McDonalds is now reporting that Apple Pay is the payment mechanism behind 50 percent of all of its tap-to-pay transactions, which is more impressive than it sounds given the many years McDonalds has been accepting contactless payments. McDonalds has also been creative–although possibly impractical–about taking...
Despite Visa and MasterCard still struggling to get into the Chinese market, Apple has found one way, working out an agreement with UnionPay to make it easier for Apple apps to be purchased there. In exchange, Apple will let Chinese consumers pay with UnionPay for...
Contrary to recent inviting signals from Chinese Premier Li Keqiang, executives with MasterCard and Visa are finding it increasingly difficult to get permission to do business in China. “Despite a World Trade Organization directive putting China on notice to open its bank card market by...
“When the going gets tough, the weird go pro.” Hunter S. Thompson “Gonzo journalist” Hunter Thompson sure captured the week in payments with that sentiment. Sometimes, it’s an absolute banner week in payments news. Other weeks are slow (but not lately, thanks to Apple Pay)....
Been a tougher than normal week for Apple, as some news about a Chinese malware called “Wirelurker” snagged headlines and gave the world a glimpse into the future of iOS security concerns, a future that could be called “Masque Attack.” Also Apple Pay’s competition seemed...
TSYS announced a new licensing agreement with predictive analytics and decision management software company, FICO, according to TSYS release.
At fashion designer Rebecca Minkoff’s store in New York’s fashionable Soho district, a dressing room has a digital mirror that identifies garments, makes accessory recommendations and can summon sales associates to bring in that garment in alternative colors and sizes. But what makes this digital...
PYMNTS.com Bitcoin Price and Volatility index. Bitcoin Tracker | Week 49 And it’s back!!! Well, just a little bit. Bitcoin prices increased this week a smidge as innovators absorbed a little bitcoin energy with the announcements of new, easy to use trading exchanges, bitcoin wallet...
When the telco-based mobile wallet ISIS (from AT&T, Verizon and T-Mobile) recently changed its name to Softcard, it was done partially to distinguish itself from the al-Qaeda offshoot terrorist group with the same name, standing for the Islamic State of Iraq and Levant. But the...
