The rudimentary email pre-orders at Grossman's stores were helpful, but limiting in that it still focused on a one-on-one interaction with the customer. Grossman has since implemented technology that allows multiple customers to submit a single order.
The Olympics draw together fans from around the globe to cheer on their fellow citizens, and having such a diverse group of people in one spot can inspire companies to experiment with cutting-edge technologies.
R&D capabilities at Interac got a boost last month when Interac Corp. was created by merging Interac Association and Acxys Corp. It brought together a payments network handling nearly 5.7 billion debit transactions annually with a company specializing in payments development, management and consultation.
There’s a widely held belief that clamping down on fraud in one area will lead to it popping up somewhere else. There is some truth to this — fraudsters favor the points of least resistance. But there are also major exceptions.
EBay's recent decision to favor Adyen over PayPal doesn't spell doom for PayPal, which sees itself playing a key role in the nascent gig economy. But other payment networks also seek a slice of that pie.
As billions of devices interact in trillions of transactions, autonomous payments will be required because there simply won’t be enough humans on earth to look at them all, writes Vaughan Emery, founder and CEO of Atonomi.
A group of tourists visiting Finland from China recently concluded a completely cashless trip sponsored by Alipay, which is claiming Finland is the first country where Chinese visitors can manage and pay for all aspects of travel solely using its mobile wallet.