News

B2B Payments
CPOs: Why They’re Struggling With New Risk Duties
August 13, 2014

New research shows the duties of procurement staffs evolving, with ever-more responsibilities over supply risk management in coordination with various other departments within their company. Most firms, however, haven’t caught up with the times, leaving CPOs and their staffs with basic risk-management tools. PYMNTS.com takes...

Alternative Finances
JP Morgan Prepping Bitcoin Alternative
August 13, 2014

JP Morgan Chase is reportedly trying again to patent a system for a Bitcoin alternative, according to columnist Ian Allison in the International Business Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Merchant Innovation
Have PayPal, Will Gamble?
August 13, 2014

PayPal is considering rolling the dice on the online gambling marketplace. According to reports first published in Online Poker Report’s daily news letter, and followed-up on Twitter, sources have told OPR’s Chris Grove that PayPal is investigating a return to processing payments in the U.S....

Breach Round Up
Russian Cyberthief Indicted For Chase, Capital One, Citibank Attacks
August 13, 2014

A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...

Company Spotlight
TSYS Enables Enterprise Tokenization
August 13, 2014

TSYS announced yesterday that it released its Enterprise Tokenization solution to secure payment card information for online, mobile, and digital wallet transactions, according to a company release.

Merchant Innovation
Summer School Recap: ShopRunner Live Case Study
August 13, 2014

PYMNTS Summer School 2014 kicked off yesterday featuring a slew of engaging discussions on the evolution of retail, on the retail business model and what needs fixing, and on a live case study on ShopRunner, during which attendees analyzed the company while ShopRunner CEO Scott...

News
Solving The Prepaid Revenue Problem
August 13, 2014

Prepaid programs have long been criticized for its hidden and excessive fees, the “cost of doing business” with a customer base that is subject to lots of churn and requires a lot of customer service. Patricia McPeak, i2c’s VP of Products, acknowledges that the industry...

Loyalty & Rewards
Amazon Rolls Out mPOS, Undercuts Fees From Square, PayPal
August 13, 2014

Amazon on Wednesday (Aug. 13) introduced its own mPOS package—to be called Amazon Local Register—and focused on the tune it knows that SMB retailers want to hear: lower merchant fees than Square and PayPal Here. Get the Full Story Complete the form to unlock this article and...

Taxis Just The Beginning? Uber Preparing Public API
August 13, 2014

Preparing to leverage its success in the taxicab arena, Uber is preparing a public API that would allow developers to throw a similar “request button” on an unlimited number of apps, TechCrunch reported Tuesday (Aug. 12). Get the Full Story Complete the form to unlock...