Thursday , April 19, 2018

Mobile Commerce

With Its Deal for Whole Foods, Amazon Could Usher in Seismic Change for the Checkout

By John Stewart @DTPaymentNews If Amazon.com Inc.’s $13.7 billion acquisition of Whole Foods Market Inc. closes later this year as expected, it could set the stage for a radical redefinition not just of in-store payments, but of the checkout experience itself, observers say. The deal, which Amazon announced late last …

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Confirming Months of Rumors, Apple Announces a P2P Service Tied to Apple Pay And iMessage

Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and on Monday, the computing giant obliged. Without adding much detail, Apple announced that users of its iMessage feature will be able to …

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A Token of Appreciation

By Peter Lucas Visa and Mastercard are acting fast to dominate the rapidly developing tokenization business. Are juicy fees next? It’s been more than six months since Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Pacts giving PayPal Holdings Inc. such access have emerged over …

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Fraud Costs Rise for Merchants, Especially on the International E-Commerce Side

Merchants’ actual fraud costs are up for the third year in a row and their total fraud-related expenses also are rising, according to the latest True Cost of Fraud study from LexisNexis Risk Solutions. Fraud as a percentage of the revenues reported by the 653 retailer risk-control executives surveyed for …

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Mobile and Online Risk Control May Need To Go Their Separate Ways

With e-commerce taking an ever-greater share of total retail sales and mobile commerce accounting for an ever-greater share of e-commerce, merchants need to start treating m-commerce fraud control as more than a subset of online fraud control. That was the word Tuesday from Susan Pandy, the director of payment strategies …

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COMMENTARY: Can the Payments Industry Meet the Challenge of Digital Commerce?

The payments industry is going to have to make some changes to ensure the long-term success of digital consumer-to-business payments. U.S. digital sales are thriving, and consumer demand will only continue to grow. According to a report from the U.S. Department of Commerce, U.S. online retail sales nearly quadrupled in …

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COMMENTARY: Build a Better Shopping Experience With Digital Layers

Remember the Pokémon GO craze? The game was a megahit because it cleverly combined the physical and digital worlds. It added an augmented contextual layer so players could use smart-phone map and camera functions to interact with characters, other players, and game elements. What if a similar augmentation toolkit were available …

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CardFree Charges That Rival LevelUp Fraudulently Accessed Its Order-Ahead Service

It could be taken as a sign of how competitive the order-ahead-and-pay feature has become in the rapidly developing market for mobile payments. In a lawsuit filed in federal court on May 2, CardFree Inc. has accused rival mobile-payments developer Scvngr Inc. of fraudulently accessing CardFree’s technology to process orders …

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The Demanding Consumer: Payments Expectations Rising Fast, Adyen Survey Shows

In-store shopping isn’t going anywhere. That’s the finding of a survey from online processor Adyen. That’s especially true for pre- and post-purchase needs. And it’s just one sign of how much more demanding consumers are becoming when it comes to payments and related transactions. Eighty-six percent of consumers want to …

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The Numbers Brighten in the First Quarter for Merchant Processor Square

The numbers moved in the right direction for Square Inc. in the first quarter, with gross payment volume up 33% and profitability measures improving. But an analyst urged the merchant acquirer to disclose more data about its fast-growing but potentially volatile loan business called Square Capital. San Francisco-based Square reported Wednesday …

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