Retailers are racing to deliver engaging and experiential buying experiences to differentiate themselves from the competition. It is possible for merchants to enhance the customer buying experience with mobile wallets, while benefiting from a reduced overall cost of payment acceptance.
Growing card-not-present fraud, and the need for merchants to deliver a seamless user experience, is driving demand for card-on-file EMV payment tokenization. As industry players look to simplify tokenization initiatives, token gateway solutions can deliver considerable competitive advantages.
The Land of the Rising Sun has not taken to mobile payments as readily as other countries, but Ant Financial, a company based in a country that has, hopes to bring its mobile payments know how to bolster Japan’s industries and tourist revenue, especially now with the 2020 Olympics not too far away.
Announced by Mastercard and Visa in November, 2017, Secure Remote Commerce (SRC) is a set of unified digital checkout specifications, representing an evolution of remote commerce that provides for secure and interoperable card acceptance. It [...]
Rambus announced on September 12th, 2018 that its Token Gateway for e-commerce solution is one of the first to be qualified under the “Visa Ready” for Tokenization program. This certified solution enables token requestors like [...]
Learn how card emulation allows a mobile device to mimic a payment card, enabling users to make card transactions using a mobile device. HCE enables the SE to be placed in a remote and hosted cloud environment, rather than inside the mobile device.
While mobile payments are starting to catch on in the United States, mobile payments in China are so prevalent, they have begun to shape everyday life in the country. Chinese users are able to hop [...]
For banks, direct debit (ACH) fraud represents a bigger financial risk than card fraud. In particular, growing momentum for real-time payment schemes across the world is creating huge opportunities for fraudsters and placing increasing pressure [...]
Merchants who fail to recognize and instill payments as a strategic enabler and differentiator in their digital transformation will fall behind their competitors. Join Rambus for the upcoming webinar titled, “How Digital Transformation is Changing [...]
In today’s on-demand world, we expect to be able to spend, move and receive money instantly. For this reason, real-time payments (RTP), also known as ‘faster payments’ or ‘instant payments’, are gaining momentum globally. Accenture estimates [...]
With robotics and artificial intelligence (AI) technology advancing, many industries are now addressing the opportunities and challenges presented by increased automation. Retail is no different. In particular, the emergence of checkout-free retail has excited consumers [...]
In late April, 2018, MobileCoin, a privacy-focused cryptocurrency announced that Binance Labs, the major blockchain incubator associated with the Binance exchange, led a $30 million round in Bitcoin and Ether for the new cryptocurrency. As [...]
The evolution of the smart phone has dramatically changed parts of every day life. In the case of consumer banking, executives from both small and large financial institutions are realizing how vital a mobile presence [...]
Rambus has just announced the launch of its Payment Account Tokenization solution to secure account-based transactions, such as automated clearing house (ACH) and real-time payments. The solution will enable central banks and clearing houses to replace [...]
Mastercard and Visa recently announced a standardized method for e-commerce checkout, based on a unified, streamlined checkout framework that was proposed by EMVCo in November, 2017. Dubbed Secure Remote Commerce (SRC), the unified digital checkout [...]
Attackers are finding new ways to steal data and sensitive information, such as credit card details and identity, from databases to, in Panera Bread’s case, loyalty reward programs. According to KrebsOnSecurity, Panera Bread had leaked [...]
In an effort to tackle fraud, the People’s Bank of China (PBOC), the national central bank of China, has plans to enact a cap on mobile spending. While solutions such as Apple Pay and Google [...]
These are challenging times for brick-and-mortar merchants. Across the world’s top 250 retailers, the average annual rate of revenue growth has declined by almost 50% in the past 10 years. As retailers work to reverse [...]
As brick-and-mortar retailers look to enhance the in-store experience to compete with the ecommerce giants, they must contend with the unprecedented challenges posed by decreasing revenues and escalating costs. But for those who invest smartly in the right digital initiatives, there are huge opportunities. For this reason, transformative technologies such as mobile scan-and-go solutions are gaining momentum across the world.
The rise of online retailers such as Amazon and mobile payment platforms including Apple, Samsung, and Google Pay (formerly Android Pay), underscores the importance of closing the gap between an online personalized shopping experience and [...]
Blockchain in the European Union (EU) The European Commission (EC) recently debuted an action plan that outlines how the EC could potentially harness the opportunities presented by evolving FinTech. More specifically, the Commission wants to [...]
In our increasingly connected world, Mobile World Congress has become more than the venue for the latest smartphone launches. The conversations and demonstrations in Barcelona now have a profound impact on various industries across the [...]
Latency, compute costs and storage Andy Vitus, a partner at Scale Venture Partners, has written a TechCrunch article that explores the future of blockchain and distributed apps. As Vitus observes, the industry still has a [...]
Smartwatches began as an extension of a user’s smartphone. For example, the Moto 360 can forward notifications, removing the need to take one’s phone out of their pocket or bag. Smartwatches can also measure heart-rate [...]
146% revenue growth A new survey from Stratix and IHL Group (cited by Retail Touchpoints) has concluded that successfully deploying mobile in-store commerce could potentially drive up to 146% revenue growth for retailers in 2018. [...]
blockchain: $2.1 billion by 2018 IDC analysts are forecasting that worldwide spending on blockchain solutions will hit $2.1 billion in 2018, more than double the $945 million spent in 2017. More specifically, blockchain spending will [...]
There is a common notion that the arrival of Artificial Intelligence (AI) would spell the end of many entry-level jobs. Companies such as McDonalds are replacing human servers with machines in response to a rise [...]
Earlier this month, Susan Breidenbach of Semiconductor Engineering wrote an article that explores the blockchain-cryptocurrency phenomenon. As Breidenbach observes, the blockchain buzz has reached “deafening levels” in recent months, although proponents of the technology say [...]
Juniper Research analysts are reporting that the number of Quick Response (QR) code coupons redeemed via mobile will reach 5.3 billion by 2022, up from an estimated 1.3 billion in 2017. More specifically, the use [...]