Fighting the trend that has seen millennial consumers—those aged 18 to 34—increasingly pulled away from traditional banking channels in favor of all digital methods of storing, moving and using money like Google Wallet or PayPal; one Chicago area bank is officially rolling out a digital...
Times have changed since Discover and American Express both helped the U.S. Justice Department prove its case that Visa and MasterCard exerted too much competitive influence in the card market by preventing banks from issuing cards carrying their brand marks. Now Discover has turned against...
In their latest filing with the Securities and Exchange Commission clarifying the Chinese e-retailers forthcoming U.S. IPO, chairman Jack Ma more fully explained the circumstances under which Alipay—the erstwhile payments arm of the company—was spun off from the core business. Get the Full Story Complete...
Business travelers have yet another security concern when they are on the road, particularly if they are frequent flyers at their hotels’ business centers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
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...
According to new data released by mobile commerce technology provider Branding Brand, the number of mobile transactions made on smartphones doubled between June 2013 and June 2014, from 5 percent to 10 percent. Get the Full Story Complete the form to unlock this article and...
According to sources close to the deal, curated food delivery startup Caviar could soon be acquired by Square in a deal rumored to be worth at least $100 million. TechCrunch reports the deal is to be negotiated and officially announced over the course of the next several...
After claims in China’s state run media last week that location tracking features in the forthcoming upgrades to the iPhone’s software package constitute a threat to China’s national security, Apple has hit back and counter-argued China’s claims are baseless. Get the Full Story Complete the...
PYMNTS was one of many news sources last week that China UnionPay—the state backed pay card solution in China—seems to be pushing into the virtual payments market with an investment in QR codes. Get the Full Story Complete the form to unlock this article and...
