Mobile Payments

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…

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…

Examining the mobile payments industry and its impact on the financial sector

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.…

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 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…

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…

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…

Target will soon accept Apple Pay, Google Pay, Samsung Pay, and other mobile payment options in its stores, the company announced in a blog post Tuesday. The retailer is striving to offer more convenience and faster checkout experiences to customers. Target has offered mobile payment via its Target App since 2017, and the addition of…

So, what should retailers do to maximize holiday sales? It all starts by attacking those long lines and out-of-stock complaints.