Mobile Payments

U.S. Holiday Sales Could Top $1 Trillion, With Mobile Payments Growing 32%

Research firm eMarketer Inc. forecasted that 2019 U.S. holiday sales will surpass $1 trillion in value for the first time. Cyber Monday, the Monday following Thanksgiving, is expected to be the biggest online shopping day and could approach $10 billion in sales.

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US Mobile Payments Staging a Strong Consumer Led Comeback

A new report reveals that the use of mobile wallets and mobile payments by US consumers has rebounded to 2016 levels or higher after a two-year decline. The use of any mobile payment has increased from 48% in 2018 to 60% in 2019. In comparison, in 2016 53% reported using a mobile wallet.

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Apple Is Suffocating Mobile-payment Rivals

When it comes to mobile wallets, Apple is the $1 trillion elephant in the room. The iPhone maker controls about half of the US smartphone market and around 10% worldwide. A recent survey showed that more than 80% of US teens have an iPhone. Every one of those devices comes pre-installed with Apple Pay, the […]

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Mobile Payments Have Barely Caught on in the US, Despite the Rise of Smartphones

Despite growing smartphone dependence, most Americans still aren’t using the devices to pay for things. In other countries, it’s a different story. Places like China and India and are witnessing rapid adoption of smartphone payments.

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What’s Coming Up in Car-Based Mobile Payments?

July 22, 2019 By: Steven Anderson It’s not hard to call car-based mobile payments the most mobile of payments, because the interface for the same is built right into a car. Sure, mobile devices are mobile too, but that’s more a walking issue. At any rate, there are new reports suggesting that the pay-from-your-car concept […]

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7-Eleven Is Suspending Its Mobile Payment Feature After Hackers Stole $500,000 From Japanese Consumers

Hackers exploited a flaw in a mobile payment feature introduced by 7-Eleven Japan on July 1 to target 900 accounts and use them to make 500,000 in purchases, causing the retailer to shut down the program, according to The Verge.

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Cashierless Stores: Mobile Payments Wave of the Future or Temporary Fad?

While self-service cashierless stores arent exactly new, the notion of full stores, complete with full product lines, being utterly without cashier presence is a bit new.

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The Mobile Payments Market Is Now Estimated to Jump to Over US$1 Trillion in Value by 2022

Mobile payments are now thought of as a market capable of vast growth over the next 3 years. The latest figures put its worth at US348 billion now; however, this is thought to grow to 1.3 trillion in 2022.

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Deep Dive: Mobile Payments Uptake in the US

Brick-and-mortar retailers must ensure smoother, easier in-store experiences to compete with the conveniences of eCommerce. There are numerous ways to accomplish this task, including speeding up checkouts, deploying vending machines and offering self-serve or scan-and-go stations.

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Mobile Payments Security: Seven Things to Make Users Happy and Let You Sleep at Night

By Andrew Gauvin and Iurii Oliiar, Freeport Metrics If your business relies on selling anything online, payment is central to your company’s success. A web security strategy is no longer enough – following are seven factors to consider when securing mobile payment apps. 1.

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Apple Pay vs. Samsung Pay vs. Google Pay: Which Mobile Payment System Is Best?

Mobile paymentscould soon make your wallet absolute by allowing you to pay with just the tap of your phone or smartwatch. But they’ve had a slow roll-out and not all options are made equal.

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Millennial Parents Putting Mobile Payments Tools Venmo, Cash App to Unexpected Use

Ah, allowance day. The earliest form of payday for the younger set, its the day in which the value of a dollar is truly felt. Yet new word from CreditCards.com suggests that the days of Dad cracking open the old brown Buxton to hand over a bill or two may be waning.

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