Back in March, China bans using QR Code for payments, but that may end shortly, according to a report in Mobile Commerce News. The initial ban from the Central Bank was issued because of security concerns. The story reports that rumors of the ban’s imminent...
Square has closed $150 million in new venture financing, bringing Square’s current value to about $6 billion, the New York Times reported Sunday (Oct. 5). The new financing round was led the Government of Singapore Investment Corp.—a new investor—and included Goldman Sachs and Rizvi Traverse...
Samsung is making its NFC payment move in China, in a deal with UnionPay, China’s largest payment card firm. “The Shanghai-based card company said UnionPay’s NFC payment system can be used by more than 3.6 million Samsung smartphones in China, including the Galaxy Note 4,...
There’s no doubt that Apple Pay has a lot going for it. It’s the payment method birthed by a beloved consumer brand and technology giant, it has the backing of the biggest payments players on the planet and it has those same players using their...
Nine financial institutions—above and beyond Chase—were “also infiltrated by the same group” that attacked Chase, a group “thought to be operating from Russia and appear to have at least loose connections with officials of the Russian government,” the New York Times reported. “It is unclear...
MasterCard Thursday (Oct. 2) announced the launch of SafetyNet, which it said was a preemptive security system “to identify potential attacks before they start and in some cases before the bank or processor is even aware.” The card brand said SafetyNet “is complementary to the...
Digital River, a commerce-as-a-service vendor, on Wednesday (Oct. 1) said that it would support Apple Pay on its mPOS line. “Today’s merchants are looking for support for emerging payments beyond magnetic stripe,” said Souheil Badran, senior vice president and general manager of Digital River World...
Bill Gates thinks Apple Pay is a powerful move forward for the payments space and anticipates it will set in motion a wide range of positive developments. In a Bloomberg TV interview, Gates said Apple Pay shows what is possible. “Apple Pay is a great...
Victor Ho, the CEO of 3-year-old loyalty firm FiveStars, has become a veteran of the capital-raising game as he has built his firm to support more than 5,500 merchants and about 4 million cardholding shoppers. Beyond learning that it’s true that one can’t raise money...
