Payments
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New York City bans cashless stores
New York City is the latest locale in the U.S. to ban cash-free stores, joining Philadelphia, San Francisco and New Jersey.
By Julie Littman • Jan. 24, 2020 -
Millennial, Gen Z shoppers lead contactless payment adoption
However, while 84% of businesses accept debit or credit card EMV contactless payment options, only 37% of consumers are aware of the technology.
By Tatiana Walk-Morris • Jan. 17, 2020 -
Shoppers want to use mobile payment in stores
Mobile wallet adoption is on the rise, but U.S. retailers have been slower to adopt the technology than companies in other parts of the world, a study found.
By Krishna Thakker • Jan. 17, 2020 -
Visa, Mastercard hold fast to gas stations' chip-card deadline
Fuel retailers were given an extra five years to upgrade to EMV technology, but 70% of convenience store owners in a survey said they still haven't done so.
By Dan Ennis • Jan. 10, 2020 -
Amazon broadens in-car services with major Alexa expansion
The e-commerce giant is collaborating with carmakers, gas stations and tech firms to give drivers more voice-powered services.
By Robert Williams • Jan. 07, 2020 -
Sneakers, cosmetics among top US holiday purchases
A new report from Afterpay found that nearly 80% of seasonal shoppers used mobile devices — an increase of 12% from 2018.
By Tatiana Walk-Morris • Jan. 06, 2020 -
Mastercard introduces mobile wallet gift card in the UK
The move, which comes in time for the holiday season, enables recipients to easily access and spend funds across dozens of retailers.
By Tatiana Walk-Morris • Dec. 17, 2019 -
Banks eye a bigger helping of holiday retail point-of-sale pie
Citi, JPMorgan Chase and Mastercard have expanded their loan options this year to fend off upstarts and entice interest-averse buyers.
By Hillary Richard • Dec. 04, 2019 -
Over half of consumers plan to buy gifts via smartphone this year
Additionally, 41% of consumers have a better perception of brands that offer multiple payment options, according to a BillTrust study.
By Tatiana Walk-Morris • Nov. 25, 2019 -
PayPal buys rewards app Honey for $4B in e-commerce push
As the payment company's largest acquisition to date, the deal adds product discovery to its platforms and expands merchant services.
By Robert Williams • Nov. 22, 2019 -
Macy's suffers another data breach
The hack, which went undetected for about a week, comes at a particularly inopportune time for the department store.
By Daphne Howland • Nov. 20, 2019 -
Facebook debuts new payments system across its suite of apps
The launch of Facebook Pay comes just one month after the exodus of major companies from the Libra cryptocurrency project.
By Anna Hrushka • Nov. 13, 2019 -
More than half of consumers may go into credit card debt for the holidays
The attitude toward holiday credit card debt varies across each generation.
By Tatiana Walk-Morris • Nov. 08, 2019 -
SponsoredConsumer incentives insights, part 3: Winning customer loyalty
In today's era of unprecedented consumer choice, having a digital loyalty program may be the key to distinguishing yourself from the competition.
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ShopRunner to offer free, 2-day shipping through Apple Pay
The announcement comes as more retailers vie for consumers seeking faster delivery options.
By Tatiana Walk-Morris • Nov. 01, 2019 -
Walmart, Green Dot renew prepaid card deal, launch fintech accelerator
The new accelerator, TailFin Labs, will develop products, services and technology at the intersection of retail and consumer financial services.
By Dan Ennis • Oct. 31, 2019 -
Venmo kicks off rewards program with offers at Target, Sephora
The move comes as the peer-to-peer payments platform prepares to launch a credit card next year.
By Tatiana Walk-Morris • Oct. 30, 2019 -
OpinionHow the $160B gift card market can catch up to the modern age of retail
Retailers risk losing revenue and customers unless they upgrade the gift card experience, writes Loop Commerce CEO and co-founder Roy Erez.
By Roy Erez • Oct. 25, 2019 -
Apple Pay surpasses Starbucks as most popular mobile payment app
The number of people who use smartphones to make in-store payments will grow 9.1% this year to 64 million, eMarketer estimates.
By Robert Williams • Oct. 25, 2019 -
Affirm launches mobile app for payment installments
Half of the payment platform's users are millennials or Gen Z shoppers.
By Tatiana Walk-Morris • Oct. 18, 2019 -
Venmo to roll out credit card through Synchrony next year
The deal gives the bank access to a quickly growing customer base outside the retail sphere, where a messy split with Walmart dealt Synchrony a blow.
By Dan Ennis • Oct. 18, 2019 -
Most Americans still have reservations on going cashless, survey finds
Although mobile payments might streamline retail operations, most Americans believe stores should be required to accept cash, according to the report.
By Anna Hrushka • Oct. 15, 2019 -
Abercrombie & Fitch, Hollister launch Instagram Checkout
The in-app checkout feature adds to the retailer's growing slate of diverse payment methods.
By Lisa Rowan • Oct. 10, 2019 -
Lands' End launches branded credit card with customer perks
The apparel company is among the latest to introduce a credit card to boost consumer loyalty.
By Tatiana Walk-Morris • Oct. 07, 2019 -
Stein Mart revamps loyalty program
In addition to doubling the number of points earned through its credit card, a pilot program is also in the works to expand rewards beyond cardholders.
By Lisa Rowan • Oct. 02, 2019
