Second Menu

NEWS

PayPal raises US prices

PayPal says it will increase prices for thousands of businesses as the company looks to maintain revenue growth and boost profit margins as a stand-alone business separate from eBay. PayPal says it is introducing for US merchant flat rate of 2.9% plus 30 cents for domestic transactions and 3.9% plus a fee that varies by country for international transactions. The change takes effect… Continue reading >>

Visa Checkout a hit with online consumers

Visa says that online shoppers using its Visa Checkout payment service are 17% more likely to complete their purchases than those using PayPal. Visa Checkout, which allows shoppers to store their payment information without having to re-enter it every time they make a purchase online, said 66% of its enrolled customers completed their transactions after putting items in their shopping cart compared to 49% of… Continue reading >>

CurrentC to delay launch

CurrentC, the mobile payment platform developed by MCX, will kick off a public beta test within the next few weeks in Ohio, but may not push its service across the US until 2016, MCX CEO Brian Mooney told Recode in an interview published Wednesday. MCX, which has been working on its mobile-payment platform for three years, had initially planned to… Continue reading >>

Android Pay launching this week

According to numerous press reports, Android Pay is set to launch this week, letting users of Google’s mobile operating system pay with their phones. The service is set to go live on August 26 in the US, according to a leaked message from McDonald’s. Google hasn’t yet indicated when it will launch Android Pay in the UK. Android Pay is Google’s… Continue reading >>

Advanced Payments – Which paths to success?

PCM in partnership with Edgar, Dunn & Co. and American Express unveil the findings of the latest Advanced Payments Survey. The annual Advanced Payments Survey, which this year has been produced by PCM in conjunction with American Express and written by consultancy Edgar, Dunn & Co. (EDC), has become one of the benchmark indicators of where the payment industry is… Continue reading >>

The Omni-channel challenge in Retail payments

More and more merchants in Europe feel the need to offer their services via multiple channels (i.e. physical stores, online, mobile etc.), embracing the so-called omni-channel retail approach. “In terms of payments, an omni-channel approach for merchants means accepting a wide variety of (offline and online) payment methods,” explains Evelien Witlox, General Manager Product Management & Innovation at Equens. “As –… Continue reading >>

Increasing appetite for mobile contactless payments in Germany

Mobile contactless payments based mobile payments are gradually gaining prominence in Germany, with consumer preference for secure payment services also gaining ground, finds a new report by Timetric. According to the report, mobile penetration witnessed a healthy growth during the review period, rising from 128.3% in 2010 to 134.3% in 2014. One of the primary reasons for growth in smartphone… Continue reading >>

Mobile payments poised for explosive growth

Worldwide mobile payments will account for $1 trillion in value in 2017, up 124% from the less than $500 billion expected in 2015. Asia/Pacific markets will contribute to this growth greatly as mobile commerce (or mCommerce) transactions with remote payments take off across the region. Driven by a high number of initiatives and diverse mCommerce maturity level, Asia/Pacific is expected… Continue reading >>

As smartphones evolve into wallets manufacturers forget about the basics

Smartphones have evolved to the point where they are now starting to replace our purses and wallets, yet almost two thirds (62%) of mobile users think they are evolving so fast that manufacturers are forgetting about the basics. That’s according to new research by uSwitch.com, the independent price comparison and switching service. The primary concern for almost three in 10 (28%)… Continue reading >>

Research reveals little impact from mobile payments on cash use

The ATM Industry Association (ATMIA) has released a new research paper, “US Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments. ATMIA sought to determine what real impact mobile payments are having… Continue reading >>