Whether it’s mobile payment fiascos, PCI security changes, E-Commerce hiccups at your largest rivals or new CRM legal hurdles you now need to clear, FierceRetailIT lets you know first. Sign up for our free weekly email newsletter today!
There are rumblings in the field that Google's Android Pay may launch much sooner than later—as early as Wednesday of this week (Aug. 26). This is a month in advance of the Sept. 28 arrival of Samsung Pay, which is expected to be Android Pay's biggest competitor in the Android mobile payments space.
Many retailers are going to miss the EMV fraud liability shift deadline in October. While this is not the end of the world, retailers need to continue to work at transitioning to EMV while making sure other security bases are covered.
Soon there will finally be an Android competitor to Apple Pay. Samsung Pay is set to launch in the U.S. next month. But another competitor, CurrentC, the retailer-backed payment system from Merchant Customer Exchange, may not reach the market until next year.
As exclusivity deals signed with Merchants Customer Exchange in 2012 about to expire, another major retailer has said it will accept other mobile payment methods. Drugstore chain Rite Aid will begin accepting Apple Pay and Google Wallet this week, and will later add Google's Android Pay.
Misbehavior by a lawyer representing merchants in the American Express multimillion dollar, class action suit over interchange fees has led to the judge to reject the $79 million settlement this week—imperiling a $6 billion settlement with MasterCard and Visa.
Whether plastic chip cards or mobile apps or Bitcoins, the landscape for payments at retailers' point-of-sale—wherever it may be—is going to look vastly different in the near-term future. But it's not happening yet.