News

US Card Spend Neared $5 Trillion In 2014
May 27, 2015

While the figures are nowhere near where they were 10 years ago, the credit card market share in terms of payment card volume still gives an edge toward credit cards, when compared to debit and prepaid cards issued in the U.S. Get the Full Story...

Fiserv Responds to CFPB Overdraft Order
May 27, 2015

On June 11, 2013, the Consumer Financial Protection Bureau (CFPB) released a report that raised concerns about the ability of consumers to anticipate and avoid overdraft costs on their checking accounts. The report found, for instance, wide variations across financial institutions regarding the costs and...

Another Week, Another $2.1B (And eProdigy’s $100M Pick-Up)
May 27, 2015

After a strong showing with investors in the winter and early spring – it looks as though alternative financial services is poised to continue capturing investor interest going into the (we hope at least here in the Northeast) dog days of 2015’s summer. Get the...

eBay’s Plans To Win Over Merchants
May 27, 2015

For merchants with a bricks-and-mortar presence, promoting a store is more about location, eye-catching signage and the right marketing strategies. But in a busy online marketplace where millions of merchants are competing for those millions of buyers, there’s one key strategy that translates from physical...

News
Granify, eCommerce Platform, Snags $7 Million From Investors Including Valar Ventures
May 27, 2015

Granify, an eCommerce company based in Edmonton, Alberta, announced Tuesday (May 26) that it has received a $7 million Series A investment from several investors, including Valar Ventures, which is in turn backed by PayPal co-founder Peter Thiel. Get the Full Story Complete the form to...

Ex-Citibank CEO Joins Bitcoin Startup Board
May 27, 2015

Xapo — a bitcoin services company based in Palo Alto that is in the midst of relocating its headquarters and operations to Switzerland — announced yesterday (May 26) that its board of directors has taken on several new members, including former Visa and Citibank executives...

CFPB Debt Collection Regulation Delayed
May 27, 2015

The banking, lending, and debt collection industries will have to wait a bit longer than expected for the Consumer Financial Protection Bureau’s (CFPB) progress on the debt collection rulemaking. This is the second delay since the U.S. government independent agency launched its advanced notice of...

Walmart Leaks Sneak Peek Into “ShippingPass”
May 27, 2015

When reports about Walmart’s shipping subscription program rolled out earlier this month (May 13), there were limited details about what the service would entail. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

NASDAQ Ups Its Blockchain Game
May 27, 2015

In the past few months, NASDAQ has been bitcoin’s best friend. Well, at least the best friend of the technology that powers bitcoin — the blockchain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...