Mobile Payments

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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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Chinese Economy Shifting to Mobile Payments From Cash

A customer pays for vegetables with his mobile phone at a stall in Qingdao, China. Mobile payments are rapidly replacing cash in China. Greetings from Hong Kong. Clay Chandler here, filling in for Adam. Im just back from a few days in Beijing where I marveled anew at how modern China is a becoming a […]

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Vietnam Tops Global Growth for Mobile Payments

Vietnam has recorded the highest growth in mobile payments in the past year, according to research by PwC. Singapore also saw strong growth, climbing 12 percentage points from 34 in 2018 to 46 in 2019.

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Singapore’s Mobile Payments Growth Hits 46% in 2019

It lags behind Vietnam in terms of growth rate. Mobile payments in Singapore climbed 12 ppt from 34 in 2018 to 46 in 2019, making the nation the fifth fastest in terms of mobile payments growth in Southeast Asia, according to a research by PwC. This is said to signify a payoff in the efforts […]

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How Mobile Payments Are Changing the Restaurant Industry

By Alex Barrotti, founder and CEO of TouchBistro Restaurants are diversifying the payment methods they accept. Cash, credit, and debit payments are almost universal across full-service restaurantsin the U.S., but restaurants are increasingly accepting digital walletslike Apple Pay, Google Pay, and Samsung Pay.

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Asia Driving Global Mobile Payments, With Eight in Top 10 Markets

Vietnam is the fastest-growing global market in mobile payments, clocking a 24 percent climb from last year, with 61 percent of its consumers tapping such services. Across the globe, China leads the pack with 86 percent of its population tapping mobile payments, followed by Thailand at 67 percent.

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