07 / 06 / 17
We?re ready for another productive and successful week of payment processing here at Aliant! But first, we?ve rounded up some of the latest news you need to know about in the world of credit card processing and merchant services! Enjoy!
Consumer Confidence Is Up ? Way Up ? This Father?s Day
It looks like Dads are getting some extra love (and gifts) this Father?s Day, according to a study by the National Retail Federation (NRF). Total spending for the holiday is expected to hit $15.5 billion– up from $14.3 billion last year. Read the full article here.
Apple Pay Cash to debut this fall as mobile P2P market expands
After months of rumors, Apple has revealed its entry into the person-to-person payments market with an upcoming system that will enable users to complete P2P transactions using iMessage. Apple Pay Cash will be available as part of the iOS 11 update available later this year, and will compete with Venmo, Square Cash and Zelle. Read the full article here.
Visa Study Shows 83 Percent Of Consumers Want New, IoT Ways To Pay
A research study by Visa and PYMNTS.com uncovered interesting insights in a first-of-its-kind research study to understand the U.S. consumer?s appetite to use connected devices to change the way they buy and pay for things. Read the full article here.
Despite costs, airlines deploy mobile payments to leverage revenue opportunities
A new CellPoint Mobile-commissioned survey of more than 50 airline revenue and payments professionals finds common agreement around revenue opportunities that arise from deploying mobile payment capabilities, even as they cite common challenges for turning payment potential into revenue realities. These findings reflect the opinions of airline payment, e-commerce and mobile commerce managers in North America, Europe and Latin America. Read the full article here.
EMV Accounts for More Than Half of Major-Brand U.S. Cards, New EMVCo Figures Show
The U.S. transition to the EMV chip card standard has had some major bumps in the road, but new statistics indicate encouraging progress. As of the end of 2016, 52.2% of major-brand payment cards in the United States?some 675 million cards?were chip-enabled, double the rate a year earlier, when the EMV card count was 394 million, according to EMVCo. Read the full article here.
What’s the best payment processing-related news you’ve heard recently? Let us know in a comment!
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