In a recent conversation with Fortune, American Express CEO Ken Chenault spoke about the future of commerce, which he believes is mobile. According to Chenault, mobile payments represent a $25 trillion dollar a year opportunity, with five major players—Google, Apple, Amazon, Alibaba and Facebook. Chenault also...
In an attempt to push personalized coupons on customers with smartphones, Walgreens has announced it is piloting an iBeacon test program in Duane Reade locations across New York. The iBeacons launch is tied to to Walgreen corporate goal of creating a mobile strategy that is...
Western Union had a mixed first quarter in 2014, reporting both a drop in net profits but an uptick in revenue in 2014. The Colorado-based money transfer service reported first-quarter net income of $203 million, which represents 4 percent from $212 million in the first...
MasterCard posted favorable first-quarter numbers, but questions arise about pending legislation in both Russia and Europe that could affect card brands and pricing. Learn what MasterCard CEO Ajay Banga told analysts when asked about the impact to MasterCard’s future.
FIS is starting 2014 with a strong quarter and is making plans to serve under-banked mobile customers.
Hmm. While overall smartphone shipments jumped 33 percent for first three months of the year, competition from second-tier smartphone providers cut into industry leader Samsung’s market share for the first time since 2009. Check out how Apple and other handset manufacturers fared.
Fuel card provider FleetCor announced two international deals while reporting strong first quarter earnings at market close yesterday. One of the deals, involving Shell in Germany, gives the company a needed presence in continental Europe as it looks.
Every day, countless brunches, lunches and dinners with friends are spoiled when a group of ostensibly intelligent people suddenly realize that they do not know how to split a check. At best waitstaff are inconvenienced, at worst lifelong relationships. PayPal and Israeli start-up my check...
The application allows customers to safely store eligible payment and gift cards on their smartphones and make purchases directly from the phone by simply holding it up to contactless payment terminals.
