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Global retail study reveals consumer demand for new ways to pay
Shoppers around the world are demanding their retail experience be transformed, a study by MasterCard has revealed at this year’s World Retail Congress. Retailers are under increasing pressure to adopt new payment technologies, as shoppers demand simpler and more innovative ways to pay, MasterCard’s first Retail Social Listening Study has uncovered. In a world first, the MasterCard [...]
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Retailers extremely focused on payment innovation
Payment innovation in the retail industry is rapidly changing, driven by consumer adoption of mobile smart devices. Because of recent well-publicized data breaches and payment card fraud, retailers have turned their attention to the dual challenges of data security and fraud prevention, even as they try to keep up with the demands of digitally enabled consumers. [...]
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UK contactless card use skyrockets
Spending by British consumers on their contactless cards has increased more than five-fold in the last 12 months, according to MasterCard’s UK spending data. Cardholders have driven 560% year-on-year growth in the value of transactions, up from a 373% increase in the year to July 2014, showing that the adoption of contactless payments is continuing [...]
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Advanced Payments – Which paths to success?
PCM in partnership with Edgar, Dunn & Co. and American Express unveil the findings of the latest Advanced Payments Survey. The annual Advanced Payments Survey, which this year has been produced by PCM in conjunction with American Express and written by consultancy Edgar, Dunn & Co. (EDC), has become one of the benchmark indicators of [...]
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Increasing appetite for mobile contactless payments in Germany
Mobile contactless payments based mobile payments are gradually gaining prominence in Germany, with consumer preference for secure payment services also gaining ground, finds a new report by Timetric. According to the report, mobile penetration witnessed a healthy growth during the review period, rising from 128.3% in 2010 to 134.3% in 2014. One of the primary [...]
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