Jason & Scot Show Episode 41 Payments Deep Dive

A weekly podcast with the latest e-commerce news and events. Episode 41 is a deep dive into digital payment options.

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Key considerations when looking at Digital Payment Options:

  • Ability to support all the payment types your customers want to use (brands of cards, store cards, debit, ACH)
  • Size of vendors current user base and overlap with your customer base (will you be accessing an installed base of users from your vendor, or will you be onboarding your customers to the vendors platform).
  • Ability to integrate digital receipts and post purchase experience
  • Ability to integrate coupons, offers, promotions, and loyalty programs

In Browser

In-App

In-Store

Device

Apple Pay

Coming (limited)

Yes

Yes (NFC)

Android Pay

Yes

Yes

Yes (NFC)

Samsung Pay

No

Yes

Yes (NFC)

Bank

Chase Pay

Yes

Yes

Yes (Camera in POS)

Retailer

Starbucks

Yes (other product)

Yes

Yes (Camera in POS)

Amazon

Yes

Yes

Only in Amazon Book store (Camera in both POS and phone)

Walmart

Yes (other product)

Yes

Yes (Camera in phone)

CVS

Unknown

Yes

Yes (Camera in POS)

Other

Paypal

Yes

Yes

Limited

Visa Checkout

Yes

Yes

Yes (other product)

MasterPass

Yes

Yes

Yes (other product)

Note:  Jason incorrectly referred to Merchant Customer Exchange (“MCX”), the joint retail consortium creating it’s own payment method,  as “WMX”.  They have canceled their plans to launch their own mobile payment system and have reduced their staff, but they are still operating and pursuing other partnerships.

Google Handsfree – Payment pilot in San Francisco Bay Area, currently a separate effort from Android Pay

Checkout the @retailgeek instagram feed for a library of images showing the (confused) state of chip & signature in the US.

Money 2020 Tradeshow – October 23-26th in Las Vegas

PYMNTS.com website – Great source for payment industry news

Disclosure:  Samsung provided the Galaxy S7 Edge smartphone that was used to test Samsung Pay and Android Pay.

This episode is sponsored by the National Retail Federation.  The Jason and Scot show will be live podcasting at the NRF/shop.org digital summit 2016 which is in Dallas September 26-28th this year.  We have a custom discount code for our listeners. The code is JASON&SCOT, you will get a 10% discount on the full conference fee. Visit  retailsdigitalsummit.nrf.com to enter the code when you register for the show and we’ll see you there!

Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes.

Episode 41 of the Jason & Scot show was recorded on Tuesday, August 17th, 2016.

 

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