News

Mobile
Best Buy Offers Gloomy Outlook
August 27, 2014

Best Buy on Tuesday (Aug. 26) conceded that it was projecting a gloomy next couple of quarters, as the consumer electronics chain signaled its third consecutive year of falling revenue, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this...

Merchant Innovation
Apple’s iWatch Values Brains Over Beauty
August 27, 2014

Apple’s long-rumored iWatch will have to work as a fashion accessory, but more important are the implications of iOS-based wearables on the accessibility and ubiquity of data, suggests David Willson at Seeking Alpha. Get the Full Story Complete the form to unlock this article and...

Alternative Credit
Mobile’s Impact on Bank Branches
August 27, 2014

Bank branches in the U.S., which have been closing at a rapid pace as retail banks try to cut costs, are actually rising in popularity among customers, Payments Cards and Mobile reported. Get the Full Story Complete the form to unlock this article and enjoy...

Alternative Credit
Square Cash Takes The Next (Mobile) Step
August 27, 2014

Square has upgraded its Square Cash P2P payment app with the ability to send payments via text messages, and raised the ante in its competition with PayPal-owned Venmo, according to VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Merchant Innovation
Amazon Fire Sales Ice Cold
August 27, 2014

Amazon has sold only 35,000 of its new Fire phones in the first 20 days after it went on sale in July, according to data crunched by the U.K.’s Guardian newspaper. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
CFPB Asks Debt Collectors To Pay Up
August 27, 2014

A large Oklahoma-based payment processor will pay $7 million to settle charges that it helped collect illegal fees charged to consumers by debt-settlement companies, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Financial Inclusion
Credit Card Delinquencies Are Down
August 27, 2014

Overdue U.S. credit card payments are falling, and the number of new credit accounts rose during the first quarter of 2014, credit reporting company TransUnion said Tuesday (Aug. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Staples Goes Omnichannel
August 27, 2014

Office-supplies giant Staples has launched a “buy online, pick up in-store” program in the face of weak sales and declining profits, Integrated Solutions for Retailers reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Alternative Credit
Citi’s Digital Wallet Debuts
August 27, 2014

Citi has launched its own digital wallet for online purchases, using MasterCard’s MasterPass system so customers won’t type in an unencrypted credit card number, the bank said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...