Boomers nearly 5x more likely than millennials to swipe credit cards over cash

People age 29 and younger are 93 percent more likely to have a negative opinion of credit cards than people age 59 and older, according to new research from Wallet Hub. One completely unsurprising reason for these contrasting points of...

Apple Pay hit billion-transaction milestone

Apple CEO Tim Cook talked up the company's mobile payment service in an earnings call Tuesday, touting1 billion Apple Pay transactions in the company's fiscal third quarter, which ended June 30. That figure is triple the amount recorded in March...

Guess? delivers Alipay mobile payments to retail stores

Guess? Inc., a global lifestyle brand and retailer, is partnering with Alipay to enable Chinese travelers visiting the U.S. to pay with the Alipay app when making purchases at more than 50 Guess? stores in popular destinations including New York,...

Consumers still wary about security with mobile banking, payments

Nearly 6 in 10 consumers pay bills on line, but half of this group have concerns about the security of doing so, according to Expectations & Experiences: Consumer Payments, a new consumer survey from Fiserv Inc. Further, consumers are interested...

Wirecard debuts wearable payment options to Europe via Mastercard deal

Wirecard and Mastercard are expanding an existing strategic cooperation with the aim of making digital, contactless payments via wearables accessible to more consumers. As a result, boon from Wirecard will be available in Germany via Garmin Pay, according to a...

Standard Cognition raises $11.2M to develop autonomous checkout

Standard Cognition, developer of an autonomous checkout system for retailers, has raised an additional $5.5 million in seed funding from CRV, bringing the company's total funding raised to date to $11.2 million. The company will use the funding to accelerate...

Merchants, banks see benefits to real-time payments

Eighty-six percent of banks, 82 percent of billing organizations and 78 percent of merchants expect to see improvements in their customer service as a result of real-time payments, according to a new report, 2018 Global Payments Insight Survey: Cross-Vertical. The...

Study: Consumers want more payment choices at unattended terminals

Some 70 percent of consumers want unattended terminals to accept both card and cash payments and a significant number are willing to use wearable devices or digital wallets at these locations, according to a survey of U.S., U.K. and Australian...

As frictionless payments struggle consumers cling to cash

Consumer concerns about data security and privacy are hampering the move to frictionless payments, according to Lost in Transaction: Payment Trends 2018, a report from Paysafe, a provider of payment solutions. Of more than 5,000 consumers polled for the study:...

Nuggets testing blockchain e-commerce mobile app

Nuggets, an e-commerce payments and ID platform, has opened up its mobile app Alpha to iOS users. Nuggets uses blockchain technology to enable consumers to make e-commerce payments, log in to services, and verify their identities without having to share...

Wirecard powering contactless payments in Garmin smartwatches

Wirecard is partnering with Garmin to provide Garmin smartwatch owners a digital payment experience through Wirecard's flagship product, boon, according to a press release. As of now, Garmin smartwatch users in France, Italy, Ireland, Spain, Switzerland, and the U.K. will...

Walmart shutters Scan&Go due to consumer disinterest

There's no more Scan&Go happening at Walmart as the top retailer has shuttered the cashierless checkout app. The reason, according to a Business Insider report, was due to little shopper interest and participation. Walmart’s decision comes as its top competitor,...

Ingenico Group, USA Technologies team up on solution for unattended retail

Ingenico Group, a payment equipment provider, and USA Technologies Inc., a provider of cashless and mobile payment and business optimization services for the unattended retail market, have partnered to provide the unattended retail marketplace with a bundled solution that pairs...

ShopKeep expands payment processing options to include TSYS' ProPay

ShopKeep and ProPay, a TSYS company, have announced a new partnership in which ProPay will manage payment processing via its Payment Facilitator service for the segment of ShopKeep's merchants who opt to self-serve onto ShopKeep's platform, according to a press...

Millennials willing to pay more for a top mobile experience

Millennial consumers are willing to spend more if the return is a five-star mobile experience, according to a Worldpay research report. The research predicts mobile payment apps may become the "luxury shopping service" of the future despite the fact that the U.S. lags in terms of the global mobile app revolution.

Amazon prepping 6 more Go stores, claims report

Amazon is getting six more Amazon Go stores ready, according to a Recode report, with some likely opening in Seattle, where the first Amazon Go store opened in January. Sources told Recode that Amazon is working with developer Rick Caruso about opening a location at The Grove where he owns an outdoor shopping plaza.

Starbucks goes cashless at downtown Seattle store

Starbucks has gone cashless at one location in downtown Seattle as the coffee giant experiments with a growing trend among fast casual chains in the U.S. The Seattle Times first made the discovery and reported that Starbucks is testing the concept at only one store.

Innovative retail strategies help boost holiday sales to record-setting numbers

Holiday retail sales increased 4.9 percent over the previous year, marking the largest year-over-year increase since 2011, according to the latest Mastercard SpendingPulse report. The report, which tracks retail spending by all payment types, found that consumer confidence, innovative retail...

First Data expands availability of Clover via Apple retail stores

First Data has announced new initiatives with Apple designed to broaden the distribution of First Data's Clover devices and accelerate the expansion and digital transformation of Apple Pay, according to a press release. First Data's Clover Go device, an EMV...

Wirecard provides online payment gateway to Ikea stores in southeast Asia

Technology group Wirecard has signed an agreement with Ikea stores in southeast Asia to provide them with a regionally-managed payment gateway product for online checkout, according to a press release. The payment service covers Ikea stores in Malaysia, Singapore and...

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