DOJ Approves Creation Of Real-Time Payments Network The DOJ has approved a real-time payment network suggested by two dozen banks who want to provide faster payments to merchants using their merchant services. The DOJ wanted to make sure that this was not a move that would consolidate too much power in too few places and that there is no […]
Real-Time Payments Network approved! What Is It? Read More »
The Retail Industry is Far from Dead For all the talk about how e-commerce has advanced to the point that online shopping has obliterated the brick-and-mortar experience, the evidence cited in this regard is tenuous at best. Those who believe that e-commerce will make shopping mall disappear will often mention the meteoric rise of Amazon
Retail isn’t Dying, it’s Evolving Read More »
What Virtual Reality Means for Merchants and Retailers The video game industry has already made the most out of augmented reality and virtual reality, two advanced technologies that were originally developed for military applications; has the time arrived for the retail and e-commerce sectors to embrace them? Augmented and virtual reality technologies, respectively known as
Virtual Reality is Shaping Retail and E-commerce… Re-commerce? Read More »
Though the high-profit potential of Bitcoin and other cryptocurrencies offers irresistible bait to that powerful under-36 demographic we call millennials, it’s not time to write the stock market obituary just yet. Popular stock market apps have made online trading of stodgy old Wall Street firms seem cool and new again. The truth is that
Stocks and Bitcoin Battle for Millennials’ Investing Dollars Read More »
How and Why Shake Shack is Opening Cashless Burger Joints Just when the world thought buzzers were the most cutting-edge ideas of the food industry, Shake Shack, a burger joint based in New York City, decided to try something different and innovative. They will be opening a cashless Shake Shack New York City at Astor Place
Shake Shack Goes Cashless Read More »
Is Goldman Sachs About To Take The Plunge Into Bitcoin? Something as flashy and relatively new to the scene as Bitcoin may not be the first thing you would imagine a company like Goldman Sachs getting themselves involved with. However, they may yet still have a few surprises up their sleeves. Recently, Goldman Sachs has hinted at
Goldman Sachs Interested in Bitcoin Trading Read More »
Membership may have its privileges, but American Express is finding out that members of the Millennial Generation do not consider feeling snooty as a privilege. As a credit card and as a symbol of refinement by means of wealth, American Express has long been associated with the moneyed class and the jet set, and this
Pretentious Amex Branding Does Not Entice Millennials Read More »
Mobile payments are still a new development for most consumers. They are clearly marked on most retail payment terminals, and most banking apps offer the ability to make transfers and deposits with just a few taps. However, most people still slide their card, reluctantly slip it into the chip reader or hop on a computer
Older Millennials Are More Likely to Use Mobile Payments Read More »
One of the biggest problems for merchants accepting credit cards is not fraudulent transactions, but rather false declines. Certainly, credit card fraud is costly, but it’s estimated that merchants lose $118 billion due to credit card declines where the transaction is genuine and the customer is not over their limit. It’s estimated that 15% of
MasterCard Using Artificial Intelligence to Attack False Declines Read More »
In the fragmented world of mobile payments, one company is taking advantage of unifying existing technologies for the benefit of shoppers. FitPay is a California company that was envisioned by veterans of the mobile payments industry. This innovative tech firm has paid close attention to shoppers who have been largely underwhelmed by “contactless” mobile payments
FitPay: A Truly Wearable Payment Option Read More »
Modern payment methods in the United States range from EMV chip cards to digital wallets to bitcoin; however, there’s one traditional form of payment that has managed to survive the shift towards digital. Use of Paper Checks by American Business Entities The use of paper checks by American business entities and individuals remains uncomfortably high
More Businesses Than You Think Still Pay By Check Read More »
For the majority of individuals in the property management sector, a checkbook is a vital device that lets vast sums of money be transferred from one point to another without carrying briefcases full of bills. It is also a perfect way of making payments tenuously (mainly rent payments and even utility bills). With millennials promptly
Mobile Rent Payments May Kick off Soon Read More »
Businesses are striving to stay on top of trends in consumer behavior, and mobile payments have been a hotbed of activity. Walmart Pay just rolled out nationwide, and the company is hoping that the app will help them collect more information about how customers use their products and make purchasing decisions. Credit card processing has seen
Walmart Pay to Deepen Information about Shopper Habits Read More »
If you’re still using computers and other hardware from a decade ago, it’s probably time for an upgrade. The technology of today is significantly more powerful and efficient than what was available 10 years ago, so upgrading your equipment can help make sure you keep up with the times. Signs Its Time To Upgrade Here
5 Signs Its Time To Upgrade [2023 Update] Read More »
As we approach the final leg of the race toward the looming EMV deadline, solutions that might sound like an answer to challenges associated with becoming EMV compliant begin to emerge. In this article I hope to address the problems ISVs are facing now that that October is around the corner and touch on a
ISVs Tackling Issues, Possible Solutions Surrounding EMV Read More »
EMV, a supposedly more secure method of payment has been receiving much criticism in the past months and isn’t exactly being accepted with open arms. So October is around the corner, but what about EMV? A recent survey conducted by Gfk Public Affairs shows that the major shift from mag-stripe to EMV has much farther
October Is Around The Corner, But What About EMV? Read More »
The story of retail has largely been a story of a shift in focus from individual customers to the mass economy, but there’s a push to take everything back to the personal level. Recent studies about consumer preferences indicate that consumers are more receptive to personalized shopping experiences and services. If you can make the
BLE and the power of the individual in the mass market [2023 Update] Read More »
What does the research say about consumer reaction to mobile wallets?
How do consumers feel about mobile wallets? Read More »