Payments

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Cool Story, Bro: Payments and Instagram Stories

Earlier in May, photo and video sharing app Instagram quietly launched an in-app shopping feature. With more than a million advertisers and 25 million businesses on Instagram, the Facebook-owned app is rolling out a new [...]

How can real-time payments be secured?

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 [...]

Mobile Scan-and-Go: From Cashier to Concierge

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 [...]

Music, Drinks, and Mobile Payments

The live music industry, currently valued at around 10.43 billion dollars in 2018, is expected to reach to 11.99 billion in 2021. Music festivals are often accompanied by concession stands selling food, and drinks. With [...]

Who Should be the Token Service Provider?

As the mobile payments market has expanded, tokenization technology has emerged as an essential element to enable secure mobile transactions. This has created a number of questions for the issuing ecosystem. Chief among which is [...]

Mobile Coin’s $30 million bid for mobile payments

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 [...]

Money in motion: Mobile banking’s importance in the digital age

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 [...]

Making Real-Time Payments Safer: Payment Account Tokenization

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 [...]

What is Secure Remote Commerce?

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 [...]

These points aren’t loyal: The Panera Bread data theft

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 [...]

Let’s talk about mobile payment regulations in China

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 [...]

The wait is over: Why real-time redemption makes loyalty better

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 [...]

What is a Secure Element?

A lot is happening in the ecosystem of secure elements (SEs). As more people own a sophisticated smartphone, consumers are looking for new applications.

Mobile scan-and-go shopping: The future of retail is now

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.

Buying in Korea with crypto

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South Korea has an interesting relationship with cryptocurrency, a relationship that could be best likened to a bowl of kimchi: hot and cold. The South Korean government has mulled over possible regulations to cryptocurrencies, and [...]

What is a Token Vault?

A token vault is a secure centralized server where issued tokens, and the PAN numbers they represent, are stored securely.

Ant Financial’s AliPay eyes Pakistan

AliPay has plans to come to Pakistan as part of Ant Financial’s drive to bring their services beyond China. An agreement between Ant Financial and Telenor Group will see the former put up $184.5 million [...]

WhatsApp Pay: Mobile payment’s passage to India

The previous few years have been an interesting time for money and payments in India. On November 8th, 2016, the Government of India demonetized 500 and 1,000 rupee notes in a bid to crack down [...]

UK: In-store mobile spend jumps 328% 

Mobile payments: A tipping point in the UK A new analysis from Worldpay confirms that mobile payments are fast approaching a “tipping point” in the UK. Indeed, in-store mobile payments topped £975 million in 2017, [...]

Wear and tear: The growth of the wearables market

The world is growing increasingly connected and mobile, and things are no different in the industry of wearables, where the global market is on an upward trend. According to recent data from the International Data [...]

Money in motion: Mobile payment adoption

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 [...]

EU says blockchain can be a “game changer”

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 [...]

Talking payments at Mobile World Congress 2018

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 [...]

Rambus is @ MWC 2018!

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MWC 2018 kicks off today in Barcelona! We’re at booth #7J31 (Hall 7) in the Fira Barcelona Gran Via, showcasing our CryptoManager IoT Security Service, Unified Payment Platform and a range of Smart Ticketing solutions. [...]

Latency and high compute costs challenge blockchain

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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 [...]