News - Part 41

  • PayPal experiments with facial verification payments

    Lots of companies are toying with digital wallet systems. Besides vendor adoption and consumer education, security concerns seem to be standing in the way of widespread adoption. But if PayPal‘s new experiment proves successful, that point may become moot. The online payment company has been testing a new mobile app functionality that would require shoppers to…

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  • Plastic Preferred: Cash To Decline to Just 23% of Purchases

    You know the old saying: “Cash is king.” But with cash transactions in decline, “Plastic is preferred” would be a more accurate adage these days. In 2011, cash transactions made up 27 percent of point of sale purchases. By 2017, that number is expected to plunge to 23 percent. Credit card purchases, on the other…

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  • 40pc of smaller merchants are using mobile credit card readers

    In a sign that mobile payments are gaining significant traction with small and mid-sized merchants, 40 percent of these businesses report accepting payments at the point-of-sale via a mobile credit card reader attached to a smartphone or tablet, according to a new report from BIA/Kelsey. Mobile is also playing a key role in the businesses’…

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  • Electronic Payments Can Expand Your Brand

    For the past three years, I’ve owned and operated a small web-based retail business. Without electronic payment acceptance, my business would simply not exist. At Brand Louisville, we sell products that help Louisvillians and Louisvillians at heart show off their city pride. From stickers and flags to t-shirts, all of our merchandise features a unique…

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