Cielo, Brazil’s largest merchant acquirer and Linx, an ERP provider, signed a non-exclusive partnership, which will bring management solutions to SMEs. The move is defensive for Cielo as it tries to defend its 56% market share menaced by new entrants. Its targets are retailers with...
First-quarter year-over-year in-store sales were down slightly at Target, which is facing difficulties similar to those of other large merchants in getting traffic through their doors. As more individuals choose to shop online for deals, the megaretailer is turning its attention to the needs of...
Sometimes an acquisition makes the most sense, while other times a simple partnership will help fill a product or service gap. Whatever the strategy, anticipated growth in point-of-sale demands has the acquiring industry in collaboration mode as key players look to fill emerging market needs.
Bradesco Seguros, a branch of one the big banks that offers medical insurance, will launch an Andorid and iOS m-wallet, developed by Scopus, which will enable customers to consolidate cards. Windows and tablet support will be available in a second phase. Get the Full Story...
Last Friday PYMNTS ran a short article by me that made the pretty simple and accurate point that Overstock.com receives dollars when people use their Coinbase wallet to send bitcoins. Little did I know the firestorm I would start. Patrick Byrne, Overstock’s CEO, was not...
Mobile apps can match taxi drivers to passengers, travelers with spare bedrooms and now liquor stores with people who want beer, wine and spirits delivered to their doorstep. Drizly has created a retail delivery network of liquor stores that consumers access via a mobile app...
The fees companies pay to accept card payments from customers have long been a point of contention. An Australian company, eWAY, is using a system from Xero that automates the ability to enable a surcharge on card payments while also giving buyers the chance to...
You can’t reform health care payments without reforming the claims process. And that is exactly what Aver Informatics just raised a bunch of money to go do. They want to help health care payments providers and insurers analyze and then take data already available through...
The US celebrated Memorial Day this past week, but it might as well have been the 4th of July. Fireworks exploded in the bitcoin community over David Evans’ piece on Overstock’s acceptance of bitcoin, including from Patrick Byrnes himself. Then there were those pesky bots.
