News

IRS Deems Bitcoins Taxable Property
March 26, 2014

Bitcoin collecting and use just got a lot more complicated, thanks to a March 25 IRS notice classifying bitcoins as property and not currency. As such, it imposes a huge record-keeping burden on anyone who is dealing in bitcoins. Get the Full Story Complete the...

Alternative Finances
Square Targeting Latino Small Businesses
March 25, 2014

Square is actively attempting to recruit Latino users. Yesterday, the company rolled out Spanish language support and software – which includes Spanish-language customer support, Spanish on the packaging used on the card readers and a new website targeted toward Latino community. Get the Full Story...

News
Retailers And Consumers Part Ways Over In-Store Tracking
March 25, 2014

Omnichannel retail is very popular with business. Customers, by contrast, are far less excited. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

News
Retailers None Too Happy With Appellate Court Ruling
March 25, 2014

Not surprisingly, retailers expressed dissatisfaction with last week’s appellate court ruling upholding a Federal Reserve rule setting debit card interchange at 21 cents.

MasterCard And Monitise Form Digital-Payment Partnership
March 25, 2014

MasterCard and Monitise plan to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide through a partnership announced March 24.

Coming Soon, Russia’s Alternative To Visa?
March 25, 2014

In light of recent Ukrainian developments, Sberbank this week suggested its Pro 100 system could serve as a replacement for Visa and MasterCard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Loyalty & Rewards
Navy Federal Offering Square Readers To Small-Business Members
March 25, 2014

Navy Federal Credit Union’s small-business members will now be able to accept credit card payments through mobile card readers offered by Square Inc.

Merchant Innovation
Ingenico And CardConnect To Bring P2PE To U.S.
March 25, 2014

Payments processor CardConnect is partnering with point-of-sale terminal maker Ingenico to bring EMV and point-to-point encryption to their 50,000 U.S. merchant customers.

News
Nigerian Agency Shuts Down Non-Compliant ATMs, POS Terminals
March 25, 2014

Nigeria’s Weights and Measures Department of the Federal Ministry of Industry, Trade and Investment reportedly sealed ATM and point-of-sale machines at four different banks because of non-compliance with basic standards.