Now in its 4th year, TSYS Consumer Payments Survey had its share of surprises. Like consumers now prefer credit to debit when shopping online and rewards will get them to switch to a new card issuer. Sign of the times (people feeling better about credit...
Officials with the not-yet-launched CurrentC mobile payment app from MCX have started trying to defend their app from comparisons with Apple Pay, saying that many of the unkind comments about CurrentC are not true. MCX COO Scott Rankin told USA Today, for example, that reports...
When Apple insists on its cut from Apple Pay transactions, it’s not kidding. According to details from a leaked copy of the contract, Apple can request a written certification that the amounts are accurate and if they dispute it, they get to hire an auditor....
A new, flashy and powerful competitor entering any arena can have any number of effects on the gladiators already slugging it out, a situation that the announcement and launch of Apple Pay has illustrated in real-time in payments over the last ten or so weeks....
A “major flaw” has been discovered within Visa contactless cards, where thieves in the U.K. were to sidestep a £20 limit and charge as much as £999,999.99 as long as they chose the option to select a foreign currency, according to a report in The...
Whoever said there’s no such thing as bad PR obviously wasn’t on the receiving end of the whooping that Rite Aid, CVS and CurrentC took last week over their decision to turn off support for Apple Pay in their stores. It’s unlikely that anyone thinks...
Physical retail’s predicament is summed up by Mark Twain’s often misquoted adage that reports of his death had been widely exaggerated. Despite the myriad advances and expansion of e-commerce, consumers continue to do the majority of their shopping in physical locations. More over, notes Mike Kercheval,...
Apple can now add a new wonder to the collection brought to consumers by the introduction of the iPhone 6 and Apple Pay – iOS is now ready to feed customers. Not literally, though that is likely in development, but instead by enabling payment at...
Q3 shaped up to be a tough quarter for Groupon – the online discount merchant turned e-retailer suffered a loss of $21.2 million, or 3 cents a share, compared with a year-earlier loss of $2.6 million. Revenues, however, were on the upswing – Groupon saw revenue...
