As I mentioned when I was discussing crime a couple of weeks ago, I’m surprised that this sort of thing doesn’t happen more often. Armed robbers broke into a cryptocurrency trader’s house in England and threatened him and his family until he transferred his Bitcoin to a wallet under their control. Now, if robbers broke into my house and threatened my family and made me PingIt my overdraft to them, I’d have some hope that a combination of Barclays Bank and Surrey Police might do something about it.
new survey results from USA Technologies (USAT) suggest. The payments technology company, which enables electronic payments for self-service machines, compared consumer spending activity at 35 of its vending machines in urban areas with a high concentration of iPhone users between week one and week four of the installation of new digital signage promoting Apple Pay. Consumers made more contactless purchases: The vending machine providers saw an average contactless transaction revenue increase of 89%, implying that consumers are making more mobile payments. This was likely driven by the clear advertisement of Apple Pay. Total transactions increased: Consumers made more purchases overall. This was probably driven by an uptick in mobile payments, given the major increase in contactless transaction revenue. And the vending machines may have attracted many first-time users who were drawn in by the digital advertising of Apple Pay. Boosting awareness is key to unlocking pent-up demand amon...
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