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In spite of all the hoopla about burgeoning e-commerce and mobile-commerce activity, consumers still prefer to shop inside a store, finds the “Total Retail: Retailers and the Age of Disruption” report from PriceWaterhouseCoopers LLP. Of the more than 1,000 U.S. consumers surveyed, only 27% said they shop online weekly. But, …
Read More »It’s Not the Only Factor, But Security Looms Large as Consumers Eye Mobile Payments: Survey
Despite all of the hype about mobile payments, consumer concerns about security, convenience and where they can use smart phones have yet to be addressed, finds a survey from The 451 Group. Of the more than 4,100 North American consumers polled in December, 84% cited security as the top …
Read More »Mobile Now Controls More than One-Fourth of Online Transactions, Key Report Says
More evidence emerged in recent days to document the surging rise of mobile payments worldwide. For the first time, mobile transactions account for more than 25% of all global online traffic on the Adyen platform, the company said while releasing its quarterly Mobile Payments Index last week with statistics on the …
Read More »No Argument Here: Younger Consumers More Likely To Use Mobile Wallets
Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …
Read More »As M-Commerce Increases, So Too Does Fraud, But Disproportionately: Study
As mobile commerce becomes ever more important to merchants, so too does the number of mobile payments made via apps and Web sites viewed on smart phones and tablets. Along with this growth, however, is a disproportionate increase in fraud as a percent of m-commerce revenue, finds the “2014 LexisNexis …
Read More »Banks and Credit Unions Continue To Sign Up for Apple Pay
The number of banks and credit unions that support Apple Pay, Apple Inc.’s mobile payment scheme, continues to grow with the First National Bank of Pennsylvania among the latest to join the list. The bank, a unit of Pittsburgh-based F.N.B. Corp., says its debit card users now can use the …
Read More »EBay Announces It Will Cut 2,400 Jobs Globally As PayPal Posts Surging Growth
Last year was a rocky one for eBay Inc., and on Wednesday the company announced it will do some streamlining: In the first quarter, the PayPal Inc. parent company, which reported a $41 million net loss for 2014, will lop off 2,400 jobs across all of its operating units, or …
Read More »With a Wary Eye on Apple Pay, Google Reported to Be in Talks to Buy Softcard
Major tech and payments companies are reportedly showing an interest in acquiring Softcard, the troubled mobile-payments joint venture owned by three of the nation’s biggest mobile operators. Google Inc. is in “exclusive” talks with the company and has offered at least $50 million for it, The Wall Street Journal reported …
Read More »Hard Times at Softcard: Mobile-Payments Venture Lays Off 60 Employees
Softcard, the mobile-payments venture of Verizon Wireless, AT&T Mobility and T-Mobile USA, has laid of 60 employees in a restructuring, according to media reports. The layoffs raise questions about the future of Softcard, formerly known as Isis, which has had trouble gaining consumer and merchant acceptance for its near-field communication-based …
Read More »New York City Seeks Ideas About Paying Parking Violations Through Mobile Devices
Mobile payments in New York City soon could get access to a large amount of raw material for transactions if a proposal by the city’s Department of Finance becomes reality. The DoF recently issued a request for information (RFI) from vendors about developing a mobile-payments system for paying parking violations. …
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