Mobile Payments

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Latency and high compute costs challenge blockchain


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 [...]

(Smart) watch this space: Wearables and mobile payments

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 [...]

Bolstering retail revenue with in-store mobile

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. [...]

Global blockchain spending to hit $9.2 billion in 2021

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 [...]

Tokenization: Beyond payments

In an age where users are becoming more reliant on sharing sensitive data, fraud is on the rise. The Federal Trade Commission’s online database of consumer complaints reports 13 million complaints from 2012-2016, 42 percent [...]

Pushing forward mobile payments in Taiwan

While mainland China has wholeheartedly embrace mobile payments, the story across the Strait is quite different. In Taiwan, Apple Pay, Samsung Pay, and Android Pay launched in Q1 2017. However, while mobile wallets exist in [...]

The second renaissance: AI’s role in the workforce

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 [...]

Social media apps drive mobile P2P transfers

A new study published by Juniper Research confirms that the global number of registered mobile domestic money transfer users is expected to reach 2.5 billion in 2018 – up from an estimated 1.7 billion in [...]

Rambus talks blockchain with Semiconductor Engineering

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 [...]

SnagRide’s solution to long distance ride sharing

The end of 2017 saw a sharp rise of interest in blockchain technology. The Long Island Tea Company, a company that, before shifting to cryptocurrency mining, primarily dealt in cocktails, saw its shares jump 432% [...]

Mobile QR code coupon redemptions to hit $5.3 billion by 2022

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 [...]

The rise of digital payments in India

Digital payment platforms, such as mobile wallets, payments banks, and electronic authentication, are on an upward surge in India. The volume of digital transactions in the country grew from 32% in 2013-2014 to 62% in [...]

NFC, QR Codes, In-app and beyond…

‘Mobile payments’ is a broad term. As the ecosystem has developed, various new technologies have emerged to change the way we act and transact in-store. Integrating new with the old Some mobile payment technologies are [...]

Put your money where your mouth is: Financial institutions and mobile payments

The adoption of digital wallets, according to a Goldman Sachs analyst, has been “underwhelming to date by nearly every objective standard.” While Apple Pay is the dominant digital wallet leader in the US, accounting for [...]

Wearables ticketing to hit $1 billion by 2022

Transport and wearables ticketing A recent report by Juniper Research observes that the future of wearables ticketing will be contactless – primarily across the transport sectors. “At present, using wearables for making ticket purchases is [...]

How AliPay is setting up mobile payment’s ali oop

Mobile payments in China is a booming business. In 2016, mobile payments in China totaled $5.5 trillion, 50 times America’s $112 billion. There are situations in China’s cities where being unable to pay with one’s [...]

What digital coupons can do for retail

In an environment where most services are dominated by the internet, from video streaming to online retail, brick-and-mortar stores are finding ways to stay relevant in a world that is increasingly web-borne. Offline retailers have [...]

2018 trends: Safer data, faster payments, better experiences

Fundamental shifts in consumer behavior, the emergence of new technologies and an evolving regulatory landscape means the payments ecosystem is poised for unprecedented transformation in 2018. The demand for safer data, faster payments and better [...]

Blockchain’s future role and the people who drive it

There is a great amount of hype surrounding blockchain technology. A British company, Online plc, saw its shares rise 394 percent right after adding the word ‘Blockchain’ to its official name. While blockchain technology was [...]

Show me the (mobile) money: A comparison between AliPay and WeChat

While mobile payments are beginning to take root in the United States and Europe, they have become the norm in China. So prevalent is cashless-ness in the Middle Kingdom that there are even places such [...]

Machine learning and customer experience in the digital realm

With the advent of programs such as Siri, Google Assistant, and Microsoft Cortana, Artificial Intelligence (AI) and machine learning have come a long way. For example, the front page of Amazon or YouTube would look [...]

Understanding the next phase of digital wallet adoption

JPMorgan Chase recently commissioned a thought leadership study penned by Forrester that explores the next phase of digital wallet adoption. According to the study, digital wallet adoption by consumers and merchants is taking a “short [...]

Beat the Black Friday blues with faster payments and safer data

Retailers must respond to evolving behaviors and manage huge increases in footfall, but still deliver the exceptional in-store experience consumers demand. They must also contend with increasingly sophisticated fraudsters and react to rapidly evolving security threats.

How brick-and-mortar retailers can survive in the digital age

The feeling of walking into a physical shop. The anticipation one has of finding the item they want, inspecting it, then taking it to a register to purchase it. They have become memories of a [...]

Will wearables accelerate digital wallet adoption?

W.B. King of the Credit Union Journal recently reported that credit unions are eyeing wearables as another aspect of digital wallet adoption. According to CO-OP Financial Service CEO Todd Clark, wearable payments – whether made from [...]

Rambus teams with eftpos for Android Pay in Australia

eftpos, the Australian domestic debit network, is now using Rambus Token Service Provider (TSP) technology to securely digitize payment cards to support Android Pay. Put simply, tokenization replaces sensitive financial information with unique reference numbers [...]

PSD2: A revolution in European payment methods

A Revolution in European Payment Methods In 2007, the European Union adopted the Payments Services Directive (PSD). The PSD created a single market for payments within Europe and laid down the legal basis for the [...]

WeChat me outside, how about that?

While people in the West are still getting to grips with new ways to pay like Apple Pay and Samsung Pay, a Chinese social network is changing the way people in China handle financial transactions. [...]

