Posts tagged with Payments

Restaurants are going cashless, here's three reasons why

It used to be the case that some restaurants or cafes would only accept cash.

Today, the reverse seems to be happening. Driven by the rise in electronic payments, many are now choosing to go cashless – taking away traditional registers altogether. 

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mat perkins

A day in the life of... Product Director at Klarna

Klarna works with retailers such as Topshop, handling customer payments and providing 'pay over time' and 'pay after delivery' services.

We caught up with Product Director Mat Perkins to find out more about his role.

(If you're after a new role yourself, check out the Econsultancy jobs board)

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Seven tips for boosting ecommerce performance

By all measures, ecommerce is on the rise globally.

In the US, Adobe Digital Insights reported that Black Friday generated $3.3bn in online sales, a 17% year-on-year increase.

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stats

15 startling digital marketing statistics from this week

It's a bumper stats roundup this week.

If you're interested in social commerce, digital transformation, PPC, ecommerce conversion rates, print ad spend, travel UX, telco UX, programmatic, payments, insurance UX, Euro 2016 and fashion ecommerce... *pause for breath* then you're in luck.

As ever, this post is simply the entrée - head to our Internet Statistics Compendium for a proper meal.

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The battle for identity on the web

As marketers we are clearly interested in who our customers are. We care about who owns, and has control over, our customer data. The rise of digital channels offers new opportunities to capture customer data and, indeed, different kinds of data such as behavioural, or social, signals. 

But there is a battle for identity, and customer data, already under way that looks set to escalate. As the gods of the internet tear the firmament asunder we must consider the implications for us mere marketing mortals.

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NCR targets small businesses with Square-like offering

With upstarts like Square trying to disrupt the payments space, often using technologies that interoperate with consumer devices like the iPad, it's no surprise that larger entrenched players are fighting back with similar offerings.

Point-of-sale giant VeriFone, for instance, is positioning itself to be the Switzerland of payment solutions, and PayPal is making a big offline push with physical retailers and card readers for smaller businesses.

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Seizing the mobile payments opportunity

In a world that is increasingly mobile, today’s retailers must consider how they are addressing their consumers' desire to make purchases through m-commerce and how to combat fraud through these new routes to market.

So how much do retailers currently know about fraud rates on their mobile channels?

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PayPal partners with 15 retailers in big offline push

PayPal may already be ubiquitous on the web, but the payments giant has its sights set on much bigger fish offline.

In an effort to bring PayPal purchasing to the masses wherever they shop, the company yesterday announced pacts with 15 major retailers in the United States that will give consumers the ability to pay for their purchases using PayPal.

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Square brings encryption to its card reader

Square, the mobile payment upstart that's combined a credit card-reading dongle with the iPhone and iPad to take on established point-of-sale (POS) payment solutions providers, has been making frequent appearances in the news of late.

From attracting users like the Obama campaign and taxi drivers in New York City to overhauling its mobile app in an effort to drive consumers to local businesses, it appears that Square's $4bn-plus in annual payments processed could be just the tip of the iceberg.

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Square wants to outfit taxis with tablets

The battle between traditional payment processors and financial institutions and upstarts looking to dethrone them is on.

The upstarts, obviously, have their work cut out for them. Entrenched players like Verifone have significant marketshare, and are increasingly employing interesting strategies in an attempt to ensure they always have a seat at the dinner table.

That means one thing: the upstarts have to get clever and creative. And that's just what they're doing.

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Can Barclays take on PayPal in mobile?

eBay's CEO, John Donahoe, believes that digital payments should account for a lot more of the global payments market than they currently do.

One of the big ways he's trying to make that happen is by ensuring his PayPal subsidiary grows its volume in the most promising digital payments space -- mobile. On that front, it appears he's making good progress as quietly, mobile payments have become a multi-billion dollar business for PayPal.

That, for obvious reasons, is probably not what bank executives want to hear. So it's no surprise that banks and other traditional players in the finance and payments markets are getting involved in the most promising digital payments space.

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VeriFone wants to be the Switzerland of payment solutions

Will the future of payments belong to upstart innovators like Square? As mobile payments become a larger and larger part of the global payments industry, they just might.

But payment giants like VeriFone aren't sitting idly by either. At this week's National Retail Federation’s Convention and Expo in New York, the company, whose point-of-sale systems are used by countless businesses, will be demonstrating how it plans to keep up with rapidly evolving payment technologies.

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