What’s happening in the industry? Here’s a quick summary of this week’s biggest payments headlines.
PayPal and eBay are set to split up this year, so the eRetailer hunts for payments professionals from none other than tech giant Apple. Read more from the San Francisco Chronicle.
Speaking of everybody’s favorite fruit, PYMNTS.com reports that Apple may be creating a music streaming “game-changer” that will go straight for Spotify with an Apple Pay/iTunes hybrid that uses NFC technology to deliver music via encypted files. Read more here.
Although technically more last week’s news, it’s still a biggie. We learned that Amazon was giving up its digital wallet app. Analysts reported that the wallet “failed to deliver.” For more on its negative performance and reviews, visit Payment Week.
A new report from the British Bankers Association shows that mobile banking isn’t limited to younger generations. Nearly 2.3 million customers in the UK that use internet-based banking are between the ages of 70 to 100 years old, part of a group now called the “silver surfers.” Additional figures can be found at Mobile Payments Today.
Global online retail sales will increase 16.5% in 2015 to 78.9 billion USD, reports The Paypers. This is a continued rise from 2014, where sales hit 68 billion USD. See a more detailed breakdown here.
Experian Data Breach Resolution and BillGuard announced their partnership to offer ProtectMyID, a fraud surveillance and ID theft product that operates using a simple mobile app for both iPhone and Android devices. The app notifies cardholders of suspicious card activity, including transactions at known breach locations, alerts when their card is used away from their phone, analytics, and in-app disputes. Learn more here.
Did we miss any big ones? Let us know in the comments.
Photo credit: Billy Gast