From its beginning back in May 2011, NFC-using Google Wallet has struggled to get customers, having to overcome a shortage of retailers supporting it and an even smaller list of phones supporting it. The Guardian decided to try and quantify how many are using it...
As part of an effort to push its mobile payment app as deeply into retail as possible, China-based Tencent Holdings has increased the size of its minority ownership of a shopping mall and logistics developer. Get the Full Story Complete the form to unlock this...
FiveStars, a 3-year-old loyalty reward firm focused on small businesses, has raised $26 million. “Menlo Ventures led the Series B investment, joined by the company’s earlier backers Lightspeed Venture Partners, DCM and Rogers Communications,” the Wall Street Journal reported. Get the Full Story Complete the...
The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Postal Service has been delivering groceries for Amazon and has decided it wants to do a lot more. The agency this week, according to The Wall Street Journal, asked the Postal Regulatory Commission for permission for a 2-year test of the plan in...
The District Attorneys of Los Angeles and San Francisco are threatening three prominent mobile ride services—Uber Technologies, Lyft and Sidecar—with injunctions and accused them of violating California law. The accusation is that the services are “misleading customers about how thoroughly (they) check the criminal backgrounds...
Apple Pay may be the catalyst that mobile payments needed to get the payments ecosystem cranking, but that’s not all it did. It’s launched a whole new focus for the largest payments network in the world – tokens and data. Visa’s mobile chief, Bill Gajda,...
For those investors hungry for some tablets-in-restaurants payment action, E La Carte offered some apparently tasty shares as it raised $35 million for a global expansion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
If banks aren’t paying attention and adjusting their strategy, they are on the verge of disruption by startups and high-growth tech firms. These firms are slowly taking away customers and market share from banks and traditional lending players. Get the Full Story Complete the form...
