Technology

6 Ways David Marcus Transformed Facebook Payments

6 Ways David Marcus Transformed Facebook Payments

It was an attention-grabbing decision when Facebook hired PayPal’s president, David Marcus , in 2014. At the time, Facebook didn’t have much of a dedicated payments business to speak of; when people thought of spending money on Facebook, they typically thought of in-app purchases in Farmville.

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Consumers Want Mobile Technology in E-Commerce but a Third Still Haven’t Experienced It

Consumers Want Mobile Technology in E-Commerce but a Third Still Haven’t Experienced It

The acceleration of e-commerce adoption in 2020 has fueled 10 years’ worth of growth in 90 days, according to a new study from Periscope by McKinsey.

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It’s Time to Revisit the Benefits of Virtual Cards for Payables

It’s Time to Revisit the Benefits of Virtual Cards for Payables

In the wake of the many changes this year has brought, companies are moving toward making more of their supplier payments electronically. It’s a welcome thing. Check payments have dwindled in consumer life, but across US industries, nearly half of all supplier payments are still made by check.

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Square Shows Strength Going Beyond POS Payments

Square Shows Strength Going Beyond POS Payments

In a recent PaymentsJournal commentary, I noted that Square was continuing to diversify into banking and related financial services. Its POS payment transaction service operates in a crowded field and is limited by a commodity-type pricing model. Now Stripe’s expansion beyond POS transactions is really paying off.

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Google Signs Up Six More Partners for Its Digital Banking Platform Coming to Google Pay

Google Signs Up Six More Partners for Its Digital Banking Platform Coming to Google Pay

Google is expanding its plans to offer digital banking services in the U.S. The company announced today it’s partnering with half a dozen more banks to offer digital checking and savings accounts to Google Pay users in the U.S., starting sometime next year.

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How the COVID-19 Pandemic Could Lead to a Permanent Shift in Digital Banking

The COVID-19 pandemic has rattled the financial industry more than any event since the Great Recession. Banks have been designated as essential businesses and have largely remained open, but the normal way of doing business has all but disappeared.

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Five Important Trends in Mobile Payments

Five Important Trends in Mobile Payments

Mobile payment processing is essential to today’s businesses. It’s easy to collect money from people through their smartphones. You can collect money from people who link their credit cards or other items to a mobile app or another system.

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How the Pandemic Became a Catalyst for Digital Banking

How the Pandemic Became a Catalyst for Digital Banking

Digital banking deals a easier and much safer method for clients to gain access to monetary services The rise in e-commerce and online deals will motivate the adoption of digital banking services Pandemic push for digital banking will see its effect withstand for years In the thick of the pandemic, we saw a boom in […]

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The Future of Cashless Payments in a Post Covid-19 World

The Future of Cashless Payments in a Post Covid-19 World

The coronavirus pandemic is having a significant impact on society and industries worldwide – and the payments industry is no exception. According to McKinsey, the ongoing pandemic is likely to have a profound effect for global economies.

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Amazon Launching Smart Shopping Carts That Eliminate Checkout Line

Amazon Launching Smart Shopping Carts That Eliminate Checkout Line

Amazon is advancing its contactless and cashierless shopping experience with a smart shopping cart, called a Dash Cart, that lets shoppers avoid the checkout line once done shopping. The carts will be deployed this year at a new Amazon grocery store in Los Angeles, California.

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The Time Is Now for Cardless and Contactless Payments

The Time Is Now for Cardless and Contactless Payments

From plastic cards to virtual cards – Nikki Waters of i2c reveals the influencing factors of the new payment behaviour, and how can banks and fintechs leverage NextGen technologies to bring out new contactless solutions to the market COVID-19 pandemic: payment behaviour During the novel Coronavirus pandemic’s height, several factors have driven con.

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Biometrics Can Take More Contact Out of Contactless Payments

Biometrics Can Take More Contact Out of Contactless Payments

We’ve come a long way in the evolution of digital payments. Magnetic stripe cards, chip-and-PIN and contactless technology have all played a role in dethroning cash as “king of payments” with many countries well on their way to becoming cashless economies.

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