For well over a decade, players across the payments space and all around the world have been trying to crack the code on delivering mobile financial services to the un-and-underbanked consumer. And despite many great ideas and the urgent need to move those without bank...
Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically time consuming and expensive. But that’s exactly the problem that Chen Amit, set out to solve four years ago when...
Despite Visa and MasterCard still struggling to get into the Chinese market, Apple has found one way, working out an agreement with UnionPay to make it easier for Apple apps to be purchased there. In exchange, Apple will let Chinese consumers pay with UnionPay for...
Contrary to recent inviting signals from Chinese Premier Li Keqiang, executives with MasterCard and Visa are finding it increasingly difficult to get permission to do business in China. “Despite a World Trade Organization directive putting China on notice to open its bank card market by...
“When the going gets tough, the weird go pro.” Hunter S. Thompson “Gonzo journalist” Hunter Thompson sure captured the week in payments with that sentiment. Sometimes, it’s an absolute banner week in payments news. Other weeks are slow (but not lately, thanks to Apple Pay)....
Samsung Electronics has announced its intention to push into the mobile payment space with their own service offer in cooperation with local m-pay services provider Yelopay. The mobile service is also offered in partnership with Kookmin Bank, Shinhan Bank, Yoori Bank, NH Nonghyup Bank, Citibank...
It seems soon Greyhound buses and Amtrak trains could soon know the world of hurt that ride-sharing has already brough to the world’s taxi operators. Instead of offering a taxi service like Uber or Lyft, Tripda matches passengers and drivers (who are already planning travel)...
Welcome to the bigtime, iPhone. You’re now subject to the same nasty malware as everyone else. What changed is a Silicon Valley security firm—Palo Alto Networks—came across some malware called Wirelurker, which is focused on iOS devices, according to a report in The Verge. The...
Bank of America Merrill Lynch has added some significant new global features for its B2B cards, including expanded country footprints (adding Guatemala and Turkey), real-time account management and integrated global data consolidation in Hong Kong and India, additional B2B payment options in 27 more countries...