2019 marks the year that many mobile carriers launch their 5G networks. It’s the fifth generation of wireless technology. The changes include new smartphones with 5G capability, which have only recently hit the market. That means most people don’t yet have access to this powerful network. However, it’s important to start covering the 5G revolution as it starts to prepare retailers for the opportunities to come so changes can start now to accommodate the new network.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Small Business Tips,
Payment Trends
Although it sounds more like something out of a science fiction novel or movie, facial recognition is gaining ground as a technology for identify verification. If you have an iPhone, you may already be using this biometric method. Rather than entering a password, your smartphone recognizes you from a scan of your face that it took when you first used it. From there, many more apps have integrated the facial recognition technology.
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Topics:
Due.com Partner Posts,
Mobile Payments,
Payment Technology,
Payment Trends
Over the last few years, chip-and-PIN has been heralded as the gold standard in payment security. These EMV credit cards come with embedded chips that are next to impossible to clone. To initiate an in-store payment, customers must input a personal identification number (PIN) that only they know. Additionally, mobile payments and wearable technologies continue to grow in popularity every year. In fact, experts predict that annual in-store sales generated through smart devices could exceed $500 billion by 2020 — in the United States alone.
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Topics:
EMV,
Mobile Payments,
Payment Technology,
PCI Compliance and Fraud Prevention,
Payment Trends
If you grew up during the ’70s, ’80s or ’90s, you probably remember seeing branded credit cards offered by some of the biggest names in retail. You could use your JCPenney card at most stores — but using it specifically at JCPenney allowed you to rack up certain discounts and loyalty points. These types of cards still exist — and probably won’t go away anytime soon. However, big-box retailers are increasingly exploring a new payment option — i.e., mobile wallets that are directly tied to branded smartphone apps. From Kohl’s Wallet to Walmart Pay to Target Wallet, each store uses a slightly different name — but the basic functionality remains the same:
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Topics:
Mobile Payments,
Payment Technology,
Payment Trends
Showing your support for political issues and candidates is about more than signing petitions. Politics requires funds for campaigning and taking action, and securing that funding no longer only means busting out the checkbook.
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Topics:
Mobile Payments
Mobile payments are on the rise as American consumers increasingly rely on their smart phones to shop:
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Topics:
Mobile Payments
It's a familiar ritual known to everyone who has ever needed to withdraw cash from an ATM: Enter (or swipe) your card Enter your PIN Type the dollar amount Withdraw your money Yet as established as this routine is, it could become a thing of the past. Chicago's BMO Harris Bank is introducing a very different type of ATM — one that doesn't require users to swipe or insert their debit cards. Instead, users withdraw the cash they need using smartphone technology.
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Topics:
Financial Institutions,
Mobile Payments,
Payment Technology,
Payment Trends
