Iot

Standard Cognition has opened its first cashierless store to the public on Market Street in San Francisco and it’s testing the concept by selling an assortment of food and household products for consumers to purchase and pay without scanning or stopping to check out.

Counter to the trend — pioneered by Amazon — of launching cashierless technology in small stores to keep traffic under control, the U.K. supermarket chain Sainsbury’s has launched a trial of cashierless mobile shopping in one of its busy London stores, Clapham North Station Local.

By transforming a traditional treasury into a cashless economy, cities will open the doors to wider and faster adoption of more complex smart city innovations, writes Sumeet Puri, senior vice president and global head of systems engineering at Solace.

Amazon Go may be stealing the spotlight, but it is far from alone in the rush to revolutionize in-store checkout through the use of sensors, scanners, mobile devices and more.

Sydney-based fintech Inamo has found demand for wearable payments in Australia and is on track to launch a pilot in the U.S., where uptake of wearable payments has been slow.

While mass transit has long been seen as a potential catalyst for changing payment habits, it's apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation.

As smaller screens and internet-of-things devices become more prominent, credit providers will have to find a way to accept personal information without the convenience of a terminal and keyboard.

Though it’s still early in the development of voice assistant technology, researchers are getting a sense of who’s most likely to use voice commands for shopping and payments.

Maybe it's coincidence, or maybe it's progress — in recent weeks, a number of large payment networks have suffered brief but widespread outages, particularly in Europe.

On the surface, the Uber-Venmo partnership sounds like a coup for Venmo, getting its brand into the app that defined the ride-sharing category. But the partnership is a much bigger deal for Uber.

If it seems there's a little bit of Disney magic in Carnival Cruise Lines' Ocean Medallion, it's because the executive overseeing the Carnival project cut his teeth on the Disney Magic Band.

The Prime Day event is also a chance for Amazon to showcase a new range of devices and payment options — and to sell those devices at a discount to get them into more people's homes.

It will be the third collaboration together for the new CEO and CTO at Pivotus Ventures.

The graveyard of defunct all-in-one startups includes companies like Coin, Swyp, Stratos and Plastc. But whenever one of these companies failed, its technology simply moved on to a new owner.

Companies of all sizes have attempted to serve kids and teens with prepaid cards or digital wallets with parental controls, but there are very few success stories. GoSave's twist is that it doesn't make a card or an app the focus of its experience.

For stores that don't want such a high-tech makeover, options for automatic checkout options are being built on a much simpler foundation.

U.S. Bank is firmly committed to voice assistant technology, but remains cautious about enabling all forms of money movement via verbal commands.

HSBC is the first bank in the U.S. to deploy SoftBank's lifelike Pepper robot in a branch to help customers learn about bill pay, remote check capture and even ask the weather — but in Pepper's current iteration, it won't take deposits or payments.

PayPal is spending billions on M&A to throttle the heightened competition it faces from the likes of Square and Stripe.

From the opportunities — and threats — in artificial intelligence to envisioning a world in which "Wi-Fi is like air," here is what everyone was buzzing about at American Banker's Digital Banking conference.