Report says most millennials are using mobile retail apps

CFI Group has published its Retail Satisfaction Barometer, which reveals consumer expectations during the shopping process, specifically noting the popularity of mobile technology. The report uncovered that the use of mobile applications for shopping purposes doubled in the past year,...

FEATURES


Study predicts six-fold growth in mobile e-commerce payments by '17

Mobile payments for online purchases will increase from $18 billion worldwide in 2012 to an $117 billion in 2017.

Jack Dorsey: 'Don't throw that receipt away'

At NRF, Square founder urges retailers to see receipts as communication channel for increasing customer engagement.

Expanding the mobile payments universe: No more walled gardens

Payments in isolation can't break the card habit, startup CEO says in business manifesto, but a mobile ecosystem might.

The mobile-digital choice: Innovate or die

With consumers empowered by technology, there's no turning back, ATMIA head says at ATM& Mobile Executive Summit.

Braintree offers Venmo Touch to FIs, issuers

Payment provider partners with virtual bank Simple to provide single-click mobile payments.

Web.com newest MasterCard digital wallet partner

Partnership gives 3 million small businesses access to MasterCard's MasterPass digital wallet.

How to grow online sales: What the GrubHub/Seamless merger means

As the National Restaurant Show lumbered into its third day, GrubHub and Seamless, two leading online ordering providers for independent restaurants, awakened the industry with a major announcement — a merger that would form the nation's largest network for mobile...

Log In with PayPal offers easier online, mobile shopping

PayPal account holders can log-in and pay online and on mobile devices with a single ID.

Kalixa Group latest to promise payment disruption

Spin-off of online gaming provider bwin.party will offer a full suite of digital payment solutions.

Amazon's bi-modal purchasers

Amazon seems to think that there is a market for virtual coins. The company revealed the possibility of a customer buying apps or in-app purchases with their credit card or virtual coins.

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NEWS


WorldPay, ZNAP partner to enable multichannel commerce

Payment processor WorldPay and ZNAP, a mobile business platform, have agreed to a global partnership which will enable multichannel commerce for new and existing businesses. The joint offering has already been deployed by the Rugby Football Union at Twickenham Stadium...

PayStand ends beta, raises $1 million in seed funding

PayStand, which calls itself a next-generation online payment solution, today launched its service enabling organizations to accept multiple payment options online without transaction fees to the merchant. The company said in its press release it is the first and only...

PayNearMe raises $20 million in new funding

The U.S. electronic cash transaction network PayNearMe has closed a $20 million round of financing led by GSV Capital.

Slyce buys imaging tech to aid mobile retailing

Slyce, a visual search technology firm, has acquired computer vision technology developed at York University that quickly analyzes and aggregates similar images. Through the acquisition, Slyce also hired former York doctoral student Ehsan Fazl-Ersi to lead the integration of the...

Interswitch brings cardless mobile ATM withdrawals to Nigeria

The African payments company Interswitch Transnational has added cardless ATM withdrawals for mobile money users to its Quickteller service. Quickteller allows customers to buy airtime, pay bills and transfer funds at various touch points, including ATMs, POS terminals, the Internet...

Amazon making an in-store mobile payments play?

The Wall Street Journal reports that Amazon is looking at getting into the mobile POS business, by possibly providing brick-and-mortar retailers with in-store checkout systems based on Kindle tablets. Details are sketchy and few, but the report points to the...

Omanye Money launches international mobile remittances to Ghana

U.K.-based Omanye Money has launched an international remittance service enabling customers to transfer funds directly from their mobile phones to recipients' Airtel Money mobile wallets in Ghana. Airtel Money is a mobile money service operated by the multinational mobile operator...

KryptoKit releases Bitcoin merchant directory

Bitcoin online wallet provider KryptoKit is providing a shopping directory of e-commerce websites that accept Bitcoin for payment. Toronto-based KryptoKit specializes in encryption and digital currencies. KrypoKit announced its Bitcoin shopping directory at the first North American Bitcoin Conference in Miami on Jan.

NearBytes launches NearPay proximity payments platform

Rio de Janeiro-based NearBytes has launched the NearPay system for secure proximity payments. NearPay uses encoded sound for communication, authentication and the exchange of payment data between mobile devices and computers. It allows mobile phones to be used for proximity...

NBA's Sacramento Kings accepting Bitcoin

The Sacramento Kings, a U.S. professional basketball team, said it has become the first professional sports franchise to accept Bitcoin.

PayPal APAC launches Mo.bi.pay mobile optimization tool

To help small-to-medium businesses optimize their website for mobile sales, PayPal Asia Pacific has released Mo.bi.pay (mobile built-in payments). Developed by PayPal’s Vertical Solutions team in Singapore, Mo.bi.pay makes it easier for customers to browse through products and make purchases,...

Bitcoin payroll API released by Bitpay

Bitcoin processor Bitpay has released the beta version of its Bitcoin payroll API (application programming interface) for employers that enables employees to receive a portion of their net pay in Bitcoin. Atlanta-based BitPay enables merchants to accept Bitcoins as a...

Overstock.com partners with Coinbase for Bitcoin acceptance

The online discount retailer Overstock.com has partnered with Bitcoin wallet provider Coinbase to add Bitcoins to the range of payment options available on its website. Coinbase, which said it has 19,000 business customers, allows merchants to accept customers' Bitcoins as...

Juniper Research: Mobile retail purchases to exceed $700 billion by 2018

Annual retail payments on mobile handsets and tablets will reach $707 billion, or 30 percent of all e-Retail by 2018, compared with 11 percent in 2012 and 15 percent in 2013, according to a report by Juniper Research. Total global...

Alibaba, Bundesbank add to Bitcoin setbacks

Taobao, a subsidiary of Chinese online marketplace Alibaba, has banned Bitcoin as well as Bitcoin mining software and related material, citing new government regulations, according to the South China Morning Post. The ban takes effect on Jan.

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Many mobile payment services are emerging that offer text verification and flexible connections to credit/debit cards, bank accounts, prepaid cards and cash payments.