Tuesday , January 16, 2018

Mobile Commerce

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, …

Read More »

LG Is Poised To Enter the U.S. Mobile-Payments Fray

South Korea-based consumer-electronics giant LG Electronics plans to bring its LG Pay mobile-payments service to the U.S. in a few months. But with its smart phones in the hands of only 10% of American consumers, how much market share LG Pay can capture and how it can distinguish itself from …

Read More »

2017 Holiday Sales Increased 6.2%, Outpacing the Prior Year’s Growth, First Data Says

Overall U.S holiday sales in 2017 grew 6.2% over 2016, a pace that bested 2016’s 4.7% sales-growth rate, First Data Corp. announced Wednesday in its latest SpendTrend report. Retail spending during the Oct. 28 to Jan. 1 period increased 5.4%, compared to a 3.6% growth rate in 2016. Measured at …

Read More »

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 …

Read More »

Security Fears Hobble Adoption And Usage of Mobile Payments, Fed Report Finds

If you ask consultants what’s holding back mobile payments in the United States, you’ll get answers ranging from lack of acceptance ubiquity to malfunctions at the point of sale to consumers’ perceptions that payment cards work just fine. Now the nation’s financial institutions have weighed in on the matter, and …

Read More »

QR Codes Gain Momentum, But the Resurgence Could Be Short-Lived, a Report Warns

New mobile-phone capability, coupled with physical stores’ response to the encroachment of e-commerce, will help drive the volume of digital coupons in the next few years, according to a new report. Worldwide redemptions of coupons via mobile phones and online will grow at an average annual rate of 14.1% through …

Read More »

Citing U.S. Government Resistance, MoneyGram And Ant Financial Call Off Their Merger

Unable to get approval from federal authorities, wire-transfer provider MoneyGram International Inc. and China-based Ant Financial Services Group disclosed Tuesday that they have terminated their merger agreement, almost a year after it was first proposed. In a joint news release, the firms said they’re bailing on Ant’s plan to acquire …

Read More »

Credit Card Payments Continue To Lead the Pack in Growth, Fed Study Finds

Boosted by e-commerce sales, growth in credit card payments far outpaced growth in debit card and automated clearing house payments in 2016, according to newly released findings from the Federal Reserve. Credit card transactions grew 10.2% from 2015’s levels to 37.3 billion and were valued at $3.27 trillion, the Fed …

Read More »

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 …

Read More »

Johnson Named PCI Security Standards Council Executive Director

The PCI Security Standards Council named Lance J. Johnson to the executive director position. Johnson, who had been chief operating officer at Sequent Software Inc. for the past five years and spent 20 years at Visa Inc., replaces Stephen W. Orfei, the general manager who left earlier this year after …

Read More »