Industry News

Visa and Samsung have partnered to provide 2012 London Olympic Games attendants with mobile payment processing technology.

Florists are benefiting from consumer adoption of ecommerce, especially when it comes to shoppers buying last-minute gifts for holidays.

Following a 12 month study of consumer behavior after contactless card adoption, MasterCard revealed cardholders spend an average of 30 percent more when using the remote payment system.

To get ahead of the competition, MasterCard has recently introduced its new PayPass system that streamlines mobile payments, making it easier for customers to complete transactions and merchants to process them.

Discount chain wholesaler Costco recently announced plans to upgrade its online presence before it falls further behind its competitors, according to The Seattle Times.

With social commerce expected to snag sales away from traditional ecommerce and reach $30 billion by 2015, it’s becoming important for online retailers to develop a presence on the best site, reports Socialmediadd.

Canada, the U.S., Kenya, Singapore and South Korea are the countries showing the greatest readiness for mobile payments, according to MasterCard Worldwide’s Mobile Payments Readiness Index (MPRI).

Visa recently announced that in an effort to increase the speed of payment processing, it will raise the dollar limit of transactions that do not require signature or PIN verification.

A recent study by the National Retail Federation (NRF) showed Mother’s Day spending is expected to be stronger than ever, with a growing portion being driven by online purchasing.

Credit card giant Visa is under investigation by the Department of Justice regarding the company’s debit card fees, which might be violating antitrust laws, according to the Merchants Payments Coalition.