Payment Providers Compete for Their Share of the Food-Delivery Market

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Uber may be known as a ride-share play, but it’s much more than that. Dara Khosrowshahi, Uber CEO, likens the company more to Amazon.com than ride-share rival Lyft. One of the areas in which it goes head-to-head with Jeff Bezos’ e-commerce giant is food delivery. In fact, restaurant food delivery is hotter than ever and payments companies are vying for their share of the market. Continue reading Payment Providers Compete for Their Share of the Food-Delivery Market

Contactless Cards Take the U.S. by Storm, finally

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Better late than never. Contactless cards begin to take off in the U.S. after having gained popularity in the U.K., South Korea, and other jurisdictions years ago. Now U.S. consumers will have the opportunity to tap a credit or debit card at the retailer’s point-of-sale terminal. Banks and other card issuers are motivated to integrate the technology to capture a combined $2.4 billion in profits over the next half-decade as a result. Continue reading Contactless Cards Take the U.S. by Storm, finally

Facebook’s Data Scandal Thrusts Privacy and Payments into the Spotlight

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Facebook has made headlines for a privacy scandal that could ultimately cost the company billions of dollars in fines. The tech giant has thrust the privacy issue into the spotlight for its careless handling of user data, a topic that is paramount to a sector such as payments. Cash is no longer king in the current digital age and as a result, extra steps must be taken to ensure user privacy. Continue reading Facebook’s Data Scandal Thrusts Privacy and Payments into the Spotlight

JPM Coin Proves Blockchain Technology Has Disrupted Payments

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Now that JPMorgan, the biggest bank in the U.S. based on assets, has launched its own cryptocurrency, it’s clear the blockchain is leaving its mark on global payments. The JPM Coin, which is the bank’s new digital currency, may be reserved for the firm’s clients, but it’s a sign that blockchain technology has disrupted the entire payments space. JP Morgan is the first leading U.S. bank to launch its own cryptocurrency, but it probably won’t be the last. Continue reading JPM Coin Proves Blockchain Technology Has Disrupted Payments

Tech Innovation Heats Up in the Payment Space

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Tech innovation in the payment space knows no bounds. Among the trends, traditional payment companies are pursuing M&A with their fintech counterparts in order to remain relevant in a changing market landscape. Others are launching new products. Even tech giant Apple is jumping in the fray, most recently pouring resources into a new credit card. Payment startups, meanwhile, are making plans for their public market debut in a pipeline of IPOs. Even while uncertainty has gripped the global economy, the payments segment seems to be doing just fine.  Continue reading Tech Innovation Heats Up in the Payment Space