Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
September 17, 2014  |  International

China’s central bank has punished four payment processors for mishandling bank-card transactions. The processors — ChinaPNR, Fuiou, Yeepay and VBill — will stop doing business...

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Diapers.com Founder Raises Big Dollars To Get Back To Competing With Amazon
Diapers.com Founder Raises Big Dollars To Get Back To Competing With Amazon
September 17, 2014  |  Merchant Innovation

The old saying goes: if you can’t beat ‘em, join ‘em.  Diapers.com parent company (Quisidi) founder Marc Lore, who sold Diapers.com to Amazon for $550...

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Google Trying To Crack Payments Problem To Ignite Gaming
Google Trying To Crack Payments Problem To Ignite Gaming
September 17, 2014  |  Merchant Innovation

To reach every corner of the world with the games on its Android platform, Google is thinking about how people pay, according to VentureBeat. Get...

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Debt Collection StartUp Gets Boost From Khosla and Max Levchin
Debt Collection StartUp Gets Boost From Khosla and Max Levchin
September 17, 2014  |  Alternative Finances

Debt-collection startup TrueAccord was launched after co-founder Ohad Samet started getting phone calls at random times from a number he didn’t recognize — which turned...

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Apple Pay’s NFC Not Available To Anyone But Apple (Now)
Apple Pay’s NFC Not Available To Anyone But Apple (Now)
September 17, 2014  |  Apple Pay

Apple has locked down the iPhone 6’s NFC chip, which it uses for Apple Pay mobile payments, and it can’t be used by any other...

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Taking a “High-Speed Elevator” to Retail’s Future
Taking a “High-Speed Elevator” to Retail’s Future
September 17, 2014  |  Exclusive Series

Retailers are dealing with a “tripod” situation, says Rahul Mutha, CEO of Aurus Inc. The challenges of addressing EMV, breaches and the changing demands of...

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PayPal Safe From Apple Pay’s Impact Short Term
PayPal Safe From Apple Pay’s Impact Short Term
September 17, 2014  |  Apple Pay

Investors may be concerned about the threat that Apple Pay poses to eBay’s PayPal unit, but the impact may be less negative than many assume,...

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Whole Foods To Launch Rewards
Whole Foods To Launch Rewards
September 17, 2014  |  News

Whole Foods is testing a loyalty program, something the grocer has resisted for more than 30 years, Bloomberg reported. Get the Full Story Complete the...

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