Happy July 5 to our US readers and welcome to this week’s global payments news roundup. We start with a look at the growing Chinese traveler payments market and CITCON’s EU expansion. Most consumers pick online payments security over convenience, but to the Brits, it’s ...
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Chinese travelers are currently the largest spenders and the fastest-growing traveler segment in Europe. This presents EU businesses with an opportunity for growth by serving this new consumer market if they can figure out how to handle payments seamlessly. To help EU merchants meet this ...
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This week’s global payments news roundup starts with Amazon’s launch of a new delivery option called Counter and partnering initially with 100 Rite Aid locations. Kount AI is a new fraud detection program built on artificial intelligence that simulates a skilled fraud analyst. Coresight Research ...
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The trunk of your car, your car garage, employee-owned delivery vehicles, driverless vehicle and robot deliveries, standalone lockers, its own Prime Air fleet, potential drone deliveries, a pickup and return partnership with Kohl’s stores. Amazon has tested many options for customers to get delivery of ...
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Payments fraud is growing at 14% year over year, faster than overall retail sales, and growth in mobile fraud is also accelerating. According to Juniper Research, retailers could lose as much as $130 billion between 2018 and 2023, reaching $7.2B by the year 2020. Fraud ...
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With the launch of its MasterCard Digital Wellness program, the payments giant is making some smart moves to enhance digital payments and security for the small business sector. The new AI technology and suite of resources helps small and independent businesses offer online customers password-free, ...
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E-commerce, global competition, and changing shopper tastes and demographics have caused dramatic disruption in the US retail marketplace. Coresight Research tracked 5,524 US store-closures in 2018 compared to a record 8,139 closures in 2017. The company says at the end of May, the number of ...
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Welcome to this week’s global payments news roundup which leads off with an interview with Bank of America CEO Brian Moynihan who talks about moving towards a cashless society. Next, we look at Facebook’s Libra cryptocurrency announcement and what’s ahead for the proposed new cryptocurrency ...
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At Fortune’s Brainstorm Finance conference in Montauk, NY yesterday, Bank of America (BoA) CEO Brian Moynihan said his bank is ready for a cashless society. Moynihan highlighted how his financial institution has embraced fintech and “probably spent $30 billion on code” in the past eight years ...
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When it comes to delivering products by drone, Walmart and Amazon are going head-to-head in what many believe is the future of fast deliveries for online shoppers. According to BDO, Walmart filed 97 new drone patents with the World Intellectual Property Organization (WIPO) since July ...
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