Hudson’s Bay and its Lord & Taylor sister chain are the latest retailers to embrace beacon, following Walgreens, among many others. The July 28 announcement from the HBC Department Store Group—which owns both chains—is that the chains will be using Swirl to coordinate Bluetooth and...
Hony Capital, one of China’s largest private equity funds, has invested $50 million in cloud and mobile commerce enabling firm Deem, which recently under went recapitalization financing led by Point Guard Ventures along with various mutual funds. Deem connects a network of over 17,000 buyers and...
Sunstone Capital’s Max Niederhofer thinks Beacons are the next big thing in computers—and he isn’t afraid to put his venture capital dollars behind his beliefs. “We think this is a rapidly growing, potentially very large market with high margins, in which you can build...
It’s not who you think. Of the 13M internet users in South Africa, the majority go online via their mobile devices. PYMNTS got the scoop from MasterCard’s Head of Emerging Payments for the Middle East and Africa, Aaron Oliver, to understand what makes the South...
According to a recent study by the UK Payments Council, a new UK payments service has caused the nation to become the leader in mobile payments around the world. P2P Paym service, launched in April of this year, is believed to be the cause of...
Road signs could soon warn, “no shopping while driving” as mobile messaging app WeChat launches an in-app mobile shopping store with Yoox.com for its 400 million users. The partnership will not only provide users with a new mobile shopping tool, but also real-time customer support...
Retail associates are trained to be helpful, cooperative and flexible to try and bring in sales. Payment security folk might want to remind them “Not when it comes to payment.” That’s the lesson learned by Apple store—as well as car rental and hotel—employees in 16...
Now we know. Visa plans to be as dominant in the digital world as it is in the physical card world today. Charlie Scharf, Visa’s CEO, laid out Visa Digital Solutions, to the world during yesterday’s quarterly earnings call also acknowledging that Visa needs to...
Malauzai Software announced earlier this week that it partnered with Boston-based Trusteer, to provide an integrated solution that is being used by Customers Bancorp, Inc. to strengthen the security of its mobile banking application. According to a Trusteer press release, the solution provides end users...
