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Tag: payment

Add A New Payment Option To Drive E-Commerce: A Business Case

The COVID-19 pandemic began to impact the US in March. Around the same time, Forrester Consulting engaged in several Total Economic Impact™ (TEI) studies focused on payment solutions for merchants. From this work, we have collected several insights for merchants looking to build a business case to estimate the value of adding a new payment …

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Mall owner CBL says it’s in forbearance over skipped interest payment

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates said Wednesday it has entered into a forbearance agreement with its lenders over a missed interest payment.  With bills piling up and many of its retail tenants opting to not pay rent during the coronavirus pandemic, CBL did not make an $11.8 …

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JC Penney says it skipped a $12 million interest payment

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC J.C. Penney said Wednesday that it has chosen not to make a roughly $12 million interest payment due on April 15, as the coronavirus pandemic takes a toll on its business. It is entering into a 30-day grace period “in order to evaluate …

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Covid-19 highlights need for real-time new digital payment services worldwide, research reveals – Retail Times

More than half a trillion real-time payment transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ACI Worldwide and GlobalData. The coronavirus outbreak has accelerated the use of cashless payments across the world due to consumers opting for contactless payments to avoid disease vectors, …

Covid-19 highlights need for real-time new digital payment services worldwide, research reveals – Retail TimesRead More

Cash on delivery payment option suspended on Amazon, Flipkart, 1MG, Retail News, ET Retail

In the wake of the government implementing lockdown to contain the spread of coronavirus (COVID-19) disease, e-commerce companies like Amazon, Flipkart, online pharmacy delivery firms such as 1MG have temporarily stopped accepting cash on delivery (COD) payment method. The COD payment method is “Temporarily suspended”https://retail.economictimes.indiatimes.com/” from the list of payment methods they accept for shopping …

Cash on delivery payment option suspended on Amazon, Flipkart, 1MG, Retail News, ET RetailRead More

New Subway platform supports omnichannel payment

A leading fast-food retailer is standardizing payments across channels, countries, and franchisees. Subway is connecting with payments platform provider Ayden to offer integrated frictionless payments across online, mobile, and in-store channels. The retailer will deploy an end-to-end payments infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. As a result, Subway hopes …

New Subway platform supports omnichannel paymentRead More

New Subway platform supports omnichannel payment

A leading fast-food retailer is standardizing payments across channels, countries, and franchisees. Subway is connecting with payments platform provider Ayden to offer integrated frictionless payments across online, mobile, and in-store channels. The retailer will deploy an end-to-end payments infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. As a result, Subway hopes …

New Subway platform supports omnichannel paymentRead More

Report: Amazon joins hands with partners in palm payment plan

Get great content like this right in your inbox. Subscribe Amazon is reportedly moving forward with palm-scanning technology designed to enable automatic in-store payment. According to CNBC, Amazon and Visa are currently testing checkout terminals that would allow customers to “scan and go” at a physical store by identifying their hands. The biometric identification system …

Report: Amazon joins hands with partners in palm payment planRead More

Report: Amazon joins hands with partners in palm payment plan

Get great content like this right in your inbox. Subscribe Amazon is reportedly moving forward with palm-scanning technology designed to enable automatic in-store payment. According to CNBC, Amazon and Visa are currently testing checkout terminals that would allow customers to “scan and go” at a physical store by identifying their hands. The biometric identification system …

Report: Amazon joins hands with partners in palm payment planRead More

Survey: Payment fraud is booming

Both retailers and consumers are reporting growing levels of fraudulent online and in-store transactions. According to the American Express 2019 Digital Payments Survey, almost seven in 10 (69%) U.S. retailer respondents reported that significant amount of company time and expense is dedicated to dealing with payment fraud. Nearly eight in 10 retailer respondents (77%) reported …

Survey: Payment fraud is boomingRead More