Earlier this week, Amazon announced that it was going to begin managing subscription payments, which will allow the online marketplace provider’s active users with stored credit cards on its site to pay for phone, digital music and other monthly subscriptions. But what exactly does this...
Amazon.com on June 9 opened access to its Login and Pay with Amazon feature by enabling the 240 million cardholders in its database to pay recurring subscription bills from participating merchants. PayPal and Apple already support subscription-based payments, and some believe Amazon had to follow...
New York’s banking regulator is targeting BNP Paribus for conducting business with countries such as Sudan, which the U.S. has sanctioned for its alleged support of terrorists. The regulator, Benjamin Lawsky, wants to force BNP to discontinue its dollar-clearing business. That could leave companies relying...
While 90 percent of small businesses have a presence online, only 10 percent can leverage it into sales. Moreover, while small and midsize business owners say they think about moving their account receivable, accounts payable and payroll functions into an electronic instead of paper-based system,...
In a recent blog post, several FTC staffers noted that the changing competitive landscape online commerce is creating is affecting the agency’s examinations for potentially anticompetitive deals. Sometimes, though, the competitive influence of two merging companies still can be determined by looking at only one...
Several recent reports on private-label credit cards show a market that, like most loan-based products, fell considerably during the recent recession. But signs are pointing up these days, as merchants and the owners of their card portfolios are back to positive growth.
A dramatic shift is underway in the currency U.S. companies use to trade internationally, especially with China, new data show. Increasingly, U.S. firms are settling trades in China’s renminbi instead of the U.S. dollar. Though the U.S. currency still dominates trade in the China/Hong Kong...
Adapt or die. It’s a simple enough phrase, usually associated with evolution of living organisms. However, it’s a mantra that is becoming more of a reality for organizations in the third-party logistics (3PL) industry.
Apple’s WWDC showing sort of got PYMNTS people talking about Karen Webster’s piece on Apple’s potential mobile payments ambitions. So did reports that small merchants may be turning their backs on EMV for mobile and merchants taking the debit card fight to the Supremes (we...
