Thursday , November 26, 2020

Mobile Commerce

How Fiserv Is Working With Google Pay And ExxonMobil To Go ‘Beyond the Buy Button’

With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable …

Read More »

81% Have Used a One-Click Payment Method and other Digital Transactions News briefs from 11/25/20

Some 81% of U.S. consumers have used a one-click payment method while shopping online, with 37% using the method “frequently,” according to a survey earlier this month of 961 consumers by The Strawhecker Group and the Electronic Transactions Association.Switched dollar volume and switched transaction volume for Mastercard Inc. in the week ending Nov. 21 were both …

Read More »

By 2030, Cards May Linger, But Digital And Contactless Payments Will Dominate: Report

The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in store, and reduced friction within the payments ecosystem. That’s the assessment in the “Future-Proof Payments: From the EMV Chip to a Fully Digital Future” report …

Read More »

PAI Adds Bitcoin Service to its ATMs and other Digital Transactions News briefs from 11/24/20

Payment Alliance International Inc. said its fleet of more than 95,000 ATMs will redeem Bitcoin for cash under an agreement with B4U Financial LLC, whose BitLoad4U technology will manage authorization, clearing, and settlement and allow redemption from any cryptocurrency mobile wallet.A Bitcoin variant called Bitcoin Latinum announced a pre-sale launch with availability on exchanges in …

Read More »

Gateways Adapt to E-Commerce As They Contend With Covid-19’s Impact

The Strawhecker Group’s most recent analysis of 100 payment gateways found that half of them charge a monthly fee, down from 74% in 2019. That is potentially because of the impact of the Covid-19 pandemic, the report says. Other findings show that 52% of all gateways focus on retail, followed …

Read More »

68% of Consumers Will Use Contactless Payments and other Digital Transactions News briefs from 11/20/20

A Discover Financial Services survey found that 68% of consumers said they will use contactless payments more to avoid touching public surfaces and 66% would use less cash because of the Covid-19 pandemic. The survey of 2,000 U.S. adults also found that 35% said they plan to spend less this holiday shopping …

Read More »

A Revamped Google Pay Seeks Wider Appeal by Pushing Beyond Payments

Alphabet Inc.’s Google unit on Wednesday announced a major overhaul of its 5-year-old Google Pay wallet to push beyond mobile payments and incorporate links and data Google says will generate daily usage. The move comes as major payment apps such as Apple Pay and Google Pay have sought to boost …

Read More »

Eye on BNPL: Klarna Adds 1 Million Customers in 3 Weeks And Affirm Readies an IPO

Consumers appear to be flocking to buy now, pay later options. Evidence of that comes from Klarna US, which says it gained 1 million customers in three weeks, pushing its total to 11 million. It has grown from 9 million customers only since August. Among the reasons for the rapid …

Read More »

Payroc Acquires Bluestone Payments and other Digital Transactions News briefs from 11/19/20

Payroc World Access LLC announced the acquisition of Bluestone Payments LLC, an independent sales organization founded by Linda Rossetti. Rossetti will remain Bluestone president and take on the executive vice president, strategic initiatives, role at Payroc. Terms were not disclosed.Payments processor Nuvei Corp. said its Nuvei Technologies Inc. unit has been approved by …

Read More »

Amid the Pandemic, Online Grocery Sales Are Forecasted To Grow 53% in 2020

Online grocery sales, which stood at $58.36 billion in 2019, will reach $89.22 billion in 2020, forecasts eMarketer Inc., a New York City-based research firm. That’s a 53% increase. The prediction comes as many states re-institute store capacity limits and urge individuals to leave their homes only as necessary.  “Amid …

Read More »
Do NOT follow this link or you will be banned from the site!