After purchasing a 44 percent stake nearly three years ago for a reported $28 million, Neiman Marcus is pulling out of China’s Glamor Sales Ltd. The Chinese company, which made a name for itself selling high-end fashions at a discount, was supposed to function as...
According to sources familiar with the situation, Intuit is currently in talks to purchase Check, a Mint-like mobile-finance app that allows users to track and pay bills. The service currently has 10 million users and Intuit is looking reportedly looking to scoop the company up...
Thirty percent of SMBs leverage business credit cards to finance their businesses. But the rules and regulations related to interest rates and APRs that protect consumers’ don’t apply to corporate cards. The result is a potentially devastating impact on the ability of SMBs to access...
CyberSource, a global provider of eCommerce payment management services, today announced a partnership with one of Vietnam’s largest privately held banks, ACB (Asia Commercial Bank). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Xero, an online accounting software company released a next-generation banking model in the Australian market after creating a joint initiative with the Commonwealth Bank’s New Zealand subsidiary, ASB Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Perhaps it should come as no surprise, but consumers today are a lot less likely to own a credit card and carry card debt. The Great Recession aside, issuers may have helped spark the change when they cut back on card approvals and credit limits...
ATM and point-of-sale technology company NCR Corp. continued to make strides during the first three months of the year to transition to a software-driven provider of transaction technologies, with software-related revenue jumping 45 percent year over year, including a 242 percent jump in software-as-a-service (SaaS)...
The bank plans to launch the device on Wednesday.
The MasterCard MasterPass has already launched in over 20 countries.
