News

News
Are Credit-Card Payment Improvements Unsustainable? (Capital One Thinks So)
October 21, 2014

Capital One said significantly fewer of its credit card holders defaulted on their card debts in the third quarter — but the bank’s CEO called that situation “unsustainable” and said he expects the chargeoff rate to bounce back in 2015 to 2013 levels, according to...

Mobile Commerce
Price Comparison Dethrones Amazon
October 21, 2014

Amazon, which at one time had the reputation for undercutting other e-tailers with slightly lower prices, has lost the online pricing edge to both Walmart and Target. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Apple Pay
Take Me Out To The NFC-Game
October 21, 2014

Two Major League Baseball stadiums will be accepting Apple Pay and will do so just in time for the World Series Tuesday (Oct. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
GSA Strengthen Cloud-Based Procurement
October 21, 2014

The General Services Administration has introduced a new category for its Federal Risk and Authorization Management Program to highlight cloud systems proven FedRAMP ready. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cybersecurity
Another Major Retailer Breached
October 21, 2014

The $21 billion office supply chain Staples appears to be the latest retail chain hit by cyberthieves. 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...

Apple Pay
Will Apple Pay Prove To Be Payments’ Model T?
October 21, 2014

Henry Ford didn’t invent the car, the internal combustion engine or the wheel— those honors go to Karl Benz, Nikolaus Otto and Eugene Langen (or Eugenio Barsanti and Felice Matteucci) and an unknown early human who lived before the era of patents. And yet when asked about...

Cybersecurity
Bitcoin Processor Takes In Big VC Cash
October 21, 2014

The Bitcoin payments processor that was created by former Visa and Cybersource people, Bitnet, has pulled in $14.5 million in funding, including from a new player on the digital currency scene: Rakuten. Get the Full Story Complete the form to unlock this article and enjoy...

Cybersecurity
Feds Figure Out Who Did Not Attack Chase
October 21, 2014

At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of playing any role in the August cyber attacks against JPMorgan Chase. Turns out the attack was carried out by routine cyberthieves simply trying...

B2B Payments
U.K Small Business Loans Fall Down ~$650 million
October 20, 2014

U.K Small Business Loans Fall Down ~$600 million 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...