paymentssource

Dutch Central Bank Study Finds Debit Cards Good for the Environment

Consumers can help save the environment by choosing card payments over cash, according to a study by the Dutch central bank. The energy consumed by a debit card transaction could light an 8-watt bulb for 90 minutes, compared with two hours for a purchase using banknotes and coins, the researchers wrote in a working paper […]

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Top Insights From the 2018 World Payments Report

Capgemini’s 2018 World Payments Report is out, and it has some alarming predictions. While digital payments are rapidly taking over, there are some exceptions.

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Even in a Global Tech Wave, Payment Fintechs Should Think Local

There is no doubt the payments industry is evolving at a very fast pace, and giants are beginning to appear from every corner of the world.

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Mobile Wallets Can Cure the Blues of Cash and Card Expense

As retailers work to address the operational challenges posed by cash and card acceptance, mobile wallets offer a versatile solution. Despite huge recent advances in digital and electronic payments, cash use remains prevalent worldwide. This presents various challenges for retailers. It is easy to steal.

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Crypto Industry at Risk of a Strong Downturn

Echoing sentiments of mainstream economists, Juniper Research is warning that many of the metrics in the cryptocurrency world are pointing to a market implosion. Industry bellwether Bitcoin had seen its daily transaction volumes fall from an average of around 360,000 a day in late 2017 to just 230,000 in September 2018.

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Loyalty Marketing Is Paramount in Era of Endless Payment Options

Modern retail customers have infinite choices at their fingertips. They can easily find any product at any time at the best price. There’s no pain in switching brands. That’s why gaining repeat customers is necessary for long-term retention and brand loyalty.

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Too Many Merchants Expect Consumers to Bear the Burden of Payment Change

Meeting customer demand for seamless payments can have a positive impact on merchants’ businesses. Research conducted by Strategy + Business, for example, highlights the business benefits of creating a seamless experience for customers – it can help generate repeat business for the service provider, avoiding friction that leads to abandonment.

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VIDEO: As Alipay and WeChat Pay Enter the Market It Will Force Banks to Innovate

The entry of Alipay and WeChat Pay into the U.S.

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International Mobile Pay Adoption Isn’t a Blueprint for the U.S.

We often point to international markets like the U.K., Canada and Australia to provide evidence or justify how emergent payments innovation can (or should) work in the U.S. But those successful case studies clearly don’t always translate from one nation to another. According to Vocalink, 39 of [U.K.

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Smartphones and Omnichannel Are a Solid Bet to Boost Contactless Payments

It’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay have ushered in the modern era of mobile payments.

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The Digital Payment Crime Threat Portends a Fintech/Regtech Alliance

Digital payments remain vulnerable to abuse by financial criminals seeking to make fast payments and undetected payments through the financial system. There are multiple ways in which digital payments can be used by those laundering money, committing fraud, or financing terrorism.

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The Future of Payments Is Autonomous and Invisible

Autonomous payments is the future state of payments – and banks, merchants, and payment vendors need to prepare now. Venture funding in this arena already exceeds 28 billion.

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