It’s not like Visa and MasterCard haven’t tried to get US consumers to embrace contactless cards. But according to a recent infographic released by Visa, only 0.6% of US consumers used contactless payments as of September 2017. Contrast that with some of the biggest adopters ...
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Payments Technology
Payments Technology
The payments industry loves the promise of new technology whether it’s mobile payments, fingerprints, facial recognition or other biometric payments. But the challenge of moving from test markets to the real world is always present. Visa, Mountain America Credit Union, and Fingerprints AB ran a ...
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In Japan, 80% of consumers pay for transactions with cash. That’s why Amazon Japan’s decision to introduce Amazon Pay in partnership with startup Nippon Pay shows they are in the cashless payments market for the long term. With only 20% of Japanese consumers using other ...
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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 ...
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With the opening of its second store in Seattle, Amazon Go is in the vanguard of the cashier-less checkout movement. Though checkout automation has been a goal for many retailers, some have struggled with concepts from self-checkout to full cashier-less checkout and it remains a ...
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Google and four Indian banks will offer Indian consumers instant loans in the ultracompetitive $1 trillion Indian digital financial market. According to a Bloomberg report, “HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, and Federal Bank Ltd to offer instant, pre-approved loans to customers right within Google Pay ...
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Our weekly payments industry news this week features an update on synthetic identity fraud, record Q2 2018 target financials, e-commerce membership sales growth, a smart speaker for cryptocurrency purchases and voice shopping as well as our popular weekly global news roundup. Synthetic identity fraud is ...
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When it comes to payments apps, there’s a new sheriff in town. Square’s Cash App now has a total of 33.5 million downloads compared with PayPal Venmo’s 32.9 million cumulative downloads according to Nomura Instinet analyst Dan Dolev. “If the Cash App continues to grow ...
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It’s very surprising the check clearing system in the UK has not kept pace with new technologies in most other markets around the world. By the end of this year, UK financial institutions will all finally adopt a new image-clearing system that replaces a traditional ...
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Here’s what we’ll be reading this weekend in payments industry news, trends, research and innovations from around the globe. PayPal Cross-Border Consumer Research 2018 The new PayPal cross-border consumer research study is filled with insights for e-retail and e-commerce operators. Learn how online commerce, and ...
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