On The Web

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Networks Say SRC Will Go Live Later This Year to Simplify—And Secure—Digital Checkouts

June 10 2019

“The EMV Secure Remote Commerce Specification v1.0, as it’s formally known, comes from the international payments-standards body EMVCo and is aimed at decluttering online checkouts by mimicking the cardholder experience at a physical terminal inside a store. The aim is to allow consumers shopping on an e-commerce site, for example, to pay for purchases with […]

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In Amazon Vs. Walmart Delivery Battle, a Fresh Salvo

June 3 2019

“Amazon.com Inc. AMZN -4.52% on Monday said it has made more than 10 million products available for free one-day delivery to Prime members in the U.S., the latest salvo in a battle over speedier shipping speeds with rival Walmart Inc. WMT +0.36% The e-commerce giant is touting the arbitrary milestone about three weeks after Walmart announced it would begin offering free next-day delivery […]

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2018 State of ECommerce Delivery Report – Global Insights

May 20 2019

Key Findings: 75% expect all delivery options to be displayed on product pages 75% have purchased more items to take advantage of a minimum spend ‘free delivery’ option 70% expect to pay extra for one-hour, same day, next day or Sunday delivery 54% of consumers expect to be able to choose which carrier delivers their online […]

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Flywire and UnionPay Extend Partnership on Cross-Border Payments

May 9 2019

“Program streamlines international tuition and healthcare payments for UnionPay cardholders from China Flywire and UnionPay International today announced that they are re-launching a promotional program that provides Chinese students and patients with discounted foreign exchange rates on cross-border tuition and healthcare payments. The effort is a continuation of a highly successful partnership beginning in the […]

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Facebook’s New Cryptocurrency, Libra, Gets Big Backers

June 14 2019

“Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., MA +0.19% PayPal Holdings Inc. PYPL +0.68% and Uber Technologies Inc. UBER -0.52% to back a new cryptocurrency it plans to unveil next week and launch next year. The financial and e-commerce companies, venture capitalists and telecommunications firms will invest around $10 million […]

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Chip Cards Make Gains, but the U.S. Still Lags Most of the World in EMV Adoption

June 20 2019

“EMV chip card payments made substantial gains in the U.S. last year, but the nation still lags most other regions in EMV penetration, according to new figures from payment card standards body EMVCo. Some 53.5% of general-purpose U.S. card-present transactions in 2018 were so-called chip-on-chip, meaning both the point-of-sale terminal and the card were EMV-enabled, […]

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HSBC Launches Next Generation Virtual Accounts for Corporate and Institutional Clients

July 8 2019

“As an innovative multi-currency solution, available in more than 20 currencies, Next Generation Virtual Accounts build on the reconciliation benefits of traditional virtual accounts by enabling treasurers to centralise payments and receivables across multiple and single entity structures. Clients can consolidate hundreds of bank accounts into a handful, or as few as one account for […]

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Can Vietnam Turn 90% of Its Transactions Into Cashless Payments? – KrASIA

July 8 2019

“In Hanoi and Ho Chi Minh City, the colorful stickers and placards of popular e-wallets like Moca and Momo are appearing on storefronts—a sign that Vietnamese urbanites are embracing cashless payment methods. But that’s just two cities. Overall, nearly 90% of the country’s transactions still use cash. The Vietnamese government has been open about its intentions […]

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Cumberland Farms New Loyalty And Payment App Offers Two Payment Options

July 1 2019

“Cumberland Farms , a leading coffee, convenience and gasoline retailer, today announced the launch of its new Cumberland Farms App, which is the next evolution of its highly successful SmartPay Check-Link® program. The new app gives users two payment options: SmartPay Check-Link®, which links to a checking account or Netspend® account and saves users 10 […]

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Fintech Startup Finix Raises $18 Million, Aims To Become The Twilio Of Payments

July 16 2019

“Finix , a three-year-old, 30-person startup based in San Francisco, raised $17.5 million in Series A funding from Bain Capital Ventures, Visa and Insight Venture Partners, among other investors. It aims to help companies manage and monetize payments by becoming their own payment processors. In the same way Twilio’s white-label software lets Uber users seamlessly […]