The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. “In the U.S., bodies such as EMVCo, The Clearing House, and card networks, are focusing...
The District Attorneys of Los Angeles and San Francisco are threatening three prominent mobile ride services—Uber Technologies, Lyft and Sidecar—with injunctions and accused them of violating California law. The accusation is that the services are “misleading customers about how thoroughly (they) check the criminal backgrounds...
Apple Pay may be the catalyst that mobile payments needed to get the payments ecosystem cranking, but that’s not all it did. It’s launched a whole new focus for the largest payments network in the world – tokens and data. Visa’s mobile chief, Bill Gajda,...
The Magic of the Camera Phone in Mobile Payments Anyone who has ever taken a picture of a check, credit card or license in order to process a payment or pay a bill has used Mitek’s mobile imaging software. Mitek’s been at the forefront of...
A tweet is about to joins pennies, eyelashes and stars on the list of things one can wish on. As a bonus, due a recent partnership between Amazon and Twitter, those commerce-based wishes made on tweets have a slightly better chance of coming true that...
If imitation is the sincerest form of flattery, than the brothers Sawmer (Marc, Oliver and Alexander), the three founders of Germany’s Rocket Internet, are the worlds most accomplished and sincere flatterers. Rocket is famous for taking successful, but exactly trademark or patentable, e-commerce ideas from...
Last month, Amazon officially entered the mPOS market with Amazon Local Register, focusing on helping the local retailers get local sales data and, in turn, feed Amazon and use its platform offline. How big of a dent will the e-commerce giant make in space, and...
Apple Pay continues to roll on toward universal availability and it has made a big staff acquisition to move that process along in Europe. Mary Carol Harris has left her position as Visa Europe’s director of mobile to work for Apple, according to reports that...
For those investors hungry for some tablets-in-restaurants payment action, E La Carte offered some apparently tasty shares as it raised $35 million for a global expansion. “Previous investors Intel Capital and Romulus Capital returned to lead the round, which also included commitments from angel investor,...
