What’s the difference between card acceptance and a deposit? In both cases, money is being delivered into a merchant’s bank account – in fact, a purist would point out that a deposit actually is the last stage of card acceptance
A senior executive from Visa Inc. dismissed concerns over the manner in which the Europay MasterCard Visa (EMV) chip card standard is being implemented in the U.S. and insisted the move will yield significant security benefits for retailers, consumers and banks.
Guest posts written by Eddie Machaalani and Mitchell Harper Eddie Machaalani and Mitchell Harper are co-CEOs of Bigcommerce, a provider of e-commerce software. Eddie Machaalani (left) and Mitchell Harper The future of e-commerce looks promising for small businesses. Let's take a closer look at how independent merchants can continue to sell more and [...]
The rise of mobile payments start-ups has raised questions of whether they could be nimble enough to quickly outflank telecommunications carriers, which have invested heavily in their own mobile payments operations.
Apple last year launched iBeacon, an indoor position system that provides the location of iOS device users and enables push notifications to be sent to the device. iBeacon, which employs Bluetooth low energy wireless technology, could also enable mobile payments at the point of sale, making it a competitor to near field communications technology.
Amazon improved its overall customer satisfaction rating for the 2013 holiday shopping period as measured by the American Customer Satisfaction Index, while eBay and most other online retailers' satisfaction scores dropped. Delivery problems contributed to falling customer satisfaction.
I talked yesterday about digital banks underpinning corporate digitisation, but corporate digitisation is being driven by consumers. That’s a radical statement in itself with the most radical aspect being the consumerisation of technology. That is the real change here, and...
Imagine being able to send money to someone’s bank account when all you have is their mobile phone number. What if you could pay in a cheque by simply taking a photo of it and emailing it to your bank? How about a service that analyses your spending
It struck me as I finished writing yesterday’s blog and went about my duties, that I’d missed one important point in this KYC debate. I’d put it down to the reluctance for banks to outsource such a critical activity. Specifically,...
Yesterday, Thursday January 30th, 2014, Amazon announced their Q4 2013 results. As we mentioned in our preview, expectations were high, essentially everyone was looking for a Q3-level y/y growth rate in the >23% range. Amazon came in at 22%, below Wall St. expectations. The good news is that Amazon had the highest operating margins in over two years and said they are looking at raising the cost of Amazon Prime (currently $79/yr) by $20-40. Wall St. loved this because 22m*$40 = $800m in 'incremental revenue'. The devil is in the details and we'll have to watch when/how Amazon approaches this...