Internet of Things (IoT) payments will total an estimated $24.5 billion in 2018 but Juniper Research predicts the IoT payments market will grow at an impressive average of 75% per annum over the next 5 years, reaching $410 billion by 2023. A large portion of ...
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Fintech
Fintech
Welcome to Payments NEXT’s Friday global payments news roundup featuring breaking news, industry insight, trends, research and much more. PayPal Scores an AmEx Tie-Up and Notches a Strong Quarter, Though Challenges Loom PayPal began working with competitive and semi-competitive partners, and on Thursday it added ...
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Mitek released a new report ranking the top 20 US retail financial institutions based on the customer experience, quality and features of their mobile banking deposit app and services. The third annual 2018 Mobile Deposit Benchmark Report shows that financial institutions investing in the design, ...
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In an unusual deal, Swedish-headquartered fast fashion retailer H&M invested $20 million to acquire under 1% of online payments firm Klarna. H&M will implement Klarna’s payments platform in its retail and online channels to provide shoppers with what it calls a “frictionless” payments experience starting ...
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Here are the top global payments news stories from this week, all curated for your weekend reading pleasure. Fed seeks feedback on plans for RTGS system for faster payments The Federal Reserve Board is calling for public comment on its plans to build a real-time ...
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The US Supreme Court decided on June 21, 2018, that states and local governments could require online retailers to collect online sales tax even if they don’t have a physical presence in the local tax jurisdiction. In South Dakota v. Wayfair Inc., the court left ...
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India’s leading online shopping site Flipkart, now 77% owned by Walmart, launched a cashless credit program that will give shoppers access to an instant credit line of up to Rs 60,000 ($834 USD) to buy products on the e-commerce marketplace. The announcement comes just ahead ...
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Here’s the best global payments news that crossed our desk this week, all curated and quickly accessed for your weekend reading enjoyment. We start with PayPal’s acquisition of iZettle for $2.2 billion. Amazon’s Alexa introduces six new products, hoping to dominate the voice shopping market. ...
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Along with the disruption in the financial market by technology are the growing burdens of compliance and its impact on the financial industry. A new whitepaper from Juniper Research projects spending on Regtech platforms will exceed $115 billion by 2023, up from an estimated $18 billion ...
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Here’s what caught our attention in global payments news this week. IBM has now launched its blockchain payment clearing network for banks. Check out how cashierless stores are impacting retail. Amazon Pay enters the Japanese market in partnership with Nippon Pay and Instagram is building ...
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