Apple has hinted for years that it would enter the mobile payments field, but now the computer company appears to be getting serious.
NFC took another hit this week as Best Buy and 7-Eleven began removing the capability to accept payments at POS terminals throughout their store network.
The mobile channel now accounts for 20 percent of retailers' business, double that of last year. But it also poses greater risk of fraud and the need for new tools to combat that fraud.
Target launched its Accelerator program in India Tuesday, as the retailer steps up efforts to build new technology solutions.
Visa and Mastercard are backing host card emulation (HCE), making it possible for credit card companies to bypass barriers to providing cloud-based mobile payments.
Amazon announced that shoppers in the U.S., U.K. and Germany can now buy, spend and earn Amazon Coins on their Android phones and tablets. Previously, Coins were available for use exclusively on Kindle Fire tablets.
A new database now lets consumers opt-out of location analytics, essentially hiding them from companies seeking to access mobile devices for analytic purposes. The Future of Privacy Forum (FPF), a Washington, D.C.-based think tank seeking to advance responsible data use and consumer privacy, and The Wireless Registry, the first global registry of wireless names and identifiers, launched the new platform that will allow consumers to easily and quickly opt-out of mobile location analytics at thousands of locations in the U.S.
The Wireless Registry wants to create a global registry for wireless names and devices, making it easier to associate content to these names and provide meaning when they are detected.
Walmart (NYSE:WMT) ran into trouble with Wall Street this week after an ordering manager sent an e-mail to a supplier saying that the world's largest retailer was "looking at reducing inventory for...