The days of old school wire transfers may be numbered, as Western Union announced yesterday (Jan. 27) it will now accept Apple Pay at its “flagship locations” and affiliated outlets. The decision comes after internal surveys showed that migrants — the major demographic of Western...
With Alibaba last week having gone through the largest initial public offering in U.S. history, expect continued growth in international eCommerce trade coming out of China. Alibaba already is saying it wants to create more online sales between China and other Asian businesses and consumers,...
U.S. consumers who conducted holiday shopping at Amazon or L.L. Bean were the most likely to be satisfied with their experience this past holiday season, ForeSee’s newly published E-Retail Satisfaction Index indicates. Released on Jan. 7, the 61-page report drew from more than 67,000 customer...
US Bank released a YouTube video on December 16, revealing that the bank is developing an instant shopping app. The app allows consumers to take a picture of a product in a magazine or on TV and, after searching for it, finalize a purchase. Users...
At this point, it’s safe to say that EMV isn’t exactly a sexy solution. The standard put in place by Europay, MasterCard and Visa in the 2000s as a way to fight fraud at the physical point of sale has lost much of its luster...
The Consumer Financial Protection Bureau (CFPB) has announced that it is ordering GE Capital Retail Bank to refund $34.1 million to CareCredit medical credit card customers due to what it called deceptive enrollment tactics, The New York Times reported on December 10. The media outlet...
Despite faster, more secure and less costly alternatives, many U.S. employers continue to rely on checks and paper remittances when paying employee healthcare expenses. In fact, recent studies suggest check payments account for as much as 1.75 billion in healthcare payments annually. However, navigating away...
By Pete Rizzo (@pete_rizzo_) Seventy percent of the roughly $2.7 trillion in annual healthcare spending in the U.S. can be directly attributable to one thing – No, it’s not Obamacare or hospital inefficiencies, though both influence the process. Rather the Centers for Medicare & Medicaid...
A new report from the Canadian Institute for Health Information (CIHI) has found that the number of payments made to physicians by provinces and territories rose by 9 percent from 2011 to 2012, The Canadian Press reported on September 26. This figure was higher from...