paymentssource

Winning Singles Day in China Means Mastering Mobile’s User Experience

November’s holiday sales extravaganzas have gone global. China consistently sets global sales record at this time of year. That’s why U.S. and foreign retailers and brands should pay close attention to this massive retail market this month, as China’s e-commerce leadership influences global retail trends.

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Blockchain Payments Need Better Standards

Following bitcoin’s historic rise in 2017, cryptocurrencies and blockchain technology continue to make waves in the worlds of traditional finance and emerging technologies.

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Merchants Need a Liability Plan to Conquer Crypto Payments

While cryptocurrency certainly represents an opportunity for vendors and payment intermediaries, their involvement with cryptocurrencies also brings legal and regulatory risks that merchants do not face when using other forms of payment.

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Election Day: Sandboxes, Durbin Rule and Skilled Tech Workers All on the Ballot

A wide range of Republican priorities that affect the payment, retail and fintech industries could stall or entirely flame out if Democrats make substantial gains in Tuesday’s midterm elections. As of mid-day Tuesday, FiveThirtyEight.

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Collaboration’s Pushing EU to the Head of the Blockchain Pack

Blockchain technology has created so much buzz since its debut, unlike anything else in recent memory. A fact that is being widely accepted lately – not only by technology enthusiasts but also by important institutions – is that the application field of blockchain extends far beyond cryptocurrencies and payments.

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Legacy Payment Companies Can’t Beat Disruptors by Copying Them

While money flows to fintech startups seeking to disrupt everything from payments to insurance to banking and capital markets, fewer than half of existing financial institutions say they have a fintech strategy of their own, KPMG found.

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Walmart Sues Synchrony for $800 Million as Card Split Sours

Walmart’s divorce from the credit card issuer Synchrony Financial is spilling into court as negotiations falter over whether to shift billions of dollars in balances to the retailer’s new partner, Capital One.

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Data: Reinventing the Gift Card

As the gift card market grows and becomes increasingly digital, so has the product’s utility. Thus, many consumers are shifting their habits and buying gift cards for themselves either due to an incentive program or to help with budgeting.

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13 Things Payment Companies, Retailers Fear This Halloween Season

What keeps execs up at night in the payments, retail and banking industries? Quite a lot, including disruption from tech giants and competition from foreign rivals. Fraud is also a major concern, with newer authentication methods under increasing strain.

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Bitcoin Could Theoretically Put Paris Climate Goals Out of Reach

If bitcoin were to become a true global transactional currency, the electricity needed to mine it alone would generate enough carbon dioxide to push the planet beyond 2 degrees Celsius of warming within a quarter-century. The creation of new bitcoin requires immense computational effort, and therefore enormous amounts of energy.

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Points and Paper Loyalty Are Putting Consumers to Sleep

Mobile has reduced the payment process to a single tap of the phone, with NFC-enabled POS terminals allowing retailers to participate in a faster payment experience. It is understandable traditional banks and credit unions want to capitalize on this trend by creating their own mobile solutions – but there are challenges. The U.S.

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Crypto Requires a More Transparent Blockchain to Fight Laundering

Cryptocurrencies present a new and promising frontier for the future of digital payments; however, they also represent an unknown for many people and traditional institutions. With the movement to cryptocurrency well underway, governments in many nations are driving the creation of new regulations surrounding these new forms of payments.

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