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...
North American Bancard CEO Marc Gardner is not a big fan of shopping at large national retailers, saying that he much prefers a local boutique where personalized customer service is a much higher priority. The problem is that when he looks at his PayPal mobile...
Commerce is going universal. As online, mobile and physical shopping increasingly mesh together, merchants are seizing their chance to deliver a holistic customer experience via multiple channels and mobile devices. One way to go about this strategy is by taking advantage of hyper-local commerce, according...
Just another Tuesday in September. In case you missed it, big news was made Tuesday (Sept. 30) in payments-land. eBay and PayPal will split and become two separate, publicly traded companies sometime late in 2015. There will be two new CEOs of these companies –...
