What’s holding mobile payments back this holiday season?


first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Why aren’t smart phone users paying at stores with their phones? The short answer to this complex question is user loyalty incentives that integrate with a centralized mobile payment hubs and education on the security standards of mobile payment systems.Only 14 percent of U.S. adults with a smartphone or similar device plans to make even one purchase using mobile payments during the holiday season, according to personal-finance website Bankrate. Over the past year, only 28 percent of smartphone users made a mobile payment, according to the Federal Reserve.Part of what’s holding mobile payments back is there is a generational gap. The newest generation of shoppers, Millennials, are more comfortable making mobile payments than older generations. According to a report by the Consumer Technology Association, 70 percent of respondents between the age of 18 and 34 used a form of mobile payment, compared with 46 percent of respondents over the age of 35. Additionally, 35 percent of respondents between 18 and 34 years old say they’re comfortable replacing all forms of payment with mobile payments, compared with 27 percent of respondents over the age of 35.“Millennials rely on technology to allow them to shop in the most personalized and convenient way, and they’ll remain loyal to the brand that recognizes them for their loyalty status,” Don Yee, vice president at Boston Retail Partners, said. “In a way that loyalty will inspire them to spend more on a shopping trip and shop more often.” continue reading »last_img read more

AC Milan to offer two players in swap for Lucas Torreira as Arsenal identify replacement


first_imgAdvertisement The former Sampdoria midfielder is thought to be keen on a return to Italy (Picture: Getty)AC Milan are prepared to offer two players to Arsenal in exchange for Lucas Torreira, though any deal will be dependent on the Gunners signing a replacement first.While the Uruguayan is not agitating for a move away from the Emirates this summer, he is open to returning to Italy and would be keen to reunite with old Sampdoria boss Marco Giampaolo at San Siro.But Arsenal would expect a big profit on the £26m they paid for Torreira last summer if they are to let him leave, and Milan will struggle to meet those demands. Rodriguez, who is still only 26, laid on three assists in 35 Serie A outings last season (Getty)Gazzetta also report that Arsenal will only let Torreira leave if they land a replacement first, and the Gunners have identified Real Madrid’s Dani Ceballos as the ideal successor.The Spaniard is highly rated by Emery and Real need to sell after splashing the cash on signings this summer; the Liga giants want £45m, though a compromise will likely be found, and the prospect of bringing in both Rodriguez and Ceballos could tempt Arsenal to let Torreira go.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Torreira recently revealed his struggles in adapting to life in England (Picture: Reuters)According to Italian newspaper Gazzetta dello Sport, the Italian club are therefore willing to include two players in a deal: midfielder Franck Kessie and left-back Ricardo Rodriguez.AdvertisementAdvertisementADVERTISEMENTMilan’s willingness to include Kessie in a deal has already been reported, though the Serie A side’s valuation of around £35m – coupled with Arsenal’s interest in other midfielders – could prove to be a stumbling block.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe Rossoneri are more optimistic about Rodriguez being accepted as part of a player-plus-cash deal, however, with Milan ‘convinced’ that the player is exactly what Unai Emery is looking for.Arsenal are in the market for a new left-back this summer, with Nacho Monreal expected to leave, and Rodriguez’s attacking intent and versatility – also capable of playing as a wing-back – is a good fit for Emery. AC Milan to offer two players in swap for Lucas Torreira as Arsenal identify replacementcenter_img Metro Sport ReporterWednesday 26 Jun 2019 10:07 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link857Shares Comment Advertisementlast_img read more