel service and noted a 137% growth rate in terminals for 2016. Insights by Revel enables Revel merchant to monitor business activities as they happen. “Owners and managers can oversee labor remotely, and even detect who worked overtime, …

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