Sift, a company that prides itself on “forgetting the rules to fight data fraud,” has just closed an $18 million Series B round of funding led by Spark Capital, with participation from Max Levchin, Union Square Ventures and First Round Capital. Sift helps merchants identify credit card...
According to new data released by consulting firm Bain & Company, 55 percent of British internet users are aware of mobile payment options, but only 3 percent have actually used their mobile phones to pay for transportation or goods in real life. This data dovetails nicely...
Fiserv has received its second patent from the U.S. Patent office for its Predictive ScoresSM product. Predictive Scores is intended to help financial institutions identify and approach customers with the right product or service. It also helps business identify the best channels to reach customers over. Get the...
If it is your job to prevent malware attacks against a point of sale system, it has undoubtedly been a long year. In breach after breach, cyber-criminals get into a corporate server and then stay around. In the case of both the Neiman and Michaels...
Mobile wallets are convenient, but apparently not that convenient, consumers say. While more and more of them are choosing among a growing selection of mobile wallet apps, a recent TSYS study indicates that consumers are still hesitant to completely chuck their physical cards and physical...
In the era of the digital age, everything happens instantly. Emails, texts, tweets and posts are flying back and forth and immediate access is the new expectation. Now customers want to see speed in their payments as well and be able to make high-speed payments...
The one place that paper checks are alive and well are in B2B transactions. And ePayments solutions have been slow to catch on given all of the hoops that businesses have to jump thru to implement these solutions. Increasingly, though there are variations on the...
A recent Wall Street Journal report on the short-term loan practices used by many low-income consumers paints an unlikely picture of individuals willing to pay high loan rates for quick cash. Government intervention into bank overdraft-protection policies and payday-lending practices, while for the purpose of...
Alibaba, the Chinese e-commerce giant, will offer subsidies to small and medium-sized domestic exporters that complete transactions on its platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
