MoneyGram International Inc. is feeling the impact of Walmart’s recent launch of a competing U.S.-to-U.S. white label funds-transfer service, as domestic transfers for the company initiated at Walmart stores declined 31 percent and revenues dropped 33 percent during the second quarter, the Dallas-based company reported...
A lawsuit from the U.S. Federal Trade Commission filed against a group of ISOs on Wednesday (July 30) reads like a how-to guide for ripping off the card brands, as it details the fraud techniques the ISOs are accused of using to sidestep Visa and...
OpenTable—pioneers in the field of mobile reservations—have acquired Copilot, and analytics service that allows restaurants to track their business activity versus that of their competitors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Issuer overdraft protections over the past few years have grown in notoriety, with many issuers early on adding the fee-based service to customer accounts without their knowledge or through communications that were unclear or hidden in lengthy documents. In 2010, the Federal Reserve banned depository...
Alipay, the electronic payment service from Alibaba, is trying to go beyond payments and to deliver value in other areas crucial to the business. The latest example of this comes from a group of hospitals in China, where Alipay is not only paying patient bills...
Getting consumers hooked on something new is every innovator’s dream. There’s only one big problem: Consumers don’t break old habits easily. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The good news: in the not to distant future, consumers will be able to run the dishwasher, turn on the light and lock the doors remotely with the tap of a button from a smart phone. The bad news: in the not too distant future,...
Privlo has an unusual looking balance sheet from the outside. The business is an alternative financing service that allows users access to home loans outside of the post-recession banking system where credit requirements are both high and rigid. Get the Full Story Complete the form...
Strengthening its hold over Croatian payments industry, American Express has partnered with the country’s second largest bank “Privendna Banka Zagreb” to provide an NFC payment service using host card emulation (HCE) technology. Get the Full Story Complete the form to unlock this article and enjoy...