Rambus collaborates with Samsung Canada and Interac to deliver Samsung Pay

Enabling Interac Debit on Samsung Pay in Canada Rambus has teamed with Samsung Canada and Interac Association/Acxsys Corporation to help enable Interac Debit on Samsung Pay in Canada. Developed in collaboration with Rambus, the Interac [...]

Money20/20 Trends: AI, ‘everyday commerce’ and security

The bright lights of Las Vegas have gone out on Money20/20 for another year. As always, the event brought together the biggest names in payments and provided unprecedented insight into the future of financial services.

Invisible payments are driving a frictionless and interactive shopping experience

Invisible payment technologies A new study published by Juniper Research says Amazon Go and other “invisible payment” technologies will process over $78 billion in transactions by 2022 – up from an expected $9.8 billion in [...]

Blockchain: From eSports to CDC crisis response

Blockchain and eSports Darren Heitner of Forbes reports that Eloplay – which helps players organize and participate in eSports tournaments – is piloting a new form of currency for its users. As Heitner notes, Eloplay’s [...]

Let’s talk about mobile payments @ Money20/20

Written by Andre Stoorvogel, Director, Product Marketing at Rambus Rambus is @ booth 833 Billed as one of the world’s largest payment and financial services event, Money20/20 kicks off in Las Vegas on October 22, [...]

Strategies for securing retail payment data

The value of mobile wallets may be seen to provide a seamless and enhanced buying experience to consumers. But digital retail wallets are also a highly-effective means of improving payments security and mitigating risk.

Smarter, easier, better: Key takeaways from Shoptalk Europe

Speaking at Shoptalk Europe, eBay declared that artificial intelligence (AI) is ‘transforming every aspect’ of retail. Certainly, AI has the potential to enable a truly personalized shopping experience.

Rambus and eftpos team up in Australia to support Apple Pay

Rambus and eftpos support Apple Pay transactions in Australia Rambus has teamed up with domestic debit network eftpos to help provide secure transactions for Apple Pay users in Australia. Through integration with Rambus’ Token Service [...]

Do contactless payment users prefer fingerprint sensors and voice recognition?

A new survey conducted by Juniper Research has concluded that 40% of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. Instead, contactless payment users said they [...]

UN highlights Blockchain in new report

A new United Nations (UN) report highlights the important role digital payment systems are playing in developing and evolving the global economy. According to the UN, digital payment systems refer to the use of debit [...]

Starbucks reloads Apple Watch app

Coffee and tea aficionados can now reload their Starbucks Card using Apple Pay – right on the Apple Watch. According to Rachel Green of Business Insider, the upgrade eliminates a step for Apple Watch's Starbucks [...]

The rise of scan and go technology and how it works

The way that consumers shop in-store is fundamentally changing. The rise of ‘Scan and Go’ technology, coupled with other industry developments, is helping retailers to overhaul the buying experience that they offer their customers. So, what do retailers need to know about Scan and Go, and what are its benefits?

The driving force behind mobile wallet adoption

We believe that the driving force behind mobile adoption is consumer experience. The Rambus Unified Payment Platform enables merchants to integrate multiple forms of interactions with consumers to create a robust and powerful user experience. [...]

The role of the mobile wallet driving the buying experience

The personalization of mobile wallets According to Rambus CMO Jerome Nadel, mobile wallets of the future will be personalized and contextually integrated to intelligently interact with retailers. One such example, says Nadel, is the concept [...]

Key ingredients for a successful mobile wallet

Rambus recently interviewed a number of prominent industry experts at the Mobey Forum about the key ingredients for a successful mobile wallet. According to Kristian Luoma of the OP Financial Group, a mobile wallet should be [...]

U.S. proximity mobile payment transactions to total $49.29 billion in 2017

eMarketer analysts are projecting that the value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017, up 78.1% from last year. Although the growth rate is expected to remain in double digits, it [...]

What EMV Tokenization 2.0 means for the payments industry

David Worthington, VP of Business Development at Rambus Technical body EMVCo launched version two of its EMV® Payment Tokenization Specification - Technical Framework in September. The market has evolved rapidly since v1.0 was launched in [...]

EMV Payment Tokenization Specification gets an update

EMV Payment Tokenization Specification - Technical Framework EMVCo has published version two of its EMV Payment Tokenization Specification. The technical framework document – which can be downloaded here – addresses the adoption of payment token [...]

Rambus showcases IoT security, mobile payments and smart ticketing @ MWCA 2017

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We will be showcasing our IoT security, mobile payment and smart ticketing solutions at Mobile World Congress Americas (MWCA 2017) in San Francisco on September 12-14, 2017. Come visit us at stand N.319 in Moscone’s [...]

Hailing a Frappuccino has never been so easy

A good number of consumers — perhaps out security fears and perceived technological inconvenience (or sometimes both) – are always reluctant to try anything new. As it so often happens, transformative technology encourages us to [...]

In-store contactless mobile spend up 336% in the UK

WorldPay has confirmed that mobile contactless transactions topped £370 million in the UK during the first six months of 2017, marking an impressive 336% year on year rise in spending. According to WorldPay, the use [...]

Encouraging PSD2 compliance beyond the EU

PSD2 & improved consumer protection Seth Ruden, a senior fraud consultant at ACI Worldwide, has written an article for PaymentsSource that explores the benefits of U.S. issuers embracing the EU’s PSD2 (Payments Services Directive). As [...]