n Online sales for the year will reach $309 billion, up 16% from $266 billion in 2010, according to the report. That volume will grow to $346 billion next year and $444 billion 2016, the report forecasts. General-purpose credit cards will capture 40% of online spending in 2011 and …
Read More »Search Results for: "point of sale"
The Gimlet Eye: PayPal’s Not-So-Standard Mag-Stripe Card
We went out to San Francisco last month to take in X.commerce, a conference put on by eBay Inc. for its developer community. These are the people who, among other things, make payment applications work for the sellers, merchants, and processors that work with eBay and its payment entity, …
Read More »Trends & Tactics
The Concentrated World of ISOs Reps from more than 1,200 independent sales organizations pound Main Streets, malls, and strip shopping centers in search of merchants interested in payment-processing services. That number suggests a wide-open industry, but a new study of ISOs sheds light on just how few players …
Read More »Components: ATMs for Modern Consumers
By Peter Lucas With transactions leveling off, independent ATM networks are gearing up to offer a host of new services aimed at the unbanked and the offers-obsessed. Increasing ATM transaction volume is a tall order these days. Growth in total transaction volume has slowed to …
Read More »M-Commerce: What To Do Until NFC Arrives
By Karen Epper Hoffman Next year may be the year of NFC. Then again, it may not be. In the meantime, a slew of startups have some alternatives to think about. Ever hear of Starbucks? Near-field communication technology (NFC) may have taken a few strides …
Read More »Apriva Poised to Offer a Mobile Wallet Aimed at Guarding Acquirers from ‘Outsiders’
The mobile-wallet race, which has attracted a slew of entrants in recent months, is about to get more crowded on fears that established merchant acquirers could be elbowed out of the nascent mobile-payments business. Apriva Inc., a Scottsdale, Ariz.-based provider of wireless technology for payments, will launch in November …
Read More »More Retailers Offer Virtual Gift Cards, But Could Do a Better Job with Them, Report Finds
With the holiday season weeks away, more major retailers are now offering so-called virtual gift cards. But few make the experience of buying, sending, and redeeming the digital payment products easy or pleasant, according to a report issued this week. Some 59 of the 100 largest online merchants, ranked …
Read More »PayPal Getting “Steak Ready Before the Sizzle” on POS Moves, eBay Boss Says
PayPal Inc. will pilot its latest move to the point of sale with an undisclosed merchant this quarter, add more merchants early in 2012, and establish merchant pricing for the service over the next three to six months, eBay Inc. chief executive John Donahoe told stock analysts on Wednesday. …
Read More »PayPal Plans to Issue a Card for POS Use Starting First Half of 2012
PayPal Inc., a dominant processor of e-commerce transactions, has made no secret lately of its ambitions to move into the world of brick-and-mortar commerce. The only missing element was a physical token that account holders could use at the point of sale. Now it appears that void will soon …
Read More »Strategies: Getting Beyond Square
By Jane Adler Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea. Some startup companies get all the attention. The …
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