Tag: payments

January 27, 2020

Cashless retail stores are now officially banned in New York City in a dramatic shift away from digital payments. New York’s city council approved new legislation almost unanimously last week which will see any retailer which doesn’t accept physical currency […]

October 1, 2019

As retailers build out their accepted payment methods, fraudsters are also diversifying their methods of attack. They’re getting more sophisticated, targeting e-commerce and mobile merchants, as well as traditional retailers, according to LexisNexis. The cost for each dollar of fraud […]

May 8, 2019

Amazon has taken flak for its cashless stores as cities address tensions among technology, merchant preferences and the fact that many shoppers, often those of low income, still typically pay in cash, out of necessity or privacy concerns. A spokesperson […]

March 22, 2019

EBay’s addition of mobile payment platforms such as Google Pay and Apple Pay likely will appeal to the growing number of consumers who are becoming more comfortable with mobile payment platforms. Tech-savvy millennials and Generation Z have led the way […]

February 15, 2019

This announcement comes a little over three months after Western Union said it was working with Amazon on a new payment service that would leverage the financial company’s presence in more than 500,000 physical locations in more than 200 countries […]

October 25, 2018

A decade of falling revenues and store closures raised red flags for Sears’ suppliers. “I suspect, but cannot confirm, it was risky for suppliers to sell their products through Sears,” Peter Edlund, senior vice president at DiCentral, a supply chain […]

October 22, 2018

Last week saw a major push by the traditional credit card networks to increase sector-wide support for tokenization. This announcement fits right in with Visa’s announcement of several new network partners for its Visa Token Service, and a move by […]

September 27, 2018

At its core, today’s POS devices still function very much like the cash registers of days gone by. They facilitate and record transactions, provide the customer with a receipt and give the retailer a record of items sold. The move […]

June 19, 2018

With Google’s latest move, the plot is thickening around technology giants fighting for dominance in China and the U.S. — and the plot we’re speaking of already has several different threads: JD.com’s efforts to chase down Chinese rival and market […]

June 15, 2018

The drop in usage for Apple Pay and Google Pay is particularly notable, even if the reasons for the declines aren’t completely understood. Since launching Apple Pay in 2014, Apple has seen major retailers like Walmart forgo its platform for […]

June 11, 2018

The Tribune report points out that the 110-story Willis Tower (formerly the Sears Tower) is visited each day by about 25,000 workers and tourists and is undergoing a $500 million renovation of its lower-level retail spaces. It’s also about two […]

May 17, 2018

Ikea’s new card arrives at a time when private-label store credit cards are rapidly evolving. More retailers who hadn’t offered their own cards, such as Lucky Brand, are getting into the game, while retailers with established credit cards, such as […]

May 10, 2018

Despite the fast-paced growth in online retail sales, checkout conversions and cart abandonment are still a huge problem for many retailers—particularly on mobile, where conversion rates are around half of those on desktop. While consumers spend more than half their […]

May 4, 2018

Instagram’s test of native payments is the latest step in the app’s advancement toward e-commerce. Brands and social influencers already post photos of products on the site, making the mobile app a key way for consumers to discover new products. […]

May 3, 2018

While Amazon hasn’t confirmed that it’s testing a program to incentivize retailers’ use of Amazon Pay, the initiative is a threat to companies like PayPal and Square that collect fees for the transactions they process on their payment platforms. The […]

January 5, 2018

Tourism is big business in the U.S. In 2016, 75.6 million international visitors came to the United States and collectively spent $244.7 billion across the country. For many tourists, the U.S. is considered a shopping destination for luxury goods. Why? […]

December 22, 2017

T-commerce is actually something consumers can already engage in, to some extent, if they own a smart TV. Such Internet-connected TVs have allowed a degree of app-based or online purchasing via the TV remote, and TV-enhancing platforms like Amazon’s Fire […]

December 5, 2017

Target announced a number of new mobile app features back in September, and said this one was on the way. The timing of the launch, in the middle of the holiday season, couldn’t be better — well, unless you’re already […]

November 28, 2017

It comes as little surprise that Amazon dominated the biggest holiday shopping reason of the year. However, hearing in real numbers just how much the e-commerce giant commanded this past weekend is still a bit startling. According to the stats […]

November 17, 2017

Amazon did not comment for the Bloomberg report, but we could hear something from the e-commerce giant soon as the one-year anniversary of Amazon Go’s unveiling approaches. When Amazon announced the concept last December, the company had discussed plans to […]