Today’s newsletter looks at a big jump in 2017 holiday e-commerce fraud, the drivers behind China’s mobile payments growth at home and abroad, and Starbucks no-cash only payments test in a Seattle coffee shop.
ACI: Holiday e-commerce fraud attempts jumped 22%
A new ACI Worldwide research report showed 2017 e-commerce fraud jumped 22%, while transactions increased 19%. The report provided some interesting highlights on e-commerce fraud from Thanksgiving Day through the end of December. Read more…
What’s driving China’s mobile payments global growth?
Wharton University recently published a valuable look inside China’s mobile payments industry and the global ambitions of its industry leaders. The growth is most notable by the two largest competitors – Alipay and WeChat Pay which together own more than 92% of the Chinese mobile payments market. Read more…
Starbucks tests coffee with no-cash payments
When it comes to payments, the idea of no longer using cash may not be far away if an experiment at Starbucks in Seattle is any indication. A Starbucks’ spokesperson said the Second Avenue and University location is testing the no-cash payments system to study its impact on consumer experience. Read more…
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