News

Standard Bank Brings Card Payments to South African Transit
July 22, 2012

Standard Bank is issuing the MasterCard Muvo debit card to its customers, giving those customers an alternative to cash payments for transit fares. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

The Latest Country to Add NFC Payments Is…
July 16, 2012

NFC payments will soon be arriving in Cambodia, the Phnom Penh Post reports. 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....

Giftcards.com Hires Former SkyMall COO To Lead Its Own Operations
July 15, 2012

Giftcards.com hired Jay Scannell, former chief operting officer for SkyMall, to be its own COO. 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,...

Visa, Samsung Distributing 1,000 NFC Phones to Olympics “Decision Makers”
July 12, 2012

Roughly 1,000 Samsung Galaxy S III devices will be distributed to “key stakeholders and decision makers” at the London 2012 Olympics — and each NFC-enabled device will come with a Visa mobile payments app preinstalled, according to NFC World. Get the Full Story Complete the...

Giftly Wants You To Stop Using Closed-Loop Cards
July 12, 2012

Roughly 60 percent of the $100 billion spent annually on gift cards is loaded onto closed-loop products, according to Dan Kimerling. Kimerling is chief operating officer at Giftly, a two-year-old startup that wants to replace those closed-loop cards by moving gifting to the existing payment...

The Tale of the (Payments) Wallaby
July 12, 2012

Before about a month or so ago, whenever wallabies came up in any conversation, it was in the context of those cute little kangaroo-like critters native to the regions down-under. In addition to rating high in the cuteness category, these agile and resourceful creatures were...

Apple’s Mobile Airline Ticketing and Travel System Uses NFC
July 11, 2012

The patent for Apple’s airline ticketing and travel platform on the iPhone — dubbed “iTravel” — relies on NFC technology, according to NFC World. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

NFC Not for Now? London Transit Says NFC Is Too Slow for Payments
July 11, 2012

London Underground, the local metro service provider, says payments made via NFC are too slow for its transit systems. 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...

Is Apple the Payments Industry’s Black Swan?
July 09, 2012

No, I’m not talking about the creepy Natalie Portman movie by the same name, but the concept that describes a surprise event, something unpredicted yet extraordinarily powerful – an event whose impact reshapes the future in dramatic ways. The concept was given business context after...