The PayPal/EBay separation is a story of contradictions. eBay says that the fast pace of the payments space—and the huge recent changes (Apple Pay and Alibaba’s IPO)—require a move right away: So they’re saying that they will separate by the end of 2015. The eBay...
Supervalu has discovered a second data breach—a “separate intrusion” potentially launched by a different sets of cyberthieves—that hit many of its grocery stores. The chain did, however, report a silver lining: Security upgrades from the first attack minimized damage from the second attack. But it...
Apple Pay’s U.S. business model is based on issuers giving it a rebate on the fees they collect from merchants. But what happens when those fees are really low and headed lower? That’s Apple’s issue in Europe as it looks across the pond to find...
When versions of iOS 8.1 were released Monday (Sept. 29), they included hidden settings for Apple Pay, according to a report in MacRumors. Given that Apple Pay has been announced, the existence of the settings is not surprising. It’s also not surprising that the settings...
In a move that could help solidify its status as the go-to payments power behind social media’s expansion into e-commerce, Stripe has been named Facebook’s partner in developing it’s “buy” button. Stripe signed a similar deal with Twitter earlier this year. Facebook has been experimenting...
What a payment represents in 2020 will be much different from it does today, as it will represent much more than just the settlement of a transaction or the movement of funds. In fact, the market transformation has already begun, new research results suggest. Indeed,...
There’s more reported fallout from the databreach at sandwich-chain Jimmy John’s, with some 100 new restaurant victims identified and a confirmation from the chain that “an unauthorized person gained access to a user name and password that Signature Systems used to remotely access POS systems.”...
The Federal Reserve Banks of Boston and Atlanta applaud the many efforts to standardize payment tokenization, except the part that there are in fact so many such efforts. The potential for confusion and, much worse, standards conflicts undermining token efforts—especially in mobile—is a great concern...
It can seem in the three weeks since Apple Pay has rolled out, that the payments ecosystem has been in a competition to win the title of “Most Enthusiastic Apple Pay fan;” a competition that ensued when a certain Cupertino company entered the mobile payments/NFC...
