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Payments NEXT newsletter: Zippin, Walmart, IBM, Amazon Pay Japan, more…
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In this week’s global payments news, US startup Zippin is showcasing its next-generation checkout-free technology. Walmart is testing an innovative crowdsourcing delivery program that could take off. IBM has now made its blockchain-based bank payments and clearing technology available. Amazon Pay entered the challenging cash-free payments industry in Japan and much more. As always, we wrap up with our popular weekly global news roundup.
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Amazon Pay says Kon’nichiwa to Japanese cashless payments market
In Japan, 80% of consumers pay for transactions with cash. That’s why Amazon Japan’s decision to introduce Amazon Pay in partnership with startup Nippon Pay shows they are in the cashless payments market for the long term even though only 20% of Japanese consumers use other forms of payments than cash. Read more… |
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Fighting the negative sales impact of CNP false positives A new report from Kount and The Fraud Practice examines card-not-present (CNP) false positives which are poorly understood and frequently mismanaged aspects of risk management. Most merchants focus on chargebacks and fraud losses, but false positives are another major source of lost revenue, negative reputation impact and often underestimated and frequently ignored altogether. Read more…
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Passwords passé, “something I am” biometrics ID coming soon
A new report from Juniper Research says password-based solutions are increasingly impractical, and service providers have begun testing alternative second factors; ‘something I am’, such as a fingerprint, iris, facial feature or vein pattern to establish an individual’s identity. Biometric identities provide an extra layer of security for mobile payments according to Juniper. Read more… |
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Payments news roundup: IBM, Walmart, Instagram, security breaches, more…
Here’s what caught our attention in global payments news this week. IBM has now launched its blockchain payment clearing network for banks. Check out how cashierless stores are impacting retail. Amazon Pay enters the Japanese market in partnership with Nippon Pay and Instagram is building a payments app. Read more… |
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