Long lines, complexity lead to online cart abandonment, reveal survey

A good majority of online shoppers, 87 percent, will abandon their shopping cart if the checkout process is too long or too complicated, according to a Splitit survey. The survey also reveals 55 percent of online shoppers will not only...

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...

Thailand bank partners with TNS, INET on POS services

Thanachart Bank in Thailand is partnering with Transaction Network Services and INET on point-of-sale services for its merchants and their 30,000 terminals. The agreement will update the bank's merchant offerings with the TNS managed dial service, secure Internet Gateway and Global Wireless Access.

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...

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...

BJ's debuts PayPal checkout services

BJ's Wholesale Club announced an integration on BJs.com with PayPal, PayPal Credit and PayPal One Touch, according to a press release. "We're committed to making shopping easier and more convenient for our members, which is why we're excited to partner...

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...

99 Ranch Market accepting Alipay at North American stores

99 Ranch Market, one of the largest Asian supermarket chains in the U.S., has announced a partnership with Alipay that will enable customers to pay for items using Alipay's mobile wallet in-store, according to a press release. Beginning July 1,...

National Bank debuts mPOS product in Montreal

Montreal-based National Bank's SME clients can now use National Bank Easy Pay, a mobile point-of-sale product powered by Montreal fintech Mobeewave. National Bank also is partnering with Global Payments on Easy Pay, according to a press release. With Easy Pay,...

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...

Meijer hops on scan-and-pay bandwagon

Meijer is the latest supermarket chain to jump on the shop-and-scan bandwagon and will roll out the technology to all its stores by the end of the summer, according to a press release. Meijer's program, called Shop & Scan, enables...

Newegg offers bitcoin payments to Canadian shoppers

Newegg has announced Canadian consumers now have the option of paying with bitcoin on its site, according to a press release.  The company first offered a bitcoin payment option to its U.S. customers in August 2014 as one of the first major retailers to do so.

Amazon Go store now open to the public

Amazon is opening its cashierless Amazon Go store to consumers in Seattle today, following a 14-month trial with company employees, according to The Seattle Times. Upon entering, customers scan a smartphone app that registers them into the store. After grabbing...

Kroger advancing self-checkout strategy

Supermarket chain Kroger is set to expand its self-checkout service to 400 stores in 2018, according to a report from the Cincinnati Business Courier. Kroger's Scan, Bag, Go service is similar to Walmart's effort in that it enables shoppers to...

Walmart testing new personal shopping experience

Walmart is reportedly tapping text to provide a new personalized shopping experience for the wealthy busy mom. The mega retailer, according to a Recode report, is beta testing a new service that will give shoppers item recommendations and allow purchase...

Garmin Pay now live on Garmin vívoactive 3 smartwatch

Garmin International and Fit Pay, a wholly owned subsidiary of NXT-ID, have announced that the Garmin Pay contactless payment feature is now live on Garmin's vívoactive 3 smartwatch and available to cardholders of issuing banks supporting the new service, according...

Amazon Alexa skills to feature payments

Software developers will soon have the opportunity to add Amazon Pay to the voice apps that are available from the Alexa Skills Store, according to an announcement Amazon made at a conference in Las Vegas this past week. Skills categories...

Hatch Loyalty, Cardfree partner on retailer mobile wallet services

Hatch Loyalty is partnering with mobile commerce company Cardfree to bring personalized engagement and mobile wallet services to large retailers, according to a press release. The companies will provide gas stations and convenience stores order-ahead, stored-value, engagement and loyalty services....

Study: Online holiday spend will beat in-store spend this year

For the first time ever, online holiday shopping spend will beat in-store retail spend, according to a new Deloitte study. There will also be more "self" gifting this holiday season, according to the firm's 32nd annual Holiday Survey of consumer...

Venmo acceptance comes to 2M online merchants mobile digital wallet pos

Venmo users can now shop on their mobile phone and make purchases at more than two million U.S. retailers via the mobile web, according to a press release. The new feature enables Venmo users to shop at millions of merchants...

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