By 2021, eMarketer projects that 79.3% of smartphone users in China will be swiping, scanning, and tapping at point-of-sale machines. Meanwhile, only 30.8% in the U.S. and 22% in Germany will be doing the same. China’s Alipay exceeded 1 billion users with more than 700 million users in China alone, according to news reports. Additionally, more than 40 million small...
Regulators’ heads continue to spin as the number of products containing cannabidiol (CBD), including lotions, drinks, hair conditioner, and more, continues to flood the market. Ever since the 2018 farm bill legalized hemp under certain conditions and allowed CBD products to be shipped interstate with limitations, regulators have been trying to get a handle on the industry. Advocates consider the...
Si usted necesita una cuenta mercantil, pero no tiene una cuenta de cheques, podemos ayudarle! eMerchantBroker.com ha ayudado a cientos de propietarios de negocios que necesitan una cuenta mercantil, pero no tienen una cuenta de cheques. Mientras que su negocio sea un lugar de ventas, o si usted tiene la oportunidad de “pasar” la tarjeta de los clientes, entonces usted...
When it comes to the very profitable supplement and nutraceutical market, payment facilitators need to pay attention and keep up. Though new products enter the market every day, payment facilitators must keep an eye on trends so they can mitigate risks while continuing to approve and monitor merchants. The best approach is to maintain a list risky products that have...
Despite the interest in CBD, many major retailers have been num on their stance concerning the compound. That was until recently. Two of the nation’s largest pharmacies, CVS and Walgreens, announced their interest in exploring CBD. Both will begin selling hemp-derived CBD products in the total 2,300 stores owned by the two chains. Soon, they will sell a variety of...
When it comes to paying for goods and services, customers expect safety, security, and convenience no matter what type of device these use. Some merchants have heard consumers’ calls and demands, and have taken action. For example, the Mercedes-Benz Stadium, home of the NFL’s Atlanta Falcons and MLS’ Atlanta United, no longer accepts cash for purchases. Instead, they only accept...
Samsung Pay is providing greater flexibility and possibilities to consumers in France. For the first time in France, PCS MasterCard prepaid card users can make mobile payments through Samsung Pay. Samsung Electronics France recently partnered with French card issuer Prepaid Financial Services to allow its fleet of PCS Mastercard prepaid cards to be loaded onto the Samsung Pay wallet. PCS...
Mobile and IoT payments are happening now and will continue to grow, so that means banks need to embrace emerging technologies to handle them. Banks need back-end infrastructures that are flexible enough to handle payments enabled by mobile devices, wearables, and whatever smart technology gets thrown at them next. Banks may be stressing out about moving away from legacy technology,...
Overall, people hopped on the cryptocurrency ecosystem quickly. With the right measures and forethought this means the blockchain has the potential to change financial services forever. It may have the power to revolutionize the payments industry, but cryptocurrency has to get through it’s growing pains first. The expansion of mobile payments will help. As more consumers use online and mobile...
The government of India is a leader in biometric adoption for payments. More than 1 billion Indian consumers have established a digital identity with the government, which requires users to submit fingerprints, iris scan recognition, and a photograph to collect social welfare payments. Collecting this biometric information took fewer than 10 years, and now India has the tools to identify...
