The information you need to start your day, from PaymentsSource and around the Web: Cashierless in Seattle: After more than a year of testing, Amazon Go is opening to the public today at a single location in Seattle.The store uses cameras and sensors to track what consumers buy and bill those customers after they leave…
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Mastercard is teaming with SIX Payment Services to enable cashless payments at the Hahnenkamm, a top European ski race in Kitzbühel, Austria, to speed up service and eliminate lines. The payments processor SIX, of Zurich, is supporting more than 80 mobile payment terminals temporarily placed throughout the ski resort and within the city’s center to…
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The person-to-person payments service Zelle differentiates itself from rivals by promising users that transactions sent over its network will clear in near-real time. Yet in recent months, the service has faced a number of complaints from consumers who say they are having problems sending or receiving money or setting up accounts in the first place.…
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The information you need to start your day, from PaymentsSource and around the Web: ‘All-in-one’ cards get another shot: Curve has debuted a card in the U.K. that allows consumers to switch a card used to fund a payment after they have left the store. Through the card’s “back in time” feature, card preferences can…
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If it wasn’t before, it’s official now. Signature authorization in North America will largely cease to exist in April. Visa will join the other major card brands in making the signature requirement optional for all North American merchants accepting contact or contactless chip-enabled EMV cards. Bloomberg News Visa’s announcement signals what many in the payments…
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The banking industry, like many other industries, is poised to experience unprecedented change as it moves towards a digital industry. While most bankers have already begun to embrace a digital landscape, there is still a lot of challenge to come.The future of banking will include a number of new ideas and methods for accomplishing tasks…
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The long-rumored U.S. launch of LG Pay looks finally set to happen. South Korea-based LG Electronics Inc. plans to debut its mobile payments platform in the U.S. during the first half of this year, coinciding with the launch of two new handsets — the G7 and V40. LG Pay offers a near identical version of…
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DOWNLOAD PDF Abstract At a time when the customer experience can be an important competitive differentiator, personalization has emerged as a powerful feature to bring to the table. For financial institutions, prepaid program managers, retailers, healthcare providers and more, delivering personalized experiences through uniquely customized cards, imagery and collateral can contribute to critical relationship-building and…
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U.S. financial institutions expect it will take another two to five years before consumers broadly adopt mobile payments, and most banks see more obstacles than opportunities in supporting these emerging payment technologies, according to a new study by the Federal Reserve Bank of Boston. Sixty-three percent of banks and credit unions said mobile payments at…
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WASHINGTON — The Trump administration’s consideration of J. Mark McWatters to lead the Consumer Financial Protection Bureau is stoking fears among bankers that he will show favor to credit unions once in office. In his current position as chair of the National Credit Union Administration, McWatters has publicly advocated for cutting back the CFPB’s oversight…
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