Apple has reportedly negotiated deals with several leading issuers to extend card present rates to Apple for all transactions involving their cards with Apple’s new mobile payments scheme. On top of that concession, they have agreed to give Apple back part of the card present...
It wasn’t long ago that this time year was the chance for preppy students to show off their ability to stay hip by wearing the latest fashions in back-to-school dress. Clothing, however, apparently isn’t as fashionable these days as having the latest tech. Get the...
Though available for less than a decade, peer-to-peer lending has been growing rapidly, a new report from the Federal Reserve Bank of Cleveland points out. Demand for the concept is particularly strong among consumers consolidating their card debt, as bankcard interest rates tend to be...
Much debate on cryptocurrencies has gone on over the past few years, driven by the cult-like following of Bitcoin and the general transaction anonymity most of the so-called virtual currencies support that has led on occasional to illicit use. In fact, many countries, cities and...
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Thus far, it appears, American Express’ Serve hasn’t put much of a dent in Green Dot’s performance, but the prepaid market appears ripe for a good ole fashioned feud between the two companies. Although pricing has yet to play out, Amex’s low-cost proposition and free...
Publicly, all retailers have—historically—said that data breach disclosures need to happen quickly and publicly. Privately, though, IT and security specialists have long questioned the point of such disclosures, especially the early ones. The initial reports are almost always wrong, shoppers can't do anything useful with...
Executives always want to know where a particular trend—especially a payment type—will be many years in the future. But it takes a steel-willed employee to push back, pointing out that the number of variables are so many that any projection beyond 2-3 years is utterly...
Payment systems globally for decades have been on a constant path in transforming traditional paper-based transactions into electronic ones, with payment cards as one of the chief drivers. More recently, mobile-based payments have done the job in less-developed countries, particularly in Africa. Get the Full...
