Russia’s move to create a national payment card scheme may not be simply a political ploy. A new report suggests local payment networks also provide lower-cost options to international payment networks, and they can offer products and services better suited for local needs.
MoneyGram International has been the chief supporter of funds transfers for U.S. Walmart locations for some time, but the relationship became strained in April when the megaretailer launched its own, less-expensive U.S. store-to-store transfer program. During a recent analyst conference, Alex Holmes, MoneyGram’s CFO and...
Square co-founder Jim McKelvey is taking what he learned about innovation when launching Square to new start-ups in St. Louis. He believes that all successful innovators need three things to succeed, unless they are in financial services. In this week's Innovator Insight series MPD CEO...
Amazon finally announced its long-anticipated smartphone, dubbed the Fire Phone. Everyone knows that the device comes with a new service called Firefly, which makes it even easier for users to scan and recognize items in a store and purchase them via Amazon. But did you...
Carrier-billing payments specialist Boku today touches 4 billion consumers worldwide through 270 carrier connections. Former Visa exec and now Boku’s CEO, Jon Prideaux, sees that as a unique and logical springboard to moving its product from digital to “real world” products. Market Platform Dynamics CEO...
Mobile banking is now under the CFPB’s spotlight in order to assure that access to mobile financial services is being applied equally in all sectors of the population. Independent of that action, a House committee has introduced several bills that would limit the CFPB’s powers...
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Online competition is hammering brick-and-mortar stores, as in-store sales continue to fall. To protect their market shares, U.S. department stores must generate 2 percent top-line growth, a new Fitch Ratings report suggests. Ironically, mu
PayPal co-found Max Levichin is back in the payments game, this time with the modest goal of recreating a consumer finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
