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Sept 21: Payments NEXT newsletter: Mitto, premium loyalty program, payments, securing your customer data, Amazon cash payments, Shortcut barber app, more… |
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Time flies when you’re in the payments industry and we’ve got some global payments news to help you quickly keep up with the latest. We look at Mitto, an innovative Spanish virtual card designed for Gen Z and financed by mom and dad. Clarus Commerce research shows why consumers will pay for a premium loyalty program if it has value. 2Checkout asks a provocative question – are you sure you own your customer payments data? You might be surprised. Amazon and Western Union are partners in allowing US customers to pay cash for their Amazon orders at any Western Union location. Finally, we’ve got a look at a new app called Shortcut that lets you book a barber at your home or office and pay for it in a couple of easy clicks. Stylin’!
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| Mitto: A virtual card built for Gen Z, financed by mom and dad
Mitto is banking that 14-year-old and older Generation Z consumers will want their very own digital wallet and virtual debit card. All financed by mom and dad, of course. And it’s raised $2.2 million in new VC funding to reach out and touch Gen Z consumers and their parents to convince them that all the cool kids will want a Mitto virtual bank card. Read more… |
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Premium loyalty programs research: Will customers pay?
Clarus Commerce is out with a new report that looks at the features consumers want in a premium loyalty program and why they may happily pay for it. Clarus identifies the benefits customers are looking for in a premium loyalty program. Highest on the list are instant discounts usable any time (67%), faster free shipping (61%), free giveaways (56%), surprise rewards (49%), exclusive deals (43%), and faster shipping (38%). Read more…
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Is your merchant data at risk from your payments provider?
It’s one of the payment industry’s ugly secrets and for companies with a business built on subscriptions, it’s a revenue and business continuity risk that needs very close attention. The problem is that some company databases are virtually held hostage by their service providers, and that has to change according to Erich Litch, President and COO of global payments leader 2Checkout. Read more... |
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Pay cash for Amazon via Western Union
Apparently, cash is not on its deathbed after all. At least not yet at Amazon. Amazon is partnering with Western Union to expand its PayCode service so US online shoppers can now pay cash to buy that next 10-in-1 Instant Pot, Fire TV Stick, Donkey Kong Nintendo Switch or millions of other products at the giant online seller. Read more... |
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Shave and a haircut: The must-have app
After being taken to the cleaners with any number of wild app ideas, it was just a matter of time before the haircut app was born. Introducing Shortcut – the app where you can find a five-star barber or stylist, book a haircut appointment at your office or home, and pay for it using a simple smartphone app. Read more… |
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Sept 20 global payments news roundup
In the roundup, we’ve got items including data from Juniit will takeper Research that shows online retail will reach $6 trillion by 2024. Coresight Research looks into buy online, return in store (BORIS) strategies and success stories. Wells Fargo is piloting distributed ledger technology for more secure, faster account settlement. PPRO and Klarna produced an EU travel guide that shows consumer frustration with lack of payments choices. In Virginia, those will be Walgreen drones delivering packages in a new test. Good weekend reading! Read more... |
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