Saturday , April 27, 2024

Near-Field Communication (NFC)

For August, Online Spending Remained Strong While Small-Business Traffic Softened Slightly

Online sales in August were 34% higher this year than last, says Signifyd’s Pulse Report for E-Commerce, while small-business sales through August remained steady, finds the latest CardFlight Small Business Report. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company focused on e-commerce, says overall online sales growth reflects the fact that …

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Google Pay Comes to Parking Via Google Maps And Passport Labs’ Deal With the City of Austin

Passport Labs Inc., a provider of transportation software, is teaming with Alphabet Inc.’s Google to allow consumers in Austin, Texas, to pay for parking through Google Maps using Google Pay at on-street and municipally controlled parking spaces. Drivers using Google Maps on their iPhone or Android phone to navigate to …

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CardFlight’s Latest Small Business Data and other Digital Transactions News briefs from 9/2/20

CardFlight Inc. released its Small Business Report for Sept. 2 that shows contactless payments made at more than 65,000 small businesses for the week of Aug. 24-30 were up 140.3% from the base week of March 2 to 8. The report also predicts that there may be up to 50% fewer …

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Mastercard’s Streamlined Retail and Other Digital Transactions News Briefs from 8/28/20

Circle K, Delaware North, Dunkin’, and White Castle are among retailers working with Mastercard Inc.’s Shop Anywhere and AI Powered Drive Through services, which aim to reduce customer waiting times and checkout lines while offering vehicle recognition, voice ordering, and artifical intelligence for drive-through lanes.Point-of-sale installment lender Affirm Inc. announced it is providing …

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Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large

Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …

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One-Third of Fuel Retailers Are Unlikely To Meet the April 2021 EMV Deadline, a Survey Reveals

With less than a year to go before gas stations are scheduled to become EMV-compliant at the pump, readiness among fuel merchants remains uneven. A recent study by Naples, Fla.-based ACI Worldwide reveals 47% of major petroleum merchants remain unprepared to meet the deadline and 20% are still in the …

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Amidst a Pandemic, Consumers Adapt by Adopting Touch-free Payments and Shopping

The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest …

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The Pandemic Has Stoked Merchant Risk Along With Contactless Payments

With the Covid-19 pandemic accelerating consumers’ use of contactless cards and mobile wallets, merchants can expect hackers to target contactless transaction data at the point-of-sale, says Ruston Miles, founder and advisor at Atlanta-based Bluefin Payment Systems LLC. The main point of vulnerability in a contactless environment at the physical point-of-sale …

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Credit Union Data Point to Robust Growth for Wallet, Contactless Card, And Online Activity

More evidence emerged Monday that, for all of its horrors, the coronavirus has been a boon for mobile wallets and for contactless payments generally. Wallets, which struggled to win consumer adoption in the United States even with backing from popular tech firms like Apple Inc. and Google, are increasingly turning …

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COMMENTARY: How Coronavirus Will Shape the Future of Self-Service Banking

Self-service banking has long had a strong reputation as a safe, trusted, and convenient channel. This is a key part of its value proposition to both financial institutions and their customers. While Covid-19 has temporarily reduced cash use and impacted transaction volumes based on the many restrictions large parts of …

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Digital Transactions