Red Payments

11/18/2014

All merchants know the holiday shopping season is their bread and butter, but prepping for holidays brings along high product investment costs. PayPal and Square want make the loan process easier for its customers, Bloomberg reported.

This small-business trend of using PayPal and Square for loans is becoming a popular option around the holidays. In addition to aiding merchants…

11/17/2014

In a recent study, the banking and payments technology provider indicated that Apple is missing out on many opportunities by not allowing commercial cards to be used with Apple Pay.

Among that projected $242 billion worth of corporate travel spending, Apple Pay misses huge opportunities in a day in the life of a corporate traveler. A corporate traveler uses his or her card to book…

11/14/2014

The NRF’s Holiday Consumer Spending Survey showed 45.6 percent of shoppers have yet to begin their holiday shopping – the lowest figure ever recorded in the Survey’s seven-year history.

But giwordft-givers aren’t just procrastinating. According to NRF President and CEO Matthew Shay, the consumers “are going to wait and see how great the promotions will be later this season before…

11/12/2014

A new opportunity is forming for the payments industry, Internet-connected smart TVs. It’s a market driven by consumers who watch less and less network and cable TV and instead stream content online, whether on a desktop, a tablet computer or, more commonly now, a smart TV. Leveraging payment functionality online via smart TVs may thus be the next big delivery channel for payment…

11/11/2014

Despite all the recent excitement about Apple Pay, for Apple Pay to ignite, it will need to get enough consumers excited enough to use their iPhones to pay at enough merchants that matter to them.

That means that Apple Pay will have figure out a way to get enough of the right merchants on board.

Rite Aid and CVS already decided to make public their decision to shut off Apple Pay rather…

11/10/2014

In the United States, 40 percent of online consumers are tired of pulling their phones from their pockets and purses. The watch is going to help solve problems that most people do not even know we have yet.

As it gains adoption, the Apple Watch will become the main entry point for most of their digital experiences. Together, the watch and phone will help a user get to information…

11/07/2014

There’s a $15 Trillion war being waged in retail over mobile payments. In the past few weeks alone, mobile payment companies like ApplePay and CurrentC are literally battling it out for retail presence. But by partnering and entering in exclusive relationships with mobile payment consortiums, retailers are connecting themselves to both benefit and risk.

Payment systems that draw from…

11/06/2014

It’s not a secret that Facebook is considering adding payments to its Messenger app. The startup Dasher has teamed up with payment specialist Venmo to allow users to transfer cash to each other via chat messages. It’s as simple as that.

The payment side of things is handled entirely by Venmo, and it has now gone live in beta in Dasher for iOSand the web version of the service. Android…

11/04/2014

Displaydata revealed four key areas in which the rise in ecommerce has created new expectations for omni-channel consumers shopping in stores: consistency, availability, knowledge and personalization.

Although 83% of consumers from the Displaydata survey of 1,000 U.S. respondents reported that most of their shopping takes place in the store, the survey also points out several known…

11/3/2014

Global Payments Inc., one of the largest worldwide providers of payment solutions, today announced the winners of its interactive wearable financial app hackathon: 

Grand prize: Garcon!: Created by Scott Hankinson and Brian O’Connor; provides users with a wearable app allowing streamlined checkout, multi-factor authentication, tagging, transaction history and purchase voiding.

2nd…

10/29/2014

The Poynt Smart Terminal is like a one-size-fits-all payments system. It has an NFC antenna, a magnetic swipe reader, a Bluetooth antenna, a QR code reader, a printer for receipts, and even an Android tablet to boot. So not matter how the future of payments pans out, you’ll be able to get your dang cup of coffee.

Developed by ex-Google Wallet chief Osama Bedier, the Poynt terminal is…

10/28/2014

Wholefoods now accepts ApplePay, NYC.

See more here on Instagram.

Read more about #ApplePay here.

10/27/2014

As fraud quickly moves online alongside the introduction of new mobile devices, it is important for stakeholders to understand even just the basics of cybercrime – how criminals are attacking security holes.

Some of today’s most common and damaging cyber crimes include:

1) Payment Fraud

2) Account Takeover/Data Security Breach

3) Fraudulent Account Creation

4) Multi-Channel Web Fraud

T…

10/27/2014

As fraud quickly moves online alongside the introduction of new mobile devices, it is important for stakeholders to understand even just the basics of cybercrime – how criminals are attacking security holes.

Some of today’s most common and damaging cyber crimes indicated in the whitepaper include:

1) Payment Fraud

2) Account Takeover/Data Security Breach

3) Fraudulent Account Creation

10/23/2014

It seems that every week there’s a new company, startup, or financial institution that is launching a new way to pay from, issue rewards, or power transactions from a mobile phone.

You may know the major players in the mobile payments race, but what is it that will give staying power to these competing technologies? There’s Square, which offers both a consumer application to pay for…

10/21/2014

Starbucks mobile ordering hits Portland, US. Mobile ordering is a buzz in Portland’s Starbucks market, as the company announced a new app that will enable customers to order and place up from chosen location.

Mobile commerce will be a new set of standards to launch from as Starbucks will introduce for the first time Mobile Order and pay in stores within the Portland area before the end…

10/20/2014

The Apple Store app has been updated with Apple Pay support. You can use Apple Pay both when ordering online, as well as when checking out at an Apple Store with EasyPay.

When purchasing an item in the app, you will now be able to either to pay using Apple Pay or choose another payment option. Using Apple Pay will allow you to select which card you want to pay with if you have multiple…