Home Archive for category "Payments"
formats

Alibaba Spin Off to Acquire MoneyGram for $880 Million

Ant Financial Services Group, the Alibaba Group affiliate formerly known as Alipay, announced the acquisition of major money remittance company Money Gram for $880 million. While already the online payments leader in China, this acquisition would greatly increase Ant’s international and U.S. presence, with the acquisition expected to close in the second half of the

(More)…

 
Comments Off on Alibaba Spin Off to Acquire MoneyGram for $880 Million.
formats

Consumers Were Much More Likely to Shop with Mobile Devices Online Rather than In-Store This Black Friday

Although mobile eCommerce sales accounted for $1.2 billion on each Black Friday and Cyber Monday, consumers shopping in-store were much less likely to pull out their smartphones. According to one payment processor, just 0.6 percent of brick-and-mortar retail transactions in the U.S. on Black Friday were made with a mobile wallet. According to data from

(More)…

 
Comments Off on Consumers Were Much More Likely to Shop with Mobile Devices Online Rather than In-Store This Black Friday.
formats

Visa and American Express Temporarily Ease EMV Chargeback Liability for Merchants

Announcements from three of the major card associations in June describe different approaches for reducing merchant liability and losses with counterfeit card fraud through April 2018 as the U.S. transitions to EMV. Visa estimates their changes will lead to 40 percent fewer chargebacks and 15 percent fewer dollars being charged back to merchants related to

(More)…

 
formats

Mobile Wallets are Moving to the Web Browser with Implications for eCommerce and mCommerce

Both Apple Pay and Android Pay are bringing their mobile wallets to the web browser, adding both security and convenience to mCommerce and even computer-based eCommerce transactions. Consumers will be able to use Apple Pay within the Safari web browser this year, while Google recently released their PaymentRequest API for initiating payments completed via Android

(More)…

 
formats

Apple Pay Adoption Moved Slow, but 2015 a Big Year for Mobile Payments Overall

Apple CEO Tim Cook may not have had the year he was hoping for after saying that 2015 would be the year of Apple Pay, but it was a strong year for mobile contactless payments overall marked by increases in adoption and mobile payment volume, several more players entering the arena and multiple partnerships, acquisitions

(More)…

 
formats

Mobile Driving More Sales So Far this Holiday Season

Consumers made more than $2 billion worth of purchases in the mobile eCommerce channel between Thanksgiving, Black Friday and Cyber Monday. Adobe reports that mobile devices accounted for nearly half of online shopping visits while comScore estimates that mobile eCommerce spending increased 53 percent from last year on Cyber Monday. If the consumer shopping trends

(More)…

 
formats

eCommerce Retail Spending Thanksgiving through Cyber Monday Grew 10 Percent While Brick-and-Mortar has Another Year of Decline

According to estimates from comScore, U.S. consumers spent over $7.2 billion online from PCs during the five day period from Thanksgiving to Cyber Monday, up 10 percent from $6.5 billion last year. As more consumers chose to shop online retail sales at the point-of-sale declined on Thanksgiving and Black Friday for the second consecutive year.

(More)…

 
formats

Visa Reports Increase in Use and Acceptance of EMV Following Liability Shift

Visa recently released data and figures regarding EMV usage in the first full month of purchases following the October 1st EMV liability shift, adding that they are “extremely encouraged” with the 42 percent increase in chip-on-chip transaction volume and the 49 percent increase in merchant locations that can accept EMV in just one month’s time. The

(More)…

 
formats

Mobile Payment Volume at the Point-of-Sale Will More Than Double in 2015 and is Expected to Grow by More Than 200 Percent Next Year

According to a new forecast from eMarketer, U.S. mobile payments at the point-of-sale, including NFC, QR codes and other methods, will grow from under $4 billion in 2014 to nearly $9 billion this year before really taking off in 2016 when mobile contactless payments are expected to exceed $27 billion. The number of mobile proximity payment users in

(More)…

 
© The Fraud Practice LLC 2012