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Pressure Mounts on Retail Store Networks | IoT | CRM | Digital Marketing | Smart Payments | Technology | FinTech

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Category: Mobile News
10 December 2018

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The Future of Fintech Video Series: Paysafe

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Category: Mobile News
10 December 2018

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The Future of Fintech Video Series: Greenlight

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Category: Mobile News
10 December 2018

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Amazon targets airports for cashierless store expansion: report

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Category: Mobile News
07 December 2018

Dec. 7, 2018

The Amazon Go cashierless store concept may be moving into airports as the powerhouse omnichannel retailer is reportedly evaluating airport location options.

The news, according to a New York Post/Reuters report, is the latest expansion of the concept which began with one Amazon Go store in Seattle. This year Amazon opened seven of the stores across Seattle, San Francisco and Chicago.

Amazon Go offers Amazon Prime members a cashierless shopping experience via computer vision, sensor fusion and deep learning technologies. Products are detected and placed in a virtual cart as shoppers move them into their baskets. Once done shopping consumers can just walk out of the store as Amazon then charges their Amazon account and emails a receipt.

Reuters, citing public records and people familiar with Amazon’s strategy, reported Amazon is assessing "top" U.S. airports, including Los Angeles International and San Jose International. Amazon declined to comment to Reuters.

The Wall Street Journal previously reported that Amazon is testing its automated checkout technology at larger stores in Seattle. The initial Amazon Go store in Seattle opened as a beta experience available to employees only.

Topics: Mobile/Digital Wallet, POS, Retail

Companies: Amazon

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Mastercard seeks patent for anonymyzing blockchain applications

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Category: Mobile News
07 December 2018

Dec. 7, 2018

Mastercard has filed a patent application for a method of anonymizing transactions on a blockchain. The solution would "increase the anonymization of a wallet and the user associated therewith," according to the application.

The patent states that it currently is possible to determine the identity of a cryptocurrency user by analyzing and viewing transactions for a specific blockchain wallet. Mastercard's solution anonymizes the transaction itself and thus hides the actions of the wallet.

According to the wording of the patent:

The methods and systems discussed herein use intermediary addresses to obfuscate the source and destination of funds for transactions conducted via the blockchain, which would result in showing the user only transferring funds to and receiving funds from a small number of addresses that are also involved in a significantly large volume of transactions with various other users.

This method would hide sensitive data and obscure the amounts sent by using multiple transfers involving multiple addresses, the patent filing said.

Topics: Bitcoin, Mobile/Digital Wallet, Regulatory Issues

Companies: MasterCard

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  3. NCR completes acquisition of payments firm JetPay for $184M
  4. BitGo names Corcoran as CEO of crypto storage unit
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