Thursday , April 19, 2018

Mobile Wallets

60% of Consumers Would Make a Voice-Commerce Purchase, a TSYS Survey Finds

A strong majority of consumers—60%—would use an intelligent personal assistant or voice-activated speaker to make a purchase or payment, finds the latest iteration of the TSYS U.S. Consumer Payment Study. The response is notable in because it was less than a year ago that another survey found only 19% of …

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Backed by BBVA, a Fintech Startup Creates a ‘Borderless’ Payment Account

Denizen Financial Inc., a San Francisco-based startup backed by one of Spain’s biggest banks, has created what it calls “the first true global, borderless account” that allows customers to receive money in one country and pay it out in another while avoiding international transfer fees and foreign-exchange fees. Denizen says …

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A Double-Digit Growth Rate in Wearables Sharpens the Focus for Their Payments Potential

With the introduction of transactional capability on smart watches and fitness trackers like the Apple Watch and Fitbit, the payments industry has eyed wearable devices as a field laden with potential for growth. Just how much growth came into focus this week with new figures and projections from International Data …

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PayPal To Discontinue Its Pay After Delivery Service for U.S. Buyers

PayPal Holdings Inc.’s Pay After Delivery service will end April 19 for U.S. buyers. San Jose, Calif.-based PayPal included notice of the discontinuance in recent emails to account holders about the latest changes to its policies, and through a posting on the PayPal Web site. With Pay After Delivery, which …

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More First Data Merchants To Accept Alipay

Alipay, the mobile-payment service used by 600 million consumers, and processor First Data Corp. are expanding the number of U.S. merchant locations that can accept the China-based payment method in stores, Alipay announced Monday. The expansion comes nearly a year after the two companies said First Data would move Alipay …

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Google Pay Integrates With Shopify And Starts a Mass-Transit Pilot in Las Vegas

When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …

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Omnichannel Vital for Retailers, But Payments Improvements Rank Low in 2018, NRF Finds

As more consumers opt to shop using mobile devices, more retailers are looking at ways to unify the checkout experience, according to the “State of Retailing Online 2018” report released this week by Shop.org, the digital arm of the National Retail Federation. Completed in conjunction with Cambridge, Mass.-based Forrester Research …

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UnionPay Unveils Platform To Expand Its Mobile-Payment Services Worldwide

China-based UnionPay International has created a mobile-payments platform the big payment network hopes will further expand adoption of its payment services beyond its home country. The platform, dubbed UnionPay International Mobile Payment Service (UMPS), enables banks, merchants, mobile-phone manufacturers, and other third parties to access UnionPay mobile services through open …

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Despite Challenges, Travel Companies Forge Ahead on Mobile Payments, a Report Says

More than anything else, customer demographics will drive mobile-commerce strategies for airlines, finds a study from CellPoint Mobile, a mobile-commerce vendor specializing in the travel industry. In the Miami-based company’s “Mobile Outlook 2018 Report” released last week, it found that, among airline payment professionals in the North America, 56% cited …

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Making Mobile Better for Consumers May Be Worth the Investment, Worldpay Survey Indicates

Merchants wondering whether it’s worth it to invest in improving the consumer experience on their mobile Web sites or mobile-shopping apps may want to consider the findings of Worldpay Inc.’s “Mobile Payment Journey” survey. In the survey, released this week, 37% of U.S. consumers said they would spend more for …

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