Alibaba is discovering that the Chinese and U.S. E-Commerce marketplace present their own set of challenges, particularly when looking at the urban versus rural market audiences, but the Chinese E-commerce giant believes tapping into a niche market, like farmers, can help boost its online users and sales growth....
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. Get the Full Story Complete the form to unlock this article...
Small-merchant loyalty program startup Thanx launched on Tuesday (Nov. 4) with $4.7 million in funding from Sequoia Capital and partnerships with Visa, MasterCard and Apple Pay — making it the only rewards provider that works with Apple’s mobile payment system, according to TechCrunch. Get the...
Best Buy is reportedly switching its credit-card processing partner to Visa from MasterCard, according to Bloomberg. Visa CEO Charles Scharf told analysts during an earnings call last week that “we’ve agreed to terms to move a significant consumer credit co-brand from a competitor to Visa,”...
With Apple Pay and its fight with big-retailer-backed CurrentC grabbing headlines, San Francisco mobile-payments startup Kash thinks it can win over merchants by reducing interchange fees while dodging a requirement for NFC-enabled phones. The company said on Tuesday (Nov. 4) it has raised $2 million...
As companies get increasingly nervous about data security on B2B transactions, the PCI Council is offering some guidance about the need for merchants to better train employees and increase awareness about security protocols. Get the Full Story Complete the form to unlock this article and...
Heartland Payment Systems‘ third-quarter earnings Friday (Oct. 30) coincided with the announcement that it would be acquiring Xpient Solutions, a enterprise-level restaurant POS software service — a move that CEO Robert Carr said would better position Heartland continuing growing the core of its business. Get the...
A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the other not doing enough to defend against cyber attacks and other payment card data threats. Get the Full Story Complete...
Although Starbucks CEO Howard Schultz said his coffee company has already found the recipe to capture a loyal base of mobile customers, he said the launch of Starbucks’ mobile order and pay app in December will be the single-most important technology innovation introduced by the...
