Flexible Finance Loans (FFL) has put out a call offering to buy any unused gift cards and merchandise credits through a partnership with GiftCardBin. A press release from the alternative finance business explains that Americans spending a whopping $65 billion in gift cards each year,...
Arnie is a beagle that likes to eat cash. Arnie lives in Largo, with his owners Corey and Hope O’Kelley. The O’Kelleys first discovered Arnie’s expensive taste for rich foods seven years ago, the Tampa Bay Times says, when he ate $150 off of the...
Norway, South Korea, and Nigeria are among the notable competitors in what MasterCard is calling the “race to a cashless society.” In honor of the Olympics, MasterCard has identified eight nations “competing” to achieve a cashless commerce system, with five continents represented. Read the full...
Nebo Djurdjevic is CEO at Cardis International, a payments company based in the Netherlands that’s hoping to disrupt low-value payments. At its core, Cardis attempts to reduce per-transaction costs for low-value payments by aggregating them together into one transfer — but there’s much more to the...
Visa is set to replace 27 ATMs placed across the Summer Olympics campus with eight of its own machines, Finextra reports. Visa is an Olympic sponsor. Last year, Visa leveraged its sponsorship to restrict Olympics ticket purchases only to Visa cards, the report adds. Read...
DirectCash Payments Inc., a Canadian provider of ATMs, debit terminals, and prepaid phone and cash cards, acquired Australian-based Customers Ltd. for $176 million. Both companies have similar core competencies. Once the acquisition is completed, the combined entity will have ATM operations in Canada, Australia, New...
Paper money continues to be the dominant medium of exchange for global commerce. But executives at MasterCard can already see a cashless future on the horizon. Read More
The Wall Street Journal ran an interesting piece recently on the cost of cash, and how the U.S. government hopes to save a few greenbacks by changing up money production. Read More
The Wall Street Journal ran an interesting piece this morning on the cost of cash, and how the U.S. government hopes to save a few greenbacks by changing up money production. The most jarring note: pennies (2.4 cents) and nickels (11.2 cents) cost more than...
