Mobile Payments

What’s in Your Customer’s Wallet?
October 31, 2019 at 10:11 am

With retail in 2019, it's innovate or get left behind. Merchants must compete to win the business of consumers more than ever before. In this push-and-pull landscape that will only intensify, consumers are demanding more personalized shopping experiences and further asserting their purchase preferences. One trend that has bubbled to the surface is the move…

3 Reasons Why Retailers Need Mobile Payments
October 9, 2019 at 11:09 am

In today's retail world, more and more consumers are searching for faster and simpler ways to make purchases. Whether shopping online or in-store, innovations such as self-checkout aren’t enough anymore. The mobile wallet has emerged as a way to enhance the customer experience and edge out the competition. Mobile Wallet Usage is Growing In 2017,…

Apple Launches Apple Card for US Consumers
August 21, 2019 at 1:44 pm

Apple announced Tuesday it will now accept applications for its Apple Card credit card from anyone in the U.S., reports Cnet.com. The retail giant, which did an invite-only soft launch for the card earlier this month, has made the card available and managed entirely on the Apple Wallet app on mobile devices, where users can…

How 5G Will Revolutionize Retail Mobile Payments
August 8, 2019 at 12:32 pm

Retail has increasingly become a mobile function to meet the needs of a constantly on-the-go consumer base, especially with the rise in popularity of mobile e-wallets. The introduction of 5G will only enhance innovations in retail technology and, in turn, benefit the consumer. While still in its infancy, there's an expected global 5G rollout coming…

7-Eleven Japan Shut Down its Mobile Payment App After Hackers Stole $500K From Users
July 10, 2019 at 10:16 am

Last week, 7-Eleven Japan suspended a recently launched mobile payments feature on its app after a flaw allowed a third party to make bogus charges on hundreds of customer accounts. The company released the feature on July 1. It allowed customers to scan a barcode with the app and charge a linked credit or debit card.…

How Retailers Benefit From Controlling Their Payment Ecosystems
June 26, 2019 at 11:42 am

The retail payment ecosystem has evolved over the years to include a vast array of payment options for consumers. Mobile payments are on the rise, as an estimated 20.2 percent of U.S. consumers made use of them in 2018. As this trend grows into the new way of doing business, Mobile Merchant even predicts that…

J.C. Penney Stops Accepting Apple Pay
April 23, 2019 at 10:13 am

J.C. Penney confirmed that it stopped accepting Apple Pay in connection with an April 13 deadline that required merchants to retire old magnetic stripe functionality. The retailer decided to stop accepting the mobile wallet after a deadline from a third-party credit card brand, which the retailer declined to name, requiring merchants to accept EMV contactless…

Myths vs. Facts: Exposing Myths in Retail Payments
April 15, 2019 at 11:27 am

In our bustling retail landscape — today’s most competitive market — it’s hard to believe that many online merchants, particularly those based in the U.S., avoid access to global transactions. When considering U.S. cross-border e-commerce is expected to generate sales of $203 billion by 2021, it should be a no-brainer for online retailers to consider capitalizing…

What Retailers Need to Know About How Consumers Shop in the Mobile Age
March 3, 2019 at 11:41 am

Smartphones are the center of our lives from the moment we open our eyes. In fact, a new report from RootMetrics by IHS Markit shows that nearly one in four (23 percent) Americans check their mobile phones within a minute of waking up, and over half (58 percent) check their smartphone within 10 minutes. The…