News

News
Investors Avoid Answering Where Wonga Went Wrong
October 22, 2014

For the second time, Accel Partners and Balderton Capital have stayed silent about what went wrong with the the payday loans company Wonga, according to an article by techcrunch.com on Monday (Oct. 20). This time, however, the cone of silence was made publicly on stage among a panel of...

Mobile Commerce
Uber A Burger? The New Ways To Monetize Food.
October 22, 2014

It is unsurprising in a concrete jungle par excellence like Manhattan there are people who have simply become so rich, so powerful and Mastered the Universe so totally, that quite frankly they have forgotten how to operate a grill.  Luckily Greenwich Village offered a link...

Investment Tracker, October 22
October 22, 2014

Click here to see this week’s graph 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 Today. By completing this form, you agree...

Discover CEO “Expects” To Join Apple Pay
October 22, 2014

Discover CEO David Nelms declared late Tuesday (Oct. 21) that his brand–the largest of the card brands to not join Apple Pay–will indeed soon be an Apple Pay partner. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cybersecurity
Chase Aftermath Boosts Bank Defenses
October 22, 2014

As the industry tries and reacts to the massive cyber attack inflicted on JPMorgan Chase, federal and state authorities are pushing banks and brokerage firms to close some gaping holes in their defenses, the New York Times is reporting. Get the Full Story Complete the...

Exclusive Series
Omnichannel: Buzzword Or What’s Next In Retail
October 22, 2014

The problem about talking about “what’s next” in payment and retail is the moment that “next” begins can be a little subjective. Omnichannel is a prime example of the problem—for years now it has been primed and promoted as the next big thing, the way to...

Apple Pay
Apple’s Compliance Cakewalk
October 22, 2014

Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. Like many token efforts, because Apple Pay is not storing the payment credentials, the Wall Street Journal points out, it can avoid a lot of...

Apple Pay
Jumio Adds Driver’s License Scanning To Its Payment Product
October 22, 2014

Jumio, a company that tried to make mobile payment easier by using the phone’s camera to sidestep manual data entry, on Tuesday (Oct. 21) introduced Bam Checkout, which the company is hoping will counter Apple Pay, according to TechCrunch. The new twist is allowing users...

How Apple Will Attack The “Man In The Middle” Problem
October 22, 2014

Amidst reports that a series of man-in-the-middle-attacks has been launched against Apple’s iCloud in China—one report specified that agents working for the government of China were deeply involved—Apple has posted a security document warning consumers and offering practical tips on how to avoid being victimized....