PayPal is partnering with Paycorp on a new verticals market payments initiative. Under the arrangement, Paycorp will provide PayPal with transaction processing and delivery services. PayPal will integrate with Paycorp’s existing payments tools, ARN Net reported on Feb. 10. “We are seeing an increased demand...
The United Arab Emirates (UAE) has begun testing a drone delivery system for sensitive government documents and parcels. The models currently being investigated are capable of flying at 40 kilometers per hour bearing 1.5 kilograms of cargo, The National, a UAE-based news source, reported on...
American Express scored an important victory in court this week, as a judge awarded preliminary approval to a settlement between the issuer and a group of U.S. merchants over alleged transaction fee impropriety. The deal was given the nod by U.S. District Judge Nicholas Garaufis...
Square’s Android-using merchant base is slowly growing. Android-using merchants now account for nearly half of Square’s merchant base, according to a Feb. 6. report from Tab Times. iOS-using merchants account for the other half. In 2010, roughly 62 percent of Square’s customers used iOS, compared...
Chinese online payment service Alipay has reported $150 billion in revenue for 2013, making it the world’s biggest payment service by-volume. The company boasts over 100 million users. Over the course of 2013, customers made 2.78 billion transactions. The volume numbers are triple those of...
Victoria’s Secret is leveraging mobile image recognition technology as part of a new advertising push. The specialist in sexy women’s undergarments is using the technology as the foundation for a seasonal scavenger hunt, Mobile Commerce Daily reported on Feb. 11. Shoppers use their mobile devices...
The Alibaba Group announced on Tuesday that it will be launching a new U.S.-based eCommerce site. 11 Main is billed as online store including products from a variety of merchants and sellers, Reuters reported on Feb. 11. The site is not yet live. “Alibaba is...
What do Bob Selander, Arthur Hahn and George Wallner all have in common? Well, two things, actually. The first is that they changed the course of payments in a very material way – in fact so material that what they did has stood the test of time and has defined...
MasterCard today took a strong move to push out mobile-wallet technology faster globally, including its own MasterPass digital service, with the announced planned acquisition of long-time partner C-SAM, whose platform supports not just payments but also customer-specific offers, loyalty incentives, banking, bill-pay options and nonfinancial...
