While nearly three-quarters of retailer are planning to develop the capacity to identify customers when they walk in the store via their smartphones is a top priority for retailers, at present only 3 percent have the ability to do so right now, according to a...
Banco do Brasil Amercas has partnered with payment processing and commerce solutions provider i2c, Inc. to launch a prepaid EMV card. According to an i2c press release, the BBA Prepaid Card supports both EMV chip and magstripe technology. The card is also reloadable and allows...
Last week’s Apple WWDC keynote has prompted a bunch of Monday morning quarterbacking with respect to Apple’s plans for devices, software and even payments. Although Tim Cook’s and Craig Federighi’s keynotes were devoid of any direct reference to how Apple would pursue “payments,” (even disappointing...
Online to offline (OTO) retail start-up Bindo has just taken in $1.8 million is an oversubscribed seed funding round. The company offers an iPad Point of Sale (POS), or checkout system that allows merchants to manage inventory and customer relationships through a cloud-based payment platform....
While the rest of the retail sector’s growth is sluggish, electronic shopping continues to pick up steam, according to new U.S. Census Bureau statistics. Going by the County Business Patterns: 2012, the number of electronic and mail-order shoping establishments grew by around 27 percent during 2012,...
David Marcus, the head of eBay’s payment service PayPal is moving on to “friendlier” pastures as he becomes the head of Facebook’s messaging products. This move follows Facebook’s $19 billion acquisition of messaging service What’sApp earlier this year. “We wish David well and thank him...
Apple’s WWDC showing sort of got PYMNTS people talking about Karen Webster’s piece on Apple’s potential mobile payments ambitions. So did reports that small merchants may be turning their backs on EMV for mobile and merchants taking the debit card fight to the Supremes (we...
As merchants consider their options leading up to next year’s EMV liability-shift deadline, they are faced with the choice of upgrading their POS equipment, or wait and risk the fraud consequences while using the money to promote mobile-based initiatives. Their risk, however, also lies in...
A new service from Royal Solutions Group backed by Chase Paymentech can help healthcare providers secure payments at the time of service, thus reducing or eliminating invoicing costs while improving cash flow. The service also follows a trend where health care providers increasingly are working...
