The restaurant industry today is a study in contradictions. Census data tells us that roughly 44 percent of what consumers spend on food comes from restaurants, rather than groceries for home. Yet NPD reports that 49 percent of all dinners purchased from restaurants are now...
With the growth of contactless payments, Precise Biometrics is teaming up with NXP Semiconductors for a smart card solution. Precise BioMatch® Card software will be integrated into NXP’s contactless biometric smart cards with the collaboration, Precise said in an announcement. “We see contactless payments growing rapidly,...
Before there was on demand, there was time shifting. In 1985, cable companies introduced consumers to the idea that they could use their VCRs to record movies airing on movie channels late at night when most people weren’t watching TV so they could watch them...
SWIFT announced Thursday (May 24) that 25 percent of all SWIFT cross-border payment traffic is being sent over the global payments innovation — or gpi — in the 15 months since the service was rolled out. In a press release, SWIFT said gpi has been the biggest change to come to cross-border...
A smart entrepreneur dropped out of college, identified an unmet market need and created an entirely new market segment. He did it by establishing a platform that matched an underutilized source of supply with a growing demand for services. One of his platform’s competitive advantages...
When TSYS conducted its first consumer payments study seven years ago, the primary focus was on debit vs. credit according to TSYS’ Gavin Rosenberg. The company was simply looking to gather solid information as the debit market was undergoing significant changes. Flash-forward to today, Rosenberg...
Finding one’s soulmate isn’t easy. In fact, physicist, NASA roboticist and “What If” author Randall Munroe says that, scientifically speaking, it’s impossible. The math behind his claim suggests that finding someone’s honest-to-goodness soulmate is a once in every 10,000 lifetimes kind of thing. That does make...
Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the lightning rod after flying a kite with a key on it in a thunderstorm. A little known fact, perhaps, is that Franklin is...
Welcome to Five on Five, your late look at some of the freshest payments news of the day. Today’s stories cover subjects ranging from online marketplaces to a new examination of Wells Fargo’s financial practices. There is also news about two new payments deals involving...
