PCM Mobile Payments RSS
ZELLE ANNOUNCES $25 BILLION IN P2P PAYMENTS IN Q1
In the first quarter of 2018, more than $25 billion moved through the Zelle Network, up 15 percent quarter-over-quarter (QoQ), or 85 million transactions, up 14 percent QoQ. “Zelle is replacing cash and cheques for sending gifts for birthdays to distributing funds to those in need, changing how money moves safely for millions of consumers,” says Paul Finch, CEO [...]
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MOBILE MONEY SURPASSES 690 MILLION ACCOUNTS
Having surpassed five billion people connected to mobile services in 2017, the global mobile industry will reach further milestones over the next eight years, says the GSMA. The mobile industry trade body predicts that the number of unique mobile subscribers will reach 5.9 billion by 2025, equivalent to 71 percent of the world’s population. Growth [...]
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AMAZON PIONEERS JUST WALK OUT SHOPPING
The products on the shelves are the same as in many other convenience stores. The technology behind the scenes and the customer experience is anything but. With its Go store in Seattle, Amazon has seemingly managed to eliminate shop-lifting by encouraging it. Amazon’s 1,800 square foot Go store is now open to the public after [...]
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MOBILE BANKING AND PAYMENT PRACTICES OF US FI’S
The year 2016 marked the second time that multiple Federal Reserve Banks (FR Banks) have surveyed financial institutions about their mobile banking and payment practices and plans. After surveying institutions in the Atlanta, Boston, Dallas, Minneapolis and Richmond Federal Reserve Districts (Districts) in 2014, the FR Banks, led by the Federal Reserve Bank of Boston, [...]
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TOP THREE PAYMENT TECHNOLOGY TRENDS IN 2018
The New Year is a time for predictions. These are notoriously hard, especially about the future. Driverless cars, runaway AI and terminals that talk back may generate the most column inches. However when it comes to payment technology, 2018 will be less about brand-new technologies, and more about evaluating and engaging with technologies that have [...]
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