Sales Made on Smartphones Up 65% YOY as Retailers Embrace 2017 mRevolution

A new study shows 2016 direct online sales totaled an estimated 11.6% of total U.S. retail sales of $394 billion, but digital touchpoints actually impacted an estimated 49% of total U.S. retail sales. According to The State of Retailing Online 2017: Key Metrics, Business Objectives and Mobile by the National Retail Federation’s Shop.org division and…

Corporate Travel Policies Embrace Uber and Lyft — Driving Up Revenues 21%

A new report reveals ride-sharing services are now allowed by one-half of all corporate travel policies, a jump from 44% in June 2016. As policies expanded to include ride-sharing suppliers, such as Uber and Lyft, ridership among business travelers increased 21%. A majority of travelers anticipate using these types of services about the same amount…

Payment Solutions for the Cannabis Industry Ready to Explode

Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30% increase from the previous year, and sales are projected to grow to $21.6 billion by the year 2021, which represents a 26% compound annual growth rate. Voters in four states – California, Massachusetts, Nevada and Maine, voted legalize recreational Cannabis this November.…

CardFlight SwipeSimple to be Co-Branded for Vantiv ISOs

Vantiv is now offering CardFlight’s SwipeSimple mobile POS solution to its merchants. SwipeSimple is a turnkey mobile payment acceptance platform that includes an EMV-enabled mobile chip card reader, a mobile application for iOS and Android, and a back office reporting portal for business owners to take payments and manage their business. The solution will be…

Loyalty One CN-Driven Redemptions Kill Alliance Data Systems Q4 Profits

Dallas-based Alliance Data Systems (ADS) reported fourth quarter (4Q/16) year-on-year (YOY) profits sunk due to new legislation in Ontario prohibiting the time-based expiration of reward points associated with all loyalty programs. The cancellation of its 5-year expiration policy necessitated a change in ADS breakage estimate, according to CardData. ADS reported gross revenue rose 4.5% YOY…

China and Jack Ma Take Over U.S.-Based MoneyGram & its P2P Services

MoneyGram, a provider of innovative money transfer services, and Ant Financial Services Group, one of the leading digital financial services providers and parent company of Alipay, a global mobile payment platform, inked a deal to merge. The transaction will connect MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts and 350,000 physical locations…