Tuesday , December 11, 2018

Mobile Commerce

Gearfire Payments Targets Shooting-Sports Industry and other Digital Transactions News briefs from 11/30/18

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …

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Can Amazon Pay Win in Stores? It May Depend on Processing Costs And the Right Incentives

Amazon.com Inc.’s strategy to push its Amazon Pay wallet into physical stores could depend crucially on its ability to cut payment-processing costs and generate marketing advantages for merchants, including Groupon-like incentives, experts tell Digital Transactions News. The new strategy has been in the works at least since 2017 but reached …

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Glance Technologies Tests At-Table Payment And Launches a Bitcoin Feature

Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …

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The Black Friday-Cyber Monday Shopping Lesson? Pay Attention to the Checkout

Add e-commerce platform Shopify Inc. to the roster of entities that experienced record sales during the recent holiday-shopping weekend, reporting $1.5 billion in volume from Friday through Monday. Two-thirds of that came from mobile transactions. Mobile commerce took the top spot on Cyber Monday, the Monday following Thanksgiving, according to …

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Cardfree Opens Order-Ahead API to Developers and other Digital Transactions News briefs from 11/28/18

First Data Corp. released its Holiday Insights dashboard, which shows real-time U.S. holiday spending trends, such as total spend percentage increase, today’s most active categories with average ticket and total transactions, and regional payment volume. To date, it indicates retail spending from Thanksgiving through Black Friday increased 6.4% year-over-year. Cardfree Inc., …

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Mobile Commerce Flourished on Black Friday At the Expense of Desktop Activity

More consumers took to their smart phones this past Friday, known as Black Friday, at the expense of shopping online with a desktop computer, finds Akamai Technologies, a Web-services company. Consumers using mobile devices accounted for 57.6% of online shopping on Nov. 23, compared with 35.9% for those using desktop …

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Consumers’ Small Business Saturday Spending Rose 38% This Year, AmEx Reports

After slipping the previous two years, spending at independent shops and restaurants jumped 38% to an estimated $17.8 billion on Small Business Saturday, American Express Co. and the National Federation of Independent Business trade group reported Monday. AmEx founded the Saturday-after-Thanksgiving promotion in 2010 to highlight locally owned businesses in …

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Secret Service Targets Skimmers on Fuel Pumps and other Digital Transactions News briefs from 11/26/18

Worldpay Inc. and Paysafe Group announced a partnership to establish a payments platform for the U.S. online-gaming and sports-betting sector. The U.S. Secret Service lit up Operation Deep Impact last week in a nationwide initiative to find and remove credit and debit card skimming devices on fuel pumps. Following a …

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Consumers’ Comfort Level With Big-Ticket Mobile Purchases Grows, Comscore Says

As merchant acquirers prepare for an expected tide of holiday purchase transactions, they might notice that more big-ticket spending will be originating this year from mobile devices, according to Internet metrics firm Comscore Inc. Purchases of big-ticket items, which Reston, Va.-based Comscore defines as those costing more than $500, “hit …

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Online Fraud Losses Will More Than Double in Five Years, Juniper Forecasts

Payments companies and retailers have a sobering forecast to ponder for online fraud. By 2023, global online fraud losses from e-commerce, airline ticketing, money transfer, and banking services will grow from $22 billion projected in 2018 to $48 billion, says Juniper Research in a new report. Thanks to the proliferation …

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