Tag: Mobile payments

Data: ‘Hey Siri, Alexa, Google—when will you be ready for payments?’

Voice assistants are on a fast track, with ownership of home devices like Amazon Echo and Google Home surging to between 20% and 25% of households from a mere 1% in about two years. The rapid growth is inviting keen interest in many circles about the potential for voice assistants to spark disruption in commerce,…
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April 11, 2018 0

Shoptalk 2018

On this episode we talk with Mercator Advisory Group’s Associate Director of Research Services, Raymond Pucci about his experience at Shoptalk 2018. During our conversation we cover the following topics: Key topics and themes discussed at the event What are multi-modal payments What are the significant things mentioned at Shoptalk to note for the rest…
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April 3, 2018 0

Google Pay’s P-to-P finds its voice

Google Pay users can now simply tell Google Assistant on their Android and iOS phones to make a payment to another person. The voice-activated payment option has been added to Google Pay’s features to address situations in which consumers have to pay someone back, for example, after a weekend activity, Sam Kensara, product manager for…
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March 22, 2018 0

BBVA testing facial recognition for mobile payments

BBVA has started testing a facial recognition payment application for employees to use at cafeterias and restaurants at the Ciudad BBVA office and business conference complex in Madrid. The mobile app is powered through technology from startup Veridas, which was a joint venture last year of BBVA and Das-Nano. Restaurant partner Sodexo Iberia is also…
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March 19, 2018 0

NFC still has a trust gap for payments

This coming April, all major American credit card companies will become signature-optional, meaning merchants won’t need to require users to provide a signature in order to complete a credit card purchase. The move is hardly a radical change, but is a signal that the U.S. is catching up to the U.K. and Canada when it…
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March 13, 2018 0

Data: Mass transit is the gatekeeper for digital payments

In many instances, mass transit systems have proven to be catalysts for adoption of new payment technology, starting with the genesis of contactless cards for access to buses and trains in Hong Kong and Japan in the late 1990s. Hong Kong’s Octopus Card is one of the earliest examples of how transit networks can expand…
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January 31, 2018 0

After building its bank base, what’s next for Zelle?

It’s clear now that the launch of Zelle last year was far more than a skin-deep rebranding of the years-old clearXchange network, as the P-to-P payments network announced some sizable gains over its past performance. To date, more than 60 financial institutions have joined the Zelle network with participants representing half of U.S. demand deposit…
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January 29, 2018 0

Mastercard goes cashless at ski race, launches push for ‘Priceless’ moves

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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January 20, 2018 0

Banks see a long road to mobile payments

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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January 6, 2018 0

Payment companies must get faster, or get left behind

The demand for safer data, faster payments and better experiences presents great opportunity, but also significant challenges. The way we pay is changing. As shopping habits evolve, e-commerce and m-commerce methods such as in-app and one-click ordering are becoming increasingly popular. In addition, the exponential growth of the IoT is introducing a wealth of new…
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December 15, 2017 0