Controversial

B2B Payments
Congress Scrutinizes DOD’s Commercial Spending-Error
July 15, 2014

During a House subcommittee hearing last week, lawmakers expressed concern over the continued problems government has in controlling misspent funds. Of particular concern is the Department of Defense, the sole agency on the GAO’s high-risk list. A top DOD official during the hearing said the...

B2B Payments
SupplierPay Initiative Pushes Large Companies To Speed Payments To SMBs
July 14, 2014

In a move intended to boost cash-flow for small businesses, the White House has announced the SupplierPay program. The program calls on large enterprises to dramatically speed up payments to the smaller vendors in their supplier networks. As of last week, some very big ticket...

Controversial
PYMNTS Talks Back (About Bitcoin Debit Cards, Google and Seinfeld)
July 12, 2014

What's a bitcoin debit card supposed to do for anyone? What does Google know about same day delivery that the rest of the market doesn't? And what makes Seinfeld so relevant to payments? Just a few of the hot topics in payments that we covered...

Controversial
Why Synchrony Invested in Loop
July 11, 2014

Loop made headlines earlier this week with an announced strategic investment from Synchrony Financial—the about to IPO GE Capital spinoff. While an investment from the nation’s largest private label issuer might be enough for some, Loop CEO Will Graylin says this is the first of...

Company Spotlight
Guess Who’s Entering The Mobile Authentication Business?
July 10, 2014

Who better than a mobile operator to actually deploy mobile authentication solutions for commerce? Well, that’s at least the opinion of AT&T who soon plans to test a service for international travelers so that they can avoid declined card transactions. How will their solution compete...

What Rising Tablet Sales Signal About The Future Of Online Commerce
July 09, 2014

Everyone one loves a horserace, and so when Gartner predicts that tablet sales will eclipse traditional computer sales in 2015, it is tempting to declare a winner and go home. However, since consumers are still using PCs to make 90 percent of their digital purchases,...

Consumers Want More From Mobile Payments
July 08, 2014

A new survey of 15k consumers in 15 global markets revealed just how high consumer expectations are when it comes to using their mobile phones to shop and pay. Sure they want the experience to secure, but that’s not the key driver. So, what is?

Controversial
DOJ (Mostly) Supports Bill Limiting Geolocation Data Use
July 07, 2014

With millions of Americans holding in their hands devices that can track their every move, and record their movements over time, the Federal Trade Commission has come out in support of draft legislation that would require consumers’ consent before companies could use their geolocation data....

Controversial
PYMNTS Talks Back: Oh the Places Payments Goes
July 05, 2014

Different. Unique. Independent. This week we debated the value of standing alone and going the distance. Will Amazon Fire change the playing field for mobile payments? Do today's affluent prefer memorable experiences to luxury goods? Is all that you read about EMV for real? We...