We’ve got a payments news roundup with news you can use from around the globe. Pulse Network looks at some of the reasons Apple Pay is gaining with credit card issuers. We’ve got a payments processor showdown between Stripe and PayPal as well as a look at the new iPhone Xs with Face ID.
Apple Pay and Google Pay will now be available at nearly 8,000 US 7-Eleven stores. Jet.com does a brand relaunch with grocery, beer and other product offers and three-hour delivery in New York City. Chinese consumer interest in global brands like Apple, Nike, and IKEA is dropping. all this and much more in our popular weekly payments news roundup.
Debit card issuers take a shine to Apple Pay
A new research study of debit card issuers by Pulse Network shows that 12.2% of debit cards were enrolled in Apple Pay as of January 2018, an increase of 6.3% from January 2017. Samsung Pay grew by 1.5% as of January 2018, compared to January 2017 while Google Pay was up 1.3% during the same timeframe. Read more…
Payment Processor Showdown: Stripe vs. PayPal
Here, we’re going to examine two of the most popular payment processor options out there: Stripe and PayPal. Both have distinct advantages and disadvantages, so let’s see how they stack up. PayPal and Stripe each carry unique benefits and challenges. What questions should you be asking before kicking off the decision-making process? Read more…
All Three New iPhones Feature Face ID Biometric Authentication
That, of course, means that the new iPhone doesn’t have Apple’s Touch ID fingerprint scanning system. Like the iPhone X, the iPhone Xs has swapped out Touch ID in favor of a facial recognition system based on infrared scanning, and Apple says the new Face ID is faster than it was on the iPhone X. The key takeaway here is that Apple has definitely ditched fingerprint scanning in favor of Face ID. Read more…
7-Eleven rolls out Apple Pay, Google Pay to all US stores
7-Eleven said this week that Apple Pay and Google Pay will be accepted at most of its nearly 8,000 US stores this month. It already accepts Samsung Pay. The rollout began in August and mobile payment is among a growing list of digital advances at 7-Eleven, including the 7-Eleven NOW smartphone app which enables mobile ordering and delivery; 7-Eleven Rewards; the 7-Eleven Bot on Facebook Messenger; Amazon Locker and Amazon Cash. Read more…
Jet.com announces major rebrand to target city dwellers
Jet.com announced a brand relaunch emphasizing local products and a new “city grocery experience” that, starting in New York, features three-hour scheduled same-day and next-day delivery windows (through recently acquired Parcel), local and craft beer delivery, and customized delivery options to accommodate needs like leaving purchases with a building doorman. Read more…
Research: Mobile fraud attacks rise 44% in US
By the middle of this year, mobile transactions, including new accounts, logins and payments surpassed 58% of all traffic compared to just 19% when first measured by ThreatMetrix in 2015. The bad news is mobile fraud rates in the first half of 2018 also rose 24%, and in the US mobile fraud attacks rose even higher, showing an astounding 44% increase. Read more…
Sorry Apple and Ikea, Chinese Shoppers Don’t Love You Anymore
Move over Apple and Nike. Chinese phone maker Huawei and food delivery giant Meituan Dianping have replaced you as some of China’s favorite brands. The once-coveted brands of multinationals are losing ground to local companies in the world’s most populous country, according to a new report on the country’s 50 most relevant brands. Read more…
Passwords passé, “something I am” biometrics ID coming soon
A new report from Juniper Research says password-based solutions are increasingly impractical, and service providers have begun testing alternative second factors; ‘something I am’, such as a fingerprint, iris, facial feature or vein pattern to establish an individual’s identity. Biometric identities provide an extra layer of security for mobile payments according to Juniper. Read more…
LET’S CONNECT